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The companies aim to decarbonise the power cable supply chain NKT and Hydro have partnered to further decarbonise the power cable supply chain by shifting to low-carbon aluminium. The two companies will collaborate on low-carbon aluminium solutions for the production of medium- and high-voltage power cables. Building on several successful pilot projects in 2023, NKT will integrate Hydros low carbon aluminium (REDUXA 41) into its medium-voltage power cable solutions in 2024, and later within some of its high-voltage power cable projects. The partners will also collaborate on minimising emissions associated with warehousing, logistics and transportation, as well as opportunities for efficient closed-loop supply chains. Towards 2030, Hydro and NKT will collaborate on R&D and product development to explore aluminium wire rod applications that allow for even lower carbon footprint. “We are proud to form this strategic partnership with our long-term partner, Hydro,” said Will Hendrikx, COO and Deputy CEO at NKT. “They have a proven track record of delivering low-carbon aluminium, and will help us satisfy the growing demand among Distribution System Operators and Transmission System Operators for solutions with a lower carbon footprint. “Despite working in an energy intensive sector, Hydro is leading its industry towards more sustainable solutions with strong emphasis on decarbonization, as well as biodiversity and social responsibility. We look forward to our continued collaboration with Hydro in the coming years.” Eivind Kallevik, Executive Vice-president for Hydro Aluminium Metal in Hydro, added: “Power cables play a vital role in transmitting and connecting renewable energy, and the power infrastructure segment has a significant potential for increased use of aluminium. “Our joint roadmap with NKT will pave the way for aluminium and thereby reduce the embedded carbon in Europe’s power grid. With this collaboration we continue our strategy of entering into long-term partnerships with sustainability leaders in industries that are crucial for the green transition. NKT and Hydro share a focus on reducing our impacts across the value chain from mine to finished power cable.” |
