Welcome to our dedicated page for Nexans news (Ticker: NEXNY), a resource for investors and traders seeking the latest updates and insights on Nexans stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nexans's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nexans's position in the market.
Nexans has secured a contract for the PacWave South project, the first grid-connected wave energy test facility in the United States. Developed in partnership with the US Department of Energy, the State of Oregon, and Oregon State University, this project will utilize innovative renewable technologies. Nexans will provide 36kV submarine and terrestrial cables, totaling 80km, connecting four berths each capable of generating 5MW. The facility aims to enhance knowledge in renewable energy generation and is expected to be operational by 2024. This development aligns with Nexans' strategy to lead in sustainable electrification.
Nexans has secured a final order from the Equinor/bp joint venture for a turnkey contract to supply export cables for the Empire Wind 1 project, part of a larger offshore wind initiative off the coast of New York. The cables, manufactured in Charleston and Halden, will connect to South Brooklyn Marine Terminal, providing power to over 500,000 homes. This project aligns with New York's commitment to renewable energy and carbon reduction, enhancing Nexans' position in the U.S. renewable energy sector.
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