National Grid to Invest $35 Billion in U.S. Power Infrastructure

National Grid to Invest $35 Billion in U.S. Power Infrastructure

May 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--National Grid plc (NYSE:NGG) (London, England), which operates energy assets in the U.S. and the U.K., mapped out a plan to invest US$76.5 billion through March 2029 in energy network infrastructure, including as much as US$35 billion for system improvements in Massachusetts and New York, as it seeks to streamline its operations. That includes selling off its National Grid Renewables subsidiary, which operates wind and solar facilities across the central and Mideastern U.S., and its Grain LNG terminal in the U.K.

Industrial Info is tracking more than US$11 billion worth of active and planned projects attributed to National Grid in the U.S. Among the projects under consideration is a series of transmission line rebuilds across central and eastern New York, and improvements to its liquefied natural gas (LNG) network in Massachusetts.

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