COMMUNITY IMPACT

 

Benefits

 

The Cronos Energy interconnector project is aimed to provide a range of economic and environmental benefits. Read more about them here.

Cronos Energy represents a GBP 1.7 billion investment that will create significant economic benefits in both countries through a variety of supply chain and commercial opportunities. Building the project will create hundreds of jobs during the multiyear development and construction phases and enable British and Belgian workers to develop skills and expertise in a growing global industry. Additional jobs will be created once Cronos Energy becomes operational.  

By increasing choice and competition in the British and Belgian electricity markets, Cronos Energy can help stabilize and even lower prices for consumers and businesses. 

By facilitating the integration of renewables, Cronos Energy will produce a net reduction in carbon emissions of 4 megatonnes between 2032-2056. That’s equivalent to taking 100,000 cars off the road every year for 25 years! 

Cronos Energy will directly link the British and Belgian grids, carrying enough electricity to power up to 1.5 million homes and increasing the resiliency and security of the electricity supply. 

Interconnectors use proven, reliable technology and play a key role in making electrical grids more flexible and efficient as the needs of consumers, businesses, and industry change and evolve. 

Cronos Energy is designed with the future energy needs of British and Belgian consumers, businesses, and industry in mind. It is anticipated that the project will be completed in 2032