As part of the prestigious Choose France program, Prysmian Group has achieved a significant milestone by winning the “Innovation and Innovative Technologies” award. The landmark achievement underlines Prysmian’s commitment to sustainable development, innovation, and bolstering its industrial operations in France.
Prysmian’s Strategic Investments in France
Prysmian’s dedication to advancing France’s energy infrastructure is evident through its extensive investments in industrial excellence sites in Gron and Montereau-Fault-Yonne. Between 2020 and 2022, the company invested €76.6M in the Gron site, supported by €5M from the France relaunch 2023 program. This initiative has already created 70 new jobs, with plans for an additional 70 shortly. Similarly, the Montereau-Fault-Yonne site has seen a €55.5M investment since 2020, resulting in 40 new roles, with a projection of 60 more by 2026.
These investments reflect Prysmian’s response to increasing energy demands and the strong need for new interconnection infrastructure. Such steps are crucial in addressing the evolving energy mix and promoting environmental sustainability.
Deployment of High-Performance and Eco-Friendly Technologies
A significant portion of Prysmian’s achievements stems from its innovative production of very high-voltage cables using P-Laser technology. This 100% recyclable, eco-sustainable cable technology powers green initiatives like the German Corridors project, the world’s longest underground electrical link. By investing in this advanced technology, Prysmian aligns itself with the global push towards renewable energy solutions and reduced carbon footprints.
Marcello Del Brenna, General Manager for Prysmian in the Southern Europe region, noted, “Receiving this recognition is a testament to the group’s efforts to contribute to the energy transition and is motivation to continue implementing eco-friendly innovations in France.”
The Social and Economic Impact of Foreign Investments
Prysmian’s commitment exemplifies how foreign investments can positively impact the local economy and society. The group currently operates nine industrial sites in France, with these latest investments directly contributing to job creation, cutting-edge innovation, and the competitiveness of the French energy sector.
“The winners of the Choose France 2024 Awards highlight the profound impact foreign investors have on our economy. They enhance competitiveness, accelerate sustainability, and foster inclusiveness,” remarked Pascal Cagni, President of Business France.
This recognition underscores the importance of private sector initiatives in enabling the global transition towards sustainable economies and cleaner energy solutions.
Future Prospects: Building a Sustainable Energy Ecosystem
Prysmian’s vision of sustainable development extends beyond financial investments. By leveraging advanced technologies, eco-friendly production, and active recruitment, the company is setting an example for other industrial leaders. The French government’s support and the Choose France award further affirm the importance of collaboration between private organizations and public institutions in achieving shared sustainability goals.
