Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 12 November 2024, Ofgem approved the Initial Project Assessment for the Nautilus and LionLink electricity interconnectors. This regulatory decision confirmed the needs case for these new hybrid interconnector projects for British consumers, marking a major milestone in their development and enabling National Grid Ventures to continue progressing Nautilus towards subsequent design, permitting, and delivery stages.