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Released November 19, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--National Grid plc (NYSE:NGG) (London, England) is building out its global energy-generation presence with a renewed emphasis on renewable resources, and its various U.S. subsidiaries are central to its ambitions. In the first half of its 2021-22 fiscal year, ended September 30, the company said its strategic pivot toward higher growth electricity also would include updates and rebuilds to its U.S. transmission and distribution (T&D) system. Industrial Info is tracking more than $9 billion worth of projects from National Grid across the U.S., nearly 75% of which is attributed to solar-generation projects.
National Grid expects to invest £30 billion to £35 billion (US$40.5 billion to US$47.26 billion) across its energy networks and adjacent businesses in the U.K. and U.S. from its current fiscal year through 2025-26. John Pettigrew, the chief executive of National Grid, said in a half-year press release that the company's "focus will be on delivering critical and green investment to enable the decarbonization of power, transport and heat, and lead a clean, fair and affordable energy transition across the jurisdictions we serve."
Click on the image at right for a heat map detailing National Grid's active projects across the U.S., from Industrial Info's Geolocator tool.
National Grid Renewables (Minneapolis, Minnesota), a U.S.-focused subsidiary, has notched up significant progress on several major green-energy projects so far this year. It began operations at two Michigan-based solar projects in July, and has started site-preparation work on its Yellowbud Solar Plant in Chillicothe, Ohio, which is expected to generate 274 megawatts (MW) from 883,000 photovoltaic (PV) panels, and is in the final construction stages on its Prairie Wolf Solar Plant near Ashmore, Illinois, which is expected to generate 200 MW from PV panels. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Yellowbud and Prairie Wolf projects.
Among its wind-energy developments, National Grid Renewables is proposing the Plum Creek Windfarm in Revere, Minnesota, which would generate 414 MW from 74 turbines, with Siemens Gamesa Renewable Energy (Zamudio, Spain) and Vestas Wind Systems A/S (Aarhus, Denmark) each supplying 37 turbines. The project's developers continue to seek necessary permits, and it is unlikely to begin construction until the spring of 2024 at the earliest. Subscribers can learn more from Industrial Info's project report.
"In the U.S., we expect to invest around £10 billion (US$13.48 billion) in New York and around £7 billion (US$9.44 billion) in New England over the next five years," the company said in a half-year earnings-related press release. "Over half of this will be safety-related projects in our gas networks, with the remainder in our electric networks, such as for storm hardening and other net-zero investments, as well as further electric-transmission investment."
National Grid is one of the major developers behind the massive Energy Highway project in New York State. The ambitious, multi-year development aims to debottleneck some of the most congested areas in the state's power grid and bring renewable, hydroelectric and nuclear energy generated in northern and western New York to the more heavily populated Albany and New York City areas, where the power plants are mostly gas-fired.
KeySpan Energy Corporation, one of National Grid's New York-based subsidiaries, is updating and rebuilding its T&D capacity in and around Albany, as part of the Energy Highway project. KeySpan is rebuilding a line within Schenectady and another between Oneida and Dutches counties, running about five and 20 miles, respectively. It also is constructing the Rotterdam Substation in Schenectady and upgrading the New Scotland Substation in Slingerlands and the Princetown Substation in Schenectady. Each is expected to wrap up in the third quarter of 2023. Subscribers can learn more from Industrial Info's project reports on the Schenectady line, Oneida-Dutches line and Rotterdam, New Scotland and Princetown substations.
New York's interconnected bulk power system is owned by six separate transmission owners, including National Grid.
In New England, National Grid began construction in late 2018 on a $100 million liquefaction unit at its Fields Point Satellite LNG Storage Plant in Providence, Rhode Island. The unit will process 20 million standard cubic feet per day of gas and produce 100,000 gallons per day of liquefied natural gas (LNG). The company says the new unit will replace more than 2,500 truck deliveries each winter. For more information, see Industrial Info's project report.
National Grid also is planning to replace a 50-year-old underground electric transmission line in Beverly, Massachusetts, which currently runs alongside the Massachusetts Bay Transportation Authority's (MBTA) commuter rail line. The relocated cable would run through several downtown neighborhoods in three-mile and one-mile segments, and include upgrades to the Beverly and East Beverly substations and construction of the Waite Street Substation.
The existing cable supplies power to the local grid, serving nearly 50,000 electric customers in Beverly, Essex, Gloucester, Hamilton, Manchester, Rockport and Wenham, according to local news sources. Subscribers can learn more from Industrial Info's detailed project reports on the three-mile and one-mile segments, Beverly and East Beverly upgrades, and Waite Street Substation.
Earlier this year, National Grid acquired PPL Corporation's (NYSE:PPL) (Allentown, Pennsylvania) U.K.-based utility Western Power Distribution (WPD), while PPL purchased National Grid's The Narragansett Electric Company, which services Rhode Island. The sale of the Rhode Island business is on track to be finalized by the end of the financial year. For more information, see September 27, 2021, article - PPL Buys Some of National Grid's U.S.-Based Assets, Bolsters Renewable Role.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
National Grid expects to invest £30 billion to £35 billion (US$40.5 billion to US$47.26 billion) across its energy networks and adjacent businesses in the U.K. and U.S. from its current fiscal year through 2025-26. John Pettigrew, the chief executive of National Grid, said in a half-year press release that the company's "focus will be on delivering critical and green investment to enable the decarbonization of power, transport and heat, and lead a clean, fair and affordable energy transition across the jurisdictions we serve."
Click on the image at right for a heat map detailing National Grid's active projects across the U.S., from Industrial Info's Geolocator tool.National Grid Renewables (Minneapolis, Minnesota), a U.S.-focused subsidiary, has notched up significant progress on several major green-energy projects so far this year. It began operations at two Michigan-based solar projects in July, and has started site-preparation work on its Yellowbud Solar Plant in Chillicothe, Ohio, which is expected to generate 274 megawatts (MW) from 883,000 photovoltaic (PV) panels, and is in the final construction stages on its Prairie Wolf Solar Plant near Ashmore, Illinois, which is expected to generate 200 MW from PV panels. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Yellowbud and Prairie Wolf projects.
Among its wind-energy developments, National Grid Renewables is proposing the Plum Creek Windfarm in Revere, Minnesota, which would generate 414 MW from 74 turbines, with Siemens Gamesa Renewable Energy (Zamudio, Spain) and Vestas Wind Systems A/S (Aarhus, Denmark) each supplying 37 turbines. The project's developers continue to seek necessary permits, and it is unlikely to begin construction until the spring of 2024 at the earliest. Subscribers can learn more from Industrial Info's project report.
"In the U.S., we expect to invest around £10 billion (US$13.48 billion) in New York and around £7 billion (US$9.44 billion) in New England over the next five years," the company said in a half-year earnings-related press release. "Over half of this will be safety-related projects in our gas networks, with the remainder in our electric networks, such as for storm hardening and other net-zero investments, as well as further electric-transmission investment."
National Grid is one of the major developers behind the massive Energy Highway project in New York State. The ambitious, multi-year development aims to debottleneck some of the most congested areas in the state's power grid and bring renewable, hydroelectric and nuclear energy generated in northern and western New York to the more heavily populated Albany and New York City areas, where the power plants are mostly gas-fired.
KeySpan Energy Corporation, one of National Grid's New York-based subsidiaries, is updating and rebuilding its T&D capacity in and around Albany, as part of the Energy Highway project. KeySpan is rebuilding a line within Schenectady and another between Oneida and Dutches counties, running about five and 20 miles, respectively. It also is constructing the Rotterdam Substation in Schenectady and upgrading the New Scotland Substation in Slingerlands and the Princetown Substation in Schenectady. Each is expected to wrap up in the third quarter of 2023. Subscribers can learn more from Industrial Info's project reports on the Schenectady line, Oneida-Dutches line and Rotterdam, New Scotland and Princetown substations.
New York's interconnected bulk power system is owned by six separate transmission owners, including National Grid.
In New England, National Grid began construction in late 2018 on a $100 million liquefaction unit at its Fields Point Satellite LNG Storage Plant in Providence, Rhode Island. The unit will process 20 million standard cubic feet per day of gas and produce 100,000 gallons per day of liquefied natural gas (LNG). The company says the new unit will replace more than 2,500 truck deliveries each winter. For more information, see Industrial Info's project report.
National Grid also is planning to replace a 50-year-old underground electric transmission line in Beverly, Massachusetts, which currently runs alongside the Massachusetts Bay Transportation Authority's (MBTA) commuter rail line. The relocated cable would run through several downtown neighborhoods in three-mile and one-mile segments, and include upgrades to the Beverly and East Beverly substations and construction of the Waite Street Substation.
The existing cable supplies power to the local grid, serving nearly 50,000 electric customers in Beverly, Essex, Gloucester, Hamilton, Manchester, Rockport and Wenham, according to local news sources. Subscribers can learn more from Industrial Info's detailed project reports on the three-mile and one-mile segments, Beverly and East Beverly upgrades, and Waite Street Substation.
Earlier this year, National Grid acquired PPL Corporation's (NYSE:PPL) (Allentown, Pennsylvania) U.K.-based utility Western Power Distribution (WPD), while PPL purchased National Grid's The Narragansett Electric Company, which services Rhode Island. The sale of the Rhode Island business is on track to be finalized by the end of the financial year. For more information, see September 27, 2021, article - PPL Buys Some of National Grid's U.S.-Based Assets, Bolsters Renewable Role.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
