National Grid to Raise £7 Billion from Investors in Major Net Zero Push

National Grid wants to raise £7 billion from investors as part of a huge net zero spending programe over the next five years to decarbonise the electricity network. On Friday, the multinational electricity and gas utility company, which runs much of Britain’s electricity grid, announced plans to invest about £60 billion in networks before the end of the decade, with more than £30 billion of that going to England, Scotland, and Wales. It announced that it will raise £7 billion by offering new shares to its current shareholders. Secretary of State for Energy Security and Net Zero Claire Coutinho welcomed the news on social media platform X, saying that “this is one of the largest scale investments into the energy transition in Britain.”...