National Grid has launched the largest overhaul of the grid in generations, which will enable millions of UK businesses to use renewable energy for years to come.
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 in offshore wind farms to where it’s needed by communities across the UK, it’s claimed that 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.
Carl Trowell, the National Grid’s President, Strategic Infrastructure, said: “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.”
The Great Grid Upgrade is part of National Grid’s continued programme of 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.
