<p><span class="m_first-letter m_first-letter--flagged">N</span>ational Grid invested a record £4.5bn in the UK’s networks of pipes and wires last year amid an overhaul in the energy system which is spurring the development of a modernised grid.</p>
<p>The operator of Britain’s high voltage cables and high-pressure gas pipelines said it was starting to see the benefit of its move into the US energy market a decade ago after a rocky start on the other side of the Atlantic.</p>