GridCARE and National Grid Collaborate to Unlock Grid Capacity for Infrastructure Mar 25, 2026 7:00 AM Eastern Daylight Time GridCARE and National Grid Collaborate to Unlock Grid Capacity for Infrastructure Share Project deploys AI-driven grid optimization to reduce the cost and time required to connect large-load customers REDWOOD CITY, Calif.--(BUSINESS WIRE)--GridCARE, the company accelerating time-to-power for artificial intelligence, and National Grid (NYSE: NGG) today announced a collaboration that ai ...

Group 1 - National Grid plc (NYSE:NGG) is recognized as one of the best utility stocks to buy for dividends in 2026, highlighting its strong dividend appeal [1][8] - The company operates in the transmission and distribution of electricity and gas across various segments, including UK Electricity Transmission, UK Electricity Distribution, New England, New York, and National Grid Ventures [2] - Goldman Sachs raised its price target for NGG from £1,254 to £1,450, indicating an upside potential of over 7% from the current share price while maintaining a 'Buy' rating [3] Group 2 - National Grid expects strong operational performance in full-year 2026, with underlying EPS projected to grow at a compound annual growth rate (CAGR) of 6-8% from a baseline of 73.3p in 2024/25 [4] - The company plans to invest over £11 billion in capital for continuing operations in the ongoing year, reflecting its commitment to growth and infrastructure development [4] - The share price of NGG has increased by over 14% since the beginning of 2026, and it offers an annual dividend yield of 3.47%, further solidifying its position as a strong dividend stock [5]

Core Viewpoint - National Grid is conducting a webcast presentation to discuss its financial performance and future outlook, featuring key executives including the CEO and CFO [1][2]. Group 1 - The presentation is led by Angela Broad, the Director of Investor Relations, who welcomes participants and introduces the session [1]. - The Chief Executive, Zoe Yujnovich, and CFO, Andy Agg, are present to provide insights and answer questions during the Q&A session following the presentation [2]. - All materials related to the presentation will be made available on the company's website shortly after the webcast [2].

National Grid Conference Call Summary Company Overview - **Company**: National Grid - **Industry**: Energy and Utilities Key Points Investment Plans - National Grid plans to invest at least **GBP 70 billion** over the next **5 years**, marking a **70% increase** compared to the previous five-year period [2][5] - The investment will focus on modernizing and expanding networks in the **UK** and **US**, particularly in sectors like **data centers**, **AI**, **healthcare**, and **defense** [2][3] - The investment aims to enhance energy security, affordability, and cleaner energy delivery amidst rising energy costs [3] Financial Performance and Projections - The company anticipates **10% annual asset growth** through to **FY31** and an **underlying earnings per share (EPS) CAGR** of **8%-10%** [5][11] - The dividend per share is expected to grow in line with **CPIH inflation** [5] - The **strong balance sheet** will support the investment strategy while maintaining an investment-grade credit rating [6][10] Regulatory Framework - National Grid has reached an agreement on **RIIO-T3**, the regulatory contract for its UK electricity transmission business, which enhances visibility on required investment levels [4][6] - The new regulatory framework includes improved protections for project cost recovery and introduces **Output Delivery Incentives (ODIs)** for on-time delivery and innovation [9][10] - The company expects to achieve an overall **return on equity (ROE)** above **9%** under the new price control [10][30] Growth Drivers - Key growth drivers include **decarbonization**, **energy security**, and increased demand from **data centers** and **AI** [4] - The company is focused on enhancing its delivery capabilities and has established partnerships to ensure efficient project execution [38][39] Challenges and Considerations - There are ongoing discussions regarding the **US power generation fleet** and the potential impact of contracts expiring in **2028** [18] - The company is navigating planning challenges and is focused on ensuring timely project delivery [50][51] - Cost inflation is being monitored, but the increase in the investment plan is primarily driven by the extension of the timeline and additional project volume rather than significant supply chain cost increases [59] Future Outlook - National Grid aims to maintain a strong balance sheet and leverage its funding options, including unused hybrid debt capacity, to support future investments [10][26] - The company is open to exploring new projects in the US, particularly in transmission, as part of its growth strategy [72] Conclusion - National Grid is positioned to deliver significant growth and value creation through its ambitious investment plans, regulatory agreements, and focus on operational efficiency, while also addressing the challenges posed by market dynamics and regulatory environments [75]

Opt - 2 Cautionary Statement This presentation contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's (the Company) financial condition, its results of operations and businesses, strategy, plans and ...

Group 1 - National Grid Inc. stock is currently trading at $94.80, reflecting a 0.93% increase, with a 10.92% rise over the past month and a 52.81% increase over the past year, indicating strong performance that may lead to optimism among long-term shareholders [1] - The price-to-earnings (P/E) ratio is a critical metric for assessing the company's market performance against historical earnings and industry standards, with a lower P/E potentially indicating undervaluation or lower future performance expectations [2] - National Grid Inc. has a P/E ratio of 22.93, which is lower than the Multi-Utilities industry average of 28.69, suggesting that shareholders may perceive the stock as likely to underperform compared to industry peers or that it is undervalued [3] Group 2 - While the P/E ratio is a useful tool for evaluating market performance, it should be interpreted cautiously, as a low P/E can indicate either undervaluation or weak growth prospects, and it should be considered alongside other financial metrics and qualitative factors for a comprehensive analysis [4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: National Grid (NGG) - National Grid currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, NGG shares increased by 3.27%, while the Zacks Alternative Energy - Other industry declined by 0.89% [5] - In the last quarter, NGG shares rose by 14.48%, and over the past year, they gained 44.37%, significantly outperforming the S&P 500, which increased by only 1.86% and 15.7% respectively [6] - The average 20-day trading volume for NGG is 765,012 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NGG have been revised upwards, increasing the consensus estimate from $5.22 to $5.26 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the positive performance metrics and earnings outlook, NGG is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Industry Overview - U.S. electricity demand is increasing significantly due to the rise of electric vehicles (EVs), data centers, and extreme temperatures, while traditional coal and gas plants are retiring faster than new replacements are being built, leading to a reliance on variable wind and solar power [2] - To address the gap in energy supply, utilities are increasingly adopting virtual power plants (VPPs), which utilize a network of small energy resources to manage demand and supply [2][3] Virtual Power Plants (VPPs) - VPPs are cloud-based networks that aggregate various small energy resources, such as smart thermostats, EV chargers, and home batteries, to function as a single power source [3] - During peak demand periods, VPPs can discharge power from interconnected home batteries and adjust smart appliances to reduce overall demand [3] Company Insights: National Grid - National Grid is a multinational power company that operates as a monopoly in the UK and serves over 20 million customers in the U.S. [5] - The company has seen its shares rise nearly 40% over the past year and offers a dividend yield of approximately 3.7% [6] - In its half-year report, National Grid reported an underlying profit of £2.29 billion (around $3.1 billion), reflecting a 12% year-over-year increase, with earnings per share rising 6% to 29.8 pence (around $0.39) [7] Company Insights: Sunrun - Sunrun has experienced a stock price increase of 94% over the past year, benefiting from the growing demand for VPPs and the need for energy supply during peak times [9] Financial Considerations - National Grid has trimmed its annual dividend payout by 54% this year due to rising energy demand costs, but it plans to invest nearly $82 billion over the next five years to enhance long-term profitability [8]

Core Viewpoint - The UK’s National Grid and TenneT Germany are collaborating to develop GriffinLink, a multi-purpose offshore interconnector aimed at linking British and German offshore wind generation to their respective electricity networks, enhancing energy security and affordability [1][2]. Group 1: Project Overview - GriffinLink is designed to enhance security of supply and market integration across north-western Europe, allowing renewable electricity to be transmitted directly from generation sites to demand centers [2]. - The project aims to minimize costs and supply chain material needs while reducing environmental impacts and effects on coastal communities [3]. - GriffinLink will be the first initiative of its kind in Europe, marking a significant milestone for cross-border energy security and stability [3]. Group 2: Technical and Operational Details - The project will build upon National Grid's existing 7.8GW interconnector portfolio and TenneT Germany's 23GW portfolio, leveraging their experience in constructing and operating interconnectors in Europe [4]. - GriffinLink is expected to become operational by the late 2030s, optimizing offshore wind utilization in the Northern Seas amid rising energy demand driven by electrification and decarbonization [4]. Group 3: Future Development and Research - National Grid Ventures and TenneT Germany will explore GriffinLink's potential as a 2GW multi-purpose interconnector, conducting onshore and offshore studies as part of broader European grid integration efforts [5]. - The development phase will include research into the business case and analysis of socio-economic costs and benefits, with a final investment decision required before proceeding [5]. Group 4: Industry Perspective - National Grid Ventures president emphasized the importance of projects like GriffinLink for enhancing diversity and flexibility in energy systems, maximizing resource efficiency, and minimizing coastal community impacts [6].

Core Insights - The offshore wind industry has committed to invest €9.5 billion ($11.3 billion) in its supply chain by 2030 to enhance capacity in the North Sea, aiming to transform it into a major clean energy reservoir [1] - Leaders from nine European nations signed a declaration to accelerate offshore wind technology, with plans to mobilize €1 trillion in capital, create 91,000 jobs, and reduce power production costs by 30% by 2040 [1] - The goal is to jointly develop 100 gigawatts of offshore wind capacity by 2050, aligning with the bloc's climate-neutrality target [3] Investment and Infrastructure - Grid operator Tennet Germany and the UK's National Grid Plc will build a 3.8 gigawatt interconnector to link offshore wind parks to both countries' coasts, expected to be operational by the end of the 2030s [4] - The investment pact is seen as a means to secure value creation in Europe and ensure future-proof jobs in the offshore sector [5] Policy and Regulatory Framework - The UK has increased support for offshore wind technology, while Germany's recent zero-subsidy tender faced no bidders, indicating a need for adjustments in tender design and investment frameworks [5][6] - The North Sea summit is part of a broader initiative to install 300 gigawatts of capacity in response to the energy crisis caused by geopolitical tensions [7] Environmental Considerations - The North Sea has historically contributed over 9% of global greenhouse gas emissions from oil and gas extraction, and transitioning to renewable energy could help mitigate this impact [9] - There is a call for closer cooperation among countries to protect conservation areas while developing offshore wind infrastructure [9][10]