North American Oil & Gas "Distributed Power Generation Private Company..."

Research evidence excerpt

North American Oil & Gas "Distributed Power Generation Private Company..."

Global Research

30 June 2026ab

North American Oil & Gas Equities

North AmericaDistributed Power Generation Private Company

Compendium Energy

Josh Silverstein

Analyst

josh.silverstein@ubs.com

We see increased interest in private power solutions as data center buildouts +1-212-713 3513

drive energy demand

Peyton Dorne

The rapid data center buildout, driven by AI and hyperscale demand, is creating a Analyst

growing disconnect between power needs and grid availability, accelerating the rise of peyton.dorne@ubs.com

distributed power generation (DPG). Private power providers are stepping into this gap, +1-212-713 4359

offering faster, flexible, and increasingly vertically integrated solutions that compete Shneur Z. Gershuni, CFA

with incumbent models. With significant capital inflows and recent public market entry, Analyst

the sector is scaling rapidly. We see private DPG players not just as enablers of shneur.gershuni@ubs.com

electrification, but as potential disruptors, and profile 9 emerging companies within this +1-212-713 3974

compendium. Jon Windham, CFA

Active Fundraising & Investment Cycle Into Distributed Power jon.windham@ubs.com

The DPG sector has raised significant capital, with EROC's June 10th IPO capping a +1-617-478-4711

recent flurry of fundraising and investment into private companies, as the need for William Barber

power solutions has lifted investors' interest in the sector. Crusoe, which generates Associate Analyst

power and offers vertical integrated data center solutions, was valued at $10.0Bn in its william.barber@ubs.com

4Q25 Series E round. In 2Q26, VoltaGrid raised $1.0Bn in a strategic equity investment +1-212-713 5553

from Blackstone and HAL.