- GE Vernova-led consortium to supply and construct two
High-Voltage Direct Current (HVDC) converter stations for EGL1 -
National Grid and SP Energy Networks joint venture.
- HVDC system to be based on Voltage-Sourced technology – the
most advanced HVDC technology.
- EGL1 HVDC link will enable the transmission of renewable green
energy to power more than two million homes across the UK.
GE Vernova’s Grid Solutions business (NYSE: GE) and
MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA,
ADR: MYTHY US) (MYTILINEOS) announced that they have been
awarded a £1 billion contract by National Grid Electricity
Transmission and SP Transmission, part of SP Energy Networks
(SPEN), for the United Kingdom’s first high-capacity east coast
subsea link.
Specifically, the GE Vernova–MYTILINEOS consortium was selected
to supply and construct two High-Voltage Direct Current (HVDC)
converter stations for Eastern Green Link 1 (EGL1), a joint venture
between National Grid Electricity Transmission and SP Transmission.
EGL1 will oversee the construction of a 525kV, 2GW bipole
Voltage-Sourced Converter (VSC) and HVDC subsea transmission cable
from Torness in East Lothian, Scotland to Hawthorn Pit in County
Durham, England, enabling the transmission of renewable green
energy to power more than two million homes across the UK.
GE Vernova, the consortium leader, and MYTILINEOS will provide
the engineering works and technology for the two VSC HVDC converter
stations, which form the terminals for the HVDC cable and convert
the direct current to alternating current enabling the transmission
of electricity into the onshore transmission network. The HVDC
cable system is expected to be approximately 190km in length. VSC
is the latest HVDC technology. HVDC provides the most efficient and
reliable means of transmitting large amounts of power long
distances subsea.
The design phase will begin in January 2024. Construction will
begin in 2025.
"Together with our consortium partner MYTILINEOS, we are honored
to have been awarded the HVDC contract for EGL1, one of the UK’s
largest ever transmission projects. This critical project to the
UK’s decarbonization and energy security efforts adds to a growing
backlog of projects that are utilizing GE Vernova’s advanced HVDC
technology,” said Philippe Piron, President and CEO of GE Vernova’s
Grid Solutions.
Evangelos Mytilineos, Chairman & CEO of MYTILINEOS,
commented: “We are very satisfied with National Grid and SP
Transmission’s vote of confidence in MYTILINEOS’ capabilities to
execute on the EGL1 project together with our consortium partner GE
Vernova. MYTILINEOS looks forward to bringing its decades-long
expertise in managing and building big and complex grid projects to
this vital UK energy transition project.”
Under the contract, GE Vernova will supply its VSC HVDC
technology from its facilities in Stafford, UK, including its
second-generation VSC valve and its state-of-the-art eLumina™
control system. eLumina™ is the industry’s first HVDC control
system to use a digital measurement system fully based on
International Electrotechnical Commission (IEC) 61850.
MYTILINEOS will be responsible for engineering, procurement and
construction of civil works, balance of plant and installation of
all equipment.
MYTILINEOS' strategic focus on network development is imperative
for the successful energy transition and utilization of renewable
energy potential globally. Through enhancing the capacity of the
networks to transmit energy, stability is increased and
transmission systems are becoming more resilient. MYTILINEOS has a
significant track record in grid projects including high voltage
(HV) and ultra-high voltage (UHV) transmission projects, such as
substations, transmission lines as well as grid stabilisation
projects, which have been successfully implemented internationally,
making it a reliable partner for transmission and distribution
network owners around the world. Furthermore, the high expertise of
MYTILINEOS in the management and worldwide construction of projects
of such magnitude and complexity is key to a successful outcome
that will benefit thousands of people towards the net zero era.
Subsea links, particularly in the context of energy transition,
play a crucial role in facilitating the development and integration
of renewable energy sources, improving grid stability, promoting
international collaboration, and contributing to a more sustainable
and diversified energy mix.
EGL1 is a key part of the new network infrastructure in
supporting UK’s efforts for decarbonization and security of
supply.
About GE Vernova:
GE Vernova is a planned, purpose-built global energy company
that includes Power, Wind, and Electrification businesses and is
supported by its accelerator businesses of Advanced Research,
Consulting Services, and Financial Services. Building on over 130
years of experience tackling the world’s challenges, GE Vernova is
uniquely positioned to help lead the energy transition by
continuing to electrify the world while simultaneously working to
decarbonize it. GE Vernova helps customers power economies and
deliver electricity that is vital to health, safety, security, and
improved quality of life. GE Vernova is headquartered in Cambridge,
Massachusetts, U.S., with more than 80,000 employees across 100+
countries around the world. GE Vernova’s Grid Solutions business
electrifies the world with advanced grid technologies and systems,
enabling power transmission and distribution from the point of
generation to point of consumption, and supporting a decarbonized
and secured energy transition.
GE Vernova’s mission is embedded in its name – it retains its
legacy, “GE,” as an enduring and hard-earned badge of quality and
ingenuity. “Ver” / “verde” signal Earth’s verdant and lush
ecosystems. “Nova,” from the Latin “novus,” nods to a new,
innovative era of lower carbon energy. Supported by the Company
Purpose, The Energy to Change the World, GE Vernova will help
deliver a more affordable, reliable, sustainable, and secure energy
future.
Learn more: GE Vernova and LinkedIn
MYTILINEOS:
MYTILINEOS Energy & Metals, founded in Greece in 1990, is an
industrial and energy multinational company, listed on the Athens
Stock Exchange, with a consolidated turnover of €6.3 billion and
EBITDA of €823 million and employs more than 5,442 direct and
indirect employees in Greece and abroad. Focused on sustainability,
it has set ambitious targets to reduce CO2 emissions in accordance
with ESG criteria for Environment, Society and Governance, while it
is already ranked as a Leader for ESG practices in the Morgan
Stanley Capital International (MSCI) index and has joined the Dow
Jones Sustainability (DJSI) Emerging Markets index. For more
information, please visit: www.MYTILINEOS.com |
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version on businesswire.com: https://www.businesswire.com/news/home/20231212319367/en/
Media Contacts: Anshul
Madaan Media Relations Grid Solutions, GE Vernova Tel. +91 83778
80468 | E-mail anshul.madaan@ge.com
Ms. Antigoni Fakou Press Office MYTILINEOS Tel. +30210-6877346 |
Fax +30210-6877400 | E-mail: Antigoni.Fakou@MYTILINEOS.com
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