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National Grid Plans Record Investment Spree
14 Jul
Summary
- Record GBP 11.6 billion invested last year; asset base grew 10.9%.
- Five-year capital program targets GBP 70 billion investment.
- Plans to connect 35 GW new generation and 19 GW new demand.
National Grid revealed its largest-ever capital investment program, planning to spend at least GBP 70 billion over the next five years. This ambitious initiative follows a record investment year where GBP 11.6 billion was deployed, resulting in a 10.9% asset base growth. The company's CEO highlighted a sharpened execution framework focusing on "Brilliant Basics," "Big Shifts," and "Disciplined Growth," all while ensuring reliable energy delivery and supporting economic expansion.
The UK transmission network is set to see significant expansion, with plans to connect approximately 35 gigawatts of new generation capacity and 19 gigawatts of new demand. This demand is anticipated to originate from various sectors, including residential, commercial, transport, data centers, and industrial clients. National Grid anticipates continued asset growth of around 10% annually over the next five years.
