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.
Niagara Mohawk Power Corp., an indirect subsidiary of National Grid, announced preferred stock dividends for the period from Sept. 1, 2021, to Dec. 31, 2021. The rates are set at 0.85% for the 3.40% Series, 0.90% for the 3.60% Series, and 0.975% for the 3.90% Series, all based on a $100 par value. Dividends will be payable on Dec. 31, 2021, to holders of record as of Dec. 17, 2021. National Grid serves approximately 1.6 million electricity and 565,000 natural gas customers in upstate New York.
Kevala Inc., a leader in energy data analytics, has partnered with National Grid (NYSE: NGG) and Exelon Corporation (Nasdaq: EXC) to release a White Paper on a new carbon accounting framework. The 'Total Carbon Accounting' (TCA) method aims to enhance the precision of carbon intensity data for grid electricity, allowing better evaluations for decarbonization efforts. This innovative approach is currently being piloted by major utilities in North America and Europe. Kevala recently secured $21 million in Series A funding to further develop its platform and services.
National Grid has released its first annual update on its Net Zero Plan, showcasing significant progress in energy efficiency, clean energy integration, and carbon emissions reduction. Key actions include collaborating on the buildout of transmission lines for 1,000 megawatts of clean energy and installing 3,283 EV charging ports across New York, Massachusetts, and Rhode Island. The company aims to decarbonize its gas network and enhance renewable energy integration, while reducing direct emissions by 71% since 1990. National Grid remains committed to providing annual updates on its sustainability initiatives.
National Grid Renewables celebrated the Noble Solar and Storage Project during the inaugural American Clean Power Week in Denton County, Texas. The project, with a capacity of 275 megawatts (MW) of solar power and 125 MW of battery storage, aims to offset 450,000 metric tons of CO2 annually. An estimated $30 million in tax revenue is expected for Denton County over 20 years, alongside local job creation and community support. Key partners include The Hershey Company and NRG Energy, ensuring a sustainable energy future.
National Grid Partners has announced an investment of $24 million in six startups aiming to enhance energy technology, coinciding with its role as a principal partner at the COP26 climate conference. The funding supports National Grid's goals of digitalization, decentralization, and decarbonization. Notable investments include AptEdge and Cogniac, focusing on AI-powered solutions for energy sectors. Since its inception in 2018, National Grid Partners has invested $290 million in 35 startups, achieving four exits, including the recent IPO of Copperleaf Technologies.
An electric school bus in Beverly, Massachusetts has successfully delivered power back to the grid for over 50 hours this summer. This initiative, led by National Grid (NYSE:NGG) in collaboration with Highland Electric Fleets, marks a significant milestone as the first instance of an electric school bus supporting the electricity grid via V2G technology in New England and one of the first in the U.S. The bus discharged nearly three megawatt-hours of stored electricity during 30 peak demand events, contributing to local energy efficiency and reducing reliance on fossil fuels.
National Grid and Hitachi ABB Power Grids released a study on Sept. 15, 2021, emphasizing the need for strategic planning to support the electrification of large fleet vehicles, including buses and delivery trucks. The study highlights how electrification can significantly reduce greenhouse gas emissions and local pollution. It recommends collaboration among utilities, fleet operators, and governments to address the charging demands of electric medium- and heavy-duty vehicles (MHDVs). Key findings reveal potential grid overloads without necessary upgrades to accommodate this shift.
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