In a landmark transaction, Macquarie Asset Management has secured full ownership of National Gas, concluding a major acquisition of the remaining 20% equity interest held by National Grid. This move positions Macquarie Asset Management as the sole owner of National Gas, which operates the United Kingdom’s expansive 7,660-kilometre national gas transmission system. This acquisition underscores […]
An explosion occurred at a residence in Syracuse, New York, resulting in severe injuries and critical conditions for 10 individuals. The incident unfolded on Tuesday evening at 205 Carbon Street, capturing immediate attention from emergency services. According to Syracuse Fire Chief Michael Monds, around 50 firefighters were dispatched to the scene shortly before 4 p.m. […]
National Grid has officially launched the Viking Link project today, a transformative £1.8 billion interconnector that links the United Kingdom with Denmark. The Viking Link boasts a 1.4GW capacity and is acclaimed as the longest land and subsea cable in the world, stretching 475 miles. It has the capability to supply electricity to up to […]
National Grid, a leading energy transmission and distribution company, has announced its financial results for the six months ended 30 September 2023. The company showcased a strong financial performance during this period. Financial Performance Highlights The statutory operating profit was recorded at £1,985 million, a decrease of 11% from the previous year. Profit before tax […]
National Grid submitted its $2 billion Electric Sector Modernization Plan (ESMP), dubbed the Future Grid Plan, to the Grid Modernization Advisory Council (GMAC). This landmark plan outlines the critical investments needed over the next five years and beyond to meet Massachusetts’ pioneering climate change, clean energy, and equity goals, as set out in the 2050 […]
Quinbrook Infrastructure Partners, a specialist investment manager, has broken ground on four new synchronous condensers in Scotland, under phase two of National Grid ESO’s Pathfinder program. Collectively called the Scottish Portfolio, the projects are expected to help drive the United Kingdom’s energy transition toward net zero emissions of greenhouse gases. The synchronous condenser projects are […]
Wipro Limited said that it has inked a multi-year global IT and digital deal with UK-based electric and gas utility provider National Grid for expediting its digital innovation journey. National Grid operates in the UK and the US. Wipro by employing its Boundaryless Enterprise solutions will help in the continued digital transformation of National Grid. […]
Indian IT services company Wipro has bagged a data center strategy, transition, and transformation contract worth $44.5 million from the National Grid, an energy company that operates in the UK and US. By awarding the contract, National Grid is aiming to deliver next generation capabilities in data center and networks, while enhancing its operating model. […]
Wipro said that it subsidiary Appirio has been selected by utilities company National Grid for transforming its business with an omnichannel customer experience. In this connection, Appirio will be helping National Grid unify its engagement with 68 million customers across two continents through a hybrid integration platform. Wipro said that Appirio continues to work with […]