STOCK TITAN

National Grid Attends White House Electrification Summit

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On December 15, 2022, National Grid's New York President, Rudy Wynter, participated in the White House Electrification Summit. The summit focused on how electrification can support U.S. climate and equity objectives. Wynter emphasized the utility's role in creating a cleaner energy future through strategic infrastructure planning. National Grid is committed to reaching net zero emissions by 2050 and is implementing technologies to modernize the electric grid, improve reliability, and enhance customer interaction with energy use via advanced metering infrastructure.

Positive
  • Participation in the White House Electrification Summit highlights National Grid's leadership in energy transformation.
  • Commitment to achieving net zero emissions by 2050 underscores long-term sustainability goals.
  • Implementation of Dynamic Line Rating in Upstate New York aims to enhance renewable energy delivery and comply with climate objectives.
  • 30% improvement in reliability noted from distribution feeder installations in Massachusetts indicates operational effectiveness.
Negative
  • None.

BROOKLYN, N.Y., Dec. 15, 2022 /PRNewswire/ -- National Grid's New York President, Rudy Wynter, was among a select group of energy leaders invited to participate in the White House Electrification Summit this week. The summit convened experts from the private and public sectors to explore how electrification can help the United States meet its climate and equity goals.

"Utilities have an essential role to play in the transition to a cleaner, more fair and affordable energy future," said Wynter. "As I shared at the White House, when it comes to the grid, there is a fine line between right on time and too late. At National Grid, we're pushing the industry forward by engaging in long-term, holistic infrastructure planning so that our networks are ready to meet every customer need, now and in the future."

At the White House summit, National Grid joined the Electric Grid and Systems Innovation panel and discussed the company's strategic response to the changing energy landscape and the introduction of emerging technologies to modernize the electric grid into a more customer-centric, resilient, responsive, efficient, and environmentally sound energy network.

National Grid is committed to ensuring its networks are enabling the clean energy transition and its goals of reaching net zero by 2050, if not sooner.

Modernizing the Electric Grid in the Northeast

In October, National Grid announced a new Dynamic Line Rating deployment in Upstate New York to operate transmission lines in real-time and help meet New York's climate goals. The project, deployed on 115kV lines, is expected to reduce curtailments of renewable generation and increase delivery capacity on transmission lines.

The company is also exploring how Fault Location Isolation and Service Restoration can make it possible for restoration crews to quickly identify and isolate faults to reduce impact to the grid and customers during power outages. National Grid has seen a 30% improvement in reliability from distribution feeder installations implemented in Massachusetts.

Finally, by investing in advanced metering infrastructure, National Grid is transforming the way its customers connect and interact with their energy usage. With access to near-real-time usage data, customers are empowered to manage energy use, costs, and integrate smart-home devices to optimize energy consumption.

About National Grid

About National Grid: National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. 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.

For more information, please visit our website, follow us on Twitterwatch us on YouTube, like us on Facebook and find our photos on Instagram

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/national-grid-attends-white-house-electrification-summit-301704595.html

SOURCE National Grid

FAQ

What was the purpose of National Grid's participation in the White House Electrification Summit?

National Grid's participation aimed to discuss the role of electrification in supporting U.S. climate and equity goals.

What are National Grid's goals regarding emissions?

National Grid aims to achieve net zero emissions by 2050.

What technology is National Grid deploying in Upstate New York?

National Grid is deploying Dynamic Line Rating to enhance the operation of transmission lines.

How much has National Grid improved its reliability in Massachusetts?

National Grid has noted a 30% improvement in reliability from distribution feeder installations in Massachusetts.

National Grid PLC

NYSE:NGG

NGG Rankings

NGG Latest News

NGG Stock Data

61.14B
4.89B
0.01%
4.44%
0.09%
Utilities - Regulated Electric
Utilities
Link
United States of America
London