New England Council member National Grid recently announced plans to invest almost $1.2 billion into initiatives to increase energy efficiency. The investment is expected to save customers more than $3.5 billion.
Over the next three years, National Grid will work with customers invest nearly $850 million in electric energy efficiency projects. These projects will include new incentives for landlords and homeowners to weatherize their buildings, zero energy and renewable energy building design education programs, and the creation of a new construction team that will consult with commercial clients on the design of new high-performance energy efficient buildings. The company will invest an additional $382 million in natural gas energy efficiency. These improvements and investments are expected to save 17.6 megawatts of electricity and over 600 million therms of natural gas. They also reflect a reduction in greenhouse gas emissions equal to taking 200,000 cars off the road.
“We believe the programs will further solidify [Massachusetts’s] standing as the most energy efficient in the country and will help customers save on their energy bills while making their homes more comfortable and their businesses more profitable,” said Marcy Reed, president of National Grid in Massachusetts and a New England Council board member.
The New England Council commends National Grid for their ongoing commitment to energy efficiency.