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NKT is ready to expand its current production facilities in Alingsås, Sweden. Today the site hosts the ground breaking ceremony for the premises that will enable NKT to meet the future demand from the market for power cable accessories.
https://www.nkt.com/news-press-releases/nkt-expands-with-new-test-hall-and-office-building-at-swedish-cable-accessories-site
NKT has been awarded a combination of five on- and offshore power cable projects embedded in a long-term framework agreement by the German TSO 50Hertz. With a combined value of approx. EUR 3.5bn, the order is a new company record for NKT.
https://www.nkt.com/news-press-releases/nkt-secures-framework-agreement-and-record-order-for-five-power-cable-projects-supporting-the-german-energiewende
NKT has certified its cable-laying Vessel NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) significantly reducing the carbon footprint from her operations.
https://www.nkt.com/news-press-releases/nkt-victoria-ready-to-operate-on-biofuel
The Science Based Targets initiative has approved the near-term decarbonization targets set by NKT as an important step in the company’s journey to net-zero emissions.
https://www.nkt.com/news-press-releases/nkt-reaches-major-milestone-in-the-journey-towards-net-zero-emissions
Following the announced status as preferred bidder, NKT has now reserved production and offshore installation capacity for SSEN Transmission for power cables for the two HVDC transmission links Western Isles and Spittal-Peterhead. The projects will strengthen the interconnection of the Scottish transmission grid.
https://www.nkt.com/news-press-releases/nkt-confirms-capacity-reservation-from-ssen-transmission-for-scottish-power-cable-projects
NKT has signed a long-term contract with European copper producer KGHM S.A. on the supply of copper rod for the period 2023-2027.
https://www.nkt.com/news-press-releases/nkt-secures-copper-for-future-growth-by-signing-long-term-contract-with-major-european-copper-producer
NKT has signed the order for the power cable system for the Polish offshore wind project Baltic Power. The project is important for the transition to renewable energy in Poland and the national ambitions of up to 11 GW offshore wind installed by 2040.
https://www.nkt.com/news-press-releases/nkt-awarded-the-contract-for-export-power-cables-for-the-baltic-power-offshore-wind-park
NKT is confirmed as preferred bidder for the supply of power cable systems for two HVDC transmission links by Scottish SSEN Transmission, with the intent to sign a framework agreement for future projects.
https://www.nkt.com/news-press-releases/nkt-is-preferred-bidder-for-framework-agreement-including-two-hvdc-power-cable-projects-in-scotland
NKT takes temporary overvoltage (TOV) test from a theoretical hypothesis to proof-of-concept inhouse and successfully completes its first test sequence – an important technical milestone that increases reliability of cable systems needed for the green transition.
https://www.nkt.com/news-press-releases/nkt-successfully-completes-first-inhouse-tov-test-sequence-of-high-voltage-dc-cable-systems
NKT has won an order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector strengthening the transmission security and electricity supply between the two countries. With the order NKT further extends its market presence to the southern parts of Europe.
https://www.nkt.com/news-press-releases/nkt-awarded-turnkey-hvdc-power-cable-project-to-connect-france-and-spain
NKT has been awarded a framework agreement for TenneT’s 2GW Program to deliver significant volumes of offshore and onshore power cables. The 2GW Program is considered one of the most significant infrastructure projects in the green transformation of Europe.
https://www.nkt.com/news-press-releases/nkt-secures-pioneering-power-cable-framework-agreement-for-tennets-2gw-program
NKT provides preliminary financial figures for Q1 2023 and updates the financial outlook for 2023 following a positive start to the year.
https://www.nkt.com/news-press-releases/nkt-announces-preliminary-q1-2023-financial-figures-and-updates-financial-outlook-for-2023
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