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The Boring Bit on the Monopoly Board Is Now Hot

  • Little-known distribution company sells for $10.9 billion
  • Global annual investment in sector set to triple by 2050
National Grid Plc Control Centre As Network Operator Said It Will Be Vigilant This Winter As Power Margins Shrink

Photographer: Simon Dawson/Bloomberg

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The transition to clean energy is turning the previously dull world of grid infrastructure into one of the hottest investments.

When a little-known U.K. energy distribution company came up for a rare sale this week, buyers clamored to get involved, resulting in a 7.8 billion pound ($10.9 billion) deal, the largest utility transaction in the U.K. in at least a decade.