National Grid Invests $100 Million in AI Startups for Energy's Future
Funding | Mar 12, 2025 | PR Newswire Cision National Grid
National Grid Partners, the venture arm of the utility giant National Grid, announced a significant investment aimed at advancing the field of artificial intelligence (AI) in the energy sector. By committing $100 million specifically to AI startups focused on energy solutions, National Grid Partners seeks to enhance efficiency, reduce emissions, and increase the resilience and intelligence of global energy grids. Having already invested $150 million across 18 AI startups, including Amperon, AiDASH, and Exodigo, National Grid has seen gains in areas such as grid reliability, transmission line capacity, and the reduction of hazardous outages. Through this initiative, National Grid Partners reinforces its mission to facilitate rapid technological integration and innovation across more than 80% of its portfolio companies, thereby preparing the energy market for future demands driven by data centers, transport electrification, and renewable energy sources.
Sectors
- Energy
- Artificial Intelligence
- Venture Capital
Geography
- United States – National Grid has operations and investments impacting its energy infrastructure in the U.S.
- United Kingdom – The National Grid operates in the U.K. and is part of contemplating investments to address local energy demands.
Industry
- Energy – The article revolves around investments in AI startups aimed at improving energy systems and infrastructures.
- Artificial Intelligence – Investment is directed towards startups leveraging AI technologies to enhance energy efficiency and infrastructure resilience.
- Venture Capital – National Grid Partners, acting as a corporate venture arm, is committing significant funds towards AI-driven innovations.
Financials
- $100 million – Commitment towards investing in AI startups for energy advancements.
- $150 million – Total investment already made by National Grid Partners in 18 AI firms.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| National Grid Partners | Investing Company | Company | The corporate venture capital and innovation arm of National Grid plc, focused on investments in AI startups. |
| National Grid plc | Parent Company | Company | One of the world's largest investor-owned energy companies, steering the adoption of advanced utility technologies. |
| Amperon | Portfolio Company | Company | An AI company receiving investment to enhance energy forecasting and grid analytics. |
| AiDASH | Portfolio Company | Company | Utilizes AI and satellite data to monitor utility infrastructure and reduce outages. |
| Exodigo | Portfolio Company | Company | Provides AI solutions to map underground utilities and avoid construction errors. |