Cenergy Holdings’ Post

CORINTH PIPEWORKS has been awarded a contract by Woodside Energy, to manufacture and supply approximately 118 km of High Frequency Welded (HFW) steel pipes, for the Trion Offshore Project in the Gulf of Mexico. The Trion offshore project represents a pioneering greenfield development, as it is poised to be the first production site from Mexico’s deepwater, with the potential for future discoveries to be tied back to its facilities. The pipes will be manufactured in Corinth Pipeworks' facilities in Greece, where external coating and concrete weight coating (CWC), will also be applied. Ilias Bekiros, General Manager at Corinth Pipeworks, stated, “We are delighted to be selected by Woodside Energy for the Trion offshore project. This award underscores our commitment to delivering high-quality solutions that meet the stringent demands of deepwater energy developments. We look forward to contributing to this groundbreaking project.” For more information read here: https://bit.ly/3XX0OKH #CorinthPipeworks #CenergyHoldings #WoodsideEnergy #OffshoreProject #pipes #innovation #steelpipes #welded

Cenergy Holdings, alongside ElvalHalcor and SIDENOR steel industry, supported the initiative “Career prospects of Vocational High School graduates in the industrial sector” in collaboration with The Tipping Point in Education. Throughout the past school year, students from various Vocational High Schools located in Corinth and Viotia, specialising in Mechanical and Electrical Engineering, Electronics, and Automation, were given the opportunity to gain insight into potential career paths in our industry. This was made possible through their interaction with mentors from both Cenergy Holdings companies, Hellenic Cables and CORINTH PIPEWORKS, who provided valuable information and helped them prepare for the job market.   Costas Vavaroutas I FCMI, Human Resources Senior Director, Cenergy Holdings, stated, “This initiative has been a remarkable journey for our people, as we focused on preparing these young minds for employment in the industrial sector. Witnessing the curiosity and enthusiasm of these students has been truly rewarding. Our commitment to supporting the next generation of professionals remains unwavering. Together, we shape the future!” #CenergyHoldings #HellenicCables #CorinthPipeworks #TippingPoint #mentors #careerpath

Exciting News from the "Cyclades Regatta 2024"!   We are delighted to share a different kind of sponsorship by Hellenic Cables, the cable segment of Cenergy Holdings, in the context of “Cyclades Regatta 2024”, an International Sailing Race in Greece which took place from June 22 to June 29, 2024.    The sailing boat under the name “Hara Ton Angelon IV—Hellenic Cables,” achieved an outstanding performance, securing 2nd place in both the Sport and Sport 1 categories!  The race which set sail on Saturday, June 22, from Vouliagmeni, covered a route through Cyclades islands, including Milos and Serifos, where Hellenic Cables has undertaken the project of the electrical interconnection of those two islands contributing to the islands’ economy, energy security, and the reduction of the country’s carbon dioxide emissions.   Congratulations to the entire crew for their outstanding performance and excellent teamwork.   #CycladesRegatta2024 #HellenicCables #CenergyHoldings #Sailing #Teamwork

Cenergy Holdings announced that its Board of Directors reached a final investment decision to build a cable manufacturing facility in Baltimore, Maryland, USA. Further to the previous press release dated April 22, 2024, the first step towards its implementation has been completed; the Company’s US subsidiary, Hellenic Cables Americas, acquired the 153,800 sq.m. (38-acre) waterfront property at Wagners Point, Baltimore after successful completion of an extensive due diligence process and all customary approvals. The first phase includes the construction of a land cables plant to address USA’s growing need for Transmission & Distribution grid upgrades of cost ca. USD 200 million, including the property acquisition. Design is complete, permitting is on track and construction works are expected to commence by the end of the year. The second phase shall include furtherexpansion to manufacturing submarine cables subject to firm developers’ offtake agreements and related final development decisions. In addition to the above, further to the press release of December 20, 2021, the Company announced that, following Ørsted’s decision to reposition its US Mid-Atlantic project (Skipjack Wind farm), discussions related to potential collaboration between the Company and Ørsted have paused and will be revisited as this repositioning effort evolves. Cenergy Holdings will keep the investment community informed of any significant developments. #CenergyHoldings #Manufacturing #Baltimore #USA #Expansion

We are excited to share that Cenergy Holdings’ Running Team participated for another year at B2Run Athens, the largest corporate running event in Greece. The 4th B2run Greece took place on Tuesday, June 18th at OAKA Athens. It was a wonderful opportunity for our team, both from Hellenic Cables and CORINTH PIPEWORKS, to strengthen team bonding and enjoy such an experience all together. Congratulations to all participants! #CenergyHoldings #HellenicCables #CorinthPipeworks #B2Run2024 #TeamBuilding #CorporateRunningEvent

It was a great pleasure and honor for us to welcome EU Commissioner for the Internal Market Thierry Breton, Deputy Minister of Development, Mrs. Anna Mani-Papadimitriou, and Secretary General for the Industry Themis Eftychidou in Hellenic Cables’ submarine cables plant in Corinth, Greece yesterday. We had the opportunity to engage in a meaningful and comprehensive discussion on the pressing challenges confronting both Greek and European industries. We look forward to ongoing and enhanced cooperation to produce tangible results and promote growth and industrial competitiveness in Greece and Europe.    #CenergyHoldings #HellenicCables #IndustryGrowth #EUCollaboration

We are delighted to announce that Hellenic Cables, the cables segment of Cenergy Holdings, was awarded a contract by Elia Group, as a goint venture with DEME Group, for the engineering, procurement, construction, and installation (EPCI) of high voltage submarine power cables. This major project is part of the ambitious Princess Elisabeth Island initiative to strengthen Belgium's renewable energy infrastructure. For both Hellenic Cables and Deme, this project is very important as it follows the successful execution of MOG I for Elia, where the two companies have collaborated again in the past.   Under the terms of the contract Hellenic Cables will be responsible for providing three offshore 220 kV export cable systems with a total length of 165 km, that will connect the transition jointing pit on the beach with the transition connection area on the artificial energy island in the area of the Princess Elisabeth wind farm.   For more information read here: https://bit.ly/45GYzNy   #CenergyHoldings #HellenicCables #EliaGroup #DEMEgroup #offshorewind #energytransition

The latest Global Offshore Wind Report 2024 has just been released from Global Wind Energy Council (GWEC) Learn more on the latest trends and market outlook in this promising energy sector…   During 2023, 11 GW of offshore wind were connected to the grid, a 24% increase vs 2022 - the second-best year ever despite headwinds in key markets. Governments, institutions, the industry and society share a common understanding that the offshore wind industry can provide largescale, reliable and clean power and are driving the momentum forward, as a clean energy solution. The key to unlocking the full capacity of the supply chain is manufacturing process innovation and advanced automation technology, which can lead to affordable energy prices and profitable project execution. It is noticeable that annual offshore wind installations are expected to triple in 2028 from 2023. Offshore wind is projected to be able to deliver one-third of the energy sector emissions reductions for a net zero world by 2050. Demand for cables, is expected to grow by an average of 18% year-on-year from 2023 to 2030 with a clear shift to larger and more valuable cable types.   Read more:https://lnkd.in/dvrfhBnJ #CenergyHoldings #HellenicCables #CorinthPipeworks #energy #GWEC #windenergy #offshore #sustainability #energytransition

Hellenic Cables, the cable segment of Cenergy Holdings, is delighted to announce that it has been honored with the Aeolus Award from Hellenic Wind Energy Association for its contribution to renewable energy. This prestigious award underscores our dedication to innovation and sustainable practices. Kostas Savvakis, General Manager of Hellenic Cables, received the award on behalf of the company and emphasized the crucial role our team played in achieving this recognition. He highlighted, ”We deliver high-quality solutions in over 50 countries, supporting global efforts for clean energy and environmental responsibility. This award recognizes our employees' expertise and dedication, which drive our continuous investment in innovation, research, and expansion.” We sincerely appreciate this recognition and remain committed to creating a greener future. #Eletaen #award #renewableenergy

During Posidonia 2024 event, George Georgallis, R&D - Engineering Director of Hellenic Cables, delivered an insightful speech regarding MUSICA Program. An innovative initiative which aims to provide a comprehensive decarbonisingsolution for small islands, seamlessly integrating their marine initiatives (Blue Growth) and ecosystems. The MUSICA Program, which is of particular significance to Greece, will be implemented on the island of Oinousses, highlighting its relevance and potential impact on local communities. George Georgallis highlighted significant contributions of the company to the offshore renewable energy sector. Central to this is its involvement in three cutting-edge projects funded by Horizon 2020 and Horizon Europe, which focus on floating offshore wind technology, where Hellenic Cables has taken the lead in designing, manufacturing, and testing dynamic submarine cables.  Additionally, he shared insights into an EUDP-funded project in Denmark, which exemplifies Hellenic Cables' innovative approach. This project involves designing, manufacturing, and testing a prototype submarine cable capable of transmitting both offshore-generated electric power and hydrogen gas, paving the way for more versatile and efficient energy transmission systems. George Georgallis stated: “Through these pioneering projects, Hellenic Cables contributes to the advancement of offshore renewable energy and plays a pivotal role in the MUSICA program’s vision. By developing and deploying these advanced technologies, Hellenic Cables enables sustainable, resilient energy solutions for small islands, fostering both environmental and economic growth”.   #MusicaProgram #Oinousses #HellenicCables #Growth #CenergyHoldings