Latest news with #NKT
Sustainability Times
a day ago
- Business
- Sustainability Times
'World's Deepest Cable Burial': This Monster Trencher Digs 18 Feet Beneath the Seabed to Power the Future
IN A NUTSHELL 🔧 NKT unveils the T3600, a 3,600-horsepower subsea trencher, to enhance offshore cable protection. unveils the T3600, a 3,600-horsepower subsea trencher, to enhance offshore cable protection. 🇬🇧 UK -based OSBIT designs and constructs the trencher, boosting local employment and the maritime supply chain. -based OSBIT designs and constructs the trencher, boosting local employment and the maritime supply chain. 🌊 The T3600 combines advanced technology with deep-set capabilities, ensuring minimal impact on ecosystems while securing energy supplies. 🔋 Part of a broader renewable energy expansion, the trencher supports Europe's race to connect seabed renewables to onshore grids. In the realm of modern engineering marvels, the advent of the world's most powerful subsea trencher marks a monumental shift in how we approach undersea cable protection. Denmark's recent unveiling of the T3600, a 3,600-horsepower trenching titan, underscores a commitment to safeguarding critical offshore infrastructure. As the demand for renewable energy grows, so does the need for robust systems that ensure the integrity of high-voltage cables buried beneath the ocean's depths. This ambitious project not only promises enhanced security but also bolsters local economies by engaging numerous British companies in its development. UK Supply Chain at the Core The T3600 subsea trencher is a testament to the collaboration between nations and industries. At the heart of its engineering and construction is OSBIT, a renowned UK-based firm entrusted with the design and development of the trencher and its launch-and-recovery system. By anchoring this project within the UK's maritime supply chain, NKT is reinforcing local employment opportunities and ensuring the long-term viability of UK-based contractors. 'Unlimited Geothermal Energy Is Real': Ultra-Deep Fracturing Breakthrough Promises Infinite Clean Power, Scientists Confirm This strategic move integrates NKT's installation package, reducing scheduling and interface risks for developers while solidifying the UK's role in the global renewable energy landscape. The T3600 is part of a broader investment strategy, including expansions in Portugal and Sweden, aimed at enhancing manufacturing capacity and ensuring reliable project execution. As threats to subsea cables increase, due to both natural and human factors, improved protection becomes paramount. 'China Issues Full-Scale Alert': Spinning Cannon From U.S. Startup Fires Pancake Satellites Into Orbit and Ignites Global Space Tensions Trencher Technology Comes of Age The evolution of subsea trenchers reflects the broader technological advancements in maritime engineering. From their rudimentary beginnings as simple ploughs, trenchers have evolved into sophisticated machines capable of traversing complex undersea terrains. The offshore oil boom of the late 20th century catalyzed the development of more powerful jet trenchers, while the rise of offshore wind and deep-water oil drilling in the 2000s demanded even greater precision. 'Trash Into Power': Scientists Create Batteries From Industrial Waste to Store Green Energy and Rewrite the Future of Sustainability Today, industry leaders deploy fleets of trenchers that utilize autonomous control, real-time monitoring, and low-impact burial techniques. NKT's T3600 represents the pinnacle of this technological advancement, combining high horsepower with deep-set capabilities to meet the demands of next-generation wind hubs. By ensuring minimal impact on surrounding ecosystems, the T3600 not only enhances energy supply security but also supports global biodiversity goals. Part of a Larger Build-Out The unveiling of the T3600 is not an isolated event but part of a comprehensive expansion strategy by NKT. This includes the recent renaming of a Portuguese cable plant and the construction of a significant factory expansion in Sweden. These efforts reflect the increasing demand for high-voltage export systems as Europe and other regions strive to connect offshore renewable energy sources to onshore grids. Construction of the T3600 is well underway, with British suppliers playing a crucial role. NKT anticipates that the trencher will be ready for commercial deployment within two years of the Eleonora vessel's delivery. By then, the need for efficient cable burial solutions will be greater than ever, as hundreds of miles of new offshore cables will require secure installation. If projections hold, the T3600 will pave the way for the future of subsea infrastructure. The T3600 subsea trencher marks a significant milestone in our journey toward a sustainable, interconnected future. By coupling advanced technology with strategic partnerships, NKT is setting new standards for undersea cable protection. As the world moves towards renewable energy, the importance of safeguarding this infrastructure cannot be overstated. How will innovations like the T3600 shape the future of renewable energy and global connectivity in the years to come? Our author used artificial intelligence to enhance this article. Did you like it? 4.5/5 (25)
Bloomberg
12-06-2025
- Business
- Bloomberg
There Aren't Enough Cables to Meet Growing Electricity Demand
High-voltage electricity cables are in huge demand around the world, so much so that a lack of cabling has become a bottleneck throttling the clean energy transition. So why are cable manufacturers so hesitant to expand? Also, how are these giant cables made? And is China about to eat everyone's lunch? Claes Westerlind, chief executive officer of cable manufacturing company NKT, joins Zero to discuss. This is the third episode in Bottlenecks, a series exploring the lesser known obstacles standing in the way of our electrified future.
Bloomberg
11-06-2025
- Business
- Bloomberg
Zero: There Aren't Enough Cables to Meet Power Demand
High-voltage electricity cables are in huge demand around the world, so much so that a lack of cabling has become a bottleneck throttling the clean energy transition. So why are cable manufacturers so hesitant to expand? Also, how are these giant cables made? And is China about to eat everyone's lunch? Claes Westerlind, chief executive officer of cable manufacturing company NKT, joins Zero to discuss. This is the third episode in Bottlenecks, a series exploring the lesser known obstacles standing in the way of our electrified future.
Yahoo
11-06-2025
- Business
- Yahoo
NKT A/S concludes share buyback programme
Company Announcement 11 June 2025Announcement No. 18 NKT A/S concludes share buyback programme On 21 May 2025, NKT A/S initiated a share buyback programme to meet obligations relating to the Company's share-based incentive programmes for employees and employee share programme, as informed in Company Announcement no. 17 of 21 May 2025. This share buyback programme has now been concluded. The share buyback programme was executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Between 22 May 2025 and 10 June 2025, NKT A/S has bought back 268,949 shares for a total amount of DKK 146.1m (EUR 19.6m). Trading days Number of shares bought back Average transaction price Amount in DKK 22 May 2025 37,000 519.09 19,206,344.80 23 May 2025 37,000 533.13 19,725,791.50 26 May 2025 28,613 545.00 15,594,022.05 27 May 2025 41,000 564.82 23,157,673.30 28 May 2025 36,387 566.74 20,622,001.13 2 June 2025 20,000 555.72 11,114,314.00 3 June 2025 20,000 525.69 10,513,722.00 4 June 2025 20,000 525.83 10,516,644.00 6 June 2025 20,000 540.20 10,804,064.00 10 June 2025 8,949 542.06 4,850,923.58 Following the transactions stated above, NKT A/S owns a total of 269,594 treasury shares corresponding to 0.50% of the total share capital. Contact InvestorsJacob Johansen, Head of Investor Relations+45 2169 3591 / Louise Westh Naldal, Head of Group Communications+45 2982 0022 / Attachment NKT concludes share buyback programmeError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
NKT initiates share buyback to meet obligations for share-based incentive programmes for employees
Company Announcement 21 May 2025Announcement No. 17 NKT initiates share buyback to meet obligations for share-based incentive programmes for employees Share based incentivesThe Board of Directors of NKT A/S has decided to exercise the authority to buy back shares granted by the Annual General Meeting on 25 March 2021. The authorisation is valid in the period until 31 March 2026, and the Board of Directors is authorised to arrange for acquisition of the Company's own shares up to a nominal value of 10% of the share capital. The share buyback is to meet obligations relating to the Company's share-based incentive programmes for employees. Employee share programmeAt the Annual General Meeting and in Company Announcement No. 14 dated March 19, 2025, NKT announced the anticipated launch of an employee share programme in June. NKT now confirms the launch of the employee share programme in June. The purpose of the share buyback programme is to fulfill the obligations arising from this initiative. The share buyback programme will run from 22 May 2025 and end no later than 20 June 2025. During this period, NKT A/S will buy its own shares up to a maximum of 268,949 shares in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour-rules. Terms NKT A/S is required to retain a lead manager who is to make its own trading decisions independently of and without influence from the Company and execute the share buyback programme within the announced limits. NKT A/S has designated Nordea Denmark, Filial af Nordea Bank Abp, Finland as its lead manager for the share buyback programme. Under the share buyback programme, NKT A/S may repurchase up to 268,949 shares, corresponding to 0.50% of the current share capital of NKT A/S, for an amount up to maximum DKK 175m. No shares may be bought back at a price exceeding the higher of (i) the share price of the latest independent trade and (ii) the highest current independent bid at Nasdaq Copenhagen at the time of trading in compliance with the authority. The maximum number of NKT A/S shares that may be purchased on each business day may not exceed 25% of the average daily trading volume of NKT A/S shares on Nasdaq Copenhagen during the 20 trading days preceding the date of purchase. Contact InvestorsJacob Johansen, Head of Investor Relations+45 2169 3591 / Pelle Fischer-Nielsen, External Communications Lead, +45 2223 5870 / Attachment NKT initiates share buyback
