Global InterConnection Group (“GIG”),is a platform for the manufacturing, development, operation, and ownership of interconnectors and other power transmission assets, with three interlocking divisions: (i) a portfolio of interconnector operating assets and projects; (ii) High Voltage Direct Current (“HVDC”) cable manufacturing to supply grid upgrades and our interconnector projects, and (iii) ancillary services, such as commissioning and overseeing the design, planning and operational management for grids and interconnectors.

Global InterConnectors is buying and building up a portfolio of European interconnectors. Its first project is Atlantic SuperConnection, which is developing a c.1,700 km interconnector project, where the technical feasibility work has now been done to build a 1,800 MW interconnector between Iceland and the UK.

Advanced Cables is developing a 1,600 km/year capacity HVDC cable manufacturing facility in the North-East of England, with strong support from the UK government. GIG has signed a memorandum of understanding for a joint venture with an existing cable manufacturer, which paves the way for Advanced Cables to address the shortage of HVDC subsea cable, where demand far outstrips supply.