AI Power Bet: National Grid invests $1.75B in Jouleant

Yes, it absolutely is, and it's not paying its own electricity bill. Data centers powering artificial intelligence consume exorbitant amounts of electricity, creating a growing demand that current infrastructures struggle to handle. It's a problem energy companies can't ignore anymore.

That's why, on July 1, 2026, National Grid invested $1.75 billion in Jouleant, a US-based AI power firm. This sends a clear signal: the AI gold rush is shifting from GPUs to kilowatt-hours. Whoever controls the energy will control AI's future.

Jouleant is one of the companies promising to manage AI's energy appetite, though specific details on "how" are still a bit hazy. It's an "AI power firm" based in the US, likely focused on optimizing or providing energy solutions for AI infrastructure.

National Grid CEO Zoë Yujnovich discussed the investment on Bloomberg Open Interest, emphasizing the growing importance of AI-driven electricity demand. So, if AI is the new oil, someone has to drill for its energy, right?