Newsarchive - Prysmian

Prysmian - Prysmian

Wind Industry Profile of

Prysmian

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Prysmian Group at Reuters’ Offshore Wind conference in Boston (11-12 July)

07/10/2023

The Group confirms its commitment to supporting the development of the US offshore wind industry / H. Ozmen, EVP Projects BU: “Focus on technological innovation, local footprint and global expertise”

Prysmian secures a further milestone with EGL1 HVDC cable connection to assure capability for the planned project delivery

07/05/2023

Prysmian Group, world leader in the energy and telecom cable systems industry, has secured an important milestone with SP Transmission plc and National Grid Electricity Transmission plc, two of the GB transmission grid owners.

Prysmian to develop a new submarine power cable link for the Hornsea 3 offshore windfarm in the UK

07/03/2023

280 km of 66 kV inter-array cables to power the world’s largest single offshore wind farm

Prysmian secures further milestone with EGL2 HVDC cable connection to assure capability for planned project delivery

06/29/2023

Prysmian Group, world leader in the energy and telecom cable systems industry, has secured an important milestone with Eastern Green Link 2 Limited, a joint venture between SSEN Transmission and National Grid Electricity Transmission plc, the GB electricity transmission network owners.

"Going Green and Digital", Prysmian Group focuses on energy transition and digitalisation 2023-2025 targets and sustainability plan:

06/28/2023

...allowing 110 million households with green electricity access and 15 million households with fast digital access / Reducing Group’s carbon footprint to achieve a 90% reduction of scope 1 and 2 emissions by 2035 and scope 3 emissions by 2050 / achieving a share of revenues from sustainable products of 57% in the EU and 19% in the rest of the world / increasing recycled content in polyethylene and copper jackets of 15-16 / improving gender equity to reach 47-49% of women hired by 2025 and 50% by 2030

Prysmian Group: the Science Based Target initiative approves the new near-term and net-zero GHG emission reduction targets

06/28/2023

Scope 1 and 2 emissions at -47% (upgrade from to the previous 2021 target of -46%) and Scope 3 emissions at -28% (upgrade from to the previous 2021 target of 21%) by 2030 / -90% (Scope 1 and 2) by 2035 and -90% (Scope 3) by 2050 throughout the value chain

Prysmian Group, Giancarlo Pedote and the Euro-Mediterranean Centre on Climate Change (CMCC) present "Sailing4Ocean" aimed at safeguarding the ocean

06/23/2023

Italian sports, technology and science join forces to safeguard the ocean through an innovative solution that will be applied on Giancarlo Pedote’s Prysmian Group IMOCA. Thanks to the contribution of the CMCC advanced scientific research, it will allow to monitor the health of the oceans using AI algorithms and the Group’s patented sensing technologies

Prysmian Group at Jicable 2023 in Lyon

06/19/2023

Srini Siripurapu, Chief R&D and Innovation Officer to highlight the role of insulated cable systems for the energy transition and the sustainability in the closing panel of the technical conference on June 21 / Twenty-three technical papers to share best practices and expertise in the development of power transmission and distribution grid infrastructures / Full range of innovative and sustainable solutions for grid hardening and electrification processes including the new 525 kV HVDC cable system and Prysmian PRYSOLAR

Start of the sell to cover for the LTI 2020-2022 plan

06/06/2023

Prysmian's leadership team invests in the shares of the Company, owning more than the 2% of the share capital

Prysmian Group to create a power transmission cable technology hub in Finland supporting the grid upgrade for the global energy transition

06/01/2023

New €120 mn investment in the Pikkala plant, in addition to the €100 mn already provided in 2022 / The investment will allow the production of 525 kV HVDC submarine cables, creating new job opportunities and minimising environmental impact

Prysmian launches Ecoslim™, the fibre-optic system with up to 90% recycled plastic and record reduced diameter

05/25/2023

The innovative solution allows major savings in the use of raw materials and reduced CAPEX.

Prysmian selected as preferred bidder for EGL1 HVDC cable connection in UK

05/25/2023

The EGL 1 connection requires 400 km of submarine cables for a capacity of 2 GW

Q1 2023 Financial Highlights

05/11/2023

Long-term drivers continue to fuel growth Improved results and strong cash generation thanks to a wide portfolio of businesses and geographies

Prysmian Group and Giancarlo Pedote: great regattas in 2023 in preparation of the Vendée Globe 2024

05/05/2023

Social commitment, performance pursuit and miles accumulation are the goals of 2023 for the only Italian team vying for participation in next year’s solo round-the-world race / Sustainability and social commitment confirmed with ELECTRICIENS SANS

Prysmian Group to present innovative, sustainable and cost-effective solutions for the wind power industry at the WindEurope Annual Event 2023 in Copenhagen

04/24/2023

Focus on the new 525 kV HVDC cable system for more efficient, reliable and eco-friendly power transmission / World-class technical innovations for wind turbines on display will include Windflex, the first totally lead-free ultra-flexible loop cables up to 66 kV, and Feltoflex, ready-to-plug cable solutions up to 155 kV

ANNUAL SHAREHOLDERS' MEETING

04/20/2023

2022 financial statements approved / dividend of €0.60 per share for a total of about €158 million / authorisation to buy back and dispose of treasury shares renewed / long term incentive plan in favour of Prysmian Group’s employees and capital increase in service of such plan approved / remuneration policy report approved and favourable opinion on the report on compensation paid

Prysmian - 2022 Best Year Ever: Results Above All Expectations

03/10/2023

Profits and cash generation grew by over 50%

Prysmian Group: a € 120 M loan granted by CDP in favour of innovation and digitalisation

03/06/2023

The Italian Group, leader in the cable systems industry, thanks to the new resources granted by Cassa Depositi e Prestiti, will invest in R&D for network upgrading purposes / The Project is in line with the Paris Agreement and the European Green Deal and Horizon Europe Directives on the production of renewable and clean energy

Prysmian secures €1.8 bn offshore wind farm connection projects from TenneT in the Netherlands

03/03/2023

First ever 525 kV XPLE HVDC submarine cable systems to deliver in total 4 GW of clean energy from Dutch North Sea to the Netherlands

Genera 2023 in Madrid: Prysmian Group launches Prysmian PRYSOLAR, the most innovative cable solution for solar power generation

02/20/2023

Reliable return on investment and increased efficiency of solar plants

Ibiza-Formentera submarine cable interconnection: cable laying operations successfully completed

01/31/2023

The Group supports the EU and Spain’s energy transition and decarbonisation targets

Prysmian Group launches the Global Sustainability Academy

01/10/2023

The initiative involves all the 29,000 employees in over 50 countries / Sustainability, energy and digitalization among the Prysmian's priorities

Prysmian: €800 net per employee thanks to the new income support welfare plan in Italy

12/12/2022

More than 26,000 employees worldwide especially blue-collar workers not eligible for management bonuses, will also receive shares in the form of variable renumeration

Prysmian to further expand its cable-laying vessel fleet to support global power grid upgrade for the energy transition

11/22/2022

Contract to build a new cable-laying vessel awarded to VARD (Fincantieri Group) / The widest cable-layer fleet in the industry will ensure reduced timescales, lower costs and greater sustainability of submarine cable projects

Prysmian awarded €60 M contract as part of Lightning Project in UAE

11/15/2022

Scope of work: laying 134 km route of DC submarine cable system

Prysmian: All time record quarter. Energy transition and digitalisation drive performance growth across all businesses and geographical areas

11/10/2022

FY2022 Targets revised upwards: FY 2022 Adjusted EBITDA at €1,425-1,475 BN; FCF up to €450-500M / Order book record at €6.85 BN

Prysmian Group: Global economic uncertainty will not slow down digital transformation

11/08/2022

CRU World Optical Fibre & Cable Conference In Milan / EVP P. Vanhille: “Need for connectivity is growing. We will keep investing in reliability, performance and sustainability of our optical fibre solutions”

Prysmian to provide power grids asset management services to French operator RTE

11/04/2022

Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a contract by France’s transmission system operator Réseau de Transport d'Électricité (RTE) to provide inspection, maintenance and repair services for the submarine export power cable links connecting the three offshore wind farms near the French coast of Normandy that will be linked to the mainland using Prysmian cables.

Prysmian awarded more than €800M for two offshore wind farm grid connection cable systems in Germany

09/16/2022

Around 1000 kms of submarine and land cables for Amprion’s Dolwin4 & Borwin4 projects / Prysmian confirms its major role in supporting European energy transition

Prysmian reaches key milestone in the field of Power Grids for the Energy Transition

08/29/2022

First 525 kV HVDC extruded submarine cable system successfully developed and tested / The new technology allows doubling transmission capacity up to more than 2.5 GW for more efficient and cost-effective power transmission