National Grid Partners Invests $100 Million in AI Energy Startups

National Grid Partners, the corporate venture capital arm of National Grid, has announced a commitment to invest $100 million in artificial intelligence (AI) startups focused on advancing the future of energy. In a press release, the company highlighted that this investment aims to accelerate the development of a more efficient, resilient, and dynamic energy grid.

The new funding will support startups that help improve grid efficiency, reduce emissions, and enhance energy security. National Grid Partners has already invested $150 million in 18 AI companies, which constitute 37% of its portfolio. The latest investment includes Amperon, a provider of AI-powered energy forecasting and analytics solutions.

National Grid Partners, based in Silicon Valley, is the only corporate venture group in the utility industry with a focus on rapid technological impact. More than 80% of its portfolio companies are actively engaged with National Grid business units to streamline operations and improve customer service. This $100 million commitment is expected to further accelerate AI deployments, ensuring that AI delivers more value than the energy it consumes.