en.Wedoany.com Reported - April 10, 2026 - A corporate consortium led by Next Geosolutions (NextGeo) announced that it has formally been awarded a subsea power cable survey contract by Terna, Italy's national transmission grid operator. The total project value exceeds €28 million (approximately $30 million USD) and involves providing marine survey and environmental characterization services for the "Milan–Montalto" High Voltage Direct Current (HVDC) link, which will connect the Lazio and Lombardy regions of Italy.

Regarding the transaction structure and consortium composition, NextGeo holds an 84% stake in the joint project, with the remaining partners including CONISMA, Poliservizi, and CIBM. As part of Italy's "Hypergrid" plan, this route spans approximately 280 kilometers and aims to optimize energy flow between central-southern and northern Italy. NextGeo's scope of responsibilities covers high-precision seabed topographic surveys, stratigraphic assessments, and environmental evaluations of seabed flora and fauna communities, providing critical data support for subsequent cable laying.

In terms of execution arrangements, the field operations for this project are expected to commence in the second half of 2026. NextGeo will deploy its core fleet, including the specially modified survey vessel "NG Surveyor," utilizing high-precision multibeam bathymetry and Remote Operated Vehicle (ROV) technology. This contract not only represents NextGeo's continued penetration into the Italian domestic subsea infrastructure market but also constitutes a substantive action in supporting the nation's energy transition.

Currently, the project has completed the tender and contracting stages, with consortium members now conducting preliminary voyage planning and equipment commissioning. The implementation of this project will further strengthen the resilience of Italy's main power grid, meeting the growing demand for renewable energy integration and cross-regional power dispatch.

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