Britain's National Grid is taking a 35% equity stake in US energy startup Joulent, which is building a 2.67 GW gas-fired plant in West Texas (Project Kilby) under a 20-year power deal with Microsoft. The $5B-valued startup aims to deliver power by 2028, bypassing traditional grid interconnect queues entirely. As AI keeps gobbling up electricity, is purpose-built off-grid power the new normal for hyperscalers?
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