|Bid||62.50 x 400|
|Ask||62.51 x 500|
|Day's range||62.43 - 63.07|
|52-week range||60.08 - 80.34|
|PE ratio (TTM)||4.27|
|Dividend & yield||2.92 (4.73%)|
|1y target est||75.58|
The first phase of a four-year £246m Government investment into battery technology has been launched in a move that could help bring down household electricity bills. The long-term vision includes creating giant battery facilities around the National Grid (LSE: NG.L - news) to store excess wind and solar energy for when demand rises. In addition, new rules will help households with solar panels to generate and store their own electricity with new battery technology and sell it back to the Grid when they do not need it.
The first phase of a four-year £246m Government investment into battery technology is being launched to make batteries more accessible and affordable. Business and Energy Secretary Greg Clark will unveil details of the first phase, known as the Faraday Challenge, on Monday. This will include a £45m competition to establish a centre for battery research which he says will help make the UK a world leader in the design, development and manufacture of electric batteries.
Adriana Karaboutis plans to join National Grid in the newly created position of chief information and digital officer Aug. 14.