02/26/2018

High Investments for High Security of Supply

TenneT is preparing the electricity system for the participation of millions of electricity consumers using new software in pilot projects testing blockchain technology.

Official Press Release TenneT:

TenneT focuses on increasing resilience of the electricity grid while maintaining high security of supply

TenneT invested EUR 1,770 million in 2017 in order to facilitate the energy transition while maintaining a high level of security of supply in the high-voltage grids (99.99% in 2017) / Underlying revenue totalled EUR 3,948 million in 2017, with EBIT amounting to EUR 742 million (excluding special items)

Dutch-German Transmission System Operator (TSO) TenneT is again presenting healthy financial results in the Integrated Annual Report 2017 and Financial Statements 2017 published today. The annual report further shows TenneT is working on an upgraded and robust electricity grid by combining new onshore and offshore infrastructure with the introduction of a more flexible electricity system and intelligent software based on blockchain technology. TenneT CEO Mel Kroon... ... More: Official Press Release TenneT