├śrsted, Eversource U.S. Supply Chain Investment Enables Offshore Wind Cable Facility Expansion in South Carolina

Joint Venture partners join Nexans in Opening First U.S. Subsea Cable Factory, Helping to Create American Jobs.

November 9, 2021 – As part of their commitment to build the U.S. offshore wind energy supply chain, Ørsted and Eversource investments are enabling the expansion of a facility that will for the first time make subsea transmission cables in the U.S. Nexans, an advanced-cabling-solutions company, will build subsea cables in South Carolina for the companies’ projects in the Northeast and for the international offshore wind energy market.

In 2019, Ørsted and Eversource entered into a framework agreement with Nexans, committing to purchase subsea cables for their Northeast offshore wind farms. Nexans will manufacture approximately 620 miles of subsea cabling, with the first delivery of cables expected in 2022. The joint venture partners’ investment helped provide the demand necessary to support Nexans’ $220-million expansion of its facility, which will create more than 160 net new, local clean energy jobs.  

“We’re focused on building a domestic supply chain from the ground up, bringing jobs and investment to communities all across the country,” said David Hardy, CEO of Ørsted Offshore North America. “Our partnership with Nexans is just the latest example of our commitment to building a new U.S. manufacturing industry. We’re partnering with U.S. companies to build new capabilities and helping to attract international companies to the U.S. to help meet America’s clean energy goals.”

“A few years ago, we made a commitment to Nexans to utilize their cables for our offshore wind portfolio. Today, this investment is helping grow the domestic offshore wind supply chain, creating new clean energy jobs right here at home,” said Joe Nolan, President and Chief Executive Officer of Eversource Energy. “These American-made cables will benefit our projects by ensuring efficient energy transmission to the communities we’ll serve, as we deliver enough clean, renewable energy to power more than 1 million U.S. homes with plans to double that amount.”

Among the largest offshore wind partnerships in the United States, the Ørsted and Eversource joint venture is playing a unique role in the development of a domestic offshore wind supply chain. This year, the companies announced the commencement of the first American-built offshore wind substation, which will be deployed for the South Fork Wind project. The companies also recently announced plans to build advanced foundation components for their Sunrise Wind Project at the Port of Coeymans in New York creating more than 230 local jobs.

In December 2016, Ørsted and Eversource teamed up to launch a new clean energy industry in the Northeast. This partnership has now grown to include three offshore wind farms including the 704-megawatt Revolution Wind project serving Rhode Island and Connecticut; the 130-megawatt South Fork Wind serving Long Island, and the 924-megawatt Sunrise Wind project serving New York. All together, these projects will generate 1760 megawatts of clean, renewable energy - enough to power more than 1 million homes with the potential to more than double the existing portfolio within current joint lease areas.

 

About Ørsted Offshore North America

The Ørsted vision is a world that runs entirely on green energy. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights’ 2021 Global 100 index of the most sustainable corporations and is recognized on the CDP Climate Change A List as a global leader on climate action.
 
In the United States, Ørsted operates the Block Island Wind Farm, America’s first offshore wind farm, and constructed the two-turbine Coastal Virginia Offshore Wind pilot project – the first turbines to be installed in federal waters.  Ørsted has secured over 4,000 megawatts of additional capacity through six projects in the Northeast and Mid-Atlantic. Ørsted Offshore’s North American business is jointly headquartered in Boston, Massachusetts and Providence, Rhode Island and employs more than 150 people. To learn more visit us.orsted.com or follow us on Facebook, Instagram and Twitter (@OrstedUS).

 

About Eversource

Eversource (NYSE: ES) transmits and delivers electricity and natural gas and supplies water to approximately 4.3 million customers in Connecticut, Massachusetts and New Hampshire. Celebrated as a national leader for its corporate citizenship, Eversource is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2021 and recognized as one of America’s Most JUST Companies. The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,300 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on TwitterFacebookInstagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.

 

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