Getlink Celebrates the Second Anniversary of Electricity Interconnector ElecLink and Its Strong Commercial & Technical Success
28 May 2024 - 4:00PM
Business Wire
Regulatory News:
Getlink (Paris:GET) celebrates the second anniversary of
ElecLink, its unique electrical interconnector operating within an
existing railway infrastructure – the Channel Tunnel – and
connecting the national distribution networks in France (RTE) and
the UK (National Grid), without impact on the marine
environment.
With a capacity of 1 Gigawatt, the equivalent in electricity
consumption of a city the size of Lyon or Birmingham, ElecLink has
increased the electricity transfer capacity between the UK and
France by 33%. This additional capacity was immediately taken up by
the market, demonstrating the strong need covered by this new
cross-Channel interconnection.
Beyond its commercial success, ElecLink embodies an
operational and technical prowess with more than 11.5 TWh of
electricity transported since entering service on 25 May 2022 and a
remarkable availability rate at above 96%.
ElecLink has an exceptionally low environmental impact, using
the existing infrastructure of the Fixed Link, with two cables
running inside the Channel Tunnel, with no interaction with the
marine ecosystem.
ElecLink has made a major contribution to balancing energy needs
between France and the United Kingdom.
Yann Leriche, Getlink CEO said: “30 years ago, the
fathers of the Channel Tunnel had already imagined electricity
running through the Tunnel between France and the United Kingdom.
In only 2 years ElecLink has proven to be a strong commercial
success and, through its high reliability and low impact on the
environment, a key asset in enhancing the UK and Europe’s energy
security.”
About ElecLink
Electricity interconnector ElecLink comprises two high-voltage
direct current cables with a capacity equivalent to 1GW via the
Channel Tunnel, linking electric distribution grids between France
(RTE) and the UK (National Grid), without interaction with marine
ecosystems.
With a capacity equivalent to the electricity supply of a city
of 1.6 million inhabitants (Lyon or Birmingham), this
interconnection enables electricity generated on either side of the
Channel to flow between the two countries as and when required,
thereby helping to secure energy supplies. This interconnector will
increase the two-way electricity exchange capacity between France
and the UK by 30% and optimise the distribution of installed
generation capacity, including renewable energy sources, across the
two countries.
About Getlink
Getlink SE (Euronext Paris: GET), through its subsidiary
Eurotunnel, is the concession holder until 2086 for the Channel
Tunnel infrastructure and operates Truck Shuttles and Passenger
Shuttles (cars and coaches) between Folkestone (UK) and Calais
(France). Since 31 December 2020 Eurotunnel has been developing the
smart border to ensure that the Tunnel remains the fastest, most
reliable, easiest and most environmentally friendly way to cross
the Channel. Since it opened in 1994, close to 500 million people
and more than 102 million vehicles have travelled through the
Channel Tunnel. This unique land link, which carries a quarter of
trade between the Continent and the United Kingdom, has become a
vital link, reinforced by the ElecLink electricity interconnector
installed in the Tunnel, which helps to balance energy needs
between France and the United Kingdom. Getlink completes its
sustainable mobility services with its rail freight subsidiary
Europorte. Committed to "low-carbon" services that control their
impact on the environment (through its activities, the Group avoids
the equivalent of 1.9 million tonnes of CO2 per year), Getlink has
made the place of people, nature and territories a central
concern.
https://www.getlinkgroup.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240527952691/en/
Press contacts: Anne-Sophie
de Faucigny: +33 (0)6.46.01.52.86 Laurence Bault: +33
(0)6.83.61.89.96
Analyst and investor
contacts: Virginie Rousseau:+33(0)6.77.41.03.39
Getnet Adquirencia e Ser... (NASDAQ:GET)
Historical Stock Chart
From Aug 2024 to Sep 2024
Getnet Adquirencia e Ser... (NASDAQ:GET)
Historical Stock Chart
From Sep 2023 to Sep 2024