# National Grid Partners

National Grid Partners is an Asset Manager based in Menlo Park, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Menlo Park, United States
- **Region:** Europe
- **Address:** Menlo Park, CA, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** ngpartners.com
- **LinkedIn:** https://www.linkedin.com/company/national-grid

## Regulatory record

- **Reports private funds:** No

## About

For entrepreneurs with a provocative vision for energy & IT; National Grid Partners is the only utility venture & innovation fund that taps into the global network of National Grid, accelerating companies with investment, innovation, incubation & business development; realizing the full potential of energy

## Sectors

- Energy Transition & Renewables
- AI/ML
- Cybersecurity
- Industrial Tech
- Enterprise Software
- ClimateTech

## Offices

- London, United Kingdom

## People

- Steve Smith — President
- Pradeep Tagare — Head of Investments
- Brett Chandler — Vice President
- Gerard Kelly — Vice President

## Questions

### Who runs investment decisions at National Grid Partners?

Pradeep Tagare is the Head of Investments, leading the investment team within NGP. He operates under President Steve Smith, who oversees the firm's overall strategy as the corporate venture and innovation arm of National Grid. The team draws on roughly 100 years of combined investment experience, according to the firm.

### What investment stages does National Grid Partners typically target?

The firm invests across a range of stages. The portfolio site states it backs startups 'from disruptive seed ideas to more mature companies at the intersection of energy and emerging tech.' Confirmed positions include early-stage companies like direct ocean capture spinout Captura and later-stage firms like industrial AI platform Avathon (formerly SparkCognition).

### How does National Grid Partners source its deal flow?

Deal sourcing is uniquely tied to National Grid's operational footprint and the NextGrid Alliance, a network of over 150 global utilities that NGP convenes. This structure surfaces pain points directly from grid operators and provides a pipeline of startups addressing specific infrastructure challenges. The firm also partners with venture capital funds in the UK and Israel to access deep-tech startups.

## Related profiles

- [Incorta](https://altss.com/profile/incorta)
- [Trident Maritime Systems](https://altss.com/profile/trident-maritime-systems)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/national-grid

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology