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.
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.
National Grid announced a $75 billion investment plan across its UK and US service territories over the next five years, with $35 billion dedicated to energy system improvements in Massachusetts and New York. This represents a 60% increase compared to the last five years. The investment aims to enhance grid reliability, reduce emissions, and meet decarbonization targets. In New York, $21 billion will be allocated to projects like the Upstate Upgrade, comprising over 70 transmission enhancement projects. In New England, $14 billion will be directed towards grid modernization and smart meters. The initiative is expected to support 127,000 jobs and significantly contribute to economic growth.
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