National Grid launches $20 B-worth grid overhaul
Image for illustration purposes
UK, London: National Grid has just launched the largest overhaul of the grid in generations, enabling the use of renewable energy to power the country.
The Great Grid Upgrade will see significant new infrastructure built across England and Wales to move more clean energy from where it’s generated to where it’s needed, helping the UK meet its net zero ambitions and reduce its reliance on fossil fuels.
By connecting more clean, renewable energy from where it’s generated out at sea to where it’s needed by communities across the UK, The Great Grid Upgrade will also contribute to lower energy bills over the long term, provide a catalyst for a green jobs boom and make the UK’s energy more self-sufficient.
“Our vision is a clean, fair and affordable energy future for the UK. The Great Grid Upgrade will play a major part in delivering this,” said Carl Trowell, President of Strategic Infrastructure at National Grid.
The Great Grid Upgrade is part of National Grid’s continued programme of investment into the UK energy transition, which will see $19.9 B (£16 B) invested from 2021-2026 to support the UK’s net zero goals. National Grid is one of the largest green investors in the FTSE.
Source: National Grid
https://www.nationalgrid.com/national-grid-launches-largest-overhaul-grid-generations
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