What is LionLink and how big is it?

LionLink is a planned 2 GW electricity interconnector linking Suffolk and the Netherlands. It combines subsea and underground cables and will connect via the Dutch Nederwiek 3 offshore wind area. It is intended to feed both countries’ grids and target operation in 2032, subject to approvals and delivery.

When could LionLink be built and go live?

An eight-week public consultation starts on 13 January 2026, with a Development Consent Order submission planned later in 2026. If approvals and procurement progress as expected, commissioning is targeted for 2032. Timelines could shift depending on planning outcomes, supply chain availability, and construction conditions at sea and onshore.

How could LionLink affect National Grid stock?

Near term, the impact on National Grid stock is limited because revenues arrive only after commissioning. Over time, a 2 GW interconnector could add diversified income and enhance portfolio resilience. Share price reactions will likely track planning progress, funding signals, procurement milestones, and clarity on regulatory and commercial arrangements.

What are the main risks to the LionLink timeline?

Key risks include planning and environmental approvals, community feedback on landfall and onshore routes in Suffolk, long manufacturing lead times for HVDC equipment, and offshore installation windows. Route changes, added mitigations, or supply chain bottlenecks could affect costs and dates, influencing investor expectations and project economics.

What should UK investors track next?

Review consultation materials from 13 January, then watch for preferred route confirmation and the 2026 DCO submission. Monitor supplier contract awards, funding mix updates, and any policy developments on interconnectors and offshore wind integration. These milestones will help investors assess progress, risks, and potential value for National Grid stock.

Global Market Insights

NG.L Stock Today: January 9 – LionLink Plan Update Eyes 2GW EU Link

ByHuzaifa Zahoor January 10, 2026January 10, 2026

National Grid stock is in focus after National Grid Ventures shared refined plans for LionLink, a 2 GW UK–Netherlands power cable tied to a Dutch offshore wind link. An eight-week public consultation opens 13 January 2026 ahead of a Development Consent Order submission later this year, with operations targeted for 2032. For the London-listed NG.L, the project signals long-dated, phased investment and potential future interconnector income. While near-term earnings change little, planning approvals and local engagement will shape timing and costs. We outline what the update means for investors in National Grid stock and the key milestones to track in the months ahead.