Record Capital Investment
National Grid reported a record GBP 5.1 billion of investment in the first half, up 12% year-on-year, and remains on track to deploy over GBP 11 billion of investment this year.
Strong Financial Performance
Operating profit increased by 13% to GBP 2.3 billion, and underlying earnings per share grew by 6% to 29.8p.
Progress in Strategic Infrastructure
All six Wave 1 ASTI projects are under construction, and significant progress has been made in securing the supply chain for the remaining Wave 2 projects.
Regulatory and Policy Momentum
75% of the 5-year investment plan in the U.S. is approved, and significant policy developments in New York support the Northeast Supply Enhancement pipeline.
Operational Excellence
Reliability remains strong across U.K. and U.S. networks, with a lost time injury frequency rate of 0.09, inside the group target.