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National Grid plc (NYSE: NGG) is a British multinational electricity and gas utility company headquartered in London, England. The company focuses on the transmission and distribution of electricity and natural gas in the United Kingdom and the Northeastern United States, serving millions of customers in regions like New York, Massachusetts, and Rhode Island.
In the UK, National Grid owns and operates the electric transmission system in England and Wales. The company also manages the Grain liquefied natural gas facility and various merchant transmission lines. In a strategic move to enhance its electricity distribution capabilities, National Grid sold the bulk of its UK gas transmission business in fiscal 2023, using the proceeds to acquire PPL's UK power distribution assets.
In the United States, National Grid serves over 20 million customers, providing electricity and gas in three states. The company's extensive projects include regulated transmission and electricity generation, metering services, and advanced infrastructure investments aimed at grid modernization.
National Grid is committed to sustainability and achieving net-zero emissions. The company is actively involved in numerous projects to enhance its network's resilience and reliability while integrating more renewable energy sources. Notable initiatives include the Future Grid Project, funded by a $50 million grant from the U.S. Department of Energy, aimed at optimizing distributed energy resources (DERs) through digital technology.
National Grid has opened applications for its "Charging Our Future" DEI Engineering Scholarship Program, targeting high school seniors and college students pursuing engineering degrees. The program, now in its second year, will grant scholarships of up to $10,000 and offer paid summer internships to twelve candidates from low- and moderate-income backgrounds for the 2023-2024 academic year. With a commitment to diversity, equity, and inclusion, the program aims to enhance workforce representation in energy sectors while advancing the company’s goals for a clean energy future. Applications are accepted from April 25 to May 22, 2023, and recipients will have opportunities for renewal based on academic performance. This initiative supports National Grid's objective of achieving 50% diversity in senior leadership by 2025.
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