COMPANY PROFILE

National Grid

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Own the electricity & gas transmission system with day to day responsibility of balancing supply and demand

London, United KingdomFounded 1990Energy

Valuation $135B Market cap · 2026

Revenue $23B Latest reported FY

EBITDA $11B Latest reported FY

About National Grid

National Grid was established in 1990 as part of the privatization of the electricity industry in England and Wales. The company emerged from the electricity transmission activities of the Central Electricity Generating Board, marking a significant shift in the energy sector.

In 2000, National Grid underwent a pivotal transformation by merging with Lattice Group, the owner of the gas pipeline network in the UK. This merger created National Grid Transco, a powerhouse in both electricity and gas transmission, and positioned the company as a critical player in the UK's energy infrastructure.

The company continued to expand its reach and capabilities, notably entering the U.S. market. This expansion was marked by the acquisition of several key energy companies, further solidifying its presence in the international energy landscape.

National Grid's journey is characterized by strategic mergers and acquisitions, which have enabled it to adapt to the evolving energy needs of the modern world. Today, it stands as a leader in the transmission of electricity and gas, committed to delivering sustainable energy solutions and driving innovation in the energy sector.

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At a glance

Status: Listed
Founded: 1990
Headquarters: London, United Kingdom
Listing: IPO 1999
Employees: 12,259
Open positions: None listed
Dealroom signal: 0.0/100
Industry: Energy
Sub-industry: Energy Providers
Sector: Energy, Outside Tech, Energy Infrastructure Project
Business model: Manufacturing
Client focus: b2b
Investment activity: 10 companies, latest Jul 2026
Capital deployed: $161M
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

News, research, reports and resources connected to this company by Dealroom

Funding history

6 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
POST IPO DEBT✓Debt	Aug 2026	$917M	—	Undisclosed	↗
POST IPO DEBT✓Debt	Jul 2026	$185M	—	Undisclosed	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin	R&D
2026	$23B	-3.8%	$11B	47.4%	$4.3B	18.3%	$23M
2025	$24B	-7.4%	$11B	43.2%	$3.8B	15.8%	$23M
2024	$26B	-8.4%	$10B	39.3%	$3B	11.5%	$23M
2023	$29B	+18.6%	$8.8B	30.5%			$23M
2022	$24B	+23.6%	$7.7B	31.8%
2021	$20B	+1.6%	$6.2B	31.8%
2020	$19B	—	$6.8B	35.1%

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Growth signals

National Grid website traffic

Latest recorded traffic for National Grid is 520K monthly website visits, up 126.1% over the last three months. National Grid's team grew 0% over the past year.

Latest monthly visits520K 3-month web change+126.1% 1-year team growth0%

Monthly website visitsMar 2017–Mar 2021

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