National Grid said that it has launched the largest overhaul of the grid in generations, which will enable millions of UK homes and businesses to use renewable energy for power.
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 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.
The Great Grid Upgrade is part of National Grid’s continued investment into the UK energy transition, which will see £16bn invested from 2021-2026 to support the UK’s net zero goals. National Grid is one of the largest green investors in the FTSE.
