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National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AIJuly 1, 2026 7:00 AM
PR Newswire (US) WASHINGTON, July 1, 2026 /PRNewswire/ -- National Grid Ventures (NGV), the commercial arm of National Grid plc, has agreed to invest $1.75 billion for a 35% stake in Joulent LLC, forming a broad strategic partnership to develop contracted power and electrical infrastructure solutions for U.S. large load demand. Zoë Yujnovich, Chief Executive of National Grid, said: "Our investment in Joulent is a disciplined, partner-led investment in contracted critical infrastructure for the AI-driven large load economy. Through National Grid Ventures, we are gaining exposure to a major source of electricity demand growth with strong partners. It extends National Grid's core strengths of investing in long-duration infrastructure with predictable cash flows and attractive risk-adjusted returns."Chris James, Founder and CEO of Joulent, said: "This investment from National Grid Ventures strengthens Joulent's ability to deliver reliable, large-scale power on the timelines AI infrastructure and advanced industry now requires. We are building an independent company designed for speed, scale and execution, without shifting the cost of that growth onto local communities while also providing tailor-made and cost competitive solutions for our customers."Rising demand from data centers and other power-intensive industries is driving the need for dedicated, scalable power — often outpacing the timelines of traditional grid connections. This investment is consistent with National Grid's ambition to pursue selective critical infrastructure growth opportunities emerging from the transforming energy landscape, and marks NGV's entry into one of the fastest-growing areas of electricity demand.Joulent has built the capabilities, partnerships and resources to develop integrated power solutions for U.S. large load customers, including data centers, helping to accelerate speed-to-power. These solutions include co-located gas generation, battery storage, renewables integration and 'Across-the-Meter' grid connections. Joulent's solutions are designed to scale quickly to meet near-term large load power demand, supporting economic growth without shifting costs onto local communities, while enabling a longer-term path to grid connection.NGV's investment will enable the development of Joulent's foundational project, Project Kilby ("Kilby"), in a 50/50 partnership with Chevron Corporation. Kilby is a 2.67 GW co-located power facility in West Texas that will provide dedicated electricity to a Microsoft-operated data center under a 20-year power purchase agreement. Development of the project is at an advanced stage with secured critical equipment including GE Vernova turbines and reserved EPC capacity, and it is targeting first power delivery by 2028.Noelle Walsh, Microsoft President of Cloud Operations + Innovation, said: "AI and cloud are advancing at a pace that requires closer coordination between energy and infrastructure, and we welcome National Grid Ventures' experience and capabilities in helping address this challenge and support reliable, high-performance compute at scale."Joulent also has a multi-gigawatt pipeline of future projects that could provide incremental growth over time.This strategic partnership is intended to extend beyond capital, with National Grid enhancing Joulent through its deep operational capabilities, including expertise in high-voltage networks, system integration and balancing, infrastructure development and project execution. The partnership is also expected to provide insights and relationships that can strengthen National Grid's data center connection program, where it expects to connect more than 10 GW of demand across the U.K. and U.S. over the next five years.The investment is incremental to National Grid's existing five-year capital investment program of at least £70 billion (approximately $90 billion) through 2031 and will be funded through the Group's balance sheet headroom, with a final investment decision expected in 2026. It reflects a disciplined, long-term approach to supporting the energy systems of the future.About National Grid Ventures
National Grid Ventures (NGV), the commercial arm of National Grid plc, develops, builds and operates energy infrastructure that strengthens the power system and delivers reliable, affordable energy for communities. In the U.S., NGV's portfolio includes competitive transmission, battery storage, solar, LNG storage, and conventional generation assets. A global leader in transmission infrastructure, NGV operates the world's largest portfolio of high voltage subsea interconnectors in Europe and is applying that expertise to strengthen and expand the U.S. electric grid. NGV brings decades of experience partnering with regulators and local stakeholders to build energy infrastructure that supports economic growth, improves reliability, and helps deliver lower cost energy to customers.About Joulent
Joulent is a technology-driven energy company purpose-built to deliver reliable, multi-gigawatt energy at the speed and scale required to build the compute for artificial intelligence and other compute-intensive industries. Joulent develops and delivers firm, baseload power solutions engineered to meet the unique demands of advanced computing while minimizing impacts on existing power grids. Its modular, Across-the-Meter™ approach integrates generation, storage, and advanced controls to deliver scalable power directly to new industrial loads, while reducing strain on existing grids and providing exportable power over time. View original content to download multimedia:https://www.prnewswire.com/news-releases/national-grid-ventures-to-invest-1-75bn-to-accelerate-power-solutions-for-us-data-centers-and-ai-302815750.htmlSOURCE National Grid Original: National Grid Ventures to invest $1.75bn to accelerate power solutions for U.S. data centers and AI

National Grid PLC Announces Annual Financial Report and Notice of AGMJune 3, 2026 9:45 AM
ACCESS NewswireLONDON, UK / ACCESS Newswire / June 3, 2026 / National Grid announces that the following documents have today been published and are available on its website, www.nationalgrid.com:Annual Report and Accounts 2025/26Annual Report on Form 20-F 2025/26Notice of 2026 AGMA copy of the proposed updated Articles of AssociationA copy of the existing Articles of Association marked to show the changes being proposed in Resolution 22 of the Notice of 2026 AGMIn accordance with 6.4.1(R) and 6.4.3(R) of the UK Listing Rules, a copy of each of the documents listed above and a copy of the proxy form for the 2026 AGM has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.In addition, in accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, the Annual Report on Form 20-F 2025/26 has today been filed with the US Securities and Exchange Commission and will shortly be available at www.sec.gov.The 2026 AGM of National Grid plc will be held at 11.00am on Tuesday, 14 July 2026 at King's High School, Venues & Events Warwick, Banbury Road, Warwick, CV34 6YE. The AGM will be held as a hybrid meeting, providing shareholders with the opportunity to participate via an electronic meeting platform or in person. For more information, please refer to the Notice of 2026 AGM which is available on the Company's website at https://www.nationalgrid.com/investors/shareholder-information/agm.In compliance 6.3.5R(1A) of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ('DTRs'), information required to be communicated with the media in unedited full text is included in the Annual Report and Accounts 2025/26.Printed copies of the Notice of 2026 AGM and associated documents will be dispatched to those shareholders who have elected to receive paper communications. Shareholders may request a printed copy of the Annual Report and Notice of AGM free of charge. Requests should be directed to box.Group.CoSec@nationalgrid.com.Julian Baddeley
Group Company SecretaryThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: National Grid plcView the original press release on ACCESS NewswireOriginal: National Grid PLC Announces Annual Financial Report and Notice of AGM

Yes, I accidentally bought this..... lol!!!

National Grid (NGG +0.4%) CEO Steve Holliday is preparing to step down by early next year, after 14 years with the company and nine as CEO, according to the Sunday Times.

Just a post.

http://www.nationalgrid.com/corporate