NeuConnect Britain
NeuConnect Britain Ltd is developing the first direct electricity interconnector between Great Britain and Germany — a 1.4GW, 725km HVDC subsea cable link — auctioning cross-border transmission capacity to generators, utilities, and traders via JAO, with full commercial operations targeted for 2028.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What NeuConnect Britain does
NeuConnect Britain Ltd is the project company developing the first direct electricity interconnector between Great Britain and Germany, a privately-financed infrastructure asset led by global investors Meridiam, Allianz Capital Partners, Kansai Electric Power, and TEPCO. The core product is a 525 kV High Voltage Direct Current (HVDC) link with 1.4GW of bidirectional capacity, comprising 725km of subsea and land cabling routed through British, Dutch, and German waters, terminated by two converter stations — one at Isle of Grain in Kent (UK) and one at Wilhelmshaven in Lower Saxony (Germany) — that convert between AC and DC power for each national grid. Siemens Energy is delivering the converter stations under a £1.5bn+ contract, and Prysmian Group is manufacturing and installing the cable system using the world's largest cable-laying vessel, Prysmian Leonardo da Vinci.
NeuConnect generates revenue by auctioning cross-border transmission capacity to electricity generators, utilities, and traders via the Joint Allocation Office (JAO), covering long-term (yearly, seasonal, quarterly, monthly) and short-term (day-ahead and intraday) markets, with a Market Integration Platform provided by Supercharge enabling direct trading between UK and German markets. The project operates under Ofgem's Cap and Floor regulatory regime, which provides a revenue floor, and has secured European Commission Project of Common Interest status alongside bilateral grid connection agreements with National Grid (UK) and TenneT (Germany). At full operations targeted for 2028, the link is expected to power up to 1.5 million homes and deliver a net reduction of 13–16 MtCO2 in carbon emissions over 25 years, with £2.4bn/€2.8bn of total project financing closed in July 2022 from a consortium of more than 20 banks.
NeuConnect Britain firmographics
Firmographics- Name
- NeuConnect Britain
- Legal name
- NeuConnect Britain Ltd
- Website
- https://neuconnect-interconnector.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NeuConnect Britain Ltd is developing the first direct electricity interconnector between Great Britain and Germany — a 1.4GW, 725km HVDC subsea cable link — auctioning cross-border transmission capacity to generators, utilities, and traders via JAO, with full commercial operations targeted for 2028.
- Ownership category
- akta.pro rank
NeuConnect Britain industry classification
Industry- Product category
- Electricity Transmission Infrastructure
- NAICS
- Electric Bulk Power Transmission and Control (221121), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911), Switchgear & Switchboard Apparatus (3613)
- akta.pro primary industry
- Cross-Border Interconnectors & Regional Transmission Coordination (EUADAAAB)
- akta.pro secondary industries
- HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB), HVDC Converter Stations & HVDC Transmission EPC (EUAEABAD)
Keywords
Where NeuConnect Britain is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
NeuConnect Britain business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Transmission Capacity Auction Revenue: NeuConnect sells 1.4GW of cross-border transmission capacity to market participants (electricity generators, utilities, traders) through standardised auctioned products managed by JAO. Revenue comes from capacity charges paid by market participants accessing the UK-Germany interconnector. Regulated under Ofgem's Cap and Floor regime providing revenue floor protection.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
NeuConnect Britain product offering
Product offeringCore offering
NeuConnect Britain is building and will operate a 1.4GW High Voltage Direct Current (HVDC) subsea interconnector linking the UK and German electricity networks via 725km of subsea and onshore cabling. Its core commercial offering is the sale of standardized cross-border transmission capacity to electricity market participants (utilities, generators, traders) through JAO-administered auctions in long-term and short-term markets, operating under Ofgem's Cap and Floor regulatory regime.
Product overview
NeuConnect Britain is delivering the NeuConnect Interconnector - a major energy infrastructure project that creates the first direct power link between Germany and Great Britain. The project is a single unified physical infrastructure asset (not a software platform), comprising: (1) the core interconnector service - a 1.4GW High Voltage Direct Current (HVDC) link allowing electricity to flow bidirectionally between the two countries, (2) two converter stations (UK at Isle of Grain in Kent; Germany at Wilhelmshaven in Lower Saxony) that convert between AC and DC power, (3) 725km of subsea and land cables traveling through UK, Dutch, and German waters, and (4) supporting market systems including a Market Integration Platform (provided by Supercharge) and auction services (provided by JAO) to facilitate electricity trading. The project is privately financed at £2.4bn/€2.8bn and is being delivered under Ofgem's Cap and Floor regulatory regime.
Differentiator
Problem solved
Functional benefit
Products and services
- NeuConnect Interconnector Core 1.4GW HVDC interconnector infrastructure creating the first direct power link between the UK and Germany, allowing bidirectional electricity flow sufficient to power up to 1.5 million homes over the project's life. Sold to electricity market participants via regulated capacity auctions.
- HVDC Cabling System 525 kV High Voltage Direct Current cable system spanning 725km of subsea and land cabling through British, Dutch, and German waters, forming the physical 'invisible energy highway' between the two converter stations.
- Converter Stations Two high-voltage electricity converter stations located at Isle of Grain (Kent, UK) and Wilhelmshaven (Lower Saxony, Germany) that convert electricity between AC and DC power, comprising converter halls, control buildings, transformer bays, and gas-insulated switchgear halls.
- Market Integration Platform State-of-the-art IT platform provided by Supercharge that enables market participants to trade electricity capacity between the UK and German markets, integrating with JAO auction services and supporting pre-launch customer registration.
- Auction Capacity Services Cross-border transmission capacity auction services provided by JAO (Europe's leading TSO services provider), covering yearly, seasonal, quarterly, monthly, day-ahead, and intraday markets for market participants seeking capacity between the UK and Germany.
Quantifiable outcome
- Net reduction in carbon emissions of 13 MtCO2 over 25 years
- +3 more outcomes
Companies that use NeuConnect Britain
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
NeuConnect Britain technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
NeuConnect Britain partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- SuperchargecoreAppointed as NeuConnect's Market Integration Platform provider. Agreement signed January 2026. One of Europe's fastest growing tech companies providing platform to allow market participants to trade electricity between UK and Germany.
- JAO (Joint Allocation Office)coreEurope's leading service provider for transmission system operators. Memorandum of Understanding signed for JAO to become NeuConnect's allocation provider for auctioning cross-border transmission capacity in long-term and short-term markets.
- The Crown EstatecoreLicence agreement signed allowing NeuConnect to begin offshore and seabed works in UK waters. Described as 'final piece of the jigsaw' before UK major construction.
- Siemens EnergycoreAwarded £1.5bn+ contract to design and build two converter stations in UK (Isle of Grain) and Germany (Wilhelmshaven). Delivered all 14 transformers (200+ tonnes each). Main construction contractor.
- Prysmian GroupcoreWorld leader in cable systems awarded contract to design, manufacture, install, test and commission 725km of cabling. Using world's largest cable laying vessel 'Prysmian Leonardo da Vinci'. Cable production started October 2022 at Arco Felice, Italy.
- Arup-Fichtner Joint VentureminorAppointed to provide project services in NeuConnect's delivery. Engineering and consultancy services.
- Primo MarineminorAwarded key contract for offshore permitting works including Marine Permit Applications, Route Engineering, and Seabed Mobility Studies.
- National GridcoreUK connection agreement secured with National Grid in 2019, securing NeuConnect's UK connection point at Isle of Grain.
- TenneTcoreGerman grid connection agreement finalised in December 2021 with TenneT for connection at Fedderwarden substation.
- Inspiring Girls InternationalminorGlobal charity dedicated to raising aspirations of girls. Partnership for STEM careers events with young women in Kent, aligned with parallel event in Germany. Supported by Prysmian and Artelia.
- DOMEGminorLocal organiser for work experience programme in cooperation with NeuConnect, Prysmian and Siemens Energy. Provider of work experience programmes for schools in Medway.
- ArteliaminorConstruction support partner participating in STEM careers events and Inspiring Girls initiative alongside NeuConnect and Prysmian.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
NeuConnect Britain competitors and assessment
Company assessmentDirect peers
- National Grid (North Sea Link): North Sea Link is a 1.4GW HVDC interconnector between the UK and Norway, jointly owned by National Grid and Statnett. It matches NeuConnect on capacity (1.4GW), uses similar HVDC converter technology, and sells capacity through JAO auctions under a comparable regulatory framework.
- National Grid (BritNed): BritNed is a 1GW HVDC interconnector between the UK and the Netherlands, jointly operated by National Grid and TenneT. It uses the same JAO allocation mechanism and faces similar cross-border arbitrage dynamics, making it a like-for-like operational peer.
- Nemo Link: Nemo Link is a 1GW HVDC interconnector between the UK and Belgium operated by National Grid and Elia. It uses comparable 400kV HVDC technology, auctioned capacity through JAO, and operates under a similar cap and floor-style regulatory structure on the UK side.
- National Grid / Energinet (Viking Link): Viking Link is a 1.4GW HVDC interconnector between the UK and Denmark that became fully operational in 2024. It is the most recently completed peer-scale UK HVDC interconnector, offering direct comparability on technology, cap and floor economics, and JAO-based auction revenues.
- Getlink (ElecLink): ElecLink is a 1GW HVDC interconnector between the UK and France via the Channel Tunnel, operated by Getlink. It serves the same UK-France/Continental arbitrage market as IFA/IFA2 and demonstrates the same merchant + regulated revenue model as NeuConnect.
- National Grid (IFA and IFA2 interconnectors): National Grid operates the IFA and IFA2 HVDC interconnectors between the UK and France, the closest direct analog to NeuConnect's UK-Germany link. They use similar JAO-style auction mechanisms under Ofgem Cap and Floor and sell capacity to the same market participants (utilities, generators, traders).
Regional players
- Energinet: Energinet is the Danish TSO and JV partner with National Grid on the Viking Link interconnector. It provides direct comparability on HVDC subsea construction execution, regulatory frameworks, and merchant interconnector commercial models across Northern Europe.
- Statnett: Statnett is the Norwegian TSO and 50/50 partner with National Grid on the North Sea Link. As a peer HVDC interconnector co-developer, Statnett offers comparison on cross-border HVDC project economics, regulatory engagement, and long-term operational performance of subsea cable assets.
Broad incumbents
- 50Hertz (Elia Group): 50Hertz is a German transmission system operator and subsidiary of Elia Group that operates multiple HVDC interconnectors in the Baltic Sea and plans further North Sea links. It is a peer to NeuConnect as a regulated German TSO developing cross-border HVDC infrastructure under EU TYNDP frameworks.
- TenneT: TenneT is the Dutch-German transmission system operator and the German grid connection counterparty for NeuConnect at Fedderwarden. It operates multiple HVDC interconnectors across the North Sea and is both a regulatory counterparty and an indirect competitor for new cross-border capacity build-out.
Market position
Strengths5 records
Weaknesses3 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
NeuConnect Britain social profiles
Digital presenceNeuConnect Britain financial estimates
Financial estimateRevenue estimate
Valuation estimate
NeuConnect Britain leadership team
Management profileNumber of profiles
Profiles4 records
NeuConnect Britain funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NeuConnect Britain M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NeuConnect Britain
What does NeuConnect Britain do?
NeuConnect Britain is building and will operate a 1.4GW High Voltage Direct Current (HVDC) subsea interconnector linking the UK and German electricity networks via 725km of subsea and onshore cabling. Its core commercial offering is the sale of standardized cross-border transmission capacity to electricity market participants (utilities, generators, traders) through JAO-administered auctions in long-term and short-term markets, operating under Ofgem's Cap and Floor regulatory regime.
Is NeuConnect Britain a public or private company?
NeuConnect Britain is a private company. It is classified as venture growth investor backed and is currently operating.
When was NeuConnect Britain founded?
NeuConnect Britain was founded in 2018. It employs 11 to 50 people.
Where is NeuConnect Britain based?
NeuConnect Britain is headquartered in London, United Kingdom, in the Europe region.
How does NeuConnect Britain make money?
One revenue line is on record: transmission Capacity Auction Revenue.
Who are NeuConnect Britain's main competitors?
Direct peers on record are National Grid (North Sea Link), National Grid (BritNed), Nemo Link, National Grid / Energinet (Viking Link), Getlink (ElecLink) and National Grid (IFA and IFA2 interconnectors). Regional players are Energinet and Statnett. Broad incumbents are 50Hertz (Elia Group) and TenneT.
Does NeuConnect Britain have an API?
No public API is recorded for NeuConnect Britain.
What industry is NeuConnect Britain in?
NeuConnect Britain's product category is Electricity Transmission Infrastructure. Its primary akta.pro industry code is EUADAAAB, Cross-Border Interconnectors & Regional Transmission Coordination, with a secondary code of EUADAMAB, HVDC Cables & Overhead Lines (Subsea, Underground, Overhead). Its NAICS code is 221121 and its SIC code is 4911.