Thursday 21 March 2024

National Grid invests $4bn in New York infrastructure upgrade

National Grid invests $4bn in New York infrastructure upgrade

Britain’s National Grid has unveiled plans to inject over $4 billion (£3.1bn) into upgrading New York’s energy infrastructure, marking its largest investment in the state’s electricity transmission system to date.

The initiative, named “Upstate Upgrade,” is designed to modernise the ageing grid, which dates back over a century, to meet the increasing demand for more reliable and renewable energy sources.

The investment, announced by the US unit of National Grid on Wednesday, is set to encompass a series of transmission enhancement projects spanning the next six years.

Rudy Wynter, President of National Grid New York, said: “The Upstate Upgrade represents a landmark investment and speaks to how National Grid is reinforcing the grid to meet our customers’ growing energy needs while leading the clean energy transition.

“This six-year portfolio of work will transform the grid, improve reliability and resilience and enable us to deliver renewable energy to homes and businesses across New York.”

Written by

Dimitris Mavrokefalidis

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