National Grid Stock Price, News & Analysis

Willdan (NASDAQ: WLDN) was selected by National Grid to deliver energy efficiency services to small businesses across Massachusetts under a two-year agreement. Willdan will implement a small business direct install program for urban and suburban counties in Eastern Massachusetts, marking the company's entry into National Grid’s Massachusetts market and expanding its Northeast footprint. Management noted the contract builds on Willdan’s roughly 15 years of work with National Grid in New York and emphasized measurable energy savings, improved safety and lower monthly energy costs for local businesses.

National Grid (NYSE:NGG) and Leap announced the expansion of their virtual power plant (VPP) collaboration to Massachusetts facilities, following a successful pilot in New York. Through Leap's software solution, select National Grid office buildings will participate in the state's Clean Peak Standard and ConnectedSolutions grid services programs to reduce electricity usage during peak demand.

The initiative aims to enhance grid resilience and lower carbon emissions by enabling distributed energy resources like smart thermostats, EV chargers, and HVAC systems to participate in energy markets. The collaboration supports Massachusetts' climate goals by reducing reliance on fossil-fueled "peaker" plants during high-demand periods.

National Grid (NGG) has partnered with Kraken to implement its cloud-based customer service and billing platform for 6.5 million energy customers across Massachusetts and New York. The multi-year transformation project makes National Grid the first U.S. integrated utility to adopt Kraken's platform, which already serves over 70 million customer accounts globally.

The platform will leverage smart meter technology to offer innovative energy solutions and pricing plans, while providing customer agents with enhanced tools for issue resolution. Kraken's system can process over 8 billion data points daily, enabling deeper insights into customer behavior and energy usage. The implementation will replace decades-old systems and aims to dramatically improve customer experience, boost efficiency, and enable delivery of dynamic energy products and services.

Amperon, an AI-powered energy forecasting solutions provider, has secured a strategic investment from National Grid Partners, the venture arm of National Grid (NYSE: NGG). The funding will accelerate Amperon's expansion across North America and Europe, marking the first investment from National Grid Partners' new $100 million AI solutions commitment.

The company expanded into 15 European countries in June 2024 and has demonstrated superior forecasting accuracy, achieving a 10% improvement over the last six months. Amperon's AI-powered platform serves major clients including Ørsted, Axpo, AES, and Rhythm Energy, helping them optimize energy strategies and enhance grid stability.

The investment aims to strengthen Amperon's presence in key markets, particularly in the UK, where National Grid operates the high voltage electricity transmission network and serves over 20 million people in New York and Massachusetts.

National Grid and its Foundation announced a joint $1.4 million contribution to support low-income and emergency heating programs following the interruption of regular Home Energy Assistance Program (HEAP) in New York State. The funds will enhance grants from $200 to $500 for eligible customers through the Care & Share Energy Fund and Neighborhood Heating Fund.

This initiative comes during a significantly colder winter, with December 2024 being 24% colder than the previous year in Upstate New York and 32% colder in NYC and Long Island. The programs will provide assistance to active National Grid customers who have exhausted their HEAP allocations. Eligible customers must have an active account and meet HEAP income guidelines.

The company is also promoting various bill management programs including the Energy Affordability Program (EAP), Budget Billing Plan, and Deferred Payment Agreements to help customers manage energy costs during cold weather.

National Grid (NYSE:NGG) has appointed Steve Smith as Chief Strategy and Regulation Officer, effective immediately. Smith, who has been serving in this role interim since August 2024, will lead the company's strategy and regulation work across the US and UK. He will report to Group CEO John Pettigrew and join the executive committee. The appointment comes as National Grid plans to deploy £60bn of capital over the next five years. Smith, who joined National Grid in October 2021, brings over 25 years of experience in energy and finance sectors, having previously held positions at Lloyds Banking Group, Ofgem, American Electric Power, and PwC.

National Grid (NYSE: NGG) has appointed Steve Smith as Chief Strategy and Regulation Officer, effective immediately. Smith, who has been serving in this role interim since August 2024, will lead the company's strategy and regulation work across the US and UK. He will report to CEO John Pettigrew and join the executive committee. The appointment comes as National Grid plans to deploy £60bn of capital over the next five years to drive economic growth, jobs, and decarbonization. Smith, who joined National Grid in 2021, brings over 25 years of experience in energy and finance sectors, previously holding positions at Lloyds Banking Group, Ofgem, American Electric Power, and PwC.

National Grid has donated $125,000 to support regional organizations and municipalities in the Mohawk Valley following devastating tornadoes. The funding, provided through National Grid's Project C Community Investment Program, will support local relief services, cleanup efforts, and community enhancements. The donation will be distributed to:

• Community Foundation of Herkimer and Oneida Counties: $50,000
• City of Rome: $25,000 for tree restoration
• American Red Cross: $12,500 for disaster relief services
• Food Bank of Central New York: $12,500
• Village of Canastota: $12,500 for park improvements
• City of Oneida and Oneida Improvement Committee: $12,500 for a new pocket park

National Grid deployed over 3,000 power restoration experts to restore service to 72,000 affected customers after the tornadoes.

National Grid's fourth annual Project C Week of Service is set to begin, with over 1,500 employees volunteering across New York communities from Sept. 16 to Sept. 20, 2024. The initiative, funded by shareholders, aims to create lasting change and strengthen community ties. Volunteers will engage in various activities, including:

• Revitalizing parks and trails
• Discussing clean energy careers in schools
• Supporting food insecurity programs
• Beautifying nonprofit and cultural institutions
• Assisting small businesses and local families

Project C, launched in September 2021, has already made significant impacts, including supporting 183,000 local businesses, creating 1,100 community partnerships, and training 6,000 workers for the clean energy sector. The company aims to achieve 500,000 volunteer hours by 2030 as part of its Responsible Business Charter.