- Tenne T announces its interest in boosting its grid to EUR 6Billion.
- TSO reports an underlying revenue of EUR 6.4 billion, compared to EUR 4.45 billion.
Tenne T Holding, a transmission system operator (TSO), has announced that it wants to boost its yearly investment in its grids to at least EUR 6 billion (USD 6.6 billion) by 2025.
In a statement, the company, which has operations in the Netherlands and Germany, said it invested a record EUR 4 billion in European energy transition and system resilience in 2021 and will continue to do so in the years ahead, citing the steep rise in renewable electricity production and society’s overall electrification.
In the future years, the focus will remain on expediting the implementation of the project portfolio and developing smart solutions to traffic congestion. Tenne T stated that demand-side response, hydrogen conversion for storage, and decentralized flexibility afforded by household appliances and electric vehicles are all areas where it is paying attention (EVs).
“Even as we work quickly to create and maintain our grid for a fossil-free future, demand for grid capacity in the present is increasing rapidly.” We’re looking at a variety of approaches to make better use of our existing grid, as well as devoting a significant amount of time and effort to so-called system thinking. The latter entails systematic planning and holistic solutions for the entire organization. The latter involves holistic solutions and systemic planning for the entire energy system and is a real leap forward for the energy transition,” CEO Manon van Beek stated.