(IN BRIEF) The European Investment Bank has approved a €300 million financing package for Prysmian, with the first €200 million tranche now signed, to support the company’s European R&D activities from 2025 to 2028. The funding will accelerate development of … Read the full press release
Posted in Banks, Energy, Gas & Oil, European Union, Financial, Infrastructure & Utilities, Investment, Italy, Luxembourg, News
Tagged cable innovation, digital transformation, EIB, EIB Partnership Strengthens Prysmian’s R&D Ambitions and Supports Europe’s Energy Transition and Digital Transformation, energy transition, European Investment Bank, European laboratories, France, Gelsomina Vigliotti, Germany, Giovanni Zancan, high tech infrastructure, Italy, low-emission technologies, Netherlands, Prysmian, R&D funding, REPowerEU, Spain, Srinivas Siripurapu, sustainable solutions, TechEU, €200 million tranche, €300 million financing
(IN BRIEF) The Eastern Green Link 1 project, a joint venture between SP Energy Networks and National Grid Electricity Transmission, has begun construction on a subsea electricity cable that will provide green power to two million homes. This £2.5 billion … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology, United Kingdom
Tagged alternating current, Carl Trowell, clean energy, climate goals, direct current, Eastern Green Link 1, economic development, electricity cable, Energy Innovation, energy security, energy transition, environmental impact, GE Vernova, green electricity, Hawthorn Pit, local community benefits, METLEN Energy & Metals, Michael Shanks, National Grid Electricity Transmission, Nicola Connelly, Ofgem, partnership, Paul McLennan, Prysmian, renewable energy, Social Value, SP Energy Networks, subsea electricity superhighway, sustainability, Torness, UK energy grid, UK energy infrastructure, £2.5 billion investment
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
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