GE Vernova (NYSE: GEV) agreed to buy Berlin-based high-voltage grid component maker Trench Group from Triton Partners for $9.0 billion, vertically integrating a bushing, instrument transformer and coil supplier. Close is expected in late 2027.
Hellenic Cables Wins IPTO’s EUR 1.5bn Corinth-Kos HVDC Contract
Cenergy’s Hellenic Cables won a turnkey EPCI contract from IPTO for the 320 kV Corinth-Kos HVDC interconnection, worth about EUR 1.5 billion, a rare large HVDC award outside Prysmian, Nexans and NKT.
Prysmian Group Lays Deepest-Ever Submarine Cable in Boost to Italian Renewables
The cable will be used for the Tyrrhenian Link, a €3.7bn interconnection project key to the growth of Italian renewables and grid reliability. The link will connect Sicily and Sardinia with the Italian mainland.