National Grid Stock Price, News & Analysis

Nexamp and National Grid are collaborating on a solar + storage facility at the Coffeen substation in Watertown, New York. This project utilizes a Non-Wires Alternative (NWA) approach to meet increased energy demand while avoiding costly infrastructure upgrades. The facility will feature over 20,000 solar panels capable of generating 8.4 megawatts (MW) and 10 Tesla Megapacks for 31 megawatt hours (MWh) of storage. It aims to provide renewable energy savings for over 1,000 local residents through Nexamp's Community Solar program.

Niagara Mohawk Power Corp., a subsidiary of National Grid, has declared preferred stock dividends for the period July 1, 2022, to September 30, 2022. The dividends 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, payable on September 30, 2022. Record date for these payments is September 16, 2022. The company serves approximately 1.6 million electricity and 565,000 natural gas customers in upstate New York.

National Grid has identified significant stocks of renewable natural gas (RNG) and hydrogen available for customers in Massachusetts and New York through its innovative Northeast clean energy request for information (RFI). Over 33 trillion BTUs (TBtus) are projected to be available in three years, surpassing the 15 TBtus needed by 2025. RNG and hydrogen are vital to National Grid's strategy for a fossil-free gas network. The commitment aligns with the goal of significantly reducing greenhouse gas emissions across various sectors.

National Grid Renewables held a community celebration on July 13, 2022, at the Prairie Wolf Solar Project in Coles County, Illinois. During the event, they announced a donation of approximately $720,000 to the Kansas School District over the next 20 years, funded by the Prairie Wolf Education Fund. The 200 MW solar project, operational since December 2021, is projected to prevent 285,000 metric tons of CO2 emissions annually and contribute $16 million in tax revenue over 20 years. The project employed 250 workers during construction and currently has 5 maintenance staff.

National Grid expressed its support for the EPA's role in regulating greenhouse gas emissions, even while disagreeing with a recent Supreme Court ruling on the matter.National Grid emphasizes its commitment to reducing emissions and promoting clean energy solutions alongside local, state, and federal partners. The company serves over 20 million people in New York and Massachusetts and is dedicated to transforming energy delivery towards a cleaner future.

National Grid has announced a new scholarship program aimed at enhancing diversity in engineering within Massachusetts and New York. Starting with the 2022-2023 academic year, six students will receive a scholarship of $10,000 annually along with paid summer internships for up to four years. The program is open to high school seniors and college undergraduates from low-income households who maintain a GPA above 3.0. Applications are accepted until June 30, 2022, with administration by Scholarship America.