Company AnnouncementAnnouncement No. 28- This is a historic order and a major milestone for NKT and we are very excited to continue the collaboration with 50Hertz in their ambitious development of the 525 kV HVDC transmission grid. We are looking forward to further strengthening this relationship, where we are currently executing the cable projects for the two SuedOstLink transmission lines and the offshore cable link Ostwind 2. With this record award, we confirm the strength and versatility of our HVDC power cable program, our strong position in the market and continue to be a key supplier for the German Energiewende.- With these contracts, we are taking a major step towards enabling Germany to achieve the goal of climate neutrality by 2045. High-capacity power lines – whether overhead lines, cables on the seabed or underground cables on land – are the backbone of the energy transition. Their production and installation require exceptional technological expertise. In NKT, we have a partner with whom we have already worked on other projects and who represent ‘Made in Europe’ quality. We look forward to the cooperation.To ensure a strong sustainability profile of the upcoming projects, 50Hertz has included Environmental Cost Indicators as key selection criteria in the projects awarded to NKT. Thereby both parties agree to the highest standards for the environmental focus in the projects and set a continuous incentive to reduce the carbon footprint of the power cable systems.Press:                           Louise W. Naldal, Head of Group Communications, Tel: +45 2982 0022
(GlobeNewsWire)