Sequel Wire and Cable reports that it has received an investment from Cuprum Holdings, LLC, and is launching a new company called Sequel Wire and Cable Holdings, LLC (SWCH).

A press release from Sequel Wire, based in Argos, Indiana, said that the transaction will provide enhanced access to financing, which will speed up planned expansions and create additional capacity to broaden the product offerings. Sequel’s current operating structure remains intact and is now renamed Sequel OEM Group, LLC, under SWCH. Rich Carr will serve as president and CEO of the Sequel OEM Group. Mike Frigo and Denise Feece will remain in their current roles.

Jim Coleman is the president and CEO of SWCH, and Gary Yetman is the executive chairman. Each man has more than 35 years of industry experience, including leadership positions at Coleman Cable, which acquired Copperfield, LLC, in 2007 from Carr, who was its president. The new entity, called Sequel Low Voltage Group, LLC, will also be under SWCH.

“For employees and the Argos area, this new partnership is great news,” the release said. It noted that more skilled employees will eventually be needed to meet the expanded manufacturing capacity as new product lines are introduced. The Argos area continues to be a great place for the expansion of facilities and will remain as the Sequel OEM Group headquarters.

NKT has been awarded two turnkey projects in Germany under the existing multi-year framework agreement with TenneT, a Dutch-German transmission system operator.

A press release said that the projects are part of TenneT’s 2GW Program, which is considered a very ambitious infrastructure initiative in the energy transition of Europe. It calls for NKT to provide TennetT with 525 kV XLPE high-voltage direct current (HVDC) on- and offshore power cable systems for the two projects: LanWin7 and a part of the NordOstLink.

The two projects, expected to be completed in 2026-27, have a total value topping €1 billion. That price includes engineering, procurement, construction, and installation (EPCI). A total of five projects have now been awarded to NKT under the framework agreement, which runs until 2028 with possible extension until 2031.

“We are thrilled to once again be selected as a key partner for TenneT’s ambitious 2GW Program,” said NKT CEO Claes Westerlind. “We look forward to applying our advanced power cable technology to these two additional projects in Germany, which will enable the energy transition in Europe by facilitating the efficient transport of wind power from the North Sea to the onshore grid.”

The LanWin7 route project, which includes an on- and offshore 525 kV XLPE HVDC power cable system, is 320 km. It is one of the offshore grid connection systems planned to connect to the multi-terminal hub in the area of Pöschendorf, Schleswig-Holstein. This so-called NordHub will integrate multiple direct current (DC) and AC connections, facilitating the efficient transport of wind power from the North Sea to the onshore grid.

The NordOstLink (partial) project involves laying additional cables to enhance the capacity and flexibility of the grid. The onshore 525 kV HVDC power cable system length is 65 km. The contract calls for work to be activated in 2026-27, with commissioning completed in 2033-34.

South Korea’s Taihan Cable & Solution Co. (Taihan Cable), has received a $68.6 million order for extra high-voltage cable for use in Britain.

Per a Yonhap News Agency report, Taihan Cable was awarded the deal from Balfour Beatty plc, a London-based infrastructure construction contractor, to supply 400 kV high-voltage cables and cable accessories for a cable replacement project in the eastern part of Britain. The amount of cable was not specified, but the report said that it will help the company win additional cable orders in Europe where countries are expected to increase their investments in the power grid infrastructure to achieve their carbon neutrality targets.

In November 2023, Taihan Cable signed a memorandum of understanding (MoU) with the British firm for partnership in the power transmission and distribution business. The deal is part of their initial agreement. Under the MoU, the two companies agreed to jointly participate in $270 million worth of cable installation and replacement projects scheduled through 2030 in Britain, the release said.

Since the MOU was entered, Taihan Cable has been chosen for other projects with Balfour Beatty. Those include a $75 million 420kV high-voltage power grid project in Sweden in December 2022 and an additional $27 million 400 kV high-voltage power grid project in the U.K.

Taihan, which was established as the first electric wire company in South Korea, is a member of the Hoban Group

The previously reported sale by Nokia of Alcatel Submarine Networks (ASN) was finalized on Dec. 31, 2024, with the business now officially owned by the French state.

Per multiple reports, the Nokia sale was to the French State, represented by the Agence des participations de l’État. Nokia has a 20% shareholding and board representation during the transition, with plans for the French State to acquire the remaining interest.

A subsidiary of Alcatel and later Alcatel/Lucent before its 2016 acquisition by Nokia in 2015, ASN notes at its website that the business has supplied 750,000 km of optical submarine systems globally

Nexans reported two separate contracts, one from TenneT worth up to as much as €1 billion, and a second from Sweden to connect an island to the mainland.

A press release said that one contract is for a new project from Germany’s TenneT, a Dutch-German transmission system operator, that was secured under a 2023 framework agreement. The contract calls for Nexans to handle the engineering, procurement, construction and installation (EPCI) of 250 km of HVDC XLPE cables for the LanWin 2 offshore grid connection system.

The system is being designed to transmit 2 GW of offshore wind energy from the German North Sea to the mainland. Commissioning of the project is expected in 2030. This project highlights Nexans’s ongoing partnership with TenneT, following the BalWin3 and LanWin4 projects in March 2024, to develop the infrastructure essential to support Germany and Europe’s renewable energy future.

Nexans also announced that it has secured a big order from Swedish transmission system operator Svenska kraftnät to deliver 320 km of high-voltage subsea and onshore cables for the Gotland Connection project in Sweden. The project calls for the 220 kV HVAC subsea and onshore cables to strengthen the electricity supply between Gotland—the largest island of Sweden— and mainland Sweden.

The transition to a carbon-neutral industry on Gotland is expected to drive a sharp increase in electricity demand by the early 2030s.Under this contract, Nexans will supply and install the cable systems, which will be manufactured at several of the company’s plants. The project is scheduled for completion by mid-2030 and reinforces Nexans’ position as a trusted leader in energy infrastructure solutions.