National Grid Sponsorship Coincides with Greentown Labs Move to New Somerville, Mass. Location
February 7, 2014 – National Grid today announced its sponsorship of Greentown Labs, one of the nation’s largest cleantech incubators. The $50,000 “Terawatt” sponsorship level will enable Greentown Labs to further provide its entrepreneurs access to the equipment, services, education, and network they need to launch their companies.
“National Grid is pleased to support Greentown Labs and help boost the local area’s presence as a cleantech hub,” said Marcy Reed, president of National Grid in Massachusetts. “Clean energy is a top priority for National Grid. What’s more, as a member of this community, it’s in our best interest to support new local businesses—especially those that are at the cutting edge of the innovation and technology needed to solve the country’s energy and environmental problems.”
Greentown Labs, which offers a collaborative workspace for cleantech companies, recently moved from its former spot in South Boston to its new and expanded location at 28 Dane Street in Somerville, Mass. The new building offers 33,000 sq. ft. of prototyping lab and co-located office space, a shared machine and electronics shop, immersion in a growing community of energy and clean technology entrepreneurs, and on-site events and programs designed to enable start-ups to rapidly grow their networks and companies.
“We are excited to be working with a company like National Grid that is at the forefront of exploring innovation in services and service delivery in an energy-constrained economy,” said Emily Reichert, Ph.D., executive director of Greentown Labs. “Thanks to their sponsorship, more entrepreneurs will be able to pursue their dreams of creating game-changing energy technologies that transform the way energy is produced and consumed.”
In recognition of the sponsorship, Greentown Labs has named a conference room after National Grid and will display the company’s logo in its hall. National Grid, in turn, has joined Greentown Lab’s advisory board and has pledged to continue its commitment by being an active participant in its events.
About Greentown Labs
Greentown Labs, New England’s largest cleantech incubator, operates a 33,000 sq. ft. facility in Somerville, Mass. that enables entrepreneurs to solve the biggest energy and environmental problems. Founded in 2011 by four entrepreneurs who banded to together to rent space to build prototypes for their companies, Greentown Labs is home to more 30 companies that hold more than 16 patents, raised more than $35,000,000 in capital, and employ more than 100 people. Greentown Labs hosts a constant stream of events and programs for the cleantech community and tours more than 5,000 visitors from around the world each year. Its mission is to enable a vibrant community of entrepreneurs to realize their visions by providing the access to the space, resources, and funding needed in order to thrive. For more, visit www.greentownlabs.com , Twitter (@greentownlabs), Facebook, or LinkedIn.
About National Grid
National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks. The company is at the heart of one of the greatest challenges facing our society – to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid holds a vital position at the center of the energy system and it ‘joins everything up’.
In the northeast US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles. In Great Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country.
National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New York and Rhode Island. It is the largest distributor of natural gas in northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts and Rhode Island.