EGL1 has awarded Italy's Prysmian Group, the world's largest cable maker, a £750 million contract to deliver the UK's first 525kV HVDC electricity transmission cable. Greece's Mytilineos Energy & Metals and the UK-based Grid Solutions business of Massachusetts firm GE Vernova have also been awarded a £1 billion contract to supply and construct two HVDC converter stations, one at each end of the link. "The UK is transforming the electricity grid – the largest overhaul in generations to help deliver a cleaner, greener and more secure energy system for the future," said National Grid. "This means multi-billion investments in new electricity transmission projects across the country. "This upgrade, which will help move more clean energy from where it is generated to where it is needed and play a major role in the UK moving towards its net zero target, includes six subsea links between Scotland and England of which this joint project is the first.