Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
By Ørsted’s Q3 2025 investor presentation, the Hornsea 3 project and associated 300 MW BESS had reached around 10% degree of completion, with onshore converter stations and cable routes progressing according to schedule and fabrication of the two offshore converter stations reported to be on schedule. This update confirms active manufacturing of the main HVDC converter platforms for the Hornsea 3 transmission system at supplier facilities.