UK electricity grid set for 'unprecedented' £35 bn investment

The British company said it plans to invest up to £35 billion ($45 billion) to upgrade the UK's electricity grid. "The plan includes an unprecedented level of investment... over the five years to March 2031," National Grid said in a statement. The Labour government, elected in July, has vowed to move away from fossil fuels towards renewable energy, promising among other things to decarbonise the UK's electricity grid by 2030. The grid has struggled with limited transmission capacity, meaning...