T

TenneT

Operates cross-border high-voltage electricity grid

Overview

TenneT is a state-owned transmission system operator that runs and maintains the high-voltage electricity grid in the Netherlands and large parts of Germany, ensuring secure delivery of power and balancing supply and demand for over 43 million people. It works by connecting power plants and offshore wind farms to the grid, including cross-border HVDC links such as NorNed and BritNed, and planning long-term grid expansion and offshore connections to carry more renewable energy. It stands out from competitors by being government-owned and tightly regulated in two countries, emphasizing cross-border cooperation and European market integration, with a plan to split Dutch and German operations into stand-alone entities and to pursue major interconnector projects. Its goal is to enable the energy transition by delivering large amounts of renewable energy through a reliable, interconnected grid while investing heavily in new infrastructure.

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About TenneT

Simplify's Rating
Why TenneT is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Industrial & ManufacturingGovernment & Public SectorEnergy

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$25B

Headquarters

Arnhem, Netherlands

Founded

1998

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What believers are saying

  • November 9, 2026 Orbital Eye deal improves oversight on the Rilland-Tilburg electricity highway.
  • October 28, 2026 Salzgitter line commissioning unlocked industrial electrification capacity for Salzgitter AG.
  • September 2026 green bonds and July 2026 equity transactions expanded TenneT's funding runway.

What critics are saying

  • October 2025 Petrofac collapse pushed 2026 offshore capex into 2027 and delayed NOR-9-2.
  • Goodman appealed the Haarlemmermeer data-center case after TenneT refused scarce capacity in 2026.
  • Permitting and space shortages still threaten timelines; 2031 offshore completion becomes the credibility test.

What makes TenneT unique

  • TenneT controls Dutch and German high-voltage backbones and 2GW offshore connections.
  • June-July 2026 financing split with APG, GIC, NBIM, and KfW de-risks Germany.
  • Its regulated, state-backed model funds massive grid builds with guaranteed tariff revenue.

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Funding

Total Funding

$25B

Above

Industry Average

Funded Over

10 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Growth & Insights and Company News

6 month growth

0%

1 year growth

1%

2 year growth

0%
POWER Magazine
Nov 9th, 2026
TenneT selects Orbital Eye to monitor construction of major Dutch electricity highway from space.

TenneT selects Orbital Eye to monitor construction of major Dutch electricity highway from space. Monday, November 9, 2026 Satellite-based monitoring provides greater visibility of construction activities along the Rilland-Tilburg high-voltage connection, supporting efficient project supervision and targeted field inspections. As the Netherlands accelerates the expansion of its electricity grid to address growing demand and network congestion, transmission system operator TenneT is developing a major new high-voltage connection between Rilland and Tilburg. To help oversee construction activities along this extensive infrastructure corridor, TenneT has selected Dutch satellite monitoring specialist Orbital Eye. Its COSMIC-EYE platform provides weekly insights into construction progress and contractor activities, enabling TenneT's project teams to monitor developments remotely and deploy field resources more effectively. A major infrastructure project with complex construction challenges. The Rilland-Tilburg connection is one of TenneT's major grid expansion projects in the Netherlands. The new high-voltage connection, involving 263 electricity pylons, will strengthen the electricity infrastructure in the south of the country and help accommodate increasing electricity demand and the transition towards a more sustainable energy system. Delivering an infrastructure project of this scale presents considerable operational challenges. Construction takes place across an extensive geographical area, involving multiple contractors, landowners, and construction sites. Maintaining a reliable overview of activities, verifying progress and ensuring that contractors carry out work according to agreed plans requires substantial coordination and inspection capacity. With electricity networks expanding rapidly across Europe, these challenges are becoming increasingly significant. Grid operators must manage growing construction programs while making efficient use of limited technical and operational resources. Monitoring construction activities from space. To support the management of this complex project, TenneT is using Orbital Eye's COSMIC-EYE satellite monitoring platform. The technology provides a regular, independent overview of construction activities along the corridor, without requiring personnel to visit every location. By combining satellite imagery with advanced data analysis, COSMIC-EYE detects and maps relevant changes and activities along the route. These include the movement and presence of construction machinery, the placement of temporary support materials, the development of access roads and platforms, excavation activities, and material storage. TenneT receives weekly reports providing its project teams with an up-to-date overview of developments along the corridor. This information helps identify where construction is progressing, where activities require closer attention, and where additional field inspections may be necessary. The satellite-based information supports planners, geographic information system (GIS) specialists, project managers, and construction teams in coordinating activities and making informed decisions. Rather than replacing physical inspections, the technology complements existing supervision methods by helping TenneT focus its resources where they add the most value. Scalable monitoring for Europe's expanding electricity networks. The collaboration illustrates how satellite technology can help transmission system operators address one of the major challenges of Europe's energy transition: expanding and maintaining increasingly complex electricity networks while keeping operational resources and costs under control. Unlike conventional inspection methods, which require personnel or equipment to visit individual locations, satellite monitoring can cover extensive infrastructure corridors at regular intervals. Combined with targeted field inspections, this approach enables operators to increase monitoring coverage without a corresponding increase in inspection resources. For Orbital Eye, the TenneT project builds on more than a decade of experience in monitoring critical energy infrastructure. Founded in Delft in 2012, the company has developed COSMIC-EYE into an operational satellite monitoring platform used by infrastructure operators internationally. Its established experience in the pipeline industry is now being applied to electricity networks, including projects with major transmission system operators in France and Germany. Arnaud van den Berg, Chief Commercial Officer at Orbital Eye, comments: "Europe's electricity networks are undergoing an unprecedented transformation. Projects such as Rilland-Tilburg demonstrate both the scale of that transformation and the challenges operators face in supervising construction across large geographical areas. "With COSMIC-EYE, we provide a proven, scalable monitoring solution that gives project teams greater visibility of activities on the ground while helping them use their resources more efficiently. We are proud to support TenneT in delivering this important infrastructure project." The collaboration with TenneT marks another step in Orbital Eye's expansion into the electricity transmission market, where satellite monitoring offers opportunities to support infrastructure operators throughout the lifecycle of their networks - from construction and maintenance to daily operations. About Orbital Eye Orbital Eye is a Dutch technology company specializing in satellite-based monitoring of critical infrastructure. Founded in Delft in 2012, the company developed COSMIC-EYE, a monitoring platform that combines satellite imagery, artificial intelligence, and expert validation to provide infrastructure operators with actionable information about activities and changes around their assets. With customers in the pipeline and electricity transmission industries, Orbital Eye helps operators improve infrastructure security, monitor extensive networks efficiently, and optimize operational resources. Tagged in:

EuropaWire
Nov 3rd, 2026
TenneT advances four 2GW North Sea offshore platforms with Seatrium and GE Vernova.

TenneT advances four 2GW North Sea offshore platforms with Seatrium and GE Vernova. Construction and integration progress in Singapore and Batam for IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek 2 as BalWin 5 preparations continue TenneT is advancing four 2GW offshore grid platforms with Seatrium and GE Vernova through construction and integration activities in Singapore and Batam, Indonesia. Platforms for IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek 2 are under construction, while preparations for BalWin 5 are continuing. The programme combines standardised design, shared project experience and HVDC technology to connect future North Sea wind farms to onshore grids. (PRESS RELEASE) ARNHEM, Gelderland, Netherlands, 3-Nov-2026 - /EuropaWire/ - TenneT is making progress on four next-generation 2GW offshore platforms being developed with Seatrium and GE Vernova at facilities in Singapore and on the Indonesian island of Batam. The infrastructure will connect future North Sea wind farms to the onshore electricity grid, bringing substantial volumes of offshore wind-generated power to shore. Construction is under way on the platforms for IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek 2, while preparations are in progress for BalWin 5. Each platform is designed to support a grid connection with capacity to transmit 2GW of offshore wind power. Moving from its existing 700MW connections to 2GW represents a significant development in TenneT's offshore grid infrastructure programme. Alongside the larger capacity, the company is standardising platform designs and applying experience from earlier projects to successive installations. Cooperation and learning across the programme. The programme brings together construction, engineering and electrical technology teams across multiple countries. Seatrium is responsible for building and integrating the offshore platforms, while GE Vernova is supplying the high-voltage direct current (HVDC) technology needed to transport large amounts of electricity efficiently over long distances. TenneT's project teams are working closely with both partners to ensure the structures, technical equipment and engineering requirements function as an integrated system. Their continued collaboration also enables improvements identified during work on IJmuiden Ver Beta to be incorporated into IJmuiden Ver Gamma, Nederwiek 2 and BalWin 5. Astrid Hoetmer, Executive Director Offshore at TenneT, said: 'Our project teams take ownership, solve problems and use what they learn from one project to make the next one even better. The close cooperation between TenneT, Seatrium and GE Vernova, across countries, cultures and organisations, is essential. That cooperation, combined with the teams' expertise and commitment, is what turns our ambitions into reality.' Construction and HVDC integration in Batam and Singapore. Activities are advancing at both locations. In Batam, components are being fabricated, assembled and integrated. In Singapore, the work is moving towards installation and testing of the HVDC technology. These stages are bringing the platforms closer to eventual deployment in the North Sea. Contact our press officers [email protected] EDITOR'S PICK:

EuropaWire
Oct 28th, 2026
TenneT Germany commissions 380-kV Salzgitter power line to support SALCOS(R) steel transformation.

TenneT Germany commissions 380-kV Salzgitter power line to support SALCOS(R) steel transformation. The ten-kilometre connection between Liedingen and Bleckenstedt/Süd substations adds industrial grid capacity as Salzgitter prepares to electrify steelmaking operations. Matthias Boxberger, Chairman of the Executive Board and Chief Financial Officer of Avacon AG; Tim Meyerjürgens, CEO of TenneT Germany; Olaf Lies, Minister-President of Lower Saxony; and Heike Denecke-Arnold, Chair of the Management Board of Salzgitter Flachstahl GmbH, symbolically commission the new industrial power line. TenneT Germany has officially commissioned the Salzgitter industrial power line, a roughly ten-kilometre 380-kV connection between the Liedingen and Bleckenstedt/Süd substations in Lower Saxony. The infrastructure supports Salzgitter AG's SALCOS(R) transition toward low-carbon steelmaking, including the planned commissioning of an electric arc furnace, and provides capacity beyond what the existing 220-kV grid could accommodate in the long term. The project forms part of the approximately 100-kilometre Ostfalen Axis and is intended to strengthen the industrial region's electricity supply as demand rises. (PRESS RELEASE) SALZGITTER, Lower Saxony, Germany, 28-Oct-2026 - /EuropaWire/ - Salzgitter AG has marked the commissioning of a new industrial power connection by TenneT Germany, providing additional electricity transmission capacity for the industrial site in Salzgitter, Lower Saxony. The Salzgitter industrial power line is intended to support the transformation of one of the state's largest industrial hubs while helping to reinforce security of supply throughout the region. The line was officially brought into operation on Monday at a ceremony attended by Lower Saxony's Minister-President Olaf Lies and representatives of the industrial and energy sectors. Dr Heike Denecke-Arnold, Chairwoman of the Management Board of Salzgitter Flachstahl GmbH, represented Salzgitter AG. "With our SALCOS(R) programme, we have embarked on the path towards low-carbon steel production. The first phase of expansion in Salzgitter is nearing completion and will be finalised next year when the new facilities, such as the electric arc furnace, come on stream. As the transformation of steel production largely involves the electrification of processes, the new industrial power line is a key infrastructural prerequisite for the success of SALCOS(R). The rapid expansion of grid capacity is of paramount importance to Salzgitter Flachstahl GmbH and the entire Salzgitter Group," Dr Heike Denecke-Arnold said on the occasion of the commissioning of the Salzgitter industrial power line. Salzgitter AG is pursuing low-carbon steelmaking through its SALCOS(R) programme. The first expansion phase at the Salzgitter site is approaching completion and is due to be finalised next year as new installations, including an electric arc furnace, enter service. With steel production increasingly dependent on electrified processes, the company regards the new grid connection as an essential part of the infrastructure needed for the programme. Electricity requirements are expected to increase over the longer term not only at Salzgitter AG but across the surrounding industrial region as more processes are electrified. The existing 220-kV network could not have accommodated the foreseeable additional demand in the long term. The new industrial power line supplies the additional capacity needed to support further development of the site. Tim Meyerjürgens, CEO of TenneT Germany, explained: "High-performance electricity grids are a crucial location factor and of central importance to our country's economic future. It is a matter of competitiveness, industrial value creation and ensuring that companies continue to invest, manufacture and create jobs in Germany in the future. To achieve this, electricity must reach the places where it is needed. Salzgitter demonstrates that grid expansion can be accomplished quickly. This pace, reliable framework conditions, and the shared commitment to moving projects forward must also set the standard for other important infrastructure projects in Germany." The connection consists of an approximately ten-kilometre-long 380-kV overhead power line linking the Liedingen and Bleckenstedt/Süd substations. Planning for the project began in May 2021, with substation construction starting in September 2023 and work on the overhead line following in April 2024. The Salzgitter power line is part of the Ostfalen Axis, a roughly 100-kilometre-long project area extending from Mehrum near Peine to the boundary between Lower Saxony and Saxony-Anhalt. Together with the new transmission capacity, this wider grid development is intended to support the region's long-term industrial electricity needs. Salzgitter AG contacts. Thorsten Moellmann Head of Communication & Brand Phone: +49 5341 21-2300 [email protected]

Marine Technology News
Oct 22nd, 2026
TenneT, NKT find offshore cable decom technically feasible.

TenneT, NKT find offshore cable decom technically feasible. (Credit: NKT) Transmission system operator TenneT Netherlands and cable manufacturer NKT have completed a joint study examining the technical, environmental and economic aspects of decommissioning offshore power cables in the Netherlands and Germany. The study found that offshore cable decommissioning is technically feasible and could contribute to recycling and carbon emissions reduction, although the economic viability of individual projects depends on several factors. The research examined offshore cable end-of-life management from multiple perspectives, including recycling, biodiversity, carbon assessments, logistics, regulatory requirements and operational practices. The companies assessed how offshore cable infrastructure could be managed at the end of its operational life, with a focus on circularity and the potential recovery of materials. "The study highlighted the importance of considering end-of-life requirements from the earliest stages of infrastructure development, helping to create more sustainable solutions for future offshore projects. The study also demonstrated that offshore cable decommissioning is technically feasible and can support both circularity objectives and CO2 reduction. "The economic attractiveness may vary depending on factors such as the materials used, recycling value, processing costs and local market conditions. As a result, the most suitable approach must be assessed on a project-by-project basis," said Gwenn van der Schee, Sustainability Manager at TenneT Netherlands. The project was conducted by a team of TenneT trainees, supported by technical specialists from both organizations. TenneT contributed its expertise as a transmission system operator, while NKT provided knowledge of high-voltage submarine cable systems. The findings underline the importance of incorporating decommissioning considerations into offshore infrastructure planning rather than addressing them only when assets approach the end of their operational lives.

Blue Green Feather
Oct 8th, 2026
TenneT Germany backs Frequensea subsea cable decommissioning technology.

TenneT Germany backs Frequensea subsea cable decommissioning technology. TenneT Germany has joined the development of Dutch pioneering technology company Frequensea's Decommissioning Tool as a Development Sponsor, adding an offshore transmission system operator's perspective to the technology programme. The Frequensea Decommissioning Tool is designed to recover buried subsea cables while limiting disturbance to the seabed. TenneT Germany will assess the technology's potential application to offshore cable removal in the North Sea following a testing programme at Deltares. The German transmission system operator joins existing Development Sponsors DEME and Subsea Cable Assets (SCA). The three companies bring experience spanning offshore grid operation, marine installation and subsea cable handling to the further development of the tool. Frequensea is developing the patented technology towards offshore deployment, with the Deltares testing programme forming part of the qualification process. TenneT Germany's involvement will provide input from an operator with experience in subsea power cable infrastructure. The technology uses controlled vibration to reduce soil resistance around buried subsea infrastructure. According to Frequensea, this approach is designed to support environmentally responsible decommissioning and circularity. The company is targeting applications including subsea power cables, umbilicals and pipelines. The technology is also intended to support material recovery for potential reuse. For offshore wind projects, the technology is being developed in the context of end-of-life removal of subsea infrastructure. Frequensea says its approach could allow recovery operations to use smaller vessels and consume less energy than conventional removal methods. Following completion of the Deltares testing programme, TenneT Germany will evaluate the Decommissioning Tool for potential future use in North Sea offshore cable decommissioning. Source (including image credit): Frequensea

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