National Grid Ventures makes $1.75 billion bet on data centre power
National Grid Ventures will invest $1.75 billion for a 35% stake in Joulent, a US energy platform building 2.67 GW of gas-fired capacity in West Texas to power AI data centres. The project, known as Project Kilby, will be jointly owned with Chevron and is backed by a 20-year power purchase agreement (PPA) with a […]
National Grid charges forward with £1.2 billion overhead line programme
National Grid has launched the next phase of its Electricity Transmission Partnership (ETP), awarding contracts worth £1.2 billion to five delivery partners – Balfour Beatty, M Group, Morgan Sindall Infrastructure, Murphy and OTW – to upgrade more than 1,000 km of existing overhead lines across England and Wales. The partnership adopts a long‑term, collaborative delivery approach, rewarding […]
National Grid secures over £1 million for innovation projects
Five projects led by National Grid and its electricity distribution arm have secured more than £1 million in funding from the latest cycle of Ofgem’s Strategic Innovation Fund (SIF), which awarded £22.9 million to 18 projects across the UK. Projects address challenges from rising electricity demand due to data centres, electrification and offshore wind, focusing on digital […]