Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 13 March 2025, National Grid awarded major HVDC cable and converter systems supply chain framework contracts worth around £59 billion, establishing long-term agreements with six subsea HVDC cable suppliers and four HVDC converter system suppliers. The frameworks, secured for five years with possible extension, cover both confirmed and anticipated projects and are explicitly intended to support early schemes including LionLink by locking in critical HVDC equipment capacity and strengthening the supply chain needed to develop and deliver the interconnector.