National Grid to invest $4B to upgrade its energy delivery system

National Grid plans to invest more than $4B to transform its energy delivery system and propel economic growth across Upstate New York. Called the Upstate Upgrade, the collection of transmission enhancement projects will deliver a smarter, stronger, cleaner energy grid to support a more resilient energy network for generations to come. The company is embarking on more than 70 projects through 2030 that will generate thousands of new jobs and more than a billion dollars in additional economic growth, while ensuring the energy grid is able to meet customers’ growing demand for electricity. In addition to helping reach the state’s climate goals as outlined in New York’s Climate Leadership and Community Protection Act, the upgrades will deliver for Upstate New York customers by improving the energy grid’s Resilience; strengthening the Upstate Economy; powering Upstate’s energy future. Economic analysis performed for National Grid by the consulting group West Monroe indicates that the Upstate Upgrade could generate nearly $2B in economic output across New York state.