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Stock impact report

National Grid Partners Surpasses $500M Invested to Lead the Energy Future [Yahoo! Finance]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Yahoo! Finance
MENLO PARK, Calif. Dec. 19, 2024 /PRNewswire/ -- National Grid Partners , the corporate venture capital and innovation arm of one of the world's largest utilities, has surpassed $500 million deployed since its 2018 founding to improve the aging power grid and accelerate the utility industry into the next era. The group also reported that nearly 80% of its portfolio companies have strategically engaged with National Grid's businesses units, validating its mission to bring startup innovation to utility scale. (PRNewsfoto/National Grid Partners) "Utilities face a new era of operational challenges–from the electrification of everything and the integration of low-cost renewables to the widespread deployment of artificial intelligence," said Steve Smith , president of National Grid Partners and chief strategy and regulation officer at National Grid. "We've built National Grid Partners to not only fund the most promising startups addressing these challenges, but also to make a real impa Show less Read more
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