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In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage factory on the existing site in Karlskrona and a new market leading cable-laying vessel. The order for the construction of the vessel has now been placed with Norwegian shipyard Vard. The vessel will be designed by the Norwegian company Salt Ship Design AS. The vessel will be constructed in parallel with NKT expanding its site in Karlskrona, Sweden, and both assets are expected operational from 2027.
https://www.nkt.com/news-press-releases/nkt-has-placed-order-for-new-cable-laying-vessel
NKT has received an order from the Icelandic transmission systems operator (TSO) Landsnet covering more than 200 km of 66 kV power cables for the ongoing development of the island’s power grid. With 100% of Iceland’s electrical energy coming from renewable sources, this upgrade will increase access to electricity and strengthen security of supply during often difficult winters.
https://www.nkt.com/news-press-releases/nkt-signs-contract-to-deliver-medium-voltage-power-cables-to-upgrade-icelands-power-grid
The NKT Board of Directors has appointed Claes Westerlind as President and CEO of NKT as of today. Claes has extensive experience from the power cable industry and in-depth knowledge of NKT’s high-voltage business, markets and technology. The appointment will strengthen NKT’s execution of ReNew BOOST as well as the execution of the recently announced expansions of Karlskrona, Sweden.
https://www.nkt.com/news-press-releases/the-board-of-directors-appoints-claes-westerlind-as-new-ceo-of-nkt
While laying the onshore section of a high-voltage interconnector cable in Shetland, Scotland, NKT has successfully protected a range of bird species, including seven wader species nested in and around this particular construction site. The project was successfully completed on-time and on-budget, proving that with the right attitude and approach, it is indeed possible to conduct construction works hand-in-hand with local wildlife.
https://www.nkt.com/news-press-releases/protecting-local-birdlife-during-cable-installation-in-shetland
The onshore power cable system from NKT for the Viking Link connection between Great Britain and Denmark is now in operation and marks a milestone in the interconnection of the European power grids.
https://www.nkt.com/news-press-releases/nkt-finalizes-the-power-cable-project-for-the-viking-link-interconnector
To prepare for the growth journey ahead, NKT has announced changes to the organisation and Global Leadership Team. The changes are effective 1 September 2023.
https://www.nkt.com/news-press-releases/changes-to-the-global-leadership-team-in-nkt
As COP28 kicks off, the future development of the global power grids needs to be addressed as a key priority. An interconnected power grid, also across borders and continents, is essential to the transition to renewable energy.
https://www.nkt.com/news-press-releases/cop28-unprecedented-expansion-of-the-global-power-grid-is-needed-to-ensure-a-low-carbon-future
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
Cables are probably the last thing on your mind when renovating or building a new home. If it even crosses your mind at all. But it might actually be worth paying attention to the cables hiding in your wall as better cables ensure a longer life span and reduce the house’s environmental impact.
https://www.nkt.com/news-press-releases/do-you-know-whats-hiding-in-your-wall
The Q1 result shows 34% organic growth and record-high operational EBITDA. During the quarter NKT has announved several significant power cable awards.
https://www.nkt.com/news-press-releases/nkt-with-strong-financial-performance-for-q1-2023
NKT will soon sign the order for a 230 kV AC high-voltage export power cable system for the Polish project Baltic Power Offshore Wind Park with a capacity of up to 1.2 GW.
https://www.nkt.com/news-press-releases/nkt-is-finalizing-the-power-cable-contract-for-the-first-major-offshore-wind-farm-in-poland
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