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CSE:NKT 5 March 2026

National Grid plc signs £3bn Eastern Green Link 3 contracts with Hitachi Energy and NKT

National Grid plc signs £3bn Eastern Green Link 3 contracts with Hitachi Energy and NKT

National Grid plc on Wednesday announced it has secured contracts approaching £3 billion for its Eastern Green Link 3 initiative, tapping Hitachi Energy to deliver the converter stations and NKT to handle both subsea and underground cabling. The company called EGL3 the largest electricity transmission project of its type in the UK. The deal comes as Britain looks to curb “constraint costs”—the payouts wind farms get when they’re told to dial back due to grid bottlenecks. According to project supporters, EGL3 aims to cut those snags, moving more clean power from the north and east coast down to where it’s needed further south.
5 March 2026
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Stock Market Today

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