TenneT

EQS-News: FRIEDRICH VORWERK increases revenues by 23.8 % to € 258.7 million in the first nine months with an EBIT margin of 12 %

Retrieved on: 
Friday, November 11, 2022

The adjusted EBIT in the first nine months of the financial year was 31.1 million, which corresponds to an EBIT margin of 12 % and a slight decrease of 2.5 million compared to the same period of the previous year.

Key Points: 
  • The adjusted EBIT in the first nine months of the financial year was 31.1 million, which corresponds to an EBIT margin of 12 % and a slight decrease of 2.5 million compared to the same period of the previous year.
  • With an EBIT margin of 14.3% in the third quarter, the recovery of the profitability level that began in the second quarter was continued.
  • Order intake in the reporting period amounted to 317.8 million, which corresponds to an increase of 72.5 % compared to the previous year.
  • The significant increase in order intake is mainly due to a number of large contracts won earlier this year.

Hitachi Energy to provide world's first SF6-free 420 kV gas-insulated switchgear technology at TenneT's grid connection in Germany

Retrieved on: 
Thursday, November 10, 2022

The company aims to be a driving force behind the energy transition by investing in eco-efficient technologies to reduce greenhouse gas emissions.

Key Points: 
  • The company aims to be a driving force behind the energy transition by investing in eco-efficient technologies to reduce greenhouse gas emissions.
  • As a transmission system operator, TenneT is a key player on the historic path to a safe, reliable and carbon-free energy system.
  • Hitachi Energy has placed sustainability at the heart of its Purpose and is advancing a sustainable energy future for all.
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.

Hitachi Energy to provide world’s first SF6-free 420 kV gas-insulated switchgear technology at TenneT’s grid connection in Germany

Retrieved on: 
Wednesday, November 9, 2022

The global technology leader will deliver innovative EconiQ 420 kV GIS that uses a game-changing technology that eliminates SF6 with reliable and scalable solutions for the lowest carbon footprint.

Key Points: 
  • The global technology leader will deliver innovative EconiQ 420 kV GIS that uses a game-changing technology that eliminates SF6 with reliable and scalable solutions for the lowest carbon footprint.
  • The company aims to be a driving force behind the energy transition by investing in eco-efficient technologies to reduce greenhouse gas emissions.
  • Hitachi Energy has placed sustainability at the heart of its Purpose and is advancing a sustainable energy future for all.
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.

Jacobs Wins National Grid Design & Project Services Framework

Retrieved on: 
Tuesday, October 4, 2022

DALLAS, Oct. 4, 2022 /PRNewswire/ -- Jacobs (NYSE:J) was awarded the Design & Project Services Framework with energy utility National Grid in the U.K. to support their full construction of the Electricity and Gas Transmission cycle.

Key Points: 
  • DALLAS, Oct. 4, 2022 /PRNewswire/ -- Jacobs (NYSE:J) was awarded the Design & Project Services Framework with energy utility National Grid in the U.K. to support their full construction of the Electricity and Gas Transmission cycle.
  • Through the new four-year framework, Jacobs will provide feasibility and survey works, front-end conceptual and detailed design, through to assurance, verification and commissioning services.
  • The framework covers 10 Lots across all National Grid's Transmission portfolio, including substations, overhead lines, onshore cables, high-voltage direct current (HVDC), protection control & cyber, gas, civils, multi-disciplinary design services, project services and design assurance.
  • "These services extend Jacobs' 15-year relationship with National Grid and our continued commitment to challenge design rationale and drive programmatic and collaborative solutions to maximize project efficiencies," said Jacobs People & Places Solutions Senior Vice President Europe and Digital Strategies Donald Morrison.

DGAP-News: FRIEDRICH VORWERK increases order intake by 142% in the first half of the year, achieves revenues of €143 million with an adjusted EBIT margin of 10% and adjusts profitability forecast

Retrieved on: 
Friday, August 12, 2022

FRIEDRICH VORWERK increases order intake by 142% in the first half of the year, achieves revenues of 143 million with an adjusted EBIT margin of 10% and adjusts profitability forecast

Key Points: 
  • FRIEDRICH VORWERK increases order intake by 142% in the first half of the year, achieves revenues of 143 million with an adjusted EBIT margin of 10% and adjusts profitability forecast
    The issuer is solely responsible for the content of this announcement.
  • Revenues increased by 7.6% to 142.8 million in the same period.
  • At 422 million, the order backlog as at 30 June 2022 marked a new all-time high in the company's history.
  • The adjusted EBIT of 14.6 million was significantly below the previous year's value of 21.3 million, which corresponds to a decline in the EBIT margin in the first half of the year to 10.2%.

Hitachi Energy Supports Huge Step in Germany's Energy Transition

Retrieved on: 
Thursday, August 4, 2022

SuedLink DC4 is one of the most important power grid and energy transition projects in Germany.

Key Points: 
  • SuedLink DC4 is one of the most important power grid and energy transition projects in Germany.
  • "We are proud to play a crucial role in this very important investment in Germany's transition to renewable energy and carbon neutrality," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business.
  • As part of its long-term commitment to Germany's energy transition, Hitachi Energy has recently won or completed orders for solutions that integrate large-scale renewables(3).
  • Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all.

Hitachi Energy supports huge step in Germany’s energy transition

Retrieved on: 
Wednesday, August 3, 2022

It will play a crucial role in Germanys energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.

Key Points: 
  • It will play a crucial role in Germanys energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.
  • We are proud to play a crucial role in this very important investment in Germanys transition to renewable energy and carbon neutrality, said Niklas Persson, Managing Director of Hitachi Energys Grid Integration business.
  • As part of its long-term commitment to Germanys energy transition, Hitachi Energy has recently won or completed orders for solutions that integrate large-scale renewables*3.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the worlds HVDC projects.

DGAP-News: FRIEDRICH VORWERK wins major contract for cable laying and cable logistics for the new high-voltage transmission line SuedLink

Retrieved on: 
Thursday, May 12, 2022

Tostedt, 12 May 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for cable laying and cable logistics for the planned high-voltage direct-current (HVDC) transmission line SuedLink.

Key Points: 
  • Tostedt, 12 May 2022 Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading supplier in the field of energy infrastructure, wins the major contract for cable laying and cable logistics for the planned high-voltage direct-current (HVDC) transmission line SuedLink.
  • The new SuedLink transmission line jointly planned by the Transmission System Operators (TSOs) TenneT and TransnetBW is considered a key grid expansion project for a successful energy transition in Germany.
  • The contract was awarded by the turnkey cable system provider NKT and includes cable laying and last-mile cable logistics along almost the entire route from the Brunsbttel converter station in Schleswig-Holstein to Grogartach in Baden-Wrttemberg.
  • In addition to cable laying and logistics, this results in substantial project volumes in the area of underground cable line construction (incl.

Jacobs and Morrison Energy Services Secure National Grid Projects

Retrieved on: 
Thursday, May 12, 2022

DALLAS, May 12, 2022 /PRNewswire/ -- Jacobs (NYSE:J)/Morrison Energy Services Joint Venture – J1M – was awarded three contracts to support Pembroke, Lackenby and Bramley substation projects under energy utility National Grid's six-year Substations Engineering Procurement Construction Framework in the U.K.

Key Points: 
  • DALLAS, May 12, 2022 /PRNewswire/ -- Jacobs (NYSE:J)/ Morrison Energy Services Joint Venture J1M was awarded three contracts to supportPembroke, Lackenby and Bramley substation projects under energy utility National Grid 's six-year Substations Engineering Procurement Construction Framework in the U.K.
    As principal designer and contractor, the Jacobs/Morrison Energy Services Joint Venture is progressing detailed design and early works on the Pembroke substation project in Wales, to connect it to Ireland's Greenlink interconnector , one of Europe's most important energy infrastructure projects.
  • "With the U.K.'s ambition to quadruple energy from offshore wind by 2030, these projects play an essential role in expanding transmission capacity to the grid," said Jacobs People & Places Solutions Senior Vice President Europe and Digital Strategies Donald Morrison.
  • "This is a great opportunity for Morrison Energy Services, as an established energy networks service provider, to help drive forward the U.K.'s essential transition to the sustainable energy systems of the future," said Morrison Energy Services Managing Director Peter Carolan.
  • Morrison Energy Services is a part of M Group Services.

McDermott Awarded Its Largest Ever Renewable Energy Project by TenneT

Retrieved on: 
Tuesday, February 15, 2022

HOUSTON, Feb. 15, 2022 /PRNewswire/ --McDermott International has been awarded its largest ever renewable energy contract from TenneT for the BorWin6 980MW High-Voltage, Direct Current (HVDC) project.

Key Points: 
  • HOUSTON, Feb. 15, 2022 /PRNewswire/ --McDermott International has been awarded its largest ever renewable energy contract from TenneT for the BorWin6 980MW High-Voltage, Direct Current (HVDC) project.
  • McDermott will lead the consortium with GEIRI / C-EPRI through an integrated execution model utilizing McDermott's extensive global engineering centers and strategically located fabrication yards.
  • McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry.
  • Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.