U.K. Power Grids Get $425 Million for Upgrades to Meet Net Zero
- Spending focuses on infrastructure to support electric cars
- Projects are ‘shovel-ready’ and will start this year
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U.K. energy regulator Ofgem has allocated 300 million pounds ($425 million) to grid projects that will support increased power demand as sectors such as transport electrify.
Some of the budget is for new infrastructure to support 1,800 new ultra-rapid charging points for electric vehicles at highway service areas and 1,750 charge points in towns and cities. All 204 projects will start this year with investment delivered during the next two years, Ofgem said in a statement.