Welcome to our dedicated page for National Grid news (Ticker: NGG), a resource for investors and traders seeking the latest updates and insights on National Grid stock.
National Grid plc (NYSE: NGG), a leading multinational energy utility operating critical infrastructure across the UK and Northeastern United States, maintains this dedicated news hub for stakeholders. Access authoritative updates on strategic developments, regulatory compliance, and infrastructure investments that shape the company's role in electricity transmission and gas distribution networks.
This resource consolidates official press releases, financial disclosures, and operational announcements, providing investors with timely insights into earnings reports, grid modernization initiatives, and sustainability programs. Key coverage areas include transmission system upgrades, renewable energy integration projects, and regulatory filings impacting service territories in New York, Massachusetts, and Rhode Island.
Bookmark this page for direct access to National Grid's latest partnership announcements, emergency response updates, and community engagement initiatives. Regular visitors gain strategic perspective on how the company balances infrastructure reliability with clean energy transition goals across its multinational operations.
National Grid has identified significant stocks of renewable natural gas (RNG) and hydrogen available for customers in Massachusetts and New York through its innovative Northeast clean energy request for information (RFI). Over 33 trillion BTUs (TBtus) are projected to be available in three years, surpassing the 15 TBtus needed by 2025. RNG and hydrogen are vital to National Grid's strategy for a fossil-free gas network. The commitment aligns with the goal of significantly reducing greenhouse gas emissions across various sectors.
National Grid Renewables held a community celebration on July 13, 2022, at the Prairie Wolf Solar Project in Coles County, Illinois. During the event, they announced a donation of approximately $720,000 to the Kansas School District over the next 20 years, funded by the Prairie Wolf Education Fund. The 200 MW solar project, operational since December 2021, is projected to prevent 285,000 metric tons of CO2 emissions annually and contribute $16 million in tax revenue over 20 years. The project employed 250 workers during construction and currently has 5 maintenance staff.
National Grid expressed its support for the EPA's role in regulating greenhouse gas emissions, even while disagreeing with a recent Supreme Court ruling on the matter.National Grid emphasizes its commitment to reducing emissions and promoting clean energy solutions alongside local, state, and federal partners. The company serves over 20 million people in New York and Massachusetts and is dedicated to transforming energy delivery towards a cleaner future.
National Grid has announced a new scholarship program aimed at enhancing diversity in engineering within Massachusetts and New York. Starting with the 2022-2023 academic year, six students will receive a scholarship of $10,000 annually along with paid summer internships for up to four years. The program is open to high school seniors and college undergraduates from low-income households who maintain a GPA above 3.0. Applications are accepted until June 30, 2022, with administration by Scholarship America.
National Grid is expanding its Off-Peak Charging Rebate Program in Massachusetts in partnership with ev.energy, allowing customers to earn discounts on EV charging. Participants can receive 3¢ to 5¢ off every kWh charged during off-peak hours through the Charge Smart MA app, directly credited to their electric bill. With over 51,000 registered EVs in Massachusetts and a goal of 300,000 by 2025, this initiative supports grid stability and helps reduce charging costs for EV drivers.
Niagara Mohawk Power Corp., a National Grid USA subsidiary, announced dividend declarations for its preferred stock for the period of April 1, 2022, to June 30, 2022. The dividends include rates of 0.85% for the 3.40% Series, 0.90% for the 3.60% Series, and 0.975% for the 3.90% Series, all based on a $100 par value. These dividends will be payable on June 30, 2022, to shareholders on record as of June 16, 2022. National Grid serves about 3.3 million electricity customers across New York and New England.
Convergent Energy + Power has completed a solar-plus-storage system in Cicero, New York, providing a non-wires-alternative for National Grid customers. This 10 MW/40 MWh energy storage system is designed to deliver sustainable, reliable electricity while utilizing solar energy during non-peak times. Selected through a competitive bidding process, Convergent's system aims to enhance reliability and capacity at the Pine Grove substation. The project benefits from financing by NY Green Bank, which contributed nearly $2.3 million through its NY-Sun Program, promoting renewable energy initiatives in New York State.
Leap and National Grid have launched a pilot project utilizing Leap's distributed energy software platform for Demand Response (DR) in New York City. This initiative aims to lower electricity consumption at four National Grid offices during peak demand times. The partnership will engage in NYISO’s Special Case Resources Program, aiding in grid stabilization and efficiency. Leap's technology will aggregate distributed energy resources to enhance grid services, supporting cleaner energy solutions and fostering energy efficiency aligned with New York's climate targets.
