ASC announces two exciting developments

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Atlantic Superconnection LLP is proud to announce two exciting developments on its Project to develop an interconnector from Iceland to the UK to provide low-carbon baseload power to the UK.

The release this week of the Joint Statement from UK-Iceland Energy Task Force (read here) is a major step forward in the development of the Project. The report from the task force is a positive step in the Government-to-Government discussions, which are one of the cornerstones for this exciting project. The report emphasizes the mutual economic benefits of an interconnector between the two countries. The 1.1GW Project would bring clean Icelandic geothermal and hydropower to the UK. The Project would generate significant export income for Iceland as well as providing UK consumers with clean baseload power at a competitive price (significantly below that of Hinkley Point C).

We recognize that there is considerable work to be done to make the Project a reality by the mid 2020s. With this in mind we have appointed Fiona Reilly as an Executive Partner to work with Edmund Truell and Disruptive Capital to develop the Project. Before joining Atlantic Superconnection LLP Fiona was Global Nuclear Lead for Capital Project and Infrastructure at PwC and prior to that she was a Partner and Head of Nuclear at Norton Rose Fulbright. Fiona brings with her, her vast commercial, financial, legal, and regulatory experience having worked on large-scale capital-intensive energy projects both in the UK and globally

Fiona said “I am delighted to be joining Atlantic Superconnection LLP at this exciting time in the Project’s development. The Joint Statement from the Task Force is an important step to securing baseload low carbon power for the UK market.”

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