National Grid Plc - Company Profile
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Business Description
National Grid Plc (National Grid) is primarily engaged in the generation, transmission, and distribution of energy. The company operates in six business segments: UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, and National Grid Ventures. These businesses are involved in various activities such as high-voltage electricity transmission networks, electricity distribution networks, gas distribution networks, and commercial operations in LNG. The company's operations span across the UK and the US, serving a wide range of customers in these regions.
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R&D Overview
National Grid has undertaken several R&D initiatives, including submitting a five-year business plan to Ofgem for a significant overhaul of the UK electricity grid, which aims to reduce reliance on fossil fuels with an investment of up to GBP35 billion between 2026 and 2031. In the US, the company's Future Grid Plan was approved, outlining approximately US$2 billion in investments to meet projected energy demand. Additionally, the company commissioned a dynamic line rating project in New York to optimize renewable energy use and invested over US$50 million in startups, with a commitment to invest an additional US$100 million in AI startups. In FY2025, the company's investment in research and development stood at GBP43 million, which is 0.2% of company’s total revenue.
Business Segments
- National Grid Ventures
- New England
- New York
- UK Electricity Distribution
- UK Electricity System Operator
- UK Electricity Transmission
- Other
Overview
Includes all of our commercial operations for LNG at the Isle of Grain in the UK, our US electricity production business, our UK electricity interconnectors, and our investment in US renewable energy company National Grid Renewables Development LLC.
Performance
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Overview
Gas distribution networks, electrical transmission networks, and high-voltage distribution networks are present in New England.
Performance
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Overview
Gas distribution networks, electrical transmission networks, and high-voltage distribution networks are present in New York.
Performance
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Overview
Own and operate the electricity distribution networks for the Midlands, the South West and South Wales. The combined network of Western Power Distribution (WPD), makes it the largest distribution network operator (DNO) group in the UK.
Performance
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Overview
Operates as the electricity system operator (ESO) across Great Britain.
Performance
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Overview
Supplies high-voltage electricity transmission networks in England and Wales. Owns the high-pressure gas transmission networks in Great Britain and gas system operator in Great Britain and includes regulated gas metering operations.
Performance
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Performance
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Geographical Segments
Overview
Delivers electricity and natural gas, and carries out LNG storage and other related operations.
Performance
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Overview
Delivers electricity and natural gas.
Performance
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