National Grid is one of the world’s largest publicly listed utilities, focused on the safe, reliable, and efficient transmission and distribution of electricity and gas to millions of customers and communities. Spanning the U.K. and the U.S., National Grid lies at the heart of a transforming energy system.
National Grid was looking to digitize its Asset Investment Planning and Project Portfolio Management capabilities. Copperleaf was selected four times through independent RFP processes run by each National Grid business unit. Copperleaf Portfolio™ was initially implemented at National Grid’s U.S. Gas business in 2017. Subsequently, Copperleaf Asset™ and Copperleaf Portfolio were implemented in National Grid Gas Transmission (NGGT) and National Grid Electricity Transmission (NGET) in the U.K. in 2018. In 2021, the company expanded the Copperleaf system to its electricity business in the U.S.
Following the initial selections across the National Grid business units, National Grid Partners (NGP) invested US$10 million in Copperleaf in 2019. NGP is the venture investment arm National Grid created to ‘future-proof itself’ and advance the energy systems of tomorrow.
NGET and Copperleaf co-developed an innovative Circuit Optimization solution known as Intelligent Bundling. This collaboration has resulted in several awards, including the Institute of Asset Management Innovation Award (2020). The implementation of Copperleaf has enabled NGGT to carry out investment optimization across its entire project portfolio and helps the company deliver its business plan as cost-effectively as possible, contributing to a 4% efficiency on capital expenditure, saving £11 million per year. Our work with NGGT was recognized with the Institute of Gas Engineers and Managers Project of the Year and Product of the Year awards (2021).
Working with Copperleaf has really felt like working with a partner to co-create a value-based decision making framework. It’s enabled us to create a much better asset replacement plan that’s more efficient, better for our customers, and internal and external stakeholders.
Project planning can be tricky at the best of times . . . We’ve previously had to use multiple systems and processes across a number of teams, meaning lots of extra time and effort . . . But this is changing with FutureNow, which we are delivering with the help of Copperleaf.
We now have over 300 colleagues managing all their project information in one place. This is genuinely going to save us time, improve our decision-making, and give us a clear picture of each project’s value.
An integrated asset investment planning and management process
In preparation for the next regulatory period, National Grid embarked on a journey to improve its Asset Investment Planning and Project Portfolio Management capabilities. The implementation of Copperleaf Portfolio™ and Copperleaf Asset™, will help NGGT deliver its business plan as cost-effectively as possible, contributing to a 4% efficiency on capital expenditure, saving £11 million per year.