Articles from VoltaGrid LLC

HOUSTON, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy (NYSE: FANG), Halliburton Energy Services (NYSE: HAL), and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian Basin. This collaboration represents a significant investment in clean and efficient energy solutions, with VoltaGrid delivering approximately 200 megawatts (MW) of electric power to support Diamondback Energy’s field operations. This marks a continuation of a longstanding partnership focused on sustainability and operational excellence.

HOUSTON, March 04, 2024 (GLOBE NEWSWIRE) -- VoltaGrid LLC (“VoltaGrid” or the “Company”), together with its strategic capital partners from Kennedy Lewis Investment Management (“Kennedy Lewis”), Blue Torch Capital (“Blue Torch”), and CPPIB Credit Investments Inc., a wholly-owned affiliate of CPP Investments, are pleased to announce the closing of a $500 million five-year senior secured term loan facility (the “Term Loan Facility”), which comes with an additional $50 million accordion feature (the “Accordion Facility”).

HOUSTON, Dec. 09, 2022 (GLOBE NEWSWIRE) -- VoltaGrid LLC (“VoltaGrid” and “Company”) and Pilot Company (“Pilot”) entered into and closed a definitive agreement for VoltaGrid to acquire substantially all assets of Pilot’s CNG compression, CNG virtual pipeline and CNG logistics platform (the “Acquisition”). Through the Acquisition, VoltaGrid will become the largest vertically integrated portable power generation and clean fuels platform in North America. The combined platform will provide a reliable and cost-effective solution to advance electric completions, remote mining decarbonization, utility grid reinforcements and hydrogen blending partnerships. The Company expects to significantly increase its footprint across the USA by developing a low carbon fuels network to decarbonize key oil & gas basins, active industrial regions, carbon intensive mining operations and the transportation market.

HOUSTON, Oct. 13, 2022 (GLOBE NEWSWIRE) -- VoltaGrid LLC (“VoltaGrid” or the “Company”) today announced the closing of an equity raise of $150 million USD ($205 million CAD) that includes strategic, follow-on investments from Canada Pension Plan Investment Board (“CPP Investments”), Longbow Capital, Pilot Company, and Walter Ventures.