National Grid Ventures to Invest $1.75 Billion in Joulent to Power US AI Data Centers

Utilities skipping the grid entirely to build dedicated power for AI is now a repeatable financing model, not a one-off. When a company as conservative as National Grid puts 1.75 billion dollars behind bypassing its own interconnection queue, that is an admission the queue itself is the bottleneck. Expect more of these across-the-meter deals as hyperscalers get tired of waiting years for utility approvals.