National Grid Partners (NGP), our Silicon Valley-based investment and innovation arm, has announced investments in four companies and two strategic funds, and a new US office.
These investments mean that NGP has expanded its portfolio to 12 companies, with $90 million invested to date, and three strategic fund investments; furthering its vision to define a smarter and more renewable energy future.
“We have been mobilising and preparing ourselves for what tomorrow’s customers will require,” said CEO John Pettigrew. “By investing and partnering with these innovators, National Grid will stay a step ahead of emerging technology trends to meet our customers’ energy needs into the future.”
NGP is a multi-stage investor supporting disruptive technology companies at every stage of their growth. The new office in San Francisco will manage the ‘incubation’ stage of investment in young companies in emerging growth areas.
The new location, in the heart of the city, means it is better placed to help collaboration between industry leaders and young energy companies working in decarbonisation, decentralisation and digitisation.
“We are delighted to bring these new investments into our portfolio,” said Lisa Lambert, Chief Technology and Innovation Officer, and the Founder and President of National Grid Partners. “We are well on our way towards driving a smart and digital energy future for tomorrow’s socially-conscious consumer.”
For more information visit the NGP website.