Here is a list of the top 10 Power companies in the world 2015. Power is the main backbone of any country growing or looking to boost its economy. From industries to machines to transport system to offices to residential areas to hospitals, all are in need of power. Some of the biggest companies in the world are power companies only because they provide the precious power to all industries and companies.
10. National Gridlines PLC
Headquartered in London, UK, National Grid PLC is an electricity & gas utility company.
Image: company website
It is involved at all stages, right from production to supply of electricity and gas to households & commercial customers. It has a primary listing in the London Stock Exchange and is a constituent of the FTSE 100 Index. Born from the breakup of Central Electricity Generating Board of England & Wales in 1990, National Grid Company got the transmission activities of CEGB. Through aggressive acquisitions, National Grid expanded in gas distribution as well as electrical distribution businesses. Its main markets are in UK & Northeastern USA where it functions through the following divisions:
UK Electricity Transmission, UK Gas Transmission, UK Gas Distribution and US Regulated. In 2 decades, US Regulated operations account for 30% of the gross operating profit, exhibiting the success of the company’s expansion plans in the US. In July 2014, National Grid was named as Responsible Business of the Year 2014 by Business in the Community (BITC) demonstrating the company’s commitment to transmitting energy the eco-friendly way. The company has already reduced its carbon footprint by around 25% from 2010-11 and plans to reduce it by a further 45% by 2020. It actively engages with local administration to shape energy policy like engagements with New York State for REV filings.
Recently, the government overhaul of energy policy in Britain has resulted in some worrying times for National Grid, with the company seemingly unable to cope up with peak time power requirements in 2014. This has prompted the company to focus on green energy, with plans to build, own & operate 16MW of solar generation in Massachusetts.