The organization provides a multi-functional approach to building startups, including innovation (new business creation), pathfinding and incubation, corporate venture capital, business development and venture acceleration. NGP invests for strategic and financial impact and leads companywide disruptive innovation efforts. National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.įor more information, please visit our website, follow us on Twitter, watch us on YouTube, friend us on Facebook, and find our photos on Instagram. Leap is a privately held company with offices in San Francisco and the Netherlands.Ībout National Grid About National Grid: National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. Leap empowers its partners to provide resilient, zero-carbon capacity to the grid while strengthening engagement with their customers through new value streams. By making it easy for new distributed resources to participate in energy markets, Leap lays the groundwork for virtual power plants (VPP). Leap does all of the heavy lifting, seamlessly connecting technology partners to high-value revenue streams and providing a simplified, automated access point for market participation with batteries, electric vehicle charging, smart thermostats, HVAC systems, industrial facilities, and other flexible assets. “Leap’s platform provides an innovative way for energy consumers to provide a zero-carbon resource to energy markets.”Ībout Leap Leap is the leading global platform for generating new value from grid-connected resources and devices through integration with energy markets. “We’re always looking for cutting-edge ways to bring more clean energy to the electric grid,” said Lisa Lambert, Chief Technology and Innovation Officer at National Grid and Founder and President of National Grid Partners, the utility’s venture investment and innovation arm, which is an investor in Leap. “This technology delivers substantial benefits to the grid and the environment.” “This pilot project will help reduce New York’s dependency on the least efficient and most expensive electrical generation options, increase grid stability, and bring down the cost of electricity for all,” said Thomas Folker, Co-Founder and CEO of Leap. This also leads to cleaner air by reducing reliance on fossil-fueled “peaker” plants that are commonly activated when energy demand is high. By aggregating flexible loads from an array of DERs, Leap allows grid operators like NYISO to efficiently utilize distributed demand side resources to balance the grid. Leap’s universal API and automated technology platform enables distributed energy resources (DERs) such as thermostats, EV chargers, HVAC systems, and more to respond to real-time pricing signals, contributing crucial flexibility to the stressed grid. Leap simplifies access to energy markets and enables dynamic, market-driven participation in grid services such as demand response. Leap’s platform makes it easy for building owners to achieve savings while supporting a cleaner, more resilient electric grid.” Building energy systems and other distributed assets on the grid have an essential role to play in the interactive energy system of the future. “Energy efficiency is the first pillar in National Grid’s Clean Energy Vision: A fossil-free future for cleanly heating homes and businesses. “National Grid is proud to lead by example by reducing energy consumption to help work towards New York’s ambitious climate targets,” said Shri Madhusudhan, Head of Operations Support, NY at National Grid. Each site will provide capacity, and, if needed, load reduction to help balance the electric grid. These facilities will also participate in Consolidated Edison’s Commercial System Relief Program (CSRP) and/or Distribution Load Relief Program (DLRP), as each location is in Con Edison’s electricity service area. With Leap’s help, National Grid will participate in the New York Independent System Operator’s (NYISO’s) Special Case Resources (SCR) Program at Grid’s Greenpoint, Forest Avenue, Farmers Boulevard and Gulf Avenue locations. The collaboration will help National Grid reduce electricity consumption at four of its New York City offices during times when conservation is most critical to the regional electric grid. SAN FRANCISCO & NEW YORK-Leap, a leading provider of energy market access, and National Grid, one of the largest energy companies in the world, today announced a pilot project to provide Demand Response (DR) using Leap’s distributed energy software platform.
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