National Grid plc

Franklin Energy Awarded Implementation Contract for National Grid E-Commerce Marketplace

Retrieved on:

Monday, July 18, 2022

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PORT WASHINGTON, Wis., July 18, 2022 /PRNewswire-PRWeb/ -- Franklin Energy, a leading provider of end-to-end energy management solutions, announced today that they have been selected to implement National Grid's online marketplace, an enhanced e-commerce solution that enables customer engagement throughout the purchase process of products, services, and projects related to energy efficiency, demand response, and electrification programs.

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Through enhanced product selection and customer engagement features, Franklin Energy will provide technology and expertise for a seamless customer experience through National Grid's e-commerce marketplace.
"We worked closely with National Grid on the design of this customized, scalable marketplace to meet their unique needs, and we are excited to bring our experience and support to their customers," said Danielle Marquis, Franklin Energy Vice President of Solution Management.
"Franklin Energy and National Grid share a combined vision of delivering smarter, more resilient and affordable energy solutions to customers," said Marisa Uchin, Chief Strategy and Growth Officer of Franklin Energy.
Franklin Energy delivers end-to-end sustainable energy management solutions through a portfolio of intelligent products and services that lowers costs, reduces carbon and waste, and grows stronger communities and local economies.

National Grid Renewables Hosts Charitable Stuff-the-Bus Event at 200 MW Prairie Wolf Solar Project

Retrieved on:

Friday, July 15, 2022

MINNEAPOLIS, July 15, 2022 /PRNewswire/ -- Alongside community members, project customers and partners, National Grid Renewables hosted a community celebration and Stuff-the-Bus event on July 13, 2022 at the Prairie Wolf Solar Project (Prairie Wolf) in Coles County, Illinois. The event celebrated the 200 megawatt (MW) project and the social and economic benefits it provides the local community and school district.

Key Points:

MINNEAPOLIS, July 15, 2022 /PRNewswire/ -- Alongside community members, project customers and partners, National Grid Renewables hosted a community celebration and Stuff-the-Bus event on July 13, 2022 at the Prairie Wolf Solar Project (Prairie Wolf) in Coles County, Illinois.
The Prairie Wolf Education Fund is just one example of how National Grid Renewables prioritizes charitable giving and often implements charitable funds for the projects it owns and operates to benefit local community members.
"The Prairie Wolf Solar Project demonstrates National Grid Renewables' commitment to invest in the American economy, give back to local communities, and help build a more sustainable, clean energy future," stated Blake Nixon, President of National Grid Renewables.
National Grid Renewables, part of the National Grid Ventures division of National Grid (NYSE: NGG), develops, owns and operates large-scale renewable energy assets across the United States, including solar, wind and energy storage.

Cyolo Raises $60 Million in Series B Financing to Meet the Rising Demand for Smarter, Faster and More Reliable Access to Digital Assets

Retrieved on:

Tuesday, June 28, 2022

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This brings Cyolos total funding to $85 million, including a Series A round completed in 2021.

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This brings Cyolos total funding to $85 million, including a Series A round completed in 2021.
Recent years have witnessed a skyrocketing demand for data, and VPNs and other legacy tools have proven unable to satisfy organizational needs.
Enterprises today require a more secure and efficient way to connect people to the distributed resources their work depends on.
When I couldnt find a solution to meet my needs, I set out to create one, said Cyolo co-founder and CEO Almog Apirion.

Moody's upgrades PPL credit rating following company's strategic repositioning and acquisition of The Narragansett Electric Company

Retrieved on:

Tuesday, June 7, 2022

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ALLENTOWN, Pa., June 7, 2022 /PRNewswire/ -- Moody's Investors Service on Monday upgraded the investment-grade credit ratings of PPL Corporation (NYSE: PPL) and PPL Capital Funding, Inc., following PPL's recent acquisition of The Narragansett Electric Company, which is now doing business as Rhode Island Energy.

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The national credit rating service upgraded the ratings of PPL, including its issuer rating, and PPL Capital Funding, including its senior unsecured rating, to Baa1 from Baa2.
Moody's also upgraded Narragansett Electric's senior unsecured and issuer ratings to A3 from Baa1 and preferred stock securities rating to Baa2 from Baa3.
"These ratings upgrades reflect the improved financial strength of the new PPL following the sale of our U.K. utility business in 2021 and our recent acquisition of Narragansett Electric," said PPL President and Chief Executive Officer Vincent Sorgi.
In announcing its upgrades to PPL and PPL Capital Funding, Moody's cited PPL's improved overall business risk profile and credit supportive regulatory environments as contributing factors.

National Grid Launches Scholarship to Aid Diverse Engineering Students in MA and NY

Retrieved on:

Tuesday, June 7, 2022

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WALTHAM, Mass. and BROOKLYN, N.Y., June 7, 2022 /PRNewswire/ -- National Grid today announced the launch of a scholarship program aimed at increasing diversity in engineering across Massachusetts and New York. The Company will begin accepting applications today and will select six candidates for the 2022-2023 academic year to each receive a $10,000 scholarship and a paid summer internship in National Grid's Massachusetts or New York business. Scholarship and internship recipients who continue to meet the program's criteria may continue receiving these benefits for up to four years.

Key Points:

and BROOKLYN, N.Y., June 7, 2022 /PRNewswire/ -- National Grid today announced the launch of a scholarship program aimed at increasing diversity in engineering across Massachusetts and New York.
Core to National Grid is the Company's Responsible Business Charter and an explicit commitment to forging a truly diverse, equitable and inclusive talent pool.
National Grid Engineering Scholarship Program Criteria:
There is no requirement for the scholarship students to apply for or accept a position at National Grid, post-graduation
The deadline for applications is June 30, 2022.
National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision .

AM Best Downgrades Credit Ratings of National Grid Insurance Company (Isle of Man) Limited

Retrieved on:

Wednesday, June 1, 2022

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For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Key Points:

For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

PPL joins EPRI Climate READi initiative to address power system resilience and adaptation

Retrieved on:

Wednesday, June 1, 2022

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ALLENTOWN, Pa., June 1, 2022 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced it has joined Climate READi, a three-year initiative launched by the Electric Power Research Institute (EPRI) to address energy system climate resilience and adaptation as extreme weather events continue to increase.

Key Points:

ALLENTOWN, Pa., June 1, 2022 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced it has joined Climate READi, a three-year initiative launched by the Electric Power Research Institute (EPRI) to address energy system climate resilience and adaptation as extreme weather events continue to increase.
"Joining EPRI's Climate READi Initiative will help us build on these efforts in Pennsylvania, Kentucky and now Rhode Island by providing valuable insights into future climate impacts, rather than relying on historical data.
This climate modeling will help inform our adaptation, hardening and resilience investments to deliver long-term reliability for our customers."
Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.

National Grid Expands Residential Off-Peak EV Charging Rebate Program in Massachusetts with cleantech software provider, ev.energy

Retrieved on:

Wednesday, June 1, 2022

PALO ALTO, Calif. and WALTHAM, Mass., June 1, 2022 /PRNewswire/ -- National Grid is expanding its Off-Peak Charging Rebate Program in Massachusetts with ev.energy, a global provider of managed electric vehicle (EV) charging software.

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PALO ALTO, Calif. and WALTHAM, Mass., June 1, 2022 /PRNewswire/ -- National Grid is expanding its Off-Peak Charging Rebate Program in Massachusetts with ev.energy, a global provider of managed electric vehicle (EV) charging software.
The Charge Smart MA app allows National Grid customers to log in using their National Grid billing account so that any rebates earned are credited straight back onto their electric bill.
"Even better, charging off-peak with National Grid means that EV drivers are supporting grid stability and using lower-carbon energy."
"The MA EV Off-Peak Charging Program helps EV drivers reduce the cost of charging their EVs and improving the resiliency of the electric grid," said Helen Burt, Chief Customer Officer for National Grid.

Convergent Energy + Power Partners with National Grid

Retrieved on:

Tuesday, May 24, 2022

NEW YORK, May 24, 2022 /PRNewswire/ -- Convergent Energy + Power, a leading provider of energy storage solutions in North America, and National Grid, an electricity, natural gas, and clean energy delivery company serving more than 20 million people throughout New York and New England, today announced the completion of one of the first solar-plus-storage systems providing a non-wires-alternative (NWA). The system, designed, constructed, and operated by Convergent, will deliver more cost-effective, reliable, and sustainable electricity to National Grid customers in Cicero, New York, while leveraging solar energy during nonpeak periods.

Key Points:

During off-peak days, Convergent will participate in the market to provide clean energy for National Grid customers.
"Convergent Energy + Power continues to move the energy storage sectorand clean energy transitionforward to address the increasing needs of our customers."
We look forward to working with Convergent Energy + Power and National Grid to see that this solar-plus-storage project delivers clean, affordable solar energy to central New York customers for years to come."
Convergent Energy + Power (Convergent) is a leading provider of energy storage solutions in North America.

Rhode Island Superior Court clears the way for PPL's acquisition of Narragansett Electric following PPL settlement agreement with Rhode Island attorney general

Retrieved on:

Monday, May 23, 2022

ALLENTOWN, Pa., May 23, 2022 /PRNewswire/ -- The Rhode Island Superior Court today cleared the way for PPL Corporation (NYSE: PPL) to acquire The Narragansett Electric Company from National Grid USA following a settlement agreement between PPL and the Rhode Island attorney general's office.

Key Points:

ALLENTOWN, Pa., May 23, 2022 /PRNewswire/ -- The Rhode Island Superior Court today cleared the way for PPL Corporation (NYSE: PPL) to acquire The Narragansett Electric Company from National Grid USA following a settlement agreement between PPL and the Rhode Island attorney general's office.
The Superior Court issued orders dismissing the attorney general's appeal of an earlier order from the Rhode Island Division of Public Utilities and Carriers approving the acquisition and lifting the court's stay of the approval order.
As part of PPL's settlement agreement with the attorney general, PPL has agreed to:
Provide $50 million in bill credits to Narragansett Electric customers, both gas and electric.
Forgo the potential recovery of transition costs associated with the acquisition and integration of Narragansett Electric, which PPL had already capped in its prior commitments.