National Grid’s Mega Transmission Bet Could Be the Backbone of the Green Energy Boom; What’s Next?

National Grid, a major utility company operating in the UK and the US, presented its annual results, showcasing a notable year of capital investment and regulatory progression. The company’s focus remains steadfast on its pure-play network strategy, aiming for substantial asset growth and stable earnings over the next five years. In the financial year, National Grid delivered a record capital investment of £9.8 billion, a 20% increase from the previous year. This substantial investment is part of a broader £60 billion commitment over five years to support asset growth and enhance energy infrastructure resilience. Significant emphasis is placed on projects in the UK, including major substation upgrades and connections within regulated businesses. In the US, efforts were directed towards significant upgrades such as the Upstate Upgrade project in New York.