Linxon Secures $1 Billion in New Turnkey Contracts for 2024 Expansion

Linxon Achieves Major Milestone in Turnkey Projects for 2024

Linxon, a notable joint venture between AtkinsRéalis and Hitachi Energy, has proudly announced a remarkable financial achievement: securing $1 billion in new orders for turnkey projects in the year 2024. As of December 2024, this milestone reflects the company's compassionate service to its clients and highlights its significant growth trajectory in the power transmission sector.

After a year of exceptional performance in 2023, Linxon's accomplishments have positioned it favorably in a competitive market. The extensive contracts obtained span three key regions: the Americas, Asia Pacific/Middle East Africa, and Europe. Each of these areas has contributed substantially to this impressive figure, indicating Linxon's ability to appeal to a diverse clientele.

While the bulk of Linxon's efforts center around Transmission System Operators (TSOs), the firm has also experienced notable advancement in Energy Storage Systems (ESS) within the Americas. This includes a promising entry into Puerto Rico, where Linxon strives to integrate renewable energy through an initial batch of nine projects. The entry into such projects not only signifies progress in renewable integration but also sheds light on Linxon's commitment to enhancing sustainability.

Furthermore, Linxon's expansion does not stop with the Americas. It has broadened its market presence significantly in the Middle East, marked by a major award secured in Abu Dhabi. In Europe, Linxon continues to make considerable advancements, expanding its pipeline of projects via TSOs in its core markets. New contracts are anticipated in the first half of 2025, further indicating a positive growth forecast.

Linxon's CEO, Stefan Reisacher, conveyed enthusiasm about the company’s future during a recent announcement. He stated, "We are ideally positioned for the market super cycle and are fully dedicated to maintaining this growth trajectory, increasing the services to our customers, providing opportunities to our staff, and achieving strong financial results for our shareholders." This reflection of Linxon's dedication to both customer satisfaction and employee opportunities emphasizes the brand's holistic approach to business.

With a recent consolidation into three robust hubs, Linxon has demonstrated continuous improvement in its project execution capabilities. Reisacher further explained, "Effective project execution - delivered on time, with quality, and within budget - is fundamental to our business success." This commitment to excellence in execution has been crucial in establishing trust and reliability among Linxon's partners and clients.

In conclusion, Linxon’s recent achievements serve as a testament to the joint venture's strength and a harbinger of future accomplishments. By securing significant contracts and expanding its market reach, Linxon is well-positioned to navigate the evolving landscape of power transmission and renewable energy integration. As they embark on another year, all eyes will be on Linxon to see how it continues to innovate and lead in this vital industry.