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Submarine HVAC cable to the floating oil and gas platform at Gjøa
https://www.nkt.com/news-press-releases/worlds-first-dynamic-high-voltage-cable
NKT has successfully installed and laid 525 kV HVDC submarine power cables at more than 700 meters in Norwegian waters with its advanced cable-laying vessel NKT Victoria.
https://www.nkt.com/news-press-releases/nkt-completes-deep-water-cable-test-and-installation-of-hvdc-cable-systems
As of Friday 16 November, the Board of Directors announced that CFO Roland M. Andersen has been appointed interim CEO of NKT as Michael Hedegaard Lyng steps down as CEO.
https://www.nkt.com/news-press-releases/roland-m-andersen-appointed-interim-ceo-in-nkt
NKT has won the turnkey service repair order of the Skagerrak 2 offshore cable, which was damaged in July, from the Norwegian system operator Statnett. The service operation is scheduled to begin in October.
https://www.nkt.com/news-press-releases/nkt-wins-the-turnkey-service-order-to-restore-power-cable-between-denmark-and-norway
The digital hub of NKT continues to innovate the asset- and project management in the power cable industry and enters partnership with IOTA Foundation to meet industry demands for digital asset management of cable drums.
https://www.nkt.com/news-press-releases/nkt-enters-digital-partnership-to-take-the-tracking-of-cable-drums-to-the-next-level
NKT provides a brief update on the Corona situation.
https://www.nkt.com/news-press-releases/nkt-update-on-covid-19-situation
In connection with the announcement of the high-voltage order award for the SuedOstLink project and following the coronavirus outbreak, NKT Group provides a trading statement on the current business performance with preliminary financial highlights for Q1 2020.
https://www.nkt.com/news-press-releases/q1-2020-trading-statement-and-update-of-2020-financial-outlook
NKT has finalized a turnkey offshore repair of the Baltic Cable connecting the power grids in Sweden and Germany after it was damaged due to external impact. The power cable system was restored within 29 days from the initial fault notification and is now back in full operation.
https://www.nkt.com/news-press-releases/nkt-completes-repair-of-the-hvdc-interconnector-baltic-cable-in-only-29-days
The NKT Board of Directors has appointed Line Andrea Fandrup, Executive Vice President, Chief Financial Officer (CFO) of NKT and NKT A/S. She joins NKT no later than 1 November 2020.
https://www.nkt.com/news-press-releases/nkt-appoints-line-andrea-fandrup-as-cfo
In an innovative partnership, the IOTA Foundation and THINKT Digital, the digital hub of NKT, will explore how assets can be autonomous economic agents which can pay for their own services as they move through the supply chain.
https://www.nkt.com/news-press-releases/this-drum-will-pay-its-way-and-give-incentives-to-do-business
In May 2020, NKT won the first commercial order for a 525 kV extruded HVDC cable system with XLPE insulation for the 2 GW project SuedOstLink in Germany. The 525 kV cable system is a key element in developing a DC grid that can utilize renewable energy generation more efficiently.
https://www.nkt.com/news-press-releases/525-kv-xlpe-dc-cable-systems-a-key-contributor-in-the-green-transformation
NKT has released its financial results for Q1 2020 showing improvements driven by all three business lines.
https://www.nkt.com/news-press-releases/improved-financial-results-in-q1-2020
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