National Grid plans to ramp up investment in its electricity-transmission business as the world accelerates the transition from fossil fuels to clean power.
This follows a trend of energy utilities across Europe that are increasing investments to update old grids as they bet on a boom in power demand amid rising electrification, industrial decarbonization, and artificial-intelligence applications.
The British energy-infrastructure company said Wednesday that it will invest up to 35 billion pounds ($44.49 billion) in its electricity-transmission business over a five-year period running from April 2026 to March 2031.
Read more in the Wall Street Journal.
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