Nexans – one of the world’s largest publicly listed cable makers – has announced a plan to focus all of its attention on the electricity sector, in a transition to become the first pure-play company of its kind. With a focus on new clean energy projects – largely offshore – the company hopes a boom in global grid upgrades will offset its abandonment of other areas of business. Paris-based Nexans announced the move at its Capital Markets Day last Wednesday – in a virtual format of course. In its new plan, the company’s operational model will transition between 2021 and 2024 to become a ‘pure Electrification player,’ with an expected value of between €6 billion and €7 billion. “Everything that…