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NKT has been awarded a large turnkey contract of approx. EUR 500m (approx. DKK 3.7bn) by the German transmission system operator 50Hertz. The contract comprises supply and installation of 525 kV XLPE high-voltage DC (direct current) onshore cable solution for a significant portion of the SuedOstLink transmission line in route lengths of approx. 275 km
https://www.nkt.com/news-press-releases/nkt-awarded-major-share-of-suedostlink-one-of-the-german-high-voltage-dc-corridor-projects
NKT is awarded a contract of approx. EUR 300m (approx. DKK 2.23bn) by 50Hertz. The contract comprises supply of approx. 270 km of 220 kV high-voltage AC XLPE offshore export cable system, and approx. 8 km of 220 kV high-voltage AC XLPE onshore cable system for the Ostwind 2 offshore wind farm grid connection in Germany.
https://www.nkt.com/news-press-releases/nkt-awarded-its-largest-offshore-export-cable-order-ever-for-the-ostwind-2-grid-connection
The PRSI Pool has awarded NKT a service agreement, which allows NKT to do turnkey repairs of offshore power cables owned by members of the pool. Among them is the energy company Equinor who issued the tender.
https://www.nkt.com/news-press-releases/nkt-wins-service-agreement-with-norway-based-pipeline-repair-and-subsea-intervention-prsi-pool
With our extensive expertise in dynamic cables, we have joined the TAILWIND project, focusing on shaping the next generation of floating offshore wind farms.
https://www.nkt.com/news-press-releases/project-tailwind-business-and-academic-consortium-kicks-off-collaboration-on-the-future-of-floating-offshore-wind
NKT has delivered the first order for its new Adaptive Rigid Sea Joint to the Danish transmission system operator (TSO) Energinet. The innovative power cable joint allows Energinet to optimize inventory and minimize waste as the joint can be adapted for several cable types from different suppliers.
https://www.nkt.com/news-press-releases/nkt-supplies-adaptive-power-cable-joints-to-energinet-as-spare-parts-for-all-their-hvac-offshore-cable-systems
The German transmission system operator 50Hertz has awarded NKT a frame agreement for power cable monitoring solutions. The agreement covers a large part of 50Hertz’ demand for monitoring of on- and offshore power cable systems .
https://www.nkt.com/news-press-releases/nkt-wins-frame-agreement-with-50hertz-for-cable-monitoring-solutions
To support growing demand from customers for medium-voltage power cables required for grid upgrades and renewables energy projects across Europe, NKT is investing in additional production capacity and capabilities at its medium-voltage factories in Denmark, Sweden and Czech Republic.
https://www.nkt.com/news-press-releases/nkt-invests-in-medium-voltage-power-cable-business-to-boost-capacity-for-growing-demand
NKT has been awarded two onshore power cable projects by the German TSO Amprion. With the order, NKT further reinforces its position as the leading provider of power cable solutions for the German transition to renewable energy and consequently invests in additional high-voltage capacity at its existing factory in Cologne, Germany.
https://www.nkt.com/news-press-releases/nkt-secures-order-for-two-power-cable-projects-and-invests-in-additional-high-voltage-capacity-in-germany
With a shared commitment to sustainability and decarbonization, Hydro and NKT will collaborate on low-carbon aluminium solutions for the production of medium- and high-voltage power cables.
https://www.nkt.com/news-press-releases/nkt-and-hydro-form-strategic-partnership-to-further-decarbonize-the-power-cable-supply-chain
NKT has published its Annual Report showing strong financial performance with 36% organic growth and the highest annual operational EBITDA in company history. The development is driven by high demand for power cable solutions supporting the transition to renewable energy.
https://www.nkt.com/news-press-releases/successful-2023-nkt-releases-annual-report-showing-36-organic-growth
NKT has released its Sustainability Report for 2023 showing continued commitment to sustainability and its ambitious decarbonization roadmap.
https://www.nkt.com/news-press-releases/sustainability-report-2023-continued-commitment-to-a-greener-world
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
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