National Grid Ventures
On this page you can find out about National Grid Ventures, the commercial business within National Grid group. You'll find links and information about our current projects, including interconnectors, and our latest news stories.
National Grid Ventures (NGV)
NGV is separate from National Grid’s core regulated businesses and we’re home to a diverse portfolio of energy businesses that deliver competitive products and services for a broad range of customers.
We develop, operate and invest in energy projects, technologies, and partnerships to help accelerate the development of a clean energy future for consumers across the UK, Europe and the United States.
National Grid Partners – venture capital
National Grid Partners are the venture capital and innovation arm of National Grid Ventures. If you’re a company or investor that’s interested in finding out more about our services, please visit our website.
National Grid completes acquisition of Geronimo Energy in the US
On 15 July 2019, National Grid completed its acquisition of Geronimo Energy, a leading wind and solar developer in the US, for $100 million. The deal was announced on 7 March, 2019, and has now met all regulatory and statutory requirements.
This new acquisition continues National Grid’s investment in clean energy and Geronimo will sit in National Grid Ventures (NGV), alongside our interconnector portfolio.
Who we are and what we do
National Grid Ventures (NGV) is a diverse portfolio of energy businesses, focused on innovation and new technologies.
NGV is a business within the National Grid group, however it operates in competitive markets outside of National Grid’s two core regulated activities in the US and UK.
NGV develops, operates and invests in innovative energy projects, technologies, and partnerships to help accelerate the development of a clean energy future for consumers.
National Grid already plays a key role in accelerating the growth of renewable energies and low carbon generation across the US and UK.
In addition to regulated utility operations, NGV helps bring low carbon power to UK consumers through a portfolio of sub-sea interconnectors. It also has a growing portfolio of renewable energy interests in the United States including battery storage, solar power and offshore wind development partnerships.
NGV delivers competitive energy products and services to our customers. As the energy landscape evolves, NGV is focused on developing businesses that deliver flexible, reliable and innovative energy solutions to meet the changing demands of more connected customers.
We create value for our customers (and investors) by anticipating what customers want, reducing the costs of energy delivery today and pioneering the flexible energy systems of tomorrow.
Badar Khan is the president of National Grid Ventures and EVP of Corporate Development for National Grid plc.
He is responsible for driving growth for National Grid in competitive markets in the US and UK. In particular, he is focused on leveraging technology to transform the way homes and businesses engage and use energy.
Badar was previously CEO of Texas-based Direct Energy, a leading energy retailer with more than five million customers. His extensive experience in energy spans retail power, gas and energy-related services, wholesale energy trading, upstream power generation, and oil and gas exploration and production. He has been a leader in the restructuring of the retail and wholesale power markets in both the US and the UK.
Badar has a degree in engineering from Brunel University in London and an MBA from the Wharton School of Business at the University of Pennsylvania.