Enersense International Plc
Investor news, 5 February 2024 at 11:00 a.m.

Enersense, a provider of zero-emission energy solutions, has won Fingrid's public bidding process to build three new 110 kV substations in the Harjavalta area. The substations will be built as gas insulated switchgear (GIS) using a gas insulation solution that does not contain any SF6 gas which is a significant greenhouse gas. The project will continue until the summer of 2027. The value of the contract is roughly EUR 20 million which will be recognised in the order books of the Power business area for the first quarter of 2024.

"We are happy to continue our successful cooperation with Enersense's skilled and enthusiastic personnel. The SF6-free projects completed last year in Luukkala and currently in progress in Framnäs following the same concept have proceeded very well, and it will be productive to replicate the lessons learned from them," says Daniel Kuosa, Head of Substation Projects at Fingrid.

The project is significant for Enersense. "Our order books will be strengthened far into the future, and we can also maintain our position as a provider of sustainable GIS substation solutions. What is more, this project is an excellent extension to our ongoing projects in which we are using the same technology," says Joni Parkkinen, Vice President of Transmission Networks at Enersense.

The contract agreement will be signed after the appeal period laid down in the Act on Public Procurement and Concession Contracts.

More information:

Joni Parkkinen, Vice President, Transmission Networks, Power
Tel.: +358 50 537 5837
Email: joni.parkkinen@enersense.com

Media contacts:
Tommi Manninen, SVP, Communications and Public Affairs
Tel.: +358 40 043 7515
Email: tommi.manninen@enersense.com

Enersense in brief: 
Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group's revenue in 2022 was EUR 282 million. The company has approximately 2,000 employees, with operations in Finland and internationally. Enersense's shares are listed on Nasdaq Helsinki (ESENSE). The company's investor pages can be found at www.enersense.com/investors. 

https://news.cision.com/enersense-international-oyj/r/enersense-selected-as-the-main-contractor-to-upgrade-fingrid-s-network-in-harjavalta,c3922405

https://mb.cision.com/Main/17026/3922405/2581960.pdf

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