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NG. National Grid Plc

1,066.00
4.50 (0.42%)
Last Updated: 12:05:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.50 0.42% 1,066.00 1,065.50 1,066.50 1,070.00 1,059.00 1,064.00 2,590,922 12:05:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.04 39.3B

National Grid & Pacific Northwest National Laboratory to Collaborate on Transmission Grid Modernization & Energy Storage Rese...

13/11/2017 4:30pm

Business Wire


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National Grid, a leading US transmission company, and the Department of Energy’s Pacific Northwest National Laboratory have entered into an agreement to work together on research in the areas of transmission grid modernization and energy storage technologies.

The electricity industry is undergoing sweeping changes, including evolving customer expectations, proliferation of renewable and distributed energy resources, and state energy policies that are affecting what the transmission grid is being asked to do. Both parties are focused on creating a robust, flexible, secure grid that will deliver the nation’s clean, reliable, and affordable energy future. They will collaborate on topics such as:

  • Grid-scale energy storage;
  • Advanced transmission network controls and monitoring;
  • Integration of distributed and variable energy resources; and
  • Enhanced grid cyber protection.

"I'd like to congratulate National Grid and PNNL on today's announcement," said Secretary of Energy Rick Perry. "Innovation partnerships with the private sector are critical to the groundbreaking work our National Labs undertake. DOE is committed to the modernization, reliability and resiliency of our grid and expanding energy storage research and this partnership is a great example of that commitment."

“This collaboration is a natural outcome of our organizations’ mutual goal to optimize the benefits and value the transmission network can deliver to our customers, communities and country,” said Rudy Wynter, president and COO of National Grid’s FERC-regulated Businesses. “We are delighted to work with the experts at PNNL to make this vision a reality.”

“A reliable and resilient electric grid is critical to our national and economic security,” said PNNL Director Steven Ashby. “This agreement with National Grid will explore how to best integrate new technologies, like energy storage, onto the grid to improve grid reliability and resiliency in the face of severe weather events, cyber threats, a changing mix and types of electric generation, and the aging of the electricity infrastructure.”

The agreement envisions several options for cooperative efforts such as research opportunities; joint workshops, lectures, and symposia; and other forums to promote enhancements in technology, education, and industrial development related to grid modernization and energy storage.

National Grid and PNNL’s partnership stems from participation in a DOE government/industry roundtable during the 2017 Earth Day Texas (EDTx) Expo and Conference. Secretary Perry and Dr. Sanjiv Malhotra, Director of DOE’s Energy Investor Center, sought to bring senior energy, utility and investment executives together with Lab leadership to explore potential areas of collaboration.

PNNL plays key leadership and research roles in DOE’s Grid Modernization Laboratory Consortium, which is delivering new concepts and technologies to better measure, analyze, predict and control the future power grid. In the energy storage arena, PNNL’s research in vanadium redox flow batteries has led to technology licensed by eight companies. And PNNL’s grid cyber research includes work to establish information-sharing capabilities for grid business information technologies, providing situational awareness of cyber risks for the nation’s utilities.

About National GridNational Grid (LSE: NG; NYSE: NGG) is an electricity, natural gas, and clean energy delivery company that supplies the energy for more than 20 million people through its networks in New York, Massachusetts, and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.

National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Read more about the innovative projects happening across our footprint in The Democratization of Energy, an eBook written by National Grid’s US president, Dean Seavers.

For more information please visit our website. You can also follow us on Twitter, watch us on YouTube, friend us on Facebook, find our photos on Instagram.

About Pacific Northwest National LaboratoryInterdisciplinary teams at Pacific Northwest National Laboratory address many of America's most pressing issues in energy, the environment and national security through advances in basic and applied science. Founded in 1965, PNNL employs 4,400 staff and has an annual budget of nearly $1 billion. It is managed and operated by Battelle for the U.S. Department of Energy's Office of Science. As the single largest supporter of basic research in the physical sciences in the United States, the Office of Science is working to address some of the most pressing challenges of our time. For more information on PNNL, visit the PNNL News Center, or follow PNNL on Facebook, Google+, Instagram, LinkedIn and Twitter.

For National GridJackie Barry, 781-907-1754

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