Enersense International Plc announced that it has won a contract worth approximately EUR 26.5 million for constructing a 400 kV electricity transmission connection in Northern Ostrobothnia, Finland. The project, awarded through Fingrid's public procurement tender, will span about 117 kilometers from the Herva substation in Ii to Nuojuankangas in Vaala. Construction is set to begin in the winter of 2024 and is expected to be completed by the summer of 2027. This contract will be added to Enersense's Power business area order backlog for Q2 2024. The decision will be finalized after the appeal period under the Act on Public Procurement and Concession Contracts. Enersense, which focuses on zero-emission energy solutions, reported a revenue of EUR 363 million in 2023 and employs around 2,000 people. Its shares are listed on Nasdaq Helsinki.

Enersense International Plc issued a correction to its previously published insider information. The initial release, published at 2:25 p.m. on 19 June 2024, omitted the total amount of EUR 10 million for the RCF and contained an incorrect expiration date. The correct expiration date is 31 March 2025, not 31 May 2025. The corrected release is attached. Enersense International Plc is involved in creating zero-emission energy solutions and supports the energy transition. In 2023, the company had a revenue of EUR 363 million and employs approximately 2,000 people. Its shares are listed on Nasdaq Helsinki. More information can be found on their investor pages.

Enersense International Plc announced on 19 June 2024 that it will focus on strengthening its market position in Finland and the Baltics in the Power, Industry, and Connectivity sectors, which provide services to energy, telecommunications, and industrial companies involved in the green energy transition. In 2023, these operations generated over EUR 300 million in revenue and approximately EUR 20 million in EBITDA. The company is abandoning its previous goal of becoming a zero-emission energy producer and is assessing the potential sale of its onshore wind and solar power projects, which total around 5 gigawatts, with an additional 7 gigawatts in feasibility studies. Offshore wind power and zero-emission transport solutions are also under strategic review due to their need for significant growth capital. Enersense has launched an efficiency program to support profitability and is searching for a new CEO to implement its revised strategy. The Strategy Committee, established after the Annual General Meeting on 4 April 2024, has completed its task and will be discontinued. Enersense has secured a new senior unsecured revolving credit facility (RCF) to support its strategy, with the financing tied to Euribor plus a 3.5% margin, expiring on 31 May 2025. The Board of Directors will not exercise the right to distribute funds as a return of capital, as previously authorized at the AGM. Enersense International Plc is involved in zero-emission energy solutions and supports the energy transition. In 2023, the company had a revenue of EUR 363 million and approximately 2,000 employees, with operations in Finland and internationally. Its shares are listed on Nasdaq Helsinki.

Enersense International and Valoo Oy have signed a two-year agreement for the maintenance and further construction of Valoo's fibre-optic network in Southern Finland. The deal, which includes an option for a two-year extension, will be recorded in Enersense Connectivity's order books for Q2 2024. Over the past year, Valoo's network has expanded to over 30 towns. The partnership with Enersense will help Valoo maintain its network and build more fibre-optic connections. Enersense, a zero-emission energy solutions provider, reported a revenue of EUR 363 million in 2023 and has around 2,000 employees.

Enersense International Plc has been ordered by an arbitration tribunal in Lithuania to receive EUR 1 million from Litgrid, the Lithuanian electricity transmission system operator, over a dispute regarding two projects executed in Lithuania from 2021-2023. This decision has led Enersense to write down EUR 6 million from a EUR 7 million receivable recorded in its 2022 financial statements, which will negatively impact its EBITDA in Q2 2024. The company has withdrawn its EBITDA guidance for 2024 but maintains its revenue forecast for the year. Enersense plans to further investigate the tribunal's decision and assess additional legal measures.

Finnish company Enersense International Plc has announced that Swiss energy services provider Alpiq will invest €47m in P2X Solutions, a green hydrogen firm associated with Enersense. The investment will make Alpiq the majority owner of P2X, reducing Enersense's shareholding to about 9%. Despite this, Enersense will remain on the board of P2X. The arrangement will not impact Enersense's cash flow or the balance sheet value of the investment. P2X is currently building Finland's first industrial-scale green hydrogen production plant and has plans for further facilities in Joensuu and Oulu.

Enersense International Plc, a provider of zero-emission energy solutions, has published its 2023 comparison figures for all business areas following an organisational restructuring at the beginning of 2024. The restructuring combined the Power and International Operations business areas into one Power business area. The comparison figures for the Industry and Connectivity business areas, and the group functions, remain unchanged. The company's total revenue in 2023 was EUR 363 million.

Enersense International Plc announced that CFO Mikko Jaskari will step down from his position to pursue new opportunities. Jyrki Paappa, former CFO of HKScan Corporation, Raisio plc and Maintpartner Group, will replace Jaskari from 22 July 2024. Paappa expressed excitement about joining Enersense, citing the company's role in promoting green transition as a key attraction. CEO Jussi Holopainen praised Jaskari's contributions and welcomed Paappa to the team, highlighting his extensive professional experience. Risto Takkala will serve as acting CFO until Paappa assumes the role.