August 2023
Hyperion Group, a leading energy solutions and technology provider with a 30 year global presence, is thrilled to announce its collaboration with Nexans (Euronext Paris:NEX), a global leader in cable systems and services, in the prestigious EUROASIA Interconnector, a ground breaking project that marks a significant milestone in the advancement of energy infrastructure in the Eastern Mediterranean through the seamless interconnection of the electricity grids of Greece, Israel, and Cyprus.
Hyperion Group will play an important role in supporting Nexans with business and commercial matters, serving as a facilitator to ensure delivery and completion. Hyperion will also assist in identifying and establishing sub-contracts with local service providers as needed and maintain ample facilities and personnel for NEXANS, ensuring a smooth execution of the project.
The EUROASIA Interconnector project has been designated as a Project of Common Interest by the European Union, emphasizing its strategic importance in meeting Europe's energy and climate goals. By joining forces with Nexans, Hyperion Group aims to contribute to the realization of the European Commission's "Green Deal" and foster energy security, reduced carbon emissions, and enhanced energy connectivity for Cyprus.
"We are honoured to have worked with Nexans on the EUROASIA Interconnector project," stated Dr Symeon Kassianides, Chairman and CEO at Hyperion Group. "Our collaboration represents a significant milestone for Cyprus and the East Mediterranean, reinforcing our commitment to sustainable energy development and regional integration. Together, we will work diligently to ensure the successful implementation of this ground breaking project, unlocking immense benefits for our nation and the entire region".
Hyperion Group is excited to embark on this journey with Nexans, leveraging its local expertise and capabilities to contribute to the realization of the EUROASIA Interconnector. This collaboration signifies a strong commitment to advancing energy infrastructure, fostering economic growth, and promoting sustainable practices in the Eastern Mediterranean and beyond.