In response to the rapidly increasing need for high-voltage subsea cables, NKT, a global leader in power cable production, has announced a groundbreaking investment of around EUR 1.3 billion. This ambitious project includes the creation of the world’s largest offshore high-voltage cable factory in Karlskrona, Sweden, and the construction of a state-of-the-art cable-laying vessel named NKT Eleonora. These advancements aim to expand production and installation capabilities while supporting the transition to renewable energy.
Key Milestones in the Development Process
As 2023 concludes, NKT reflects on significant progress at its Karlskrona high-voltage factory. A major highlight includes the completion of the facility’s third extrusion tower, standing at an impressive height of 200 meters – the second tallest of its kind in the Nordics. Additionally, the construction of NKT Eleonora marks a pivotal step in advancing NKT’s ability to install high-voltage cables efficiently. Through these milestones, NKT is strengthening its ability to meet growing market demand and offer innovative energy solutions.
Importance of Power Cables in the Transition to Renewable Energy
Power cables play a crucial role as the backbone of global energy infrastructure. NKT’s cable systems are essential in connecting regions and ensuring that renewable electricity reaches those who need it most. By enabling the transmission of clean energy, these cables significantly contribute to creating the infrastructure required for a sustainable, low-carbon future.
Driving Local Job Creation in Karlskrona
The establishment of this state-of-the-art facility is not just a global venture; it also creates significant benefits for the local community in Karlskrona. NKT anticipates that the project will generate around 500 new jobs, cementing its role as one of the region’s largest employers. This local growth reinforces NKT’s commitment to supporting communities and fostering economic development alongside global efforts to combat climate change.
A Commitment to Sustainability and Innovation
NKT is dedicated to leading the way in sustainable energy solutions. By combining cutting-edge technology with a focus on renewable energy, the company’s ongoing projects reflect its mission to connect a greener world. As one of Sweden’s largest construction projects, NKT’s Karlskrona facility demonstrates the strength of collaboration between skilled employees, suppliers, and consultants.
“At NKT, our investment strengthens our position as a leader in renewable energy transition. It is an immense privilege to contribute to such a vital project and deliver meaningful progress toward a cleaner future,” said a company representative.
About NKT: Connecting a Greener World Since 1891
Founded during the Second Industrial Revolution, NKT has been at the forefront of cable production for over 130 years. Today, the company is a pioneer in sustainable energy transmission, delivering high-quality low, medium, and high-voltage power cable solutions. With offices and production sites in more than 16 countries and a workforce of over 5,000 employees, NKT prioritizes innovation and sustainability.
All NKT production facilities are powered by 100% renewable electricity, and the company boasts an AA MSCI ESG Rating along with a Platinum 2023 Ecovadis Sustainability Rating. NKT is listed on Nasdaq Copenhagen and continues to take bold steps toward building a greener world.
With its investment in Karlskrona, Sweden, NKT underscores its commitment to long-term growth, sustainability, and global leadership in energy infrastructure. As the company looks ahead to 2025, its projects set the stage for a more connected and climate-friendly future.
