National Grid

National Grid Submits Comprehensive Performance Investment Plan as Part of Rate Review to Build a Smarter, Stronger, Cleaner, and More Equitable Energy Future

Retrieved on: 
Friday, November 17, 2023
Comprehensive Performance Assessment, Safety, National Grid plc, Comment, Investment, Climate, Public, Weather, Increment, DPU, Customer, Highlight, File, National Grid (New Zealand), Commonwealth, National Grid, CPI, Economic development, Public utility, Renewable energy, Video game, Risk management, Health insurance, Electricity

WALTHAM, Mass., Nov. 17, 2023 /PRNewswire/ -- Massachusetts Electric Company and Nantucket Electric Company, which are part of National Grid, filed with the Massachusetts Department of Public Utilities (DPU) a Comprehensive Performance and Investment (CPI) plan, as part of its required Rate Review filing, designed to deliver the fair, affordable and clean energy transition, reinforce the local energy grid, and hold the company accountable to achieving a smarter, stronger, cleaner and more equitable energy future for the 1.3 million customers the company serves across the Commonwealth.

Key Points: 
  • Incremental economic activity across Massachusetts totalling nearly $750 million, supporting more than 6,000 additional full and part time associated jobs.
  • Today's proposal reflects the core investments necessary to strengthen the local electric grid, while holding ourselves accountable to meeting our customers' expectations."
  • As proposed in the CPI plan, National Grid will deliver an energy future that is more equitable, more reliable, and resilient, and improves the overall customer experience, by:
    Supporting Affordability and Equity.
  • If the Future Grid proposal was approved, it would result in an additional $44 million-a-year in revenues over the five-year rate term.

EnergyHub grows client VPPs across North America, breaking resource size and deployment records during the hottest summer ever recorded

Retrieved on: 
Thursday, November 2, 2023
Diamond, Thermostat, Weather, Points of the compass, SVP, Emergency, Market development, Electricity, National Grid, Customer, Public utility, DER, C&I, VPP, Bundesverband der Energie- und Wasserwirtschaft, Alarm.com, Optical disc image, ALRM, ISO, Electric battery, Renewable energy, Electric power

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Record high temperatures this summer, with weeks of heat topping 100 degrees Fahrenheit, drove unprecedented electricity demand across North America. Despite extreme conditions, widespread use of virtual power plants (VPPs) helped keep the grid reliable and customers safe and comfortable.

Key Points: 
  • Despite extreme conditions, widespread use of virtual power plants (VPPs) helped keep the grid reliable and customers safe and comfortable.
  • EnergyHub clients called 1,831 events in 2023, shifting 68 GWh of energy usage out of peak times.
  • That's a 38% increase in resource utilization, accompanied by a 225% increase in load shift in thermostat programs.
  • "VPP-based flexibility is essential to maintaining grid stability," said Erika Diamond, SVP, Head of Customer Solutions at EnergyHub.

Biden-Harris Administration selects National Grid's Twin States Clean Energy Link as part of $1.3 billion commitment to build out nation's transmission infrastructure

Retrieved on: 
Monday, October 30, 2023
TFP, Burial, Climate, Face, Carbon, Electricity, National Grid, City, United States National Grid, Citizens Energy Corporation, Economic development, DOE, Natural gas, Climate change, Renewable energy, Energy

Twin States will deliver clean energy from Canada, including hydropower, to New England to support the region's carbon reduction goals and increase the supply of affordable clean energy.

Key Points: 
  • Twin States will deliver clean energy from Canada, including hydropower, to New England to support the region's carbon reduction goals and increase the supply of affordable clean energy.
  • "We are excited to partner with National Grid on the Twin States Clean Energy Link to help build a greener and more resilient grid," said Citizens Energy President Joseph P. Kennedy III.
  • We appreciate the commitment of President Biden to building out the clean energy grid of the 21st century through supporting projects like Twin States."
  • Visit the Twin States website to learn more: Twin States Clean Energy Link | For a Greener New England Grid .

Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK

Retrieved on: 
Thursday, July 27, 2023
BAM, Eastern Green, Wind, Electricity, National Grid, HVDC, Transport, Electronics, VSC, SSEN, BAM Nuttall, KV, Electric power, Renewable energy

The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.

Key Points: 
  • The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.
  • In appointing Hitachi Energy as their preferred technology provider, SSEN Transmission and National Grid secure best-in-class technology and future production capacity in a rapidly growing market.
  • For Hitachi Energy, this enables investment in new production capacity and to undertake large-scale recruitment drives.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

Copenhagen Infrastructure Partners and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.

Retrieved on: 
Wednesday, October 25, 2023
Copenhagen Infrastructure Partners, Project Labor Agreement, AGR, Bank, NYSE, History, Investment banking, Congress, J. P. Morgan, IRA, Carbon, Wind, Electricity, Commonwealth, National Grid, Kirkland & Ellis, JPMorgan Chase, Bank of America, Wells Fargo, LLP, CIP, Vineyard, Vineyard Wind, Climate change, Renewable energy, Unitil Corporation, Avangrid

The $1.2 billion dollar investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.

Key Points: 
  • The $1.2 billion dollar investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.
  • “Closing on a tax equity package has always been a central element to achieving financial success for the first-of-its-kind Vineyard Wind 1,” said Tim Evans, partner and Head of North America for CIP.
  • “Finalizing this tax equity transaction is a critical milestone in executing the financing plan for Vineyard Wind 1.
  • Vineyard Wind 1 began on-site construction in late 2021, achieved steel-in-the-water in June 2023, and completed the nation’s first offshore substation in July 2023.

Avangrid and Copenhagen Infrastructure Partners Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.

Retrieved on: 
Wednesday, October 25, 2023
Other Energy, Utilities, Oil, Gas, Finance, Public Policy, Government, Alternative Energy, Energy, Professional Services, Other Natural Resources, Environment, Sustainability, Natural Resources, Green Technology, Other Policy Issues, Copenhagen Infrastructure Partners, Project Labor Agreement, AGR, Bank, NYSE, History, Investment banking, Congress, IRA, J. P. Morgan, Carbon, Wind, Electricity, Commonwealth, National Grid, Kirkland & Ellis, Multimedia, JPMorgan Chase, Bank of America, Wells Fargo, LLP, CIP, Vineyard, Inflation Reduction Act of 2022, Inflation, Vineyard Wind, Climate change, Renewable energy, Unitil Corporation, Avangrid

The $1.2 billion investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.

Key Points: 
  • The $1.2 billion investment transaction was reached with J.P. Morgan Chase, Bank of America and Wells Fargo, making it the largest single asset tax equity financing and the first for a commercial scale offshore wind project.
  • View the full release here: https://www.businesswire.com/news/home/20231025424208/en/
    “We are continuing to make history with this first-in-the-nation project,” said Pedro Azagra, Avangrid CEO.
  • “Finalizing this tax equity transaction is a critical milestone in executing the financing plan for Vineyard Wind 1.
  • Vineyard Wind 1 began on site construction in late 2021, achieved steel-in-the-water in June 2023, and completed the nation’s first offshore substation in July 2023.

Community Offshore Wind Awarded NYSERDA Offtake Contract to Develop 1.3 GW of Offshore Wind for New York

Retrieved on: 
Tuesday, October 24, 2023
Cooperative research and development agreement, United Nations Ocean Conference, BOEM, NYISO, United Way, Farm, Parent, State, Workforce, Carbon, Wind, General Electric, Fishery, RWE, Bureau of Ocean Energy Management, National Grid, Research, Bureau, NOAA, MWBE, Growth, GE, National Oceanic and Atmospheric Administration, Partnership, New Yorker, Minority business enterprise, Economic development, European Fusion Development Agreement, Climate change, Investment, Today, NYSERDA, Renewable energy, Gulf of Mexico

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- New York State Governor Kathy Hochul today announced that Community Offshore Wind, a joint venture of RWE and National Grid Ventures, was provisionally awarded a 1.3 gigawatt (GW) offtake contract as part of the state's third solicitation for offshore wind.

Key Points: 
  • NEW YORK, Oct. 24, 2023 /PRNewswire/ -- New York State Governor Kathy Hochul today announced that Community Offshore Wind, a joint venture of RWE and National Grid Ventures, was provisionally awarded a 1.3 gigawatt (GW) offtake contract as part of the state's third solicitation for offshore wind.
  • The project awarded by NYSERDA will interconnect into Brooklyn, New York to deliver new offshore wind capacity.
  • Doug Perkins, President and Project Director of Community Offshore Wind: "Community Offshore Wind will propel New York toward its ambitious climate and clean energy goals, while cementing the state as a hub for the continued development of offshore wind in the Northeast.
  • As part of the offtake award from NYSERDA, Community Offshore Wind will play a significant role in strengthening the domestic supply chain.

National Grid Awarded $50 Million Federal Infrastructure Grant to Integrate More Clean Energy on the Grid

Retrieved on: 
Thursday, October 19, 2023
Upstate, U.S. Department of Energy, Office of Inspector General, Congress, Electricity, Infrastructure Investment and Jobs Act, National Grid, Digital technology, Bundesverband der Energie- und Wasserwirtschaft, National Grid plc, Partnership, New Yorker, Primary energy, GRIP, DOE, U.S. Department of Defense Strategy for Operating in Cyberspace, Investment, Climate change, Renewable energy, Energy

WALTHAM, Mass. and BROOKLYN, N.Y., Oct. 19, 2023 /PRNewswire/ -- National Grid has been awarded a $50 million grant from the U.S. Department of Energy (DOE) for a project that will deploy digital technology to optimize the use of distributed energy resources (DERs) to improve electric system reliability and resilience. The project is ultimately expected to lead to greater development and adoption of decarbonized resources, such as solar and energy storage.

Key Points: 
  • This federal funding opportunity is part of the Infrastructure Investment and Jobs Act enacted in 2021 under the Grid Resilience and Innovative Partnerships (GRIP) Program.
  • The federal funds will supplement a $90 million investment by National Grid.
  • "The Bipartisan Infrastructure & Jobs Law is about to supercharge National Grid's efforts to modernize our electric infrastructure, helping integrate more clean energy, and making our power grid more resilient," said U.S. Sen. Chuck Schumer of New York.
  • Grid enhancing technologies like those provided by the Future Grid Project will support a clean energy grid and reduce the need for expensive traditional grid upgrades."

National Grid and Boston Children's Museum Launch Partnership to Bring STEAM to Afterschool Programs Across Massachusetts

Retrieved on: 
Wednesday, October 18, 2023
STEM, Education, Life, Corporate Affairs, National Grid, Commonwealth, Science, technology, engineering, and mathematics, City, Learning, National Grid for Learning, Student, Partnership, Art, Museum, Parent, Toy, Engineering, Science, STEAM, Boston Children's Museum

BOSTON, Oct. 18, 2023 /PRNewswire-PRWeb/ -- In celebration of Massachusetts STEM week, National Grid is pleased to announce a new three-year community partnership with Boston Children's Museum to create a Science, Technology, Engineering, Art, and Math (STEAM) program for afterschool educators, focused on communities that have been historically underrepresented in the STEM field.

Key Points: 
  • Boston Children's Museum invites children and families to engage in STEAM challenges, use tools, and develop skills every day.
  • Thank you to National Grid and Boston Children's Museum for their continued support of our community."
  • "Boston Children's Museum invites children and families to engage in STEAM challenges, use tools, and develop skills every day.
  • These STEAM activities provide opportunities for hands-on, open-ended explorations that ignite imaginations," said Carole Charnow, President & CEO of Boston Children's Museum.

CALSTART Begins Work on Plan for Zero-Emission Corridor Along Eastern Seaboard

Retrieved on: 
Monday, October 16, 2023
ZEV, Arizona State Route 95, Health, ZEVS, Government, Organization, Transport, China Power Clean Energy Development, Primary energy, MHD, NREL, DOE, National Renewable Energy Laboratory, National Grid plc, Clean Cities Coalition Network, Franey, National Grid, Atmosphere, Rail transport, Renewable energy, Momentum, Atlantic Ocean, I-95

NEW YORK, Oct. 16, 2023 /PRNewswire/ -- CALSTART, a mission-oriented industry nonprofit organization, announced today the launch of a groundbreaking project to guide investment in commercial medium- and heavy-duty (MHD) zero-emission vehicle (ZEV) infrastructure along I-95, one of the nation's most heavily traveled freight routes. The East Coast Commercial ZEV Corridor project will incorporate input from fleet operators, the charging and fueling industry, utilities and communities to determine the most equitable and efficient path forward to support MHD ZEV deployment.

Key Points: 
  • Funded by a $1.2M grant from the Department of Energy, the two-year initiative will define the locations, contributors, and processes that will result in an unprecedented, advanced technology, zero-emission freight corridor up and down the Eastern seaboard.
  • CALSTART has worked for decades with government, vehicle and infrastructure manufacturers, and fleets to put into place revolutionary clean-air regulations and to create the clean transportation industry necessary to meet them.
  • CALSTART will perform their study with support from Momentum, TETC/I-95 Corridor Coalition, National Renewable Energy Laboratory (NREL), Georgetown Climate Center, and Clean Cities Coalitions from each state along the corridor.
  • This roadmap will inform efforts by states, utilities, and the industry leaders to create a seamless truck charging network across the region."