Siemens Energy and GE Vernova win slice of $76bn National Grid HVDC supply deal
Type: Supply Agreement · Technology: Transmission, Other · Country: United Kingdom · Value: $76B · Announced: 2025-03-13
National Grid awarded HVDC converter and cable supply contracts worth part of a £60 billion (circa $76bn) programme to Siemens Energy, GE Vernova and other suppliers to support its onshore and offshore high-voltage transmission upgrade.
Counterparties
- National Grid plc (Offtaker)
- Mitsubishi Electric Corporation (Supplier)
- Prysmian Group (Supplier)
- Hitachi Energy Ltd (Supplier)
- Siemens Energy AG (Supplier)
- Jan de Nul Group (Supplier)
- GE Vernova (Supplier)
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