Prysmian Group Overview

Prysmian Group – 18 – Energy transition The energy transition to renewable sources is certainly one of humanity’s greatest challenges in combating climate change . There can be no doubt that only by driving down the costs of generating renewable energy and supporting its parity with fossil sources will it be concretely possible to achieve the goals recently set for the coming decade by the European Commission and the United Nations Sustainable Development Goals. Prysmian Group has a central role to play in this process as an enabler of this transition. In fact, cables form the backbone of power grids ; without them, it would be impossible to implement the energy transport process. Cables are essential to transmitting renewable energy from where it is generated (offshore wind farms) to where it is distributed (communities and cities), thus enabling the generation and transmission of cleaner, smarter and more competitive energy. Cables and cable technology are therefore the key element in enabling the energy transition to efficient, smart and sustainable networks , indispensable to the development of a decarbonised economy and a new growth model. CABLE PERFORMANCE: KEY TO THE FUTURE Prysmian Group is committed to constant innovation in the area of land and submarine high-voltage cables, a key element for the development of networks for the energy transition. In seeking constant improvement in the cable performance, the goals relate to: cables capable of being installed at increasingly greater depths and in any marine environment, reaching as deep as 3,000 metres; interconnections at an increasingly longer distance , to connect countries located far apart from one another, and cables capable of connecting the wind farms located farthest from land (for example, floating wind farms) and in the windiest areas; increasing the intrinsic reliability of cables , limiting their dispersion and equipping them with sensors capable of monitoring the system; increasing cable productivity , while also generating a significant impact on the reduction of the costs of construction of the system.