NGG

National Grid Renewables Announces Commercial Operation of 200 MW Prairie Wolf Solar Project in Illinois

Retrieved on: 
Friday, December 17, 2021

MINNEAPOLIS, Dec. 17, 2021 /PRNewswire/ --Today, National Grid Renewables announced the start of commercial operation for its Prairie Wolf Solar Project (Prairie Wolf), located in Coles County, Illinois.

Key Points: 
  • MINNEAPOLIS, Dec. 17, 2021 /PRNewswire/ --Today, National Grid Renewables announced the start of commercial operation for its Prairie Wolf Solar Project (Prairie Wolf), located in Coles County, Illinois.
  • Prairie Wolf utilizes next-generation Series 6 thin film solar modules developed and produced by First Solar, Inc. (Nasdaq: FSLR) and was constructed by SOLV Energy, formerly known as Swinerton Renewable Energy.
  • "With the start of operations at the Prairie Wolf Solar site, National Grid Renewables continues to deliver upon its commitment to repower America with clean, economically beneficial renewable energy," commented David Reamer, Head of Development, US Onshore Renewables for National Grid Renewables.
  • National Grid Renewables, part of the competitive, unregulated 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.

National Grid and Town of Hempstead to Develop One of the First Green Hydrogen Blending Projects in the Country

Retrieved on: 
Wednesday, December 15, 2021

National Grid will expand the existing hydrogen facility, which was developed in 2009 by the Town and the company to provide locally produced green hydrogen for vehicles.

Key Points: 
  • National Grid will expand the existing hydrogen facility, which was developed in 2009 by the Town and the company to provide locally produced green hydrogen for vehicles.
  • The Town of Hempstead and National Grid will now expand the project to blend hydrogen for heating homes and transportation at the same time.
  • This green hydrogen can be safely injected into the National Grid distribution systemas a clean energy source for customers adjacent to the facility.
  • These facilities will be combined, and National Grid will install new equipment that will increase the hydrogen production capacity in the town.

National Grid Renewables Secures $98 Million in Tax Equity Financing from Bank of America for New 200 MW Prairie Wolf Solar Project

Retrieved on: 
Tuesday, December 7, 2021

MINNEAPOLIS, Dec. 7, 2021 /PRNewswire/ -- National Grid Renewables announced today the closing of $98 million in tax equity financing from Bank of America to support its Prairie Wolf Solar Project (Prairie Wolf or the project).

Key Points: 
  • MINNEAPOLIS, Dec. 7, 2021 /PRNewswire/ -- National Grid Renewables announced today the closing of $98 million in tax equity financing from Bank of America to support its Prairie Wolf Solar Project (Prairie Wolf or the project).
  • Prairie Wolf is a 200 megawatt (MW) solar energy project located in the Midcontinent Independent System Operator (MISO) market that began construction earlier this year in Coles County, Illinois.
  • Bank of America is the sole tax equity investor for the project.
  • To learn more about National Grid Renewables, visit www.nationalgridrenewables.com or follow the company on Twitter or LinkedIn .

National Grid Recipient of 2021 ReliabilityOne® Award for Outstanding Suburban and Rural Service Area Utility in Northeast Region

Retrieved on: 
Thursday, November 18, 2021

SYRACUSE, N.Y., Nov. 18, 2021 /PRNewswire/ --National Grid was recognized by PA Consulting as a recipient of the 2021 ReliabilityOne Award for Outstanding Reliability Performance in the Northeast Region Suburban/Rural service area recognizing the very best suburban/rural service area investor owned utilities in the United States.

Key Points: 
  • SYRACUSE, N.Y., Nov. 18, 2021 /PRNewswire/ --National Grid was recognized by PA Consulting as a recipient of the 2021 ReliabilityOne Award for Outstanding Reliability Performance in the Northeast Region Suburban/Rural service area recognizing the very best suburban/rural service area investor owned utilities in the United States.
  • National Grid has safely met or exceeded reliability targets established by New York State Department of Public Service for 13 years running.
  • "We are pleased to name National Grid as an industry leader for delivering outstanding service and restoration efforts while balancing customer needs and optimizing investments."
  • All utilities operating less dense electric delivery networks in North America are eligible for consideration for the Outstanding Reliability Performance in a suburban and rural service area award.

Kevala Partners with National Grid and Exelon Corporation on Total Carbon Accounting Framework

Retrieved on: 
Thursday, November 4, 2021

SAN FRANCISCO, Nov. 4, 2021 /PRNewswire/ -- Kevala Inc. , a nationwide leader in energy data and grid analytics, today announced the release of groundbreaking new carbon accounting research conducted in coordination with leading energy and utility providers National Grid (NYSE:NGG) and Exelon Corporation (Nasdaq: EXC).

Key Points: 
  • SAN FRANCISCO, Nov. 4, 2021 /PRNewswire/ -- Kevala Inc. , a nationwide leader in energy data and grid analytics, today announced the release of groundbreaking new carbon accounting research conducted in coordination with leading energy and utility providers National Grid (NYSE:NGG) and Exelon Corporation (Nasdaq: EXC).
  • "Our innovative framework for carbon accounting will fundamentally redefine how governments, regulators, corporations, and individuals invest in and achieve emissions reductions across the grid.
  • To view Kevala, National Grid, and Exelon Corporation's "Total Carbon Accounting: A Framework to Deliver Localized Carbon Intensity Data" White Paper, click here .
  • About National Grid: National Grid (NYSE:NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through networks inNew York,Massachusetts,andRhode Island.

National Grid Connects Renewables, Installs EV Charging Ports, as Part of Comprehensive Effort to Reduce Emissions

Retrieved on: 
Thursday, November 4, 2021

The details were documented in the first annual National Grid Net Zero Plan Update report issued today.

Key Points: 
  • The details were documented in the first annual National Grid Net Zero Plan Update report issued today.
  • Major highlights include plans to collaborate on the buildout of transmission lines that will connect 1,000 megawatts of clean energy to the New York grid.
  • "In just one year since the launch of our Net Zero Plan, we have rolled up our sleeves and made real progress on cutting emissions," said Badar Khan, President, National Grid, US.
  • National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

National Grid Renewables Hosts Celebration Event at Noble Solar and Storage Project

Retrieved on: 
Thursday, October 28, 2021

In attendance were executives from National Grid Renewables and two of the solar project's previously announced power purchasers, The Hershey Company and NRG Energy.

Key Points: 
  • In attendance were executives from National Grid Renewables and two of the solar project's previously announced power purchasers, The Hershey Company and NRG Energy.
  • "Not only will the Noble Project benefit our environment, but it will also benefit our economy," commented Blake Nixon, President for National Grid Renewables.
  • "We are excited for the opportunity to partner with National Grid Renewables on the Noble project.
  • National Grid Renewables, part of the competitive, unregulated 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 battery storage.

National Grid Partners Driving Clean Energy Future with $24 Million in New Startup Investments

Retrieved on: 
Thursday, October 28, 2021

New investments support National Grid goals of digitalization, decentralization, decarbonization

Key Points: 
  • New investments support National Grid goals of digitalization, decentralization, decarbonization
    One of the largest energy companies in the world, National Grid (LSE:NG) (NYSE: NGG) operates the electric and natural gas infrastructure that serves 80 million customers in Great Britain and the U.S.
  • Against that backdrop, National Grid Partners (NGP) today announced a new slate of investments in startups at the intersection of energy and emerging technology.
  • "As we mark our third anniversary, we're proud to invest in companies that support National Grid's goals of digitalization, decentralization and decarbonization," said Lisa Lambert, Chief Technology and Innovation Officer of National Grid and the Founder and President of National Grid Partners.
  • National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the world's largest investor-owned energy companies.NGP invests for strategic and financial impact and leads companywide disruptive innovation efforts.

National Grid Partners Driving Clean Energy Future with $24 Million in New Startup Investments

Retrieved on: 
Thursday, October 28, 2021

LOS GATOS, Calif., Oct. 28, 2021 /PRNewswire/ --

Key Points: 
  • But even as it works to deliver cleaner, safer and more affordable energy today, the company is investing heavily in transformational technologies to help the planet achieve a net-zero energy future.
  • Against that backdrop, National Grid Partners (NGP) today announced a new slate of investments in startups at the intersection of energy and emerging technology.
  • "As we mark our third anniversary, we're proud to invest in companies that support National Grid's goals of digitalization, decentralization and decarbonization," said Lisa Lambert, Chief Technology and Innovation Officer of National Grid and the Founder and President of National Grid Partners.
  • National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the world's largest investor-owned energy companies.NGP invests for strategic and financial impact and leads companywide disruptive innovation efforts.

Cogniac Raises $20 Million in Series B1 Financing to Drive Global Expansion

Retrieved on: 
Wednesday, October 27, 2021

SAN JOSE, Calif., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Cogniac Corporation ("Cogniac" or "the Company"), a San Jose, California-based provider of enterprise-class Artificial Intelligence (AI) image and video analysis, today announced it has completed a $20 million Series B1 financing round.

Key Points: 
  • Cogniac's AI vision platform operates effectively at enterprise scale for many major brands, including Trimac Transportation and Doosan Bobcat North America.
  • Cogniac will also ramp up R&D efforts to strengthen and solidify its unique and innovative approach to AI vision implementation, data storage, and human-AI interactivity.
  • "We're at a key inflection point for AI vision adoption in the industrial and manufacturing sectors," said Chuck Myers, CEO of Cogniac.
  • Cogniac enables businesses to realize superhuman levels of accuracy and efficiency in complex environments, from manufacturing to industrial, government to marine.