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National Grid invests £2bn in US amid doubt over UK business

Energy firm builds US presence as calls grow to renationalise utilities in Britain

National Grid has ploughed a record of almost £2bn into its booming US-based business this year as increasing political pressure raises questions over the multinational’s future in the UK.

The energy network provider spent nearly £1.6bn growing its regulated US business over the first six months of the year, and also invested £200m into its US-based renewables company Geronimo.

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