National Grid Eyes Bigger Foothold in Growing U.S. Power Market

National Grid Eyes Bigger Foothold in Growing U.S. Power Market

October 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--National Grid plc (NYSE:NGG) (London, England), which operates energy assets in the U.S. and the U.K., is upbeat about the prospects for its 2024 fiscal year. The company says its performance is in line with its expectations, with the second half of the year set to provide stronger growth, particularly in its U.S. operations.

Industrial Info is tracking more than $7.8 billion worth of active and proposed projects from National Grid across the U.S., more than 40% of which is attributed to projects in the Great Lakes region. National Grid has just more than $1 billion worth of U.S.-based projects under construction, nearly half of which is attributed to projects that began construction earlier this year.

Other companies featured: Fujifilm and Bristol-Myers Squibb Company (NYSE:BMY)

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