Joule

Name

Joule

Legal name

Joule

Website

https://joulepower.ai

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

AI Data Center Infrastructure

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

AI Datacenter Power, Cooling & Racks (liquid cooling, power delivery) (HDAAAAAH)

akta.pro secondary industries

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Heat Rejection & Mechanical Plant (Cooling Towers, Pumps, Condensers) (HDABAKAE), Microgrids & Energy Management Controllers (Campus/Community/Industrial) (EUADAPAE), Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF), Remote Operations, Control Room & Digital O&M (Monitoring, Diagnostics) (EUAEAGAM), Device/Asset Enablement & Edge Control (IoT Gateways, Controllers, Interoperability) (EUAFAHAI)

Keywords

• AI data center infrastructure
• Behind-the-meter power
• Hyperscale data centers
• Data center leasing
• High-density colocation

Headquarters

HQ city

Utah

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Data Center Space Leasing: Joule leases data center space on its campus to hyperscalers and AI companies. Customers pay for powered and entitled land, with pre-engineered infrastructure ready for tenant customization or bring-your-own design. Revenue is derived from long-term leases for physical data center infrastructure with included power and cooling.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Joule develops, owns, and operates the BetterGrid™ platform — an integrated AI data center infrastructure solution that combines behind-the-meter natural gas power generation, N+2 redundant 480V direct-to-rack power, grid-forming battery storage, high-density liquid cooling (up to 800 kW per rack), and six diverse fiber routes on a 4,000-acre fully entitled campus in Millard County, Utah. The company leases powered, entitled data center space to hyperscalers and large AI companies, enabling them to deploy gigawatt-scale AI compute capacity months faster than grid-dependent operators by removing dependency on public electrical grid interconnection.

Product overview

Joule offers the BetterGrid™ platform, a unified AI-ready data center infrastructure solution consisting of five integrated components: the core BetterGrid Platform itself, backed by power generation equipment from Caterpillar; power infrastructure delivering 1+ GW of behind-the-meter natural gas generation with N+2 redundancy; cooling infrastructure supporting air, liquid, and immersion options; connectivity infrastructure with six diverse fiber routes from Tier-1 carriers; and the 4,000-acre entitled campus in Millard County, Utah. The platform is specifically engineered for high-density AI workloads with up to 800kW per rack power density, enabling deployment months faster than traditional grid-dependent data center operators.

Differentiator

Problem solved

Functional benefit

Brands

• BetterGrid: A next-generation data center platform specifically engineered for high-density AI workloads, featuring behind-the-meter power generation and modular infrastructure.

Products and services

• BetterGrid™ Platform An integrated AI data center infrastructure platform that combines behind-the-meter power generation, N+2 redundant 480V power delivery, grid-forming BESS, high-density cooling, and multi-carrier fiber connectivity to enable hyperscalers to deploy gigawatt-scale AI compute capacity on owned, entitled infrastructure months faster than grid-dependent operators.
• BetterGrid AI Data Center Campus (Millard County, Utah) A 4,000-acre fully entitled Heavy Industrial AI data center campus in Millard County, Utah, with 1+ GW Phase 1 power capacity across 6 facilities, owned land, 10,000 acre-feet of senior water rights, dedicated Kern River gas pipeline interconnect, and direct natural gas supply. Leased to hyperscalers and large AI companies for high-density AI workloads.
• BetterGrid Power Infrastructure Behind-the-meter natural gas reciprocating engine power generation delivering 1+ GW with N+2 redundancy architecture, 480V direct-to-rack power delivery, and grid-forming battery backup providing 99.999% uptime capability.
• BetterGrid Cooling Infrastructure Closed-loop high-density liquid and immersion cooling infrastructure supporting up to 800 kW per rack, leveraging the 4,800 ft high-desert Utah climate for natural cooling efficiency.
• BetterGrid Connectivity Infrastructure Six physically diverse fiber routes from five Tier-1 carriers (Lumen, Zayo, AT&T, Verizon, Google) providing path diversity, sub-10ms latency to major markets, and 100G/400G/800G-ready multi-terabit capacity per route via carrier-neutral MMRs.

Quantifiable outcome

• Deployment months faster than traditional data center operators due to behind-the-meter independent power generation
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• CaterpillarcoreOEM/ Whitelabel/ Licensing Partner · 1 August 2025Caterpillar is the primary power generation equipment provider for Joule's BetterGrid platform. Joule has secured 1.7 GW of Caterpillar power-generation equipment on firm order and in production, with first delivery scheduled for March 2026. Caterpillar's Energy & Transportation segment has posted 19% growth in power generation driven by AI data center demand. The partnership positions Joule's campus with reliable, made-in-the-USA power generation infrastructure.
• Wheeler Power Systems (Wheeler Machinery Co.)coreImplementation/ SI/ Consulting Partner · 1 August 2025Wheeler Power Systems maintains an on-site rebuild and maintenance shop at Joule's campus. Stephen Green serves as Senior Vice President, Power & Energy at Wheeler Machinery Co. and is a board member of Joule. Wheeler provides ongoing equipment maintenance and support services critical to continuous power generation operations.
• Kern River Gas TransmissioncoreTechnology or IntegrationKern River Gas Transmission provides the dedicated natural gas pipeline interconnect to Joule's campus, ensuring a firm fuel supply at scale for behind-the-meter power generation. This direct connection is a key differentiator enabling reliable, independent energy generation without grid dependency.
• Lumen, Zayo, AT&T, Verizon, GooglecoreTechnology or IntegrationFive Tier-1 carriers provide on-site connectivity at Joule's campus through six physically diverse fiber routes. Carriers include Lumen, Zayo, AT&T, Verizon, and Google. Fiber is terminated on-site with multi-terabit capacity per route, supporting 100G/400G/800G connectivity.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• CoreWeave: CoreWeave operates GPU-first, AI-cloud data center capacity purpose-built for high-density AI workloads, with a focus on rapid deployment. While more customer-facing, Joule is a natural wholesale supply counterpart, and CoreWeave's infrastructure footprint of high-density, liquid-cooled AI campuses is the closest analogue to Joule's target build.
• Stack Infrastructure: Stack Infrastructure builds hyperscale-ready data center campuses with flexible power solutions targeting AI and cloud tenants. Comparable wholesale leasing model, AI-density focus, and emphasis on accelerated delivery for hyperscale customers.
• EdgeConneX: EdgeConneX develops hyperscale and AI-ready data centers with custom power solutions, including behind-the-meter and microgrid configurations for grid-constrained sites. Both companies engineer end-to-end power-plus-shell campuses for hyperscaler tenants seeking speed-to-market over grid-tied builds.
• Vantage Data Centers: Vantage develops and leases hyperscale data center campuses across North America, EMEA, and APAC, often with on-site substation and behind-the-meter power strategies to reduce grid-dependence timelines. Joule is comparable as a wholesale campus developer competing for the same hyperscaler lease pipeline.
• Crusoe Energy: Crusoe builds and operates AI data centers powered by behind-the-meter energy generation originally from flared gas and now expanded to natural gas and other sources. Like Joule, Crusoe positions captive/off-grid power as the key unlock for AI compute capacity and develops the full stack from fuel to GPU hosting.
• Applied Digital: Applied Digital develops and operates AI/HPC data centers powered by behind-the-meter and stranded-power generation, closely matching Joule's model of building purpose-built AI campuses with dedicated power. Both target hyperscale and neocloud tenants facing grid constraints and lease shell space on owned campuses.

Broad incumbents

• Equinix: Equinix is the global leader in interconnection-focused colocation data centers and operates a large portfolio of retail and hyperscale facilities. While focused on colocation rather than behind-the-meter power, Equinix competes for hyperscaler and AI tenant workloads in adjacent geographies.
• Digital Realty: Digital Realty is the largest publicly traded wholesale/colocation data center REIT globally, with a broad portfolio serving hyperscale, AI, and enterprise tenants. It is a broader incumbent competitor but with grid-tied infrastructure; Joule competes by offering speed and energy certainty that Digital Realty's utility-interconnected builds cannot match in constrained markets.

Emerging players

• TeraWulf: TeraWulf is transitioning from bitcoin mining to HPC/AI hosting by leveraging its owned behind-the-meter nuclear and grid capacity. Its repositioning toward AI compute tenants on owned power infrastructure parallels Joule's leasing of AI-ready capacity powered by captive generation.
• Talen Energy: Talen Energy is developing co-located nuclear-powered AI data center campuses (Susquehanna) via direct power sales to hyperscalers. While fuel-source differs, the strategic model of captive baseload generation sold directly to AI tenants mirrors Joule's behind-the-meter thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/joule-power

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Joule