A Single Lightning Strike Effect with a Grounded Impact Effect, The lightning has a mask reveal, you can increase/decrease the duration of of the reveal.

Contains:

Unreal Engine Version: UEFN, 5.3+
Effect Type: CPU/GPU
Materials: 1 Master material, 3 Material Instance
Textures: 3
LODS: No

Parameters:
Flash – Scale, Glow – Colour, Glow – Lifetime, Glow – Scale, Lightning – Alpha Curve, Lightning – Alpha Max, Lightning – Alpha Min, Lightning – Colour, Lightning – Colour Intensity Curve, Lightning – Colour Intensity Scale, Lightning – Flipbook Index, Lightning – Flipbook Rand Index, Lightning – Life Max, Lightning – Life Min, Lightning – Sprite Size Max, Lightning – Sprite Size Min, Lightning – Sprite Size Scale, Reveal Duration, Reveal Flash Duration, Smoke – Alpha Intensity, Smoke – Colour, Smoke – Lifetime Max, Smoke – Lifetime Min, Smoke – Scale,

Component Assets:
Materials: VFX_Sprite_Mask_Reveal, VFX_Sprite_Basic

Texture: Lightning – Lightning Single Arcs 01
Flash – Thorn_512
Smoke – Smoke_Puff_Fast_02

Source Files:

Substance Designer File: Lightning Single Arcs Source File
EmberGen File – Smoke_Puff_Fast_02