KINECTRICS Signs Contract with HIGHVOLT to Significantly Expand its High Voltage Cable Testing Capacity
Rhea-AI Summary
Positive
- Strategic expansion positions KINECTRICS as the largest independent global provider of HV cable testing services
- Expected quadrupling of HV cables market due to renewable energy construction projects indicates strong growth potential
- Largest single order of mobile HV test equipment from HIGHVOLT demonstrates market leadership
- Multi-million dollar investment shows strong financial commitment to expanding testing capabilities
Negative
- None.
News Market Reaction
On the day this news was published, BWXT gained 0.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DRESDEN,
The expansion of renewable energy construction projects is expected to quadruple the HV cables market, resulting in an increased need for reliable commissioning services. After cable laying and installation is complete, a critical activity to support a smooth transition from OEM to developer/owner is HV AC cable commissioning testing. This includes performing withstand testing and monitor withstand testing, according to IEC 60840, IEC 62067 and IEC 63026, which reliably identifies life-limiting laying and installation related defects, helping clients avoid costly in-service failures.
"With an expanded fleet of RTS units, KINECTRICS can proactively scale its capabilities to meet the growing global demands for reliable energy transmission by offering independent turnkey commissioning testing services for large scale projects", said David Harris, President and CEO of KINECTRICS. "Securing HIGHVOLT as our trusted supplier of field proven mobile HV test equipment plays a key role in our commitment to our clients and the industry in general."
"Since 1998, HIGHVOLT has been supplying high-voltage testing systems for on-site cable testing and has delivered over 160 of these specialized systems worldwide. KINECTRICS is one of our most important customers and has now placed the largest single order for this testing technology. This is another step forward in the energy transition." said Dr. Mario Jochim, Regional Sales Manager of HIGHVOLT.
Having reliable HV test equipment is only one part of the equation. Equally important is the accumulation of operational experience in executing complex field commissioning tests in challenging environments and interpreting the results, which our experts have been doing decades. KINECTRICS continues to lead the industry technically through advancements in diagnostic technologies, transaction and journal paper publications and active contributions in international standard bodies (IEC, CIGRE, IEEE). Our commitment to quality is achieved not only by investment in equipment and facilities but also by investment in our staff.
About KINECTRICS:
KINECTRICS, a division of BWXT Inc. (NYSE: BWXT), is the global leader in lifecycle management services for the electricity industry. With over 1,300 experts and independent facilities, we collaborate closely with customers to ensure that utility assets perform safely, reliably and efficiently throughout their entire lifecycle.
About HIGHVOLT:
HIGHVOLT is a leading global supplier of high-voltage and high-current testing systems, measuring instruments and monitoring equipment with more than 120 years of experience. In Dresden/
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SOURCE Kinectrics
FAQ
What is the significance of BWXT's KINECTRICS contract with HIGHVOLT?
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