Prysmian Group, a Publicly Owned company headquartered in Italy, was founded in 1872 and employs approximately 10,660 individuals. The company reported $22.2B in revenue as of 2025. It specializes in manufacturing electric power transmission and telecommunications cables and systems.
On March 26, 2026, Prysmian introduced a carbon-negative cable, which absorbs more carbon dioxide than it emits, marking a step in reducing emissions across power grid infrastructure. On March 25, the company's focus on high-voltage cables, telecommunications, and energy transmission solutions positioned its shares for electrification growth, reflecting its strategic foresight in the evolving energy landscape. Earlier, on March 24, Prysmian partnered with Stillstrom by Maersk and Faber Group to develop a pilot offshore charging system for hybrid and electric vessels operating in offshore wind. This system aims to enable service operation vessels to connect to offshore power sources, reducing the need for frequent return trips to shore for refueling and cutting emissions from ships used in the offshore wind industry, with a pilot planned for late 2026.
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