Naples, January 16, 2025 – Next Geosolutions, a leading international group 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 two major contracts value at approximately €41 million with Prysmian (the ‘Client’),world leader in the energy and telecom cable systems industry.

The contracts concern the execution of detailed survey services that will provide critical data for the design and engineering of the Eastern Green Links (EGL) 1 and 2 submarine power cable systems – key infrastructure projects that will enhance the energy connection between Scotland and England.

EGL1 is a 2 GW HVDC electrical superhighway to be developed by a partnership between SP Energy Networks and National Grid Electricity Transmission (NGET). EGL2, another 2 GW HVDC electrical superhighway, will be developed by SSEN Transmission and NGET. Both projects aim to strengthen the UK’s renewable energy network, connecting Scotland and England, and have Prysmian as their selected cable EPCI contractor, which selected NextGeo in turn as their survey contractor.

NextGeo will conduct a comprehensive land topographical survey and marine geophysical and geotechnical survey activities along nearshore and offshore sections of the cable route corridors. The contracts value, excluding options, is approximately €41 million. The activities for EGL1 will start in Q2 2025 and concluded by Q4 2025, as well as this, the survey activities related to the EGL2 project will take place between Q2 and Q4 2026.

For these projects NextGeo will deploy different offshore vessels, equipped with advanced survey tools and techniques, including MacArtney Focus ROTVs and Work-Class HD Schilling ROVs. These resources ensure the delivery of high-quality geophysical and geotechnical data, critical for successful project implementation.

These contracts strengthen NextGeo’s role in the European offshore energy market and support the Company’s growth strategy, while underscoring its ongoing dedication to delivering high-quality survey services that meet the industry’s most rigorous standards. Lastly, they further highlight NextGeo’s commitment to advancing the global energy transition and building sustainable renewable energy infrastructure.

Darren Robertson, Next Geosolutions UKCS Ltd General Manager, stated: “We are honoured to contribute to these pivotal projects, which will strengthen the UK’s energy infrastructure. Managed by Next Geosolutions UKCS Ltd, this work reflects both the continuity of our successful collaborations with industry leaders such as National Grid and SSENT, and our strong partnership with Prysmian Group, who has entrusted us with the execution of these critical survey services. Together, these achievements further reinforce our position as a trusted provider of high-quality services and innovative solutions for the energy transition.”