WALTHAM, Mass. and MINNEAPOLIS, Oct. 14,
2020 /PRNewswire/ -- National Grid, through its
competitive, non-regulated National Grid Ventures unit, today
announced the launch of National Grid Renewables, the new brand
name for its US renewable energy business which includes solar,
onshore wind and battery storage. National Grid Renewables is
focused on accelerating the clean energy transition through
developing, owning and operating large-scale renewable energy
assets across the United
States.
"National Grid has a critical role to play in the acceleration
of a cleaner energy future, which is why we're pleased to be
launching National Grid Renewables to further underscore our
commitment to reaching net zero," said Daniel Westerman, President, Renewable Energy
for National Grid. "In addition to being positive for our planet,
developing new renewable energy projects creates jobs and spurs
economic development in communities across America. We look forward
to expanding our positive social and environmental impact as we
look ahead, all while delivering strong shareholder value."
This rollout builds on National Grid's acquisition of Geronimo
Energy, a leading wind and solar developer in North America, in July
2019, further underscoring the company's commitment to
decarbonizing the energy system. Since last year's acquisition,
National Grid's onshore renewables development team (formerly known
as Geronimo Energy) has signed over 500 megawatts (MW) of announced
contracts with customers and has expanded its robust pipeline of
wind, solar and battery storage projects throughout the U.S. As
part of today's launch, Geronimo Energy will transition to the new
National Grid Renewables branding.
"The launch of the National Grid Renewables brand supports our
goal to expand our onshore project portfolio nationwide and
continue our growth as a leader in the renewable energy industry,"
stated Blake Nixon, Head of US
Onshore Renewables for National Grid Renewables. "We are proud to
take on the National Grid name, as our corporate values have always
been and continue to be aligned. Our farmer-friendly,
community-focused value set and guiding principle to do what is
right for community members, customers, and partners remains the
same."
In addition to its onshore renewables development team, National
Grid Renewables includes an increasing number of operational assets
that are geographically diverse across the U.S., from wind and
solar farms in the Midwest and South to investments in battery
storage facilities on the East Coast.
It also has had a partnership dating back to 2016 with Sunrun, a
leading residential solar, battery storage, and energy services
company in the US, that has included a $100
million asset investment and employees from each company
working to develop the potential of grid services using cleaner,
renewable sources of energy.
For more information about National Grid Renewables, please
visit www.nationalgridrenewables.com or follow us on Twitter and
LinkedIn.
About National Grid Renewables
National Grid Renewables, part of the competitive, unregulated
National Grid Ventures division of National Grid (NYSE: NGG),
develops, owns and operates large-scale renewable energy assets
across the United States,
including solar, wind and battery storage. As a farmer-friendly and
community-focused business, National Grid Renewables develops
projects for corporations and utilities that seek to repower
America's electricity grid by reigniting local economies and
reinvesting in a sustainable, clean energy future.
National Grid Renewables has a robust development pipeline of
wind, solar and battery storage projects in various stages of
development throughout the United
States, as well as geographically diverse operational assets
across the country. It supports National Grid's vision of being at
the heart of a clean, fair and affordable energy future for all.
Please visit www.nationalgridrenewables.com to learn more.
Contact:
|
Justin
Drake
|
Lindsay
Smith
|
|
National Grid
Ventures
|
National Grid
Renewables
|
|
Justin.Drake@nationalgrid.com
|
Lindsay@nationalgridrenewables.com
|
|
781-375-5336
|
952-358-5672
|
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SOURCE National Grid Renewables