is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. NGV’s diverse portfolio of low carbon and renewable energy businesses across the UK, Europe and US includes subsea electricity interconnectors, wind and solar power, and battery storage. NGV operates outside of National Grid’s core regulated businesses in the US and UK where it develops, operates and invests in energy projects, technologies and partnerships to accelerate the development of a clean energy future. National Grid Ventures (NGV) is the non-regulated division 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. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. 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 and Massachusetts. If awarded, the Garden State Energy Path would be in operation by early 2029, ready for use by selected New Jersey offshore wind farms. The majority of construction will be conducted during off-peak seasons, minimizing shore disruptions for local communities and visitors. The companies are committed to creating local jobs and contributing to the New Jersey economy. The proposal incorporates stakeholder feedback into the project’s design, resulting in a solution that will bypass known environmentally sensitive areas wherever feasible and support local pedestrian and vehicle access during construction. We worked with National Grid Ventures to propose a clean energy project that provides the reliability customers need at the best cost possible and with reduced impact on local communities.” “This project uses the most efficient design to be ready to carry clean, renewable wind power for New Jersey homes and businesses. “The Garden State Energy Path will enable the grid to accommodate new sources of renewable energy and handle increased demand as customers transition away from fossil fuels,” said Stuart Nachmias, President of Con Edison Transmission. “Pre-build infrastructure is a smart and coordinated approach to transmission for offshore wind, reducing the need to separately construct transmission infrastructure for each offshore wind project.” With our partners at Con Edison Transmission, we designed a cost-effective project that has the flexibility to support the latest grid technologies,” said Will Hazelip, President of National Grid Ventures, US Northeast. “New Jersey communities can rely on the Garden State Energy Path to provide a route that reduces community disruption and maximizes benefits. NGV and Con Edison Transmission both bring decades of experience in building underground transmission projects, and a longstanding reputation for developing and operating such infrastructure in the Northeast. This project is foundational to helping New Jersey reach its goal of 11 gigawatts (GW) of offshore wind by 2040. The project consists of “pre-build infrastructure” that will house the cables carrying electricity generated by four wind projects to the grid. The project will be underground, allowing the cables to be protected from storms and other extreme weather that can cause customer outages. The Garden State Energy Path will enable delivery of approximately 6 gigawatts of offshore wind power from its point of landfall at the Sea Girt National Guard Training Center to the Larrabee Tri-Collector Station, in Howell Township. National Grid Ventures (NGV) and Con Edison Transmission this week submitted a proposal to build transmission infrastructure that will carry offshore wind power to New Jersey’s electric grid.
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