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National Grid Partners

Copperleaf

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Should an organization invest its time, money, and resources into a $100 million, multi-year program to build a new substation? Or spread that investment across a number of smaller projects delivering different benefits? The answers are found in FutureNow.

FutureNow, a digital project, is helping National Grid’s Massachusetts and New York Electric Planning and Asset Management teams maximize investment decisions with the help of NGP portfolio company Copperleaf, which was selected through a competitive tender process. The Vancouver, BC-based software maker provides decision analytics solutions that help asset-intensive organizations develop more effective investment plans for their diverse asset portfolios.

What’s the Story?

“Copperleaf is a proven asset investment portfolio management platform that can assess hundreds of projects on their own merits and allow colleagues to make informed decisions on where and how to invest,” Fedor Petrenko, Principal Product Manager, IT and Digital at National Grid, said. “It can calculate the value or benefits of individual projects based on multiple criteria like reliability, safety, cost, time, resources and the impact to our customers. Copperleaf can even account for the age of equipment and any possible risks. Then, and here’s the really cool bit, it can compare projects against each other across the entire portfolio, based on selected criteria to help us make trade-off decisions based on robust data. So we can deliver value more quickly and get more bang for our buck.”

Once, companies relied on cumbersome Excel spreadsheets filled with complex macros and formulas. But with FutureNow, delivered with the help of Copperleaf, teams can now calculate the value or benefits of individual projects based on multiple criteria like reliability, safety, cost, time, resources, even the age of equipment, and tie these factors into their impact to customers.

As a proven asset investment portfolio management platform, Copperleaf can assess hundreds of projects on their own merits and allow organizations like National Grid to make informed decisions on where and how to invest.

FutureNow is helping compare projects against each other across the portfolio, based on selected criteria to help us make trade-off decisions based on robust data. In addition to providing the kind of project information that helps inform investment strategies, it also helps organizations act more efficiently on their projects, saving time, improving decision making and providing a clearer picture of the project’s future value. 

The FutureNow Use Case

1000s 
Help track 1000s of ongoing US electric projects going on across the country. 

Help make informed investment decisions to determine which projects to start to drive the most value for customers.

Copperleaf and NGP partner for “FutureNow”

Copperleaf: Delivering the future, together.