Prysmian strengthens its position in the power grid market with a strategic agreement with rte in france

Prysmian has been awarded significant batches of a three-year agreement for the supply of High Voltage and Extra High Voltage underground cables from RTE, the Transmission System Operator in France and a key player within Europe’s power system, with the most extended High and Ultra High Voltage transmission infrastructure. The award confirms Prysmian’s leadership position in the segment and underlines the long-term partnership between RTE and Prysmian.

Xavier Piechaczyk, President of the Board at RTE, said: “The electrification, decarbonisation and reindustrialisation of France are synonymous with major investments in the electricity transmission network over the coming years. This new partnership with major cable makers not only allows us to secure the equipment needed to support the energy transition, but also shows the impact that investing on moving away from fossil energies can have on the French and European manufacturing industry, driving economic growth and employment.”

The contract is an extension of the existing framework, which was due to expire in 2025, and covers a duration of three years - until 2028 - with a mix of High and Extra High Voltage underground cables, including also accessories and installation, that will be manufactured in Prysmian’s plants in France (Gron and Montereau), Italy (Pignataro) and the Netherlands (Delft).

Cinzia Farisè, EVP Power Grid Prysmian, said: “This award confirms Prysmian’s role as a trusted partner, with an attentive focus on meeting what our Customers are looking for, with the speed, quality and reliability that is needed to develop more efficient and greener power grids. The European electrical landscape is undergoing profound changes to make the energy transition a reality. Grids are becoming the backbone of the energy transition and all these changes are increasing our Customers’ responsibility. With our wide offering of products and solutions for Utilities, we have an important role in this journey”.

Marcello Del Brenna, CEO of Prysmian South Europe Region, said: “With this agreement we have taken a major step in terms of growth, increasing our market share and consolidating our leadership position. The award also represents an exceptional opportunity for Prysmian to actively contribute to the local economic and social development of our sites in Gron and Montereau-Fault-Yonne with short-term investments in new production lines, fully keeping with our corporate and social ambition”.