
Investments
10Portfolio Exits
3Funds
1Partners & Customers
10Service Providers
3About National Grid
National Grid (LSE: NG; NYSE: NGG) is an electricity and gas company that connects consumers to energy sources through its networks. It provides sustainable energy solutions for the future and develops an energy system including electricity interconnectors, multi-purpose interconnectors, renewable energy, offshore wind, competitive transmission, future developments, and grain LNG. The company was founded in 1990 and is based in Warwick, U.K.

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CB Insights Intelligence Analysts have mentioned National Grid in 9 CB Insights research briefs, most recently on Dec 9, 2022.





Latest National Grid News
Jan 27, 2023
January 27, 2023 ©Ian Dyball/AdobeStock A joint venture between RWE Renewables and National Grid called Community Wind has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to provide New York State with electricity from 1.3 GW of offshore wind capacity to power nearly 500,000 homes. The bid submission was in response to the State's third competitive offshore wind solicitation, adding to the joint venture's current portfolio of five offshore wind projects. NYSERDA is expected to announce the winning clean energy suppliers in early spring 2023. Community Winds' bid includes creating over 4,600 good-paying jobs through the year 2033, across the supply chain in New York, prioritizing those from disadvantaged communities, local companies, and the union workforce. Further, it said it would deliver over $3 billion in economic benefits to New York, with the project supporting the state in reaching its goal of directing 40 percent of the overall benefits of clean energy spending to disadvantaged communities. The joint venture further said it would collaborate with General Electric (GE) to deliver "a nation-leading opportunity to localize both blade and nacelle facilities." It said it would bring steel fabrication and processing to Orange County, and create union jobs and exceed the solicitation's target for US steel. The consortium also plans to invest a Staten Island port facility for staging and assembly of wind turbines, "which will contribute to good-paying jobs in the borough." Furthermore, Community Winds said it woud develop a $100 million package of economic development and workforce programs designed to favor disadvantaged communities, New York Minority and Women-Owned Business Enterprises (MWBE) and Service-Disabled Veteran-Owned Small Business (SDVOB) businesses. The joint venture has also committed to supporting parents who are working in and training for offshore wind careers with $10 million in childcare services, in partnership with United Way of New York State, as well as investing in a just energy transition at National Grid's E.F. Barrett Clean Energy Center on Long Island, including energy storage and an ambitious opportunity to support the community by retraining existing, local workers for clean energy jobs. Subject to NYSERDA's final selections, and once in operation, Community Offshore Wind expects the project will reduce New York 's electricity system-related carbon emissions by about 5 percent and contribute significantly to the State's target of reaching zero-emission electricity by 2040 and 9,000 MW of offshore wind by 2035. This is equal to mitigating emissions of up to 700,000 homes annually. In February 2022, Community Offshore Wind was successful in acquiring its lease area (roughly 126,000 acres) in the New York Bight, the area between Long Island and New Jersey, with a potential capacity of 3 GW of offshore wind.
National Grid Investments
10 Investments
National Grid has made 10 investments. Their latest investment was in Citizens Advice as part of their Grant on November 11, 2022.

National Grid Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/1/2022 | Grant | Citizens Advice | $11.44M | Yes | 1 | |
11/1/2022 | Grant | Affordable Warmth Solutions | $11.44M | Yes | 1 | |
11/1/2022 | Grant - II | The Fuel Bank Foundation | $11.44M | No | 1 | |
6/30/2021 | Grant | |||||
2/17/2017 | Series B |
Date | 11/1/2022 | 11/1/2022 | 11/1/2022 | 6/30/2021 | 2/17/2017 |
---|---|---|---|---|---|
Round | Grant | Grant | Grant - II | Grant | Series B |
Company | Citizens Advice | Affordable Warmth Solutions | The Fuel Bank Foundation | ||
Amount | $11.44M | $11.44M | $11.44M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 1 |
National Grid Portfolio Exits
3 Portfolio Exits
National Grid has 3 portfolio exits. Their latest portfolio exit was ENBALA Power Networks on October 05, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/5/2020 | Acquired | 1 | |||
Date | 10/5/2020 | ||
---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 1 |
National Grid Acquisitions
8 Acquisitions
National Grid acquired 8 companies. Their latest acquisition was Western Power Distribution on March 18, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
3/18/2021 | Acquired | 18 | ||||
3/7/2019 | Other | |||||
8/25/2007 | ||||||
2/17/2006 | ||||||
8/26/2004 |
Date | 3/18/2021 | 3/7/2019 | 8/25/2007 | 2/17/2006 | 8/26/2004 |
---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 18 |
National Grid Fund History
1 Fund History
National Grid has 1 fund, including National Grid Energy Support Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/1/2022 | National Grid Energy Support Fund I | $58M | 2 |
Closing Date | 11/1/2022 |
---|---|
Fund | National Grid Energy Support Fund I |
Fund Type | |
Status | |
Amount | $58M |
Sources | 2 |
National Grid Partners & Customers
10 Partners and customers
National Grid has 10 strategic partners and customers. National Grid recently partnered with EXFO on January 1, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/17/2023 | Vendor | Canada | UK National Grid Selects EXFO for Innovative Fiber Health Monitoring Pilot Project EXFO , the communications industry 's test , monitoring and analytics experts announced that National Grid , one of the world 's largest publicly-listed utilities focused on transmission and distribution of electricity and gas , has selected EXFO for an innovation pilot project to provide monitoring for its ongoing fiber network health assessment in the UK , supporting the UK 's goal of becoming net-zero by 2050 . | 2 | |
1/5/2023 | Vendor | United States | Burns & McDonnell Awarded Third National Grid Contract. `` I 'm delighted that Burns & McDonnell has been awarded this contract with National Grid , which reflects the strong partnership we have in the U.K. | 1 | |
12/5/2022 | Vendor | United Kingdom | Piclo and National Grid launch new marketplace for flexibility services in New York state National Grid collaborates with Piclo to deliver new flexibility marketplace in New York state . | 1 | |
11/17/2022 | Partner | ||||
11/14/2022 | Partner |
Date | 1/17/2023 | 1/5/2023 | 12/5/2022 | 11/17/2022 | 11/14/2022 |
---|---|---|---|---|---|
Type | Vendor | Vendor | Vendor | Partner | Partner |
Business Partner | |||||
Country | Canada | United States | United Kingdom | ||
News Snippet | UK National Grid Selects EXFO for Innovative Fiber Health Monitoring Pilot Project EXFO , the communications industry 's test , monitoring and analytics experts announced that National Grid , one of the world 's largest publicly-listed utilities focused on transmission and distribution of electricity and gas , has selected EXFO for an innovation pilot project to provide monitoring for its ongoing fiber network health assessment in the UK , supporting the UK 's goal of becoming net-zero by 2050 . | Burns & McDonnell Awarded Third National Grid Contract. `` I 'm delighted that Burns & McDonnell has been awarded this contract with National Grid , which reflects the strong partnership we have in the U.K. | Piclo and National Grid launch new marketplace for flexibility services in New York state National Grid collaborates with Piclo to deliver new flexibility marketplace in New York state . | ||
Sources | 2 | 1 | 1 |
National Grid Service Providers
6 Service Providers
National Grid has 6 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired | Investment Bank | Joint Financial Advisor | |
Service Provider | |||
---|---|---|---|
Associated Rounds | Acquired | ||
Provider Type | Investment Bank | ||
Service Type | Joint Financial Advisor |
Partnership data by VentureSource
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