8 Enabling the Digital and Energy transition Saskia Veerkamp, Prysmian Group North America CFO, noted that the Biden agenda is giving a big boost to climate change efforts, and the group is playing a strong role in a few of the country’s biggest infrastructure projects that will shape the energy grid of the future. She pointed to the $900 million SOO Green award announced in June linking the energy grid in the Midwest connecting two of the country’s largest energy markets as an example. “The Vineyard Wind project off the coast of Massachusetts (one of the largest cables contracts ever awarded in the United States – Ed.) has just entered the execution phase, and is a fascinating process,” she said. “And the Dominion Energy project off of the Virginia coast, just recently announced, is one of the biggest submarine cable projects in the US ever.” Latin America CEO Juan Mogollon pointed out that Latin America is a continent with over 30 countries, and this wide range of economic development results in differing views of the energy transition. Some countries such as Mexico continue to emphasize investment in fossil fuels, while others such as Chile are out in front in renewable energy. “I think companies like Prysmian Group make a big difference,” Mogollon said. “That’s where we become enablers, through technology and products, and collaborating with the local communities, to align the agenda with initiatives of sustainability.” Mogollon highighted the importance of working with the local community in LATAM, where the company continues to make investments to promote digitalization to bring quality and fast internet to rural areas of this vast continent. “In the last 18 months, we have invested over $20 million in Mexico and Brazil to bring fiber optic to local communities,” he explained. Turkey’s critical geographical position between Europe and Asia gives it a unique perspective on the energy transition, said Turkey CEO Ulku Ozcan. $20 M Investments in Mexico and Brazil LATIN AMERICA
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