Macquarie Asset Management makes game-changing move with full takeover of National Gas

Macquarie Asset Management makes game-changing move with full takeover of National Gas

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 […]

Severe explosion in Syracuse home injures 10, investigation underway

Severe explosion in Syracuse home injures 10, investigation underway

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 reports half-year results for 2023 with notable financial performance

National Grid reports half-year results for 2023 with notable financial performance

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 unveils $2bn Future Grid Plan for clean energy revolution

National Grid unveils $2bn Future Grid Plan for clean energy revolution

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 begins construction of four new synchronous condensers in UK

Quinbrook begins construction of four new synchronous condensers in UK

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 signs deal to expedite digital innovation journey of National Grid

Wipro signs deal to expedite digital innovation journey of National Grid

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. […]

Wipro bags $44.5m contract from UK-based energy company National Grid

Wipro bags $44.5m contract from UK-based energy company 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 Appirio selected by National Grid for digital transformation

Wipro Appirio selected by National Grid for digital transformation

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 […]