National Grid Partners (NGP)

National Grid Partners makes and manages strategically and financially attractive investments and leads company-wide innovation efforts. National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc.

Andre Turenne

Director

Patrick Walsh

Director, Investor, General Partner

Past deals in Utilities

VEIR

Series B in 2025
VEIR is a company developing a new approach to using high-temperature superconductors for electricity transmission. Its passive evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling.

Urbint

Series C in 2024
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

TS Conductor

Venture Round in 2024
TS Conductor focuses on high-performance conductors designed for modern power grids, utilizing innovative transmission technology that features a carbon-fiber-composite core instead of traditional steel. This advancement results in conductors that are both lighter and stronger, enabling them to carry greater electrical currents with reduced energy loss and enhanced efficiency. The company manufactures covered conductors with an aluminum encapsulation, which safeguards the composite core from damage and corrosion. This design not only increases the capacity and reliability of electricity transmission and distribution but also promotes sustainability within the energy sector in a cost-effective manner.

AiDASH

Series C in 2024
AiDASH is making critical infrastructure industries climate resilient and sustainable. Using our satellite-first platform for grid inspection and monitoring, our AI applications enable electric and gas utilities and landowners to transform how they manage and maintain their assets. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and advancements in sustainability goals. AiDASH exists to safeguard critical infrastructure and secure the future of humanAIty™. Learn more at www.aidash.com.

Transcend Software

Series B in 2023
Trancend’s mission is to transform the way engineering firms, utilities, and technology suppliers assess and design critical infrastructure. Transcend was started to help transform the culture of these firms by providing software that automates the preliminary engineering of any kind of vertical asset. As these firms implement Transcend’s software it lowers costs, increases revenue (bid on more projects, faster, with more detail in less time), and frees up engineers to evaluate innovative technologies and sustainable design approaches, transcending the standard and sub-optimal solutions of years past.

Modern Hydrogen

Venture Round in 2023
Modern Hydrogen is an innovative energy technology company focused on delivering affordable electricity and clean hydrogen solutions. The company develops a distributed hydrogen production system that enables on-site generation of clean hydrogen while efficiently sequestering carbon. Their technology is designed to convert the heat from industrial and commercial boilers and furnaces into usable power, which helps minimize energy waste. By implementing these systems, Modern Hydrogen aims to assist clients in reducing operational costs, lowering carbon emissions, and enhancing energy resilience during power outages.

LineVision

Series C in 2022
LineVision, Inc. is a developer of advanced transmission line monitoring systems for electric utilities, headquartered in Somerville, Massachusetts. Incorporated in 2018, the company focuses on enhancing the efficiency, flexibility, and safety of overhead power lines. Utilizing patented non-contact sensors, LineVision’s systems provide real-time monitoring and analytics, enabling utilities to assess conductor health, detect anomalies, and optimize asset management through dynamic line ratings. The platform is designed for rapid deployment without the need for scheduled outages or specialized equipment. By delivering critical insights into the performance of transmission lines, LineVision aids utilities in increasing the capacity, resilience, and safety of the electrical grid, thereby supporting the transition to more sustainable energy solutions.

Sitetracker

Series D in 2022
Sitetracker is a software-as-a-service (SaaS) platform that specializes in managing the deployment, operation, and servicing of critical infrastructure and technology. It offers a comprehensive solution for optimizing the entire asset lifecycle, incorporating features such as artificial intelligence, automation, and actionable analytics. The platform supports stakeholders in planning, deploying, maintaining, and growing their capital asset portfolios effectively. Sitetracker is particularly beneficial for industries with high-volume, repeatable projects, such as telecommunications, alternative energy, and utilities. Major companies in these sectors, including Ericsson, Fortis, Google, British Telecom, and Vodafone, utilize Sitetracker to manage extensive projects and assets, collectively valued at over $25 billion worldwide. The platform also facilitates capacity planning and vendor analytics, helping organizations identify staffing needs and resource bottlenecks while connecting project timelines with historical performance data.

Copper Labs

Series A in 2022
Copper Labs, Inc. is a company based in Boulder, Colorado, that specializes in developing Internet of Things (IoT) products and services aimed at enhancing energy management for utilities and consumers. Founded in 2016, Copper Labs has created a wireless energy monitoring system that provides real-time data on electric, gas, and water usage, functioning effectively with or without smart meters. The platform employs machine learning to generate revenue-grade insights, enabling utilities to engage consumers more effectively, manage energy demand, and stabilize the grid. By offering actionable alerts during peak usage periods, Copper Labs empowers consumers to reduce their energy costs and contribute to more efficient energy consumption.

TS Conductor

Series A in 2021
TS Conductor focuses on high-performance conductors designed for modern power grids, utilizing innovative transmission technology that features a carbon-fiber-composite core instead of traditional steel. This advancement results in conductors that are both lighter and stronger, enabling them to carry greater electrical currents with reduced energy loss and enhanced efficiency. The company manufactures covered conductors with an aluminum encapsulation, which safeguards the composite core from damage and corrosion. This design not only increases the capacity and reliability of electricity transmission and distribution but also promotes sustainability within the energy sector in a cost-effective manner.

AutoGrid

Series D in 2021
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.

AiDASH

Series B in 2021
AiDASH is making critical infrastructure industries climate resilient and sustainable. Using our satellite-first platform for grid inspection and monitoring, our AI applications enable electric and gas utilities and landowners to transform how they manage and maintain their assets. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and advancements in sustainability goals. AiDASH exists to safeguard critical infrastructure and secure the future of humanAIty™. Learn more at www.aidash.com.

Urbint

Series C in 2021
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

LineVision

Series B in 2021
LineVision, Inc. is a developer of advanced transmission line monitoring systems for electric utilities, headquartered in Somerville, Massachusetts. Incorporated in 2018, the company focuses on enhancing the efficiency, flexibility, and safety of overhead power lines. Utilizing patented non-contact sensors, LineVision’s systems provide real-time monitoring and analytics, enabling utilities to assess conductor health, detect anomalies, and optimize asset management through dynamic line ratings. The platform is designed for rapid deployment without the need for scheduled outages or specialized equipment. By delivering critical insights into the performance of transmission lines, LineVision aids utilities in increasing the capacity, resilience, and safety of the electrical grid, thereby supporting the transition to more sustainable energy solutions.

Copper Labs

Seed Round in 2021
Copper Labs, Inc. is a company based in Boulder, Colorado, that specializes in developing Internet of Things (IoT) products and services aimed at enhancing energy management for utilities and consumers. Founded in 2016, Copper Labs has created a wireless energy monitoring system that provides real-time data on electric, gas, and water usage, functioning effectively with or without smart meters. The platform employs machine learning to generate revenue-grade insights, enabling utilities to engage consumers more effectively, manage energy demand, and stabilize the grid. By offering actionable alerts during peak usage periods, Copper Labs empowers consumers to reduce their energy costs and contribute to more efficient energy consumption.

Sitetracker

Series C in 2021
Sitetracker is a software-as-a-service (SaaS) platform that specializes in managing the deployment, operation, and servicing of critical infrastructure and technology. It offers a comprehensive solution for optimizing the entire asset lifecycle, incorporating features such as artificial intelligence, automation, and actionable analytics. The platform supports stakeholders in planning, deploying, maintaining, and growing their capital asset portfolios effectively. Sitetracker is particularly beneficial for industries with high-volume, repeatable projects, such as telecommunications, alternative energy, and utilities. Major companies in these sectors, including Ericsson, Fortis, Google, British Telecom, and Vodafone, utilize Sitetracker to manage extensive projects and assets, collectively valued at over $25 billion worldwide. The platform also facilitates capacity planning and vendor analytics, helping organizations identify staffing needs and resource bottlenecks while connecting project timelines with historical performance data.

AiDASH

Series A in 2020
AiDASH is making critical infrastructure industries climate resilient and sustainable. Using our satellite-first platform for grid inspection and monitoring, our AI applications enable electric and gas utilities and landowners to transform how they manage and maintain their assets. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and advancements in sustainability goals. AiDASH exists to safeguard critical infrastructure and secure the future of humanAIty™. Learn more at www.aidash.com.

Urbint

Series B in 2020
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

Urbint

Venture Round in 2019
Urbint is a technology company that develops a field risk management platform aimed at enhancing safety for workers and critical infrastructure. By utilizing real-world data and artificial intelligence, Urbint's software predicts potential threats, providing decision-makers with insights about risks up to a week in advance. This proactive approach allows utilities and infrastructure operators to take timely actions to prevent incidents, thereby protecting their workers, assets, and the communities they serve. Many leading energy and infrastructure companies in North America rely on Urbint's solutions to ensure a safer and more resilient operational environment.

Copperleaf

Venture Round in 2019
Copperleaf Technologies Inc. offers enterprise software solutions designed for asset-intensive organizations facing challenges related to aging infrastructure, both in Canada and internationally. The company specializes in decision analytics that help clients optimize capital planning, asset life cycle planning, and budgeting. Its key products include Copperleaf C55, a software solution for asset investment planning and management that enables organizations to make risk-informed decisions by utilizing real data to forecast performance and evaluate investment options. Additionally, Copperleaf provides Copperleaf ESP, a solution for demand-side management that allows utilities to design, analyze, and manage their demand-side projects. Serving industries such as electrical power generation, transmission, distribution, and gas and water utilities, Copperleaf has established a global network of expert partners to distribute and support its solutions. Founded in 2000 and headquartered in Burnaby, Canada, Copperleaf is recognized for its commitment to advancing asset management standards and has been acknowledged as one of Canada’s fastest-growing software companies.

Sitetracker

Series B in 2019
Sitetracker is a software-as-a-service (SaaS) platform that specializes in managing the deployment, operation, and servicing of critical infrastructure and technology. It offers a comprehensive solution for optimizing the entire asset lifecycle, incorporating features such as artificial intelligence, automation, and actionable analytics. The platform supports stakeholders in planning, deploying, maintaining, and growing their capital asset portfolios effectively. Sitetracker is particularly beneficial for industries with high-volume, repeatable projects, such as telecommunications, alternative energy, and utilities. Major companies in these sectors, including Ericsson, Fortis, Google, British Telecom, and Vodafone, utilize Sitetracker to manage extensive projects and assets, collectively valued at over $25 billion worldwide. The platform also facilitates capacity planning and vendor analytics, helping organizations identify staffing needs and resource bottlenecks while connecting project timelines with historical performance data.

AutoGrid

Venture Round in 2018
AutoGrid is a company that specializes in energy data management and big data analytics to enhance the efficiency of energy delivery. Founded in 2011 at Stanford University, AutoGrid develops a suite of applications aimed at managing distributed energy resources (DERs) in real time. These applications allow utilities, electricity retailers, and energy service providers to optimize energy distribution by leveraging vast amounts of data from smart meters, sensors, and third-party sources. By employing advanced algorithms and data science techniques, AutoGrid enables clients to monitor, predict, and control energy assets across global networks, ultimately facilitating the delivery of clean, affordable, and reliable energy. The team comprises skilled software architects, engineers, data scientists, and energy experts dedicated to addressing critical challenges in the energy sector.
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