Prysmian – Prysmian to further expand its cable-laying vessel fleet to support global power grid upgrade for the energy transition

More information on Prysmian: See the full profile on EMR Executive Services

More information on Valerio Battista (CEO, Prysmian Group): See the full profile on EMR Executive Services

More information on Hakan Ozmen (EVP Project Business, Prysmian Group): See the full profile on EMR Executive Services

More information on the VARD Group:  https://www.vard.com + In a nutshell, VARD is a preeminent designer and shipbuilder of high-quality specialized vessels for the global market. We boast more than 8,000 employees worldwide, and operate shipbuilding facilities at home in Norway, as well as in Romania, Brazil, and Vietnam. Our headquarters are located in Ålesund on Norway’s stunning west coast, a city famous for its Art Nouveau architecture.

As well as providing high-end design and engineering services to the global maritime industry, through our specialized VARD subsidiaries we create and develop an outstanding range of advanced power and automation systems, deck handling equipment, and vessel accommodation solutions.

VARD is majority owned by Fincantieri Oil & Gas S.p.A., a wholly owned subsidiary of FINCANTIERI S.p.A.

Headquartered in northern Italian city of Trieste, FINCANTIERI is one of the world’s largest shipbuilding groups that over its 200 years history has delivered more than 7,000 vessels.

More information on Pierroberto Folgiero (CEO, Fincantieri): https://www.fincantieri.com/it/governance/management/pierroberto-folgiero/ + https://www.linkedin.com/in/pierroberto-folgiero/

EMR Additional Notes: 

• EPC (Engineering, Procurement and Construction): 
  • An Engineering, Procurement and Construction Contract (“EPC Contract”), occasionally known as a “Turnkey Contract”, is a construction contract where the contractor (“EPC Contractor”) holds the responsibility towards the design, procurement, construction, commissioning and handover of a project (“Project”).
  • An EPC contractor performs the engineering, procurement and construction scope(s) for a project, i.e. the EPC executes the actual work.

• Nitrogen Oxides (NOx):
  • Chemical compound of oxygen and nitrogen which is formed by these reacting with each other during combustion at high temperatures, mainly the combustion of fuels such as oil, diesel, gas and organic material. NOx is a common name for the nitrogen oxides NO and NO2.
  • Nitrogen oxides (NOx) act as indirect greenhouse gases by producing the tropospheric greenhouse gas ‘ozone’ via photochemical reactions in the atmosphere.

• Global Warming: Global warming is the long-term heating of Earth’s climate system observed since the pre-industrial period (between 1850 and 1900) due to human activities, primarily fossil fuel burning, which increases heat-trapping greenhouse gas levels in Earth’s atmosphere.
• Global Warming potential (GWP): 
  • The heat absorbed by any greenhouse gas in the atmosphere, as a multiple of the heat that would be absorbed by the same mass of carbon dioxide(CO2). GWP is 1 for CO2. For other gases it depends on the gas and the time frame.
  • Carbon dioxide equivalent (CO2e or CO2eq or CO2-e) is calculated from GWP. For any gas, it is the mass of CO2 which would warm the earth as much as the mass of that gas. Thus it provides a common scale for measuring the climate effects of different gases. It is calculated as GWP times mass of the other gas. For example, if a gas has GWP of 100, two tonnes of the gas have CO2e of 200 tonnes.
  • GWP was developed to allow comparisons of the global warming impacts of different gases.
• Greenhouse Gas (GHG):
  • A greenhouse gas is any gaseous compound in the atmosphere that is capable of absorbing infrared radiation, thereby trapping and holding heat in the atmosphere. By increasing the heat in the atmosphere, greenhouse gases are responsible for the greenhouse effect, which ultimately leads to global warming.
  • The main gases responsible for the greenhouse effect include carbon dioxide, methane, nitrous oxide, and water vapor (which all occur naturally), and fluorinated gases (which are synthetic).

• HVDC Light:
  • HVDC Light is the successful and environmentally-friendly way to design a power transmission system for a submarine cable, an underground cable, using over head lines or as a back-to-back transmission. HVDC Light is HVDC technology based on voltage source converters (VSCs).
  • HVDC Light is designed to transmit power underground and underwater, also over long distances. It offers numerous environmental benefits, including “invisible” power lines, neutral electromagnetic fields, oil-free cables and compact converter stations.
  • As its name implies, HVDC Light is a dc transmission technology. However, it is different from the classic HVDC technology used in a large number of transmission schemes. Classic HVDC technology is mostly used for large point-to-point transmissions, often over vast distances across land or under water. It requires fast communications channels between the two stations, and there must be large rotating units – generators or synchronous condensers – present in the AC networks at both ends of the transmission. HVDC Light consists of only two elements: a converter station and a pair of ground cables. The converters are voltage source converters, VSC’s. The output from the VSC’s is determined by the control system, which does not require any communications links between the different converter stations. Also, they don’t need to rely on the AC network’s ability to keep the voltage and frequency stable. These feature make it possible to connect the converters to the points bests suited for the AC system as a whole.
• HVDC (High-Voltage Direct Current):
  • Key enabler for a carbon-neutral energy system. It is highly efficient for transmitting large amounts of electricity over long distances, integration of renewables and interconnecting grids, opening up for new sustainable transmission solutions.
• HVDC Links:
  • The first successful HVDC experimental long distance line (37 miles) was made at Munich, Germany in 1882 by Oskar Von Miller and fellow engineers.
  • HVDC allows power transmission between AC transmission systems that are not synchronized. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power.
  • An HVDC line has considerably lower losses compared to HVAC over longer distances.

• Neu Connect (the first power interconnection between Great Britain and Germany): https://neuconnect-interconnector.com +
  • The NeuConnect Interconnector will create the first direct power link between Germany and Great Britain, connecting two of Europe’s largest energy markets for the first time. Around 720km of land and subsea cables will form an ‘invisible highway’ allowing up to 1.4GW of electricity to move in either direction, enough to power up to 1.5 million homes over the life of the project.

• The Tyrrhenian Link: https://www.terna.it/en/projects/public-engagement/Tyrrhenian-link +
  • Connecting Sicily with Sardinia and the Italian peninsula via a double underwater cable: a new electricity corridor at the centre of the Mediterranean; the Tyrrhenian Link. At 950 kilometres long and with a capacity of 1000 MW, this is an infrastructure initiative of international significance, another step towards a more sustainable energy future. The link will improve electricity exchange capacity, facilitate the development of renewable energy sources, and the reliability of the grid.
  • The overall project involves two sections: EAST from Sicily to Campania and WEST from Sicily to Sardinia.
  • The East section is 480 kilometres long and connects the Fiumetorto landing point, in the municipality of Termini Imerese in Sicily, with the landing point in Torre Tuscia Magazzeno, near Battipaglia in Campania.
  • The WEST section is approximately 470 kilometres long and connects the Fiumetorto landing point to the one in Terra Mala, in Sardinia.

• The Viking Link:  https://viking-link.com +
  • World’s longest power interconnection. the Viking Link is a 1400 MW high voltage direct current (DC) electricity link between the British and Danish transmission systems connecting at Bicker Fen substation in Lincolnshire and Revising substation in southern Jutland, Denmark.

• The North Sea Link: https://northsealink.com/ + North Sea Link is a 720 kilometre subsea interconnector linking the electricity systems of the UK and Norway. The 1400 megawatt interconnector stretches from Blyth in the UK, across the North Sea, to Kvilldal in Norway.

• The Hertel–New York interconnection line: https://www.hydroquebec.com/projects/hertel-new-york-interconnection/ + The Hertel–New York interconnection line project aims to supply clean, renewable energy to New York City. In Québec, the project involves the construction of a line that will span 57.7 km (56.1 km underground and 1.6 km underwater). This 400-kV direct current line will connect Hertel substation in La Prairie to an interconnection point in the Rivière Richelieu at the Canada–United States border.

• Carbon Dioxide (CO2):
  • Primary greenhouse gas emitted through human activities. Carbon dioxide enters the atmosphere through burning fossil fuels (coal, natural gas, and oil), solid waste, trees and other biological materials, and also as a result of certain chemical reactions (e.g., manufacture of cement). Carbon dioxide is removed from the atmosphere (or “sequestered”) when it is absorbed by plants as part of the biological carbon cycle.
• Decarbonization: 
  • Reduction of carbon dioxide emissions through the use of low carbon power sources, achieving a lower output of greenhouse gasses into the atmosphere.