Welcome to our dedicated page for National Grid news (Ticker: NGG), a resource for investors and traders seeking the latest updates and insights on National Grid stock.
National Grid plc (NYSE: NGG), a leading multinational energy utility operating critical infrastructure across the UK and Northeastern United States, maintains this dedicated news hub for stakeholders. Access authoritative updates on strategic developments, regulatory compliance, and infrastructure investments that shape the company's role in electricity transmission and gas distribution networks.
This resource consolidates official press releases, financial disclosures, and operational announcements, providing investors with timely insights into earnings reports, grid modernization initiatives, and sustainability programs. Key coverage areas include transmission system upgrades, renewable energy integration projects, and regulatory filings impacting service territories in New York, Massachusetts, and Rhode Island.
Bookmark this page for direct access to National Grid's latest partnership announcements, emergency response updates, and community engagement initiatives. Regular visitors gain strategic perspective on how the company balances infrastructure reliability with clean energy transition goals across its multinational operations.
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.
National Grid has announced Sally Librera as the new President of its New York business, effective September 2024. Librera, currently Senior Vice President at AECOM, brings extensive experience in large-scale operations and infrastructure projects. She will join the Group Executive Committee, reporting directly to CEO John Pettigrew.
National Grid plans to invest an estimated $21 billion across its New York service territory over the next five years. Librera's appointment is expected to strengthen the company's leadership in the energy transition and advance its net zero ambitions while delivering safe, reliable, and affordable energy to New York customers.
Librera will succeed Rudy Wynter, who is leaving National Grid after 36 years of service. Wynter led the New York Business Unit through significant growth and strong performance during his tenure.
Community Offshore Wind and the Brooklyn Public Library (BPL) have partnered to distribute 3,200 STEM-focused books to families in the Red Hook and Farragut Houses in Brooklyn. The initiative began on May 4, 2024, and will continue at various community events in the coming weeks. This effort aims to enhance STEM education access in disadvantaged communities, fostering a future workforce adept in clean energy fields. Families can collect book bundles from the BPL Bookmobile at scheduled dates and locations. Community Offshore Wind has a history of engaging New York communities through initiatives like field trips, swim lessons, coat donations, and food distributions.
Leaders from both organizations, including Community Offshore Wind President Doug Perkins and BPL CEO Linda E. Johnson, emphasize the positive impact of home libraries on educational outcomes. This partnership addresses the longstanding barrier of resource access in disadvantaged areas. By providing books on renewable energy, engineering, and inspiring scientist biographies, the project aims to spark a lifelong interest in STEM among young residents, paving the way for educational and career success.
National Grid announced a $35 billion investment in New York and Massachusetts as part of a larger $75 billion plan to improve the energy infrastructure in the UK and US over the next five years. This move will enhance the transmission networks and support the states' decarbonization goals, fostering economic growth and job creation.
The company aims to build a cleaner and more reliable energy grid, with $21 billion allocated to New York and $14 billion to New England. Projects include transmission enhancements, smart meters, and gas main replacements. The initiative is expected to boost grid resilience and accommodate increasing electric demand while promoting renewable energy adoption.
National Grid's efforts will support 127,000 jobs and significantly reduce emissions, with specific targets for gas main replacements in New York City and Long Island.
National Grid's New York President, Rudy Wynter, has been appointed to the inaugural board of directors for the Foundation for Energy Security and Innovation (FESI), the U.S. Department of Energy's (DOE) first agency-related foundation. FESI, authorized by the 2022 CHIPS and Science Act, aims to accelerate the commercialization of energy technologies through public-private partnerships and investments. The board, comprising top leaders in energy, will set priorities, make key hires, establish governance, and fundraise for FESI’s initiatives. The foundation’s goal is to support transformative technological solutions to energy and environmental challenges, contributing to America's energy security and the Biden-Harris Administration's clean energy targets.
