RE: Pretty unexciting RNS.7 Oct 2025 18:42
Slug read this below, this is what the national grid are doing at the moment.
ment levels. This investment aims to accelerate the energy transition, support the connection of clean energy sources like offshore wind, deliver more reliable electricity to homes and businesses, and manage the growing demand for electricity.
Why the investment is happening
Energy Transition & Net Zero: The UK is shifting from fossil fuels to clean energy, increasing the overall use of electricity. The grid needs upgrading to handle this shift and transmit clean power from where it's generated to where it's needed.
Increased Demand: As the economy electrifies, the demand for power will increase, requiring a stronger and more modern grid.
Connecting Renewables: The investment will facilitate the connection of new renewable energy projects, particularly offshore wind farms, to the national transmission network.
Key aspects of the investment
Geographic Scope: The investment covers National Grid's energy networks in the UK and its businesses in the northeast US.
Financials: The £60 billion investment includes an equity raise of £7 billion to help fund the upgrades.
Supply Chain: The plan also includes a £9 billion supply chain framework to support the network design and construction work needed for these projects.
Project Examples: Projects include new high-voltage transmission lines and infrastructure to connect new offshore wind farms.
Impacts
Job Creation: The investment is expected to support the creation of over 60,000 additional jobs.