Getlink: ElecLink Goes Live and Looks Forward to Its First Auctions

Rhea-AI Summary

Getlink has announced that ElecLink has completed its full go-live preparations and will launch commercial operations with National Grid and RTE. This 1GW HVDC electricity interconnector between France and the UK is designed to be environmentally friendly and will enhance energy supply security and affordability for consumers. The inaugural power flow began on May 25, 2022, marking a significant milestone. CEO Yann Leriche emphasized the timely launch amid current electricity price volatility in both countries.

Positive

• Successful completion of ElecLink's go-live preparations.
• ElecLink will enhance energy supply security and affordability for consumers.
• First power flow commenced on May 25, 2022, marking a significant milestone.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Getlink (Paris:GET) is proud to announce that ElecLink has successfully completed its full go-live preparations and is now able to launch its commercial operations in liaison with National Grid and RTE.

ElecLink, the 1GW HVDC electricity interconnector between France and the UK is green by nature, with no interference with the marine ecosystem. ElecLink will help promote security of supply, decarbonisation, and affordability of consumer energy bills.

The first power flow will be transferred over the 52km long cable installed into the Channel Tunnel on the 25 of May 2022, a world premiere.

Yann Leriche, Chief Executive Officer of Getlink, said: “The official launch of ElecLink’s activity rewards the dedication of the whole staff of the Group. Given the current unprecedented volatility and uncertainty in electricity prices in the UK and France the go live of ElecLink could not come at a better time for energy consumers across both countries.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20220519006052/en/

Getlink:

For UK media enquiries

John Keefe on +44 (0) 1303 284491

press@getlinkgroup.com

For other media enquiries

Romain Dufour on +33(0)1 4098 0464

For investor enquiries

Jean-Baptiste Roussille on +33 (0)1 40 98 04 81

jean-baptiste.roussille@getlinkgroup.com

Michael Schuller on +44 (0) 1303 288749

Michael.schuller@getlinkgroup.com

Source: Getlink S.E.

FAQ

What is ElecLink?

ElecLink is a 1GW HVDC electricity interconnector between France and the UK.

What date did ElecLink begin its first power flow?

ElecLink began its first power flow on May 25, 2022.

How will ElecLink impact electricity prices?

ElecLink is expected to promote security of supply, decarbonisation, and affordability of consumer energy bills.

Who is the CEO of Getlink?

The CEO of Getlink is Yann Leriche.

What does the launch of ElecLink signify for Getlink investors?

The launch signifies a strategic development enhancing Getlink's operational capacity and market presence in the energy sector.