Waltham, MA, July 21, 2021 /3BL Media/ – National Grid ( NYSE: NGG ), one of the largest investor-owned utility companies in the world, announced today that its Emerald Energy Venture, LLC joint venture has secured an innovative $150 million Portfolio Revolving facility, with an accordion feature that will allow an increase to $250 million beginning in mid-2022, to support the growth of its renewable energy portfolio in the U.S. The new financing will support part of the construction of a mix of solar, battery storage and wind projects being developed by National Grid Renewables, the company's competitive renewable energy arm.