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National Grid

  • Britain’s last coal-fired power station set to close in landmark moment

    September 26, 2024

    The UK’s last remaining coal-fired power station is to shut at the end of September, drawing to a close Britain’s 142-year reliance on the fossil fuel to produce electricity. Ratcliffe-on-Soar power station has been generating electricity since 1968 via its four coal-fired boilers, eight vast cooling towers and 199-metre tall chimney, which occupies a prominent [...]

  • Balfour Beatty awarded part of National Grid’s upgrade project

    September 13, 2024

    International infrastructure group Balfour Beatty has been awarded a £363m contract as part of National Grid’s RIIO-2 framework. The contract is part of the Bamford to Twinstead Reinforcement project, which aims to reinforce East Anglia’s electricity network as part of the country’s green energy build-out. The company will replace the existing electricity network with a [...]

  • National Grid agrees sale of Electricity System Operator to government

    September 13, 2024

    National Grid has struck a deal to sell its Electricity System Operator (ESO) to the government for £630m, paving the way for the division to transition into public ownership. The FTSE 100 utility said on Friday that it expected the transaction to be completed on 1 October, when the government and regulator Ofgem aim to [...]

  • UK approves Chinese-backed megabattery project after national security review

    September 1, 2024

    The British government has approved a major battery storage facility in the UK, which is backed by a joint venture involving US investment giant Blackrock and KX Power, a UK-registered asset manager with ties to Chinese investors. The UK launched a national security review of the proposed 80-megawatt project, led by former Chinese diplomat Zhe Zhang, [...]

  • UK’s largest electricity transmission project gets green light from Ofgem

    August 13, 2024

    The £3.4bn Eastern Green Link Two, described as a subsea "superhighway," will run for 436km between Yorkshire and North-East Scotland.

  • Most bought UK stocks: Nvidia leapfrogs Apple as National Grid climbs ranks

    July 16, 2024

    UK investors continued to pile into Nvidia in the second quarter of 2024, with the stock rising to become the third most popular in the country.

  • Utilities are no longer ‘simple defensive’ plays

    June 17, 2024

    The green energy transition is upending the way the world does business. Nowhere is that more apparent than in the utility sector.

  • Ørsted: Wind energy giant invests in Tesla battery to help lower electric bills

    June 12, 2024

    Wind-power giant Ørsted has invested in a Tesla battery storage system for what is set to be the world's single largest offshore wind farm.

  • Octopus Energy inks landmark agreement with Gresham House Energy Storage Fund

    June 5, 2024

    Gresham House Energy Storage Fund has reached an important agreement with Octopus Energy.

  • Will National Grid’s £7bn fundraise be enough for its ambitions?

    May 23, 2024

    The new £60bn plan is ambitious, with just over half of the investment being spent in the UK, and the rest going to National Grid's US operations.

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