Prysmian Group Innovation Funding Accelerates Energy and Telecom Advances
The Prysmian Group, a global leader in energy and telecom cable systems (visit Prysmian Group website), has secured €135 million in innovation funding from the European Investment Bank (EIB) (visit EIB website). This milestone represents a major step forward in Prysmian’s 2021–2024 R&D roadmap, which focuses on speeding up innovation in sustainable power grids and ultra‑fast telecom infrastructure.
“Cable technology plays a crucial role in advancing digitalization and supporting the energy transition,” said Srini Siripurapu, Chief R&D and Innovation Officer at Prysmian Group.
Industrial Research Backed by Prysmian Group Innovation Funding
The new EIB financing enables Prysmian Group to enhance its industrial research pipeline through:
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Developing innovative cable materials using nanotechnology.
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Advancing systems that monitor and manage land and submarine power grids.
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Designing next‑generation sustainable cables and hybrid energy‑telecom solutions.
These R&D efforts support Prysmian’s goal of building smarter, greener cable infrastructure across Europe.
Driving Experimentation and Cutting‑Edge Innovation
With the boost from Prysmian Group innovation funding, the company is testing new materials, optimizing cable design, and introducing breakthrough technologies for faster, safer cable jointing operations. Each project strengthens efficiency, durability, and eco‑performance across Prysmian’s product lines.
Expanding Product Development Through Innovation Funding
This partnership allows Prysmian Group to broaden its advanced product portfolio, including:
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Submarine and P‑Laser Extra High Voltage transmission cables.
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Dynamic offshore cables for renewable energy projects.
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High‑performance optical fiber and FTTH/FTTA connectivity systems.
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Cable solutions tailored for the growing e‑mobility network.
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Smart sensing cables that enhance grid fault detection and remote monitoring.
These developments reflect Prysmian’s commitment to supporting Europe’s clean energy and digital evolution.
Digital Transformation and Sustainability in Cable Manufacturing
Prysmian’s innovation funding supports digital transformation projects that integrate AI, machine learning, and IoT Industry 4.0 solutions. Engineers use these tools to optimize cable production, streamline remote monitoring, and assess the environmental performance of every project.
By merging sustainability data with digital management platforms, Prysmian continues to cut CO₂ emissions and material waste across its global operations.
Strengthening Europe’s Future Through Innovation Funding
The €135 million investment covers nearly half of Prysmian Group’s planned European R&D costs from 2021–2024. Globally, the company dedicates about €100 million annually to research and development. This latest funding marks the third EIB collaboration, following successful agreements in 2013 and 2017.
EIB Vice President Gelsomina Vigliotti emphasized that the partnership “advances sustainable technologies designed to reduce raw material use, waste generation, and CO₂ output—key to Europe’s energy and digital transition.”
