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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
The Danish utility N1 is preparing to connect the Danish solar farm Vandel III to the power grid to support the transition to renewable energy. NKT has won the order of approximately 135 km of high-voltage power cables to reinforce the local power grid to ensure efficient distribution.
https://www.nkt.com/news-press-releases/nkt-wins-order-to-connect-large-danish-solar-farm-to-the-power-grid
NKT is now powering its power cable manufacturing with electricity from renewable energy. This is reducing its CO2-emissions from energy consumption with 66%. For NKT, the move to green electricity is a key step in supporting the global transition to renewables by reducing the carbon footprint of its power cable solutions.
https://www.nkt.com/news-press-releases/nkt-runs-all-its-power-cable-factories-with-renewable-energy-saving-over-48-000-tons-of-co2-annually
The Caithness-Moray power link project is a major investment in Scottish infrastructure, capable of transmitting enough power to meet the needs of about two million residents.
https://www.nkt.com/news-press-releases/nkt-completes-the-hvdc-power-cable-system-for-scottish-caithness-moray-link-supporting-transition-to-a-low-carbon-economy
As informed in Company Announcement no. 13 of 15 November 2019, NKT was evaluated as successful bidder for delivery and installation of the onshore power cable systems for the Attica-Crete interconnector project.
https://www.nkt.com/news-press-releases/nkt-confirms-turnkey-order-for-the-attica-crete-interconnector-project
NKT has entered a Preferred Supplier Agreement (PSA) as main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the prospective Dogger Bank offshore Wind Farms Creyke Beck A/B. The project is being developed as a joint venture by Equinor (50%) and SSE (50%).
https://www.nkt.com/news-press-releases/nkt-is-preferred-turnkey-supplier-for-dogger-bank-offshore-wind-farms-creyke-beck-a-b
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