Wednesday 11 January 2017

National Grid invests $100m in US solar venture

National Grid invests $100m in US solar venture

National Grid has committed $100 million (£82.8m) in a new partnership venture with a US solar company.

It includes a joint marketing agreement, a collaborative grid services pilot and a direct investment by National Grid in around 200MW of Sunrun’s rooftop solar systems.

The two organisations aim to accelerate the adoption of rooftop solar in a “cost-effective, highly scalable way”.

The programme is initially targeting around 100,000 single family homes in National Grid’s downstate New York service area.

They also aim to explore options of how distributed energy resources might be aggregated and used to help keep the energy grid balanced and optimised. Currently these services are typically provided by centralised generators.

John Flynn, SVP of Strategy and Business Development at National Grid said: “This exciting partnership with Sunrun provides an opportunity for National Grid to increase our capability in the distributed energy space and enhance our ability to meet the changing energy needs of our customers and communities.”

Written by

Bruna Pinhoni

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