Naples, December 16, 2024 – Next Geosolutions Europe S.p.A., a leading international company in the field of marine geosciences and offshore construction support services, mainly in the energy sector, with a focus on renewable energies (‘NextGeo’ or the ‘Company’), listed on the Euronext Growth Milan market announces the award of a significant contract value at approximately €43 million with TenneT TSO B.V. (“TenneT”).

The contract involves extensive geophysical and geotechnical survey activities, both offshore and nearshore, in the Dutch Exclusive Economic Zone. The project is part of TenneT’s ambitious “2GW Program”, a major initiative aimed at developing a new generation of HVDC grid connections to integrate 2 GW of offshore wind energy into the European electrical grid by 2031, significantly contributing to the EU’s climate goals.

Operational activities, scheduled to take place between the end of Q1 and Q4 2025, will include the execution of a “Marine Route Survey”, a critical investigation required for the proper design of the cable connections that will enable the Doordewind wind area to deliver renewable energy generated at sea to the onshore grid.

Specifically, NextGeo will perform geophysical investigations and geotechnical sampling using advanced technical solutions, covering an area exceeding 21,000 hectares.

Valentina De Rienzo, Sales & Commercial Manager at NextGeo, stated: “We are proud to further strengthen and consolidate our commercial relationship with TenneT, a leading player in Europe’s energy transition, and to achieve new milestones and successes together. Securing projects of this scale highlights the effectiveness of NextGeo’s commercial strategy, which enables us to offer solutions tailored to highly challenging projects during the bidding phase. Moreover, this contract contributes to the consistent growth of our backlog, confirming the validity of NextGeo’s business model and our development goals.”

Gianluca Iacomino, Project Director at NextGeo, added: “With this project, we continue to maintain our collaboration with TenneT, which has remained uninterrupted since 2020. Our ability to propose innovative and tailor-made solutions, always managed with efficiency and flexibility, while ensuring maximum compliance with safety standards and rapid execution, has allowed us to be recognized as a reliable partner at the European level. This highly demanding project will require the deployment of multiple assets and diverse data acquisition methodologies, ensuring high standards while minimizing CO2 emissions.”