National Grid Partners Driving Clean Energy Future with $24 Million in New Startup Investments
Summary
The utility industrys first Silicon Valley-based corporate venture and innovation group has injected $24 million into six more companies whose technology can make power grids greener, more secure and more customer-friendly. At COP26 next week in Glasgow, she will moderate a panel discussion with National Grid CEO John Pettigrew and the chief executives of Edison International and the Electric Power Research Institute (EPRI) on how corporate investments in startups can supercharge new clean-energy technologies. And with a fresh funding allocation of $150 million that was announced earlier this year, NGP is poised to continue disrupting the status quo while collaborating with dozens of other global utility companies in the NextGrid Alliance. More than 70 percent of NGPs portfolio companies have strategic engagements with National Grid to help transform our operations – such as San Jose, CA-based AiDash, which combines satellite data and artificial intelligence to protect critical infrastructure. After a successful deployment in our U.S. service territories to spot overgrown vegetation that can spark outages or fires, AiDash at COP26 will unveil an environmental stewardship product developed with National Grid and NGPs Innovation team.