Prysmian secures €300 million EIB financing to boost R&D through 2028
The European Investment Bank approved €300 million in financing for Prysmian to fund European R&D from 2025–2028. Prysmian has signed the first €200 million tranche to develop high-performance, low-emission cable solutions that improve power and telecom network reliability, resilience, security, and sustainability.
Prysmian holds ceremony to mark the completion of a $63 million plant expansion
Prysmian has completed a $63.8 million expansion of its Du Quoin, Illinois plant, adding 100,000 square feet of manufacturing space, 80 new jobs, expanded EV and renewables cable capacity, and a new solar farm that now supplies about half of the facility’s power under Illinois’ REV program support.
Prysmian named preferred bidder for the Eastern Green Link 4 HVDC cable project
Prysmian has been named preferred bidder for the Eastern Green Link 4 (EGL4) HVDC cable connection, valued at about €2 billion, to connect Scotland and England via the North Sea. EGL4 will need around 646 km of cable, including approximately 530 km of subsea cable between Kinghorn (Fife) and Anderby Creek or West Norfolk, plus onshore sections at both ends. This major infrastructure will strengthen the UK’s energy grid and support its clean energy transition.
Prysmian chosen to be fiber optic cable supplier for multi-island Hawaii project
Prysmian will supply 740 km of submarine fiber optic cable for the Hawaiian Islands Fiber Link, a key project under Hawaiʻi’s Connect Kākou initiative. The system, spanning six islands, will enhance broadband access with 24 fiber pairs, a 25-year design life, and environmentally sensitive installation methods.
Prysmian awarded framework agreement from Terna to improve the Italian power grid
Prysmian has secured a three-year, €382.5 million framework agreement with Terna to supply and maintain high-voltage HVAC cables for Italy’s transmission grid. The project supports the European Green Deal, with production centered at Prysmian’s expanded Pignataro Maggiore facility in Campania.