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National Grid results underline its importance to national infrastructure and security

Date: 18 May 2023

1 minute read

18 May 2023

If you are covering National Grid’s latest financial results, please find below a comment from Tom Gilbey, equity research analyst at Quilter Cheviot:

“National Grid has once again underlined the quality of its business and importance to the national infrastructure and security of the UK, with profits hitting more than £3.5bn. The FTSE 100 company, however, wants to be at the heart of the energy transition, and thus has invested a record £7.7bn in the year to act as that enabler. For some this isn’t enough amid delays to the connection of renewable projects, and is something to watch going forward as the energy transition takes shape.

“Even with energy prices beginning to somewhat normalise, National Grid is a crucial part of the country’s infrastructure, and as such has numerous growth drivers to help sustain its recent growth performance.”

Gregor Davidson

Senior External Communications Manager