National Grid Partners has committed $100 million to invest in AI startups aimed at enhancing energy grid efficiency and reliability.

Target Information

On March 12, 2025, National Grid Partners, the corporate venture capital and innovation wing of National Grid plc, announced its commitment to invest $100 million (£77.3 million) in artificial intelligence (AI) startups that are pioneering advancements in the energy sector. This investment aims to catalyze the development of a more efficient, resilient, and dynamic energy grid, which will, in turn, foster economic growth, lower customer expenses, assist in achieving climate objectives, and bolster energy security.

Included in this commitment is National Grid Partners' latest investment in Amperon, a distinguished provider of AI-driven energy forecasting and analytics solutions. Amperon's innovative technology is instrumental for utilities in managing demand effectively while ensuring grid reliability. Since its inception in 2018, National Grid Partners has deployed over $150 million (£115.9 million) across 18 AI-focused startups in the energy innovation space, representing 37% of its investment portfolio.

Industry Overview

The energy sector in the United States is undergoing significant transformation due to growing demand and the urgent need for infrastructure modernization. Factors such as the rapid rise of data centers and the electrification of transportation contribute to unprecedented challenges for power s