Nemo Link Limited

📣 Nemo Link Limited welcomes the recent Energy UK's report: #MissionPossible The steps to make Britain a #clean energy superpower, in particular in relation to closer UK-EU #cooperation on #energy & #climate. 🏷 Nemo Link shares the concern this report highlights with the EU Carbon Border Adjustment Mechanism (#CBAM). The EU CBAM in its current form could create a very significant #tradebarrier for #electricity #imports into the EU, irrespective of equivalent carbon prices in exporting third countries. This would negatively impact all dimensions of the energy trilemma. Nemo Link would support this #cooperation, and efforts by the UK and EU to examine #relinking the UK and EU ETS schemes, to pursue an #exemption from the EU CBAM for the UK. 🤝 We also welcome Energy UK’s view on the need for greater #cooperation between the UK and EU and the importance for #restoring #efficient #electricity #trading. Moving to more efficient trade by prioritising the UK-EU electricity trading arrangements workstreams will ensure the UK can speed up the transition to clean power by 2030. Please find the full report here: https://lnkd.in/eG4PreFV

📢 #NemoLink, together with #ElecLink, #BritNed, #IFA, #IFA2 and #VikingLink today launch a joint consultation on a #30minute #Intraday product. 💡 The Interconnectors are considering changing to a 30-minute intraday product from the current 60-minute design and seeking input from market participants and stakeholders on their option proposal. ⚖ A move to 30-minute Intraday MTU is expected to have benefits for market functioning that are more aligned with the 15-minute MTU, which is currently planned to go-live in the Single Day Ahead Coupling (#SDAC) in Q1 2025 and which is already in place for #XBID (Cross Border Intraday) and the #IDAs (Intraday Auctions). 📅 Interested parties are invited to send feedback to the Interconnectors by ⏳ COB 5 July 2024 . 📝 Further information of this joint #consultation can be found here: 👉 https://lnkd.in/eDPsAC96 📧 Please contact Munti Nguyen, Nemo Link Customer, Policy and Regulation Manager for any questions or further discussion. #crossbordertrading #intraday #30minuteMTU #interconnectors

Joint assets such as Nemo Link Limited, the interconnector that connects #Belgium to #GreatBritain, serve as an excellent example of why #partnerships are key for the success of the #energytransition. In light of this, and as part of the schedule of the Belgian Presidency of the Council of the European Union 2024, Elia Group and Nemo Link Limited hosted a tour of Nemo Link’s converter station in #Bruges yesterday. A group of 65 visitors – comprising energy attachés from EU permanent representations, representatives from the European Commission and the Council secretariat, officials from Belgium’s FPS Economy and diplomats from some of the EU’s neighbouring countries – took part in the tour. Staff from Nemo Link Limited and Elia Group, including Bart Goethals, Lisa Kettle, Wouter Van Oekel, Bernard De Clercq, Thijs Vandenbussche, Jelle Reynaert, and Marianne Houman, took their visitors through the interconnector’s role and operation, including the framework that covers this. Nemo Link also explained some of its key challenges around #Brexit (less efficient #marketcoupling and issues around #EUCBAM) that would require #political will from both the UK and the EU to get resolved. Nemo Link, which has been operational since January 2019, was Belgium’s first #subsea #electricity #interconnector and is one of National Grid’s six operating interconnectors to Europe. It enables electricity to be exchanged between Belgium and Great Britain, improving their security of supply, and gives consumers in both countries access to cheaper electricity generated abroad. The path to #netzero is not a straightforward one. Establishing close relationships between the EU and its #neighbours, including the UK, will play a major part in allowing us to reach it. #partnerships #decarbonisation #netzero #renewables #interconnector #offshore #offshoredevelopment #EUpresidency #belgium #nemolink

Between 9th and 11th June, our Nemo Link team member Nik Carter and a group of colleagues from the Interconnectors business will be taking part in the National Grid Interconnectors #Charity #BikeRide sets off on the 400km journey from the North Sea Link Converter Station in Blyth to the new Viking Link Converter Station at Bicker Fen, all to raise money for two fantastic UK charities - The Vale Federation | Special schools in Aylesbury in Aylesbury MASKS (Make a Special Kid Smile) and Primrose Hospice & Family Support Centre. Every penny raised will make a huge difference to the two charities and the families that they support. If you're able to support the fundraising, then the link to the sponsorship page can be found below, any support is appreciated. https://lnkd.in/gbmxd7v3

Today is #EarthDay 🌍 but sustainability and the environment are a key focus for us all at #NemoLink every day. ⚡ Nemo Link is one of the most reliable #interconnectors of its type in the world and, in its first five years in operation, has enabled the exchange of 29.6 Terawatt hours of electricity between GB and Belgium.  🚗 During this time, Nemo Link has saved 1.4 million tonnes of carbon. The equivalent to taking 650,000 cars off the road! 💡 Between 2020 and 2030, National Grid estimate their interconnectors, including Nemo Link, will help Britain prevent 100 million tonnes of carbon emissions. By moving #zero-carbon energy from where it’s produced to where it’s needed most, interconnectors help to reduce carbon emissions to reach #netzero. 🤝 Nemo Link also strengthens international cooperation, which will be essential for the decarbonisation of Europe. The interconnector facilitates the integration of the European electricity market and the exchange of renewable energy over a vast geographical area.  Lisa Kettle, Nemo Link Operations Director said: ‘At Nemo Link we are proud to be part of the drive to Net Zero, playing an active part in the decarbonisation of the UK and Europe for end users. Now more than ever, it’s important that we continue to consider our environment as a pillar of our decision making. Even the smallest incremental change will have a lasting effect, building on the last improvement. The recent addition of solar panels at our Belgian site demonstrates our ongoing desire to further the energy transition.’   🍃 It is important to recognise these efforts, and for all of us at Nemo Link to continue to work towards a greener, cleaner world. #earthday2024 

Nemo Link is recruiting! Join our commercial team and make a real impact! #interconnectors #energy #recruiting #power

Yesterday AFRY Management Consulting and project partners held a webinar exploring the insights from our #EUCBAM assessment. The slide pack and recording are now available: https://lnkd.in/dri3JssR   The study identifies two issues with the method of application of EU CBAM to electricity imports from GB: 1. Risk of over-statement of #emissions assumed for electricity imports from GB, by estimated carbon emission factors used as default values. 2. Excessive #carbonprice exposure for imports from GB, due to the difficulties identifying the source of power generated. These issues will unduly increase the cost of electricity imports into the EU from GB, presenting a number of adverse outcomes, including significantly reducing electricity imports from Britain to the EU, as well as harming the delivery of #decarbonisation policies. Pieter-Jan Marsboom, #NemoLink’s Product and Service Manager presented at the webinar with suggested mitigation options from the study group and called for a price-coupling system between the UK and EU ETS Systems as a means for a UK exemption from EU CBAM. Full report can be found here: https://lnkd.in/eXkmvaSi

Continuing our wood anniversary spirit, a few of the Nemo Link Team Munti Nguyen, Michele Jordan, Scott Maybury, Ben McGhee volunteered today with the Field Studies Council Bishop Woods. Also, Thank You to all our customers who completed this year’s customer survey. For every completed survey, we pledge to plant a tree. This was not our usual day in the office, hard at work coppicing a tree and clearing some space in the woodland to make light for younger trees. We will be back in the wintertime to help with some more tree planting. 

Last week Nemo Link Limited, together with project partners and AFRY Management Consulting published an impact study report on the EU Carbon Border Adjustment Mechanism (CBAM), focused on #electricityimports from Great Britain.     On 25th March at 13:00 GMT / 14:00 CET, AFRY will be presenting the insights from its assessment, outlining the issues identified and their implications, with suggested mitigation actions to remove the #tradebarrier for electricity imports into the EU that caused by EU #CBAM. ✒ Register for the webinar: https://lnkd.in/eXkmZTZy 📋 Read the full report: https://lnkd.in/eXkmvaSi #crossbordertrading #interconnector #energytransition #decarbonisation #CBAMimpactstudy #tradebarrier

Nemo Link Limited, together with project partners and AFRY Management Consulting today published an impact study report on the EU Carbon Border Adjustment Mechanism (CBAM), focused on #electricityimports from Great Britain. EU #CBAM in its current form could create a very significant #tradebarrier for electricity imports into the EU even if the #carbonprices in the third country are identical. This would negatively impact all dimensions of the energy trilemma. Political will is urgently called upon to get the identified issues addressed and an EU CBAM exemption for the UK e.g. via relinking the #ETS schemes should be examined. #crossbordertrading #interconnector #energytransition #decarbonisation #CBAMimpactstudy #tradebarrier