The invention discloses exothermic welding powder for welding novel grounding grid materials. The exothermic welding powder comprises, by weight, 45%-60% of copper oxide, 8%-13% of aluminum powder, 20%-30% of copper powder, 5%-15% of copper-phosphorus alloy powder, 1%-5% of tin powder, 2%-6% of fluorite powder, 1%-4% of borax powder and the balance alloy powder. The alloy powder comprises, by weight, 8%-12% of Ca, 40%-47% of Si, 28%-32% of Ba and the balance impurities. According to the exothermic welding powder, raw materials are low in price and easy to get, the problems that pores, slag inclusion, hot tear and the like can be easily generated in the welding process by using the exothermic welding powder are solved, the quality of welded joints is reliable, the connecting cost of the novel grounding grid materials is lowered, and the development of a grounding system in electric power engineering in China is facilitated.