Private Equity Firm NGP Makes $200 Million US Battery Bet as AI Stokes Power Demand
Private equity firm NGP Energy Capital Management is backing a new US energy-storage developer with $200 million as data centers spur record power demand growth.
By Naureen S Malik · Bloomberg Markets
Private equity firm NGP Energy Capital Management is backing a new US energy-storage developer with $200 million as data centers spur record power demand growth.