Helix Robotics Solutions Secures Major Trenching Services Contract for Hornsea 3 Offshore Wind Farm

Helix Robotics Solutions, a division of Helix Energy Solutions Group, Inc. (NYSE: HLX), has been awarded a significant trenching services contract by Seaway7 for the burial of inter-array cables at Ørsted's Hornsea 3 Offshore Wind Farm. The contract, expected to last over 300 days, is scheduled to commence in the third quarter of 2026. This substantial win highlights Helix's commitment to supporting offshore wind development and expanding its offshore renewables activity.

Under the contract, Helix will utilize the Grand Canyon III trenching support vessel, mobilized with the T1500 jet trencher, the i-Trencher trenching system, a work-class remotely operated vehicle, and associated survey services. The project scope includes the burial of all 192 inter-array cables, totaling approximately 500 km in length. The project will be managed with engineering and survey support from Helix's offices in Aberdeen, UK.

Scotty Sparks, Helix's Executive Vice President and Chief Operating Officer, stated, "Helix is a global leader in subsea robotics and trenching, and we are proud to bring our expertise to the Hornsea 3 Offshore Wind Farm project. This contract with Seaway7, one of the largest trenching awards to Helix, underscores our commitment to supporting offshore wind development and expanding Helix's offshore renewables activity."

The contract win by Helix Robotics Solutions is a significant development for the company, as it represents one of the largest trenching awards to date. The project's extensive scope and duration suggest a material impact on Helix's revenue pipeline and operational utilization rates. The deployment of high-value assets like the Grand Canyon III vessel and specialized trenching equipment (T1500 jet trencher, i-Trencher system) showcases Helix's comprehensive technical capabilities and positions the company competitively in the offshore renewables market.

The contract's timing aligns with growing global demand for offshore wind infrastructure services, further validating Helix's commitment to supporting offshore wind development and expanding its offshore renewables activity. The project's scale and duration also provide enhanced visibility into future revenue streams and asset utilization, contributing to Helix's growth trajectory in the renewable energy sector.

In conclusion, the contract awarded to Helix Robotics Solutions by Seaway7 for the Hornsea 3 Offshore Wind Farm project has significant strategic implications for Helix's expansion into renewable energy projects and reduction of sector concentration risk. The project's scale, duration, and technical requirements demonstrate Helix's commitment to and capabilities in the offshore wind sector, while also reducing the company's exposure to the volatile oil and gas market. The contract's timing and scale suggest positive implications for Helix's future growth prospects in the renewable energy sector.