2022-12-08
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Newsarchive - Prysmian Group

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

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

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

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

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

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

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

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

Prysmian Group welcomed President Joe Biden to its new U.S. High-tech hub for Renewable energy

Prysmian Group welcomed President Joe Biden to its new U.S. High-tech hub for Renewable energy
07/22/2022

Transforming the former somerset, Massachusetts, coal plant into the first submarine power cables factory and R&D center / The Group is involved in developing cabling connections for all major offshore wind farm projects in the U.S.

Prysmian will develop two new submarine power interconnections between islands in Canarias and Spain mainland and Ceuta in North Africa

Prysmian will develop two new submarine power interconnections between islands in Canarias and Spain mainland and Ceuta in North Africa
07/18/2022

The contracts, worth approximately €250m, have been awarded by Red Eléctrica / The projects are key to meeting Spain’s 2030 Energy Transition goals

Prysmian aims to turn workers into shareholders too

Prysmian aims to turn workers into shareholders too
05/09/2022

INNOVATIVE SHARE-INCENTIVE PLAN LAUNCHED FOR MORE THAN 25,000 GROUP EMPLOYEES / V. BATTISTA: "IN ORDER TO ALIGN THE INTERESTS OF ALL STAKEHOLDERS, IT IS ESSENTIAL TO ALSO OFFER WORKERS SHARE INCENTIVES USUALLY RESERVED FOR MANAGEMENT".

European top utilities and TSOs at the Prysmian Group Submarine Cable Day in Naples

European top utilities and TSOs at the Prysmian Group Submarine Cable Day in Naples
03/23/2022

CEO V. Battista “Power grid interconnections play a key role in the EU’s energy transition and autonomy. As a global industry leader, we plan to invest about €1 bn by 2024” / The new cable-laying vessel Leonardo da Vinci will allow to speed up projects execution / New submarine cable factory in the US and production capacity expansion at the Italian, Finnish and French plants

Prysmian to deiver the first Interconnector between UK and Germany

Prysmian to deiver the first Interconnector between UK and Germany
03/03/2022

Major contract worth around €1.2 billion awarded by NeuConnect / Cable transmission link vital to imprioving the integration and efficiency of European renewable resources

Prysmian Group: new submarine cable plant in the USA

Prysmian Group: new submarine cable plant in the USA
02/18/2022

Prysmian and CDC (Commercial development Company) announces the finalizations of the purchase of Brayton Point site (Massachusetts) by Prysmian / Conditions met for the award to Prysmian of the Commonwealth Wind, Park Wind City Wind Offshore projects by AVANGRID

Prysmian Group speeds up innovation with the support of EIB (European Investment Bank) and undertakes new projects in the areas of ultra-rapid telecom networks and smarter, more sustainable power grids

Prysmian Group speeds up innovation with the support of EIB (European Investment Bank) and undertakes new projects in the areas of ultra-rapid telecom networks and smarter, more sustainable power grids
02/03/2022

€135 million financing dedicated to R&D activities / "Cable technology is a key enabler to face the challenges of digitalisation and energy transition", explains Srini Siripurapu, Chief R&D and Innovation Officer Prysmian Group

Prysmian Group secures a landmark HVDC submarine cable project in the Middle East

Prysmian Group secures a landmark HVDC submarine cable project in the Middle East

01/14/2022

Limited Notice to Proceed received by Samsung C&T. The award is worth €220M

Prysmian secures new offshore wind farm projects in the USA for approx. $900M

Prysmian secures new offshore wind farm projects in the USA for approx. $900M
12/20/2021

Partnerships with Vineyard for Commonwealth Wind ($580M) and Park Wind City ($310M) projects confirm prominent role in the growing offshore wind industry / Prysmian intends to build a new factory in Massachusetts to further expand local footprint and customer proximity

Prysmian sets a milestone in the realization of new German hvdc power transmission line

Prysmian sets a milestone in the realization of new German hvdc power transmission line
12/09/2021

First lot of 550 km of cables produced and delivered, innovative 525 kV cables allows lower environmental impact Prysmian Powerlink CCO d. Waimann “We are proud to take part in this strategic project that represents energy transition in Germany and Europe”

Prysmian awarded €1.71 bn framework contract by Terna

Prysmian awarded €1.71 bn framework contract by Terna
11/30/2021

1,500 km cable system for mediterannean Tyrrhenian link electricity corridor New investments in Prysmian's centre of excellene at Arco Felice (Naples) CEO V. Battavista “We are proud to work with Terna on tis milestone project, to develop an more robust and sustainable power grid in Italy.”

Prysmian to develop a new submarine power link between Elba island and mainland Italy

Prysmian to develop a new submarine power link between Elba island and mainland Italy

11/23/2021

Terna awards a project worth about €68 million / Cable to be produced in Prysmian’s centre of excellence in Naples

EC imposes anti-dumping duties on imports of optical fibre cables from China

EC imposes anti-dumping duties on imports of optical fibre cables from China

11/19/2021

Prysmian Group welcomes EC decision: “Ensuring fair competition is in the interest of our customers and the whole community”

Prysmian Group is the first company in the cables sector to join the Responsible Mica Initiative

Prysmian Group is the first company in the cables sector to join the Responsible Mica Initiative
11/19/2021

Prysmian Group is the first company in the cables sector to join the Responsible Mica Initiative, a coalition committed to establishing a fair, responsible and sustainable mica supply chain

Prysmian Group acquires the Swiss Omnisens S.A., leader in long-distance fibre optic sensing solutions for the monitoring of critical infrastructures

Prysmian Group acquires the Swiss Omnisens S.A., leader in long-distance fibre optic sensing solutions for the monitoring of critical infrastructures
11/12/2021

The Group strenghtens its presence in the value-added market of monitoring solutions for a safer and more effiecient use of electrical assets.

Results for the first nine months of 2021 recovered sharply

Results for the first nine months of 2021 recovered sharply

11/12/2021

Record order book at €4 billion Order intake at €2.3 billion YTD, with an acceleration in the USA

Prysmian secures Dominion Energy €630m submarine cable project, the largest ever awarded in USA

Prysmian secures Dominion Energy €630m submarine cable project, the largest ever awarded in USA

11/05/2021

The Project includes the supply of 880 km for the milestone 2.6 GW Coastal Virginia Offshore Wind Project

Prysmian Group at ACP Offshore WINDPOWER Conference 2021 in Boston

Prysmian Group at ACP Offshore WINDPOWER Conference 2021 in Boston
10/13/2021

Prysmian Group confirms its commitment to the growing US offshore wind farm industry. The Group will showcase its state-of-the-art cable technology for the owf sector

Prysmian Group announces $100M investment in the US for the capacity increase of power cables production capacity to match the increasing demand from utilities and tso

Prysmian Group announces $100M investment in the US for the capacity increase of power cables production capacity to match the increasing demand from utilities and tso
10/08/2021

The Group is fully committed to support the development of next generation power transmission and distribution grids for the energy transition in North America

Prysmian Group awarded a €221 M submarine cable project in Middle East

Prysmian Group awarded a €221 M submarine cable project in Middle East

10/04/2021

A strategic link transmitting energy between Egypt and Saudi Arabia, connecting two continents across the Gulf of Aqaba

Vineyard offshore wind farm project in the US goes forward

Vineyard offshore wind farm project in the US goes forward
10/01/2021

Prysmian obtains the notice to proceed for the €200 m cabling project. Vineyard is the first large scale offshore wind farm in the US / This project further confirms Prysmian’s role in enabling energy transition in the US

Prysmian Group and ocean sailor Giancarlo Pedote join forces for the Vendée Globe 2024

Prysmian Group and ocean sailor Giancarlo Pedote join forces for the Vendée Globe 2024
09/20/2021

“Together with Giancarlo, we will be working with UNESCO on an ocean-monitoring project using our PRY-CAM technology,” stated Valerio Battista / "Protecting the ocean through expertise: understanding our situation, without hiding from it, is the first act of courage, the minimum basis for action," stated Giancarlo Pedote.

Prysmian Group at the FTTH - Fibre To The Home Conference 2021

Prysmian Group at the FTTH - Fibre To The Home Conference 2021
09/14/2021

P. Vanhille: “Fibre optic technologies driver for Telecom networks’ sustainability” / Optical fibre allows network stability and reliability, together with increased security against cyber-attacks, as stated in a recent whitepaper issued by the Group

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