Marinus Link signs agreement with Jacobs in readiness for construction

Marinus Link Pty Ltd (MLPL) has signed an agreement with global science-based consultancy and advisory company Jacobs (NYSE:J) to deliver Stage 1 of the Marinus Link project.

The major collaboration enables MLPL to rapidly ramp up its project delivery team and systems in preparation for construction, which is expected to commence in 2026.

Jacobs has extensive experience delivering major energy infrastructure, including high-voltage direct current (HVDC) projects, such as Marinus Link.

MLPL Interim CEO Collette Burke, said this is an important next step as the organisation mobilises to deliver the Marinus Link project pending a Final Investment Decision (FID) this year.

“With our HVDC cables and converter technology secured, our agreement with Jacobs and our major civils tender well-advanced, we are in position to hit the ground running should we receive the necessary approvals,” Dr Burke said.

“Jacobs will integrate with and enhance our current MLPL workforce to create a unified high-performing team that combines international expertise, local capability and community ties,” she said.

“Nations worldwide need reliable, affordable and low-emission energy solutions,” said Jacobs President of Global Operations Patrick Hill. “Jacobs, together with Marinus Link, will deliver a step-change to the Australian east coast electricity grid – increasing access to low-carbon energy sources in Tasmania to support the nation’s decarbonisation targets. This Integrated Delivery Partnership will allow Jacobs to mobilise global experience in capital project execution, utility infrastructure enhancement, and future energy demand planning to assure delivery for this critical asset.”

Marinus Link is listed as a priority for decarbonisation on the Australian Government’s National Renewable Energy Priority List and is classified as urgent in the Australian Energy Market Operator’s optimal plan for the national grid.

“Our collaboration with Jacobs is pivotal to the successful delivery of this critical national energy infrastructure, which will bolster energy security, promote renewable energy investment and deliver tangible benefits to consumers in Tasmania, Victoria and the broader National Electricity Market,” Dr Burke said.

The MLPL Board will deliver its final investment decision recommendation to shareholders for Stage 1 of the Marinus Link project on 31 May 2025, with a decision from shareholders likely early in the second half of this year.