National Grid plc (NGG) Bundle
An Overview of National Grid plc (NGG)
General Summary of National Grid plc
National Grid plc (NGG) is a multinational electricity and gas utility company headquartered in London, United Kingdom. Established in 1990, the company operates critical energy infrastructure across the United Kingdom and Northeastern United States.
Company Metric | 2024 Value |
---|---|
Total Assets | £64.2 billion |
Employee Count | 22,400 |
Geographic Operational Regions | UK and Northeast US |
Financial Performance
National Grid's latest financial report reveals robust financial metrics:
Financial Indicator | Amount |
---|---|
Annual Revenue | £18.3 billion |
Net Profit | £3.6 billion |
Dividend Yield | 5.8% |
Industry Leadership
National Grid operates as a critical infrastructure provider with significant market presence:
- Manages 7,200 kilometers of electricity transmission networks
- Serves 11 million electricity and gas customers
- Maintains over 67,000 kilometers of gas pipelines
Market Position | Ranking |
---|---|
UK Energy Transmission Market | Top 1 |
US Northeastern Energy Infrastructure | Top 3 |
Mission Statement of National Grid plc (NGG)
Mission Statement Overview
National Grid plc's mission statement focuses on delivering reliable, affordable, and sustainable energy infrastructure.
Core Mission Components
Component | Specific Details | 2024 Metrics |
---|---|---|
Energy Infrastructure | Electricity and gas transmission networks | 99.99% network reliability |
Sustainability Target | Carbon reduction commitment | 45% carbon emissions reduction by 2030 |
Operational Regions | United Kingdom and Northeastern United States | £14.4 billion total network assets |
Strategic Mission Objectives
- Ensure 99.99% energy network reliability
- Invest £30 billion in energy infrastructure by 2030
- Achieve net-zero carbon emissions by 2050
Key Performance Indicators
Metric | 2024 Value |
---|---|
Total Revenue | £14.2 billion |
Network Coverage | 7.8 million electricity and gas customers |
Renewable Energy Investment | £6.5 billion |
Mission-Driven Strategies
Energy Transition Focus: Accelerating renewable energy infrastructure development across UK and US markets.
Customer Commitment: Maintaining high-reliability standards while reducing environmental impact.
Vision Statement of National Grid plc (NGG)
Vision Statement of National Grid plc (NGG)
Strategic Vision FrameworkNational Grid plc's vision statement focuses on leading the energy transition towards a zero-carbon future by 2050.
Key Vision Components
Carbon Neutrality CommitmentTarget Year | Carbon Reduction Goal | Investment Allocation |
---|---|---|
2050 | Net Zero Emissions | £10.1 billion infrastructure investment |
- Offshore wind capacity expansion to 4.5 GW by 2030
- Green hydrogen infrastructure development
- Grid modernization investments of £7.5 billion
Technology Area | Investment (2024) | Expected Capacity |
---|---|---|
Smart Grid Technology | £1.2 billion | 15% grid efficiency improvement |
Energy Storage Solutions | £850 million | 2 GW battery storage capacity |
- Reduce operational carbon emissions by 80% by 2030
- Increase renewable energy transmission by 40%
- Develop 10,000 electric vehicle charging points
Core Values of National Grid plc (NGG)
Core Values of National Grid plc (NGG) in 2024
Safety First
National Grid's core commitment to safety in 2024 is evidenced by:
Total Recordable Injury Rate | 1.8 per 200,000 work hours |
Annual Safety Investment | £127 million |
Employee Safety Training Hours | 98,500 hours |
Environmental Sustainability
Key environmental performance metrics:
- Carbon emissions reduction target: 50% by 2030
- Renewable energy infrastructure investment: £3.2 billion
- Green energy transmission capacity: 6.5 GW
Innovation and Technology
R&D Investment | £245 million |
Digital Grid Transformation Budget | £380 million |
Smart Grid Technologies Deployed | 42 distinct technologies |
Customer Commitment
Customer service performance metrics:
- Customer satisfaction rating: 87%
- Average response time: 45 minutes
- Complaint resolution rate: 94.6%
Diversity and Inclusion
Women in Leadership Positions | 38% |
Ethnic Minority Representation | 22% |
Inclusion Training Budget | £5.7 million |
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