The European Investment Bank has approved a €300 million financing package for Prysmian to support its European research and development activities from 2025 to 2028, with the first tranche of €200 million already signed. The financing aims to accelerate the adoption of innovative solutions that enhance energy efficiency, network security, and digital infrastructure while contributing to the energy transition.
Prysmian will use the funds to develop high-performance, low-emission solutions designed to improve the reliability, resilience, and security of power and telecommunications networks. These R&D activities will be carried out across several European laboratories, including sites in Italy, France, Germany, the Netherlands, and Spain. The initiative also aims to reduce carbon emissions and advance sustainable energy solutions.
EIB Vice-President Gelsomina Vigliotti emphasized that innovation is central to European competitiveness, and the financing aligns with the objectives of REPowerEU and TechEU to accelerate both the energy and digital transitions. Giovanni Zancan, Prysmian Finance Senior Vice President, highlighted that the EIB’s support demonstrates confidence in Prysmian’s creditworthiness while enabling the development of cutting-edge technologies.
The agreement is fully aligned with REPowerEU and complements TechEU, the EIB Group’s €70 billion investment program intended to strengthen innovation-driven growth and technological leadership in Europe. TechEU aims to mobilize €250 billion in real-economy investments from 2025 to 2027 through a combination of equity, quasi-equity, loans, and guarantees.
Srinivas Siripurapu, Prysmian’s Chief Sustainability, Innovation and R&D Officer, noted that Europe remains central to the company’s R&D strategy, with approximately 500 employees contributing to the development of responsible and innovative solutions. Under Prysmian’s “Accelerating Growth” strategy, the company aims for 55% of its revenues to come from sustainable solutions by 2028, with EIB support providing a critical boost toward achieving this target.
