VoltaGrid Weighing Public Listing or Sale, Riding the AI Wave

VoltaGrid, a startup that offers tech companies a shortcut to the energy needed to run artificial-intelligence systems, is exploring ways to raise billions of dollars to sustain its growth.

The maker of gas-powered microgrids for rapid data-center deployments is weighing an initial public offering and also has engaged with private equity firms about a potential sale, according to people familiar with the matter.

Blackstone Inc., and BlackRock Inc. are among firms that have discussed buying or investing in VoltaGrid, said the people, who asked not to be identified because the details are private. A potential deal could value ...