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National Grid Buys U.K’s Largest Network for $11 Billion

Sumary of National Grid Buys U.K’s Largest Network for $11 Billion:

  • National Grid is positioning itself as the global energy system shifts toward electricity and away from fossil fuels…
  • Distribution grids, the local networks that feed directly into homes and businesses, are at the heart of the energy transition…
  • Smart homes with electric heating systems, as many as 30 million electric cars and small scale renewable generation will all be connected to local grids in the coming decades…
  • Completion of the Western Power Distribution deal, which will be funded by fully committed bridge facilities, is expected within the next four months and completion of the NECO Sale is expected before the end of the first quarter of 2022……

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