{"id":478146,"date":"2021-04-19T09:08:16","date_gmt":"2021-04-19T13:08:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/national-grid-partners-announces-150-million-in-fresh-investment-capital-adds-two-disruptive-startups-to-its-fast-growing-portfolio\/"},"modified":"2021-04-19T09:08:16","modified_gmt":"2021-04-19T13:08:16","slug":"national-grid-partners-announces-150-million-in-fresh-investment-capital-adds-two-disruptive-startups-to-its-fast-growing-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/national-grid-partners-announces-150-million-in-fresh-investment-capital-adds-two-disruptive-startups-to-its-fast-growing-portfolio\/","title":{"rendered":"National Grid Partners Announces $150 Million in Fresh Investment Capital; Adds Two Disruptive Startups to its Fast-Growing Portfolio"},"content":{"rendered":"
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Newest Deals Bring Portfolio To 29 Investments in 30 Months Since Launch<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n LOS GATOS, Calif.<\/span>, April 19, 2021<\/span> \/PRNewswire\/ — Since its launch less than three years ago, National Grid Partners<\/a><\/u>\u00a0(NGP) has put $227 million<\/span> to work in dozens of startups at the intersection of energy and information technology. <\/p>\n

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Now the utility industry’s first Silicon Valley-based corporate venture and innovation group is poised to continue disrupting the future of energy with a new investment allocation of $150 million<\/span>. <\/p>\n

“Earth Week is a perfect time to announce this vote of confidence from our senior leadership,” said Lisa Lambert<\/span>, Chief Technology and Innovation Officer of National Grid (LSE: NG; NYSE: NGG) and the Founder and President of National Grid Partners. <\/p>\n

She noted that National Grid this week kicks off its sponsorship of the United Nations’ COP26<\/span><\/a>\u00a0climate conference \u2013 the biggest convening of global environmental policy and industry leaders since the 2015 Paris Agreement.<\/p>\n

As part of its COP26<\/span> activities in the United Kingdom<\/span> this fall, NGP plans to hold its first annual summit of the Next Grid Alliance<\/a>. This consortium of more than 60 worldwide utility companies provides senior level executives a platform to share industry best practices and to solve some of the biggest challenges facing the energy sector.<\/p>\n

Lambert also announced today that NGP has invested $7.5M<\/span> in two Silicon Valley companies that help enterprise customers protect physical and cyber infrastructure. They are: <\/p>\n