A major step forward in the expansion of the Netherlands’ offshore wind capacity has been announced today. GE Vernova and Seatrium Limited, a leading engineering solutions provider, have been awarded their third contract by TenneT TSO B.V. (TenneT) to construct a state-of-the-art 2-gigawatt (GW) High Voltage Direct Current (HVDC) transmission system.

The new system, slated for completion by 2031, will be pivotal in connecting the Nederwiek 2 offshore wind farm to the mainland grid. This project marks another milestone in TenneT’s ambitious goal of harnessing 40 GW of offshore wind energy in the North Sea, a move that is expected to significantly bolster the region’s renewable energy capabilities.

This contract is the latest in a series of collaborations between the two companies and TenneT, under a five-year framework agreement established in March 2023. This ongoing partnership has already seen the successful award and initiation of two similar projects: IJmuiden Ver Beta and IJmuiden Ver Gamma.

“TenneT is leading the charge in Europe’s transition to renewable energy,” said Johan Bindele, Head of Grid Systems Integration at GE Vernova’s Grid Solutions business. “We’re proud to provide our advanced HVDC technology to support their vital work, and we see this as a significant contribution to global decarbonization efforts.”

Samuel Wong, Executive Vice President of Fixed Platforms at Seatrium, echoed this sentiment. “We’re excited to continue our collaboration with TenneT and GE Vernova,” he said. “This project aligns perfectly with our commitment to innovative, sustainable solutions that drive the energy transition forward.”

With GE Vernova’s Grid Solutions leading the engineering and construction of the HVDC converter stations, and Seatrium taking charge of the offshore converter platform, this project promises to be a testament to the power of industry collaboration in achieving ambitious sustainability goals.

About TenneT

TenneT is a premier European transmission system operator dedicated to ensuring a secure and reliable supply of electricity around the clock, all year round. We play a pivotal role in the energy transition, striving for a future where energy is more sustainable, reliable, and affordable than ever. As the first cross-border Transmission System Operator (TSO), we design, build, maintain, and operate over 25,000 kilometers of high-voltage electricity grid across the Netherlands and significant parts of Germany. We also facilitate the European energy market with our 17 interconnectors linking neighboring countries. With a turnover of EUR 9.2 billion and assets totaling EUR 45 billion, we are one of the largest investors in both national and international electricity grids, onshore and offshore. Our 8,300 employees are committed to maintaining the balance between electricity supply and demand for over 43 million people daily, demonstrating ownership, courage, and connection.

About GE Vernova

GE Vernova Inc. (NYSE: GEV) is a specialized global energy company encompassing Power, Wind, and Electrification segments, supported by its accelerator businesses. With over 130 years of experience in addressing global challenges, GE Vernova is uniquely positioned to lead the energy transition by continuing to electrify the world while working towards decarbonization. GE Vernova supports its customers in powering economies and delivering electricity vital for health, safety, security, and quality of life improvements. Headquartered in Cambridge, Massachusetts, U.S., GE Vernova employs approximately 75,000 people across more than 100 countries. Driven by its mission, “The Energy to Change the World,” GE Vernova’s technology aims to provide a more affordable, reliable, sustainable, and secure energy future. Learn more about GE Vernova on their website and LinkedIn.

GE Vernova’s Grid Solutions division powers the world with advanced grid technologies and systems, enabling efficient transmission and distribution of electricity from generation to consumption points, thus supporting a secure and decarbonized energy transition.

About Seatrium Limited

Seatrium Limited offers innovative engineering solutions to the global offshore, marine, and energy sectors. Headquartered in Singapore, Seatrium boasts over 60 years of experience in designing and constructing rigs, floaters, offshore platforms, and specialized vessels, alongside the repair, upgrading, and conversion of various ship types.

The Group’s core business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with an increasing emphasis on sustainable solutions to promote global energy transition and maritime decarbonization.

As a leading global provider of offshore renewables, new energy solutions, and cleaner offshore & marine options, Seatrium is committed to high standards of safety, quality, and performance. Their clients include major energy companies, vessel owners and operators, shipping companies, and cruise and ferry operators. Seatrium operates shipyards, engineering and technology centers, and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, the UAE, the UK, and the US.

Forward-Looking Statements

This announcement contains statements that may be considered forward-looking, relating to future events and outcomes that involve a degree of uncertainty. These statements include projections about the expected business and financial performance of GE Vernova and TenneT TSO B.V., as well as the anticipated performance and impact of their products and services.

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