We’ve been selected as the preferred bidder for the Eastern Green Link 3 — a 680 km HVDC project connecting Scotland and England. This is a major step in strengthening the UK’s green energy backbone.
NKT expansion in Karlskrona becomes the first European net-zero strategic project. The EU has recognised the expansion of NKT’s high-voltage power cable factory in Karlskrona as the first European net-zero strategic project under the EU Net-Zero Industry Act. This status provides the project with a national priority status for accelerat-ed administrative treatment and faster permitting.
NKT Victoria - Pushing the boundaries of cable installation The transition to renewable energy is one of the most critical challenges of our time. As the world shifts toward more sustainable power sources, the infrastructure that supports this transformation must evolve as well.
Successful 2024: NKT releases annual report showing organic growth of 26% NKT has published its integrated annual report for 2024, showcasing robust financial performance with 26% organic growth and a record-high operational EBITDA.
We recently passed another important milestone, welcoming employee number 6,000 to the NKT team. As the demand for power cables continues to grow, we need more NKT Connectors to support our growth journey. This year alone we have welcomed more than 1,000 fantastic new colleagues to help us on our mission to connect a greener world.
We have released the financial results for Q3 2024 showing 25% organic growth and record quarterly operational EBITDA. The positive development was driven by all business lines. NKT CEO Claes Westerlind says: "In Q3 2024, we continued the execution of the high-voltage order backlog and the ongoing investments across seven of our production sites. This positively impacted the financial performance, where we delivered double-digit revenue growth for the eighth consecutive quarter and record-high quarterly operational EBITDA. We are constantly strengthening our market position, and as a pure-play power cable solutions provider, we are well-positioned to benefit from the robust demand driven by the energy transition."
We recently celebrated the opening of our new office for the Global Competence Centre (G3C) in Chennai to support our growing team. The inauguration was attended by Jens Due Olsen, Chair of the Board, and CEO Claes Westerlind. “It was a pleasure meeting many of our Indian colleagues and officially opening the new office in Chennai. We are happy to continue growing our presence in India by expanding our talent base and strengthening the contributions from the teams across the value chain for key projects and tenders. Thank you to all the colleagues for the warm welcome during our visit, and for the consistent efforts supporting our growth,” says Claes Westerlind. NKT has more than 165 skilled employees in India, primarily engineers, operating from our three offices in Chennai, Mumbai and Gurugram, close to Delhi.
As we are participating in New York Climate Week, we continue the installation of the Champlain Hudson Power Express (CHPE) connecting Quebec to New York State. It feels great to play a key role in enabling renewable energy supply in New York City. The CHPE is one of the largest infrastructure projects in the U.S. and will bring hashtag#hydropower from Canada providing 20% of New York City’s hashtag#power.
NKT signs large AC onshore order with Belgium’s TSO to support grid upgrades. NKT will deliver 545 km of 70 kV, 110 kV, and 150 kV AC onshore power cables to transmission system operator, Elia Transmission Belgium. Key facts: 545 km of 70 kV, 110 kV, and 150 kV power cables The power cables will be delivered throughout 2025-2027 ETB is Belgium’s national TSO and a part of Elia Group ETB operates the electricity transmission network in Belgium, managing the high-voltage transmission grid which comprises close to 9,000 km of overhead lines and underground cables.
