Deals Counterparts

Hitachi Energy and NKT land nearly £3bn grid contracts for Eastern Green Link 3

Supply Agreement Transmission announced UK Mar 4, 2026
GBP3B
Deal Value
development
Stage
Eastern Green Link 3 (EGL3)
Project

Hitachi Energy secured contracts for converter stations and NKT for the subsea and underground cable system for the Eastern Green Link 3 (EGL3) project, a 690km HVDC link between Scotland and England, totaling nearly £3bn.

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Deal Analysis

Hitachi Energy and NKT have secured substantial supply agreements totaling nearly £3 billion for the Eastern Green Link 3 (EGL3) project, a critical 690km High Voltage Direct Current (HVDC) link connecting Scotland and England. Hitachi Energy will be responsible for the converter stations, while NKT will deliver the subsea and underground cable system. This significant supply agreement, announced on 2026-03-04, involves key partners National Grid and SSEN Transmission, underscoring a collaborative effort to enhance the UK's electricity transmission infrastructure. This deal is notable for its considerable financial scale, representing a nearly £3 billion investment in essential grid infrastructure. The involvement of leading technology providers like Hitachi Energy for HVDC converter stations and NKT for advanced cable systems highlights the specialized expertise required for such large-scale projects. The EGL3 project, facilitated by partners National Grid and SSEN Transmission, is a strategic undertaking within the UK's transmission sector, aiming to bolster grid resilience and capacity. The deployment of HVDC technology is crucial for efficient, long-distance power transmission, particularly in connecting generation sources to demand centers across the country.
  • Nearly £3 billion in supply contracts awarded.
  • Involves leading HVDC technology suppliers Hitachi Energy and NKT.
  • Key partners are major UK grid operators National Grid and SSEN Transmission.
  • Focuses on a 690km HVDC link, the Eastern Green Link 3 (EGL3).
  • Reinforces the UK's inter-regional transmission capacity.

Source Intelligence

KEY DETAILS

The project is a 690km HVDC link, including about 580km offshore between Scotland and England. Quote: "The deals cover delivery of a 690km HVDC link, including about 580km offshore between Scotland and England". It is capable of transporting power for two million homes. Quote: "capable of transporting power for two million homes". It is described as the UK’s biggest electricity transmission project. Quote: "what is described as the UK’s biggest electricity transmission project."

Deal Size
The agreements with Hitachi Energy for the converter stations in Aberdeenshire and West Norfolk and with NKT for the subsea and underground cable system total nearly £3bn, the companies said.
Location
Contracts for the converter stations and cable system for Eastern Green Link 3 have been signed in a major milestone for what is described as the UK’s biggest electricity transmission project. The agreements with Hitachi Energy for the converter stations in Aberdeenshire and West Norfolk and with NKT for the subsea and underground cable system total nearly £3bn, the companies said. The deals cover delivery of a 690km HVDC link, including about 580km offshore between Scotland and England
Announcement
4 March 2026 08:17 Other News
Signing
Contracts for the converter stations and cable system for Eastern Green Link 3 have been signed
PARTIES MENTIONED IN SOURCE
H
Hitachi Energy supplier

"The agreements with Hitachi Energy for the converter stations in Aberdeenshire and West Norfolk"

N
NKT supplier

"and with NKT for the subsea and underground cable system total nearly £3bn, the companies said."

N
National Grid project partner

"Signing these contracts is a major milestone for EGL3 and for the joint venture between National Grid and SSEN Transmission."

S
SSEN Transmission project partner

"Signing these contracts is a major milestone for EGL3 and for the joint venture between National Grid and SSEN Transmission."

high quality Enriched Mar 4, 2026

Timeline

Announced
Mar 4, 2026
Signed
Mar 4, 2026
Closed
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