National Grid Partners (NGP)

National Grid Partners (NGP) is the corporate venture capital arm of National Grid, a leading international electricity and gas utility company. Launched in 2018, NGP's mandate is dual-pronged: to make strategically and financially attractive investments while also driving company-wide innovation for its parent. It focuses on technologies and business models that are critical to the energy transition and the modernization of utility infrastructure, aiming to support National Grid's strategic objectives and foster a cleaner, more resilient energy future.

NGP primarily targets early to growth-stage companies, typically participating in rounds from seed to Series C. Their investment thesis is deeply aligned with National Grid's strategic priorities, including clean energy solutions, grid modernization, cybersecurity, artificial intelligence, machine learning, and digital transformation within the energy sector. They seek out disruptive technologies that can enhance grid reliability, improve operational efficiency, and accelerate the transition to a sustainable energy future, often looking for solutions that can be piloted or integrated into National Grid's vast operations.

Since its inception, NGP has demonstrated significant activity, having invested over $500 million into more than 40 companies by 2022. This substantial capital deployment underscores their commitment to fostering innovation in the energy landscape. Their initial investments typically range from $1 million to $10 million, with the capacity for substantial follow-on funding as portfolio companies mature. Beyond capital, NGP provides strategic value by facilitating partnerships and pilot programs between its portfolio companies and National Grid's operational units, offering a unique pathway for market validation and accelerated growth within the utility industry.