Hellenic Cables Americas, a division ofย Hellenic Cables, plans to build aย $300 million cable manufacturing facilityย inย Baltimore, Maryland. Theย Hellenic Cables Americas projectย will produceย underwater and underground cablesย that supportย offshore wind farmsย andย grid modernizationย across the United States.
The company gained a significant boost from theย U.S. Department of Energy (DOE), which approved aย transferable tax creditย worth up toย $58 million. This credit will accelerate construction and help the company expand its renewable energy manufacturing footprint in the U.S.
Hellenic Cables Americas plans toย acquire a 38-acre waterfront property at Wagners Pointย in Baltimore. The deal could close as early as this month, following final due diligence. The site offers ideal access to shipping and logistics routes, helping the company efficiently serve U.S. clean energy projects.
The investment forms part ofย Cenergy Holdings SAโsย (Cenergy Holdings) broader industrial expansion. The Belgian-based company managesย Hellenic Cablesย andย Corinth Pipeworks, two major players in Europeโs energy and cable manufacturing sector. Hellenic Cables is one of theย regionโs largest producersย ofย power, telecom, and submarine cablesย serving global energy markets.
Through theย Hellenic Cables Americas project, the company aims to strengthen the U.S. renewable supply chain and create new local jobs. Moreover, this investment highlights Hellenic Cablesโ commitment to innovation, sustainability, and long-term growth in North Americaโs clean energy industry.
Learn more about Hellenic Cables and its global energy initiatives on the Hellenic Cables website.
