Prysmian Group News

 

Prysmian’s New CLVs Get Miros’ Wave Monitoring Tech

Mar 25, 2025

Miros has extended its agreement with Prysmian for the supply of wave monitoring systems, which have been installed on Prysmian Monna Lisa and Prysmian Marco Polo cable laying vessels (CLVs).Both vessels have been fitted with Miros’ WaveSystem and Miros Cloud technology and now benefit from real-time sea state and weather data.This builds upon the successful deployment of the same monitoring systems on Prysmian Leonardo da Vinci vessel in 2021…

Monna Lisa Cable Layer Joins Prysmian’s Fleet

Feb 06, 2025

Monna Lisa cable laying vessel (CLV), built by Norwegian shipbuilder Vard, has joined Prysmian’s fleet.The 171-meter-long CLV has officially joined Prysmian fleet, following the successful completion of sea trials.Monna Lisa will match Prysmian’s Leonardo da Vinci…

Prysmian Drops Plans for US Offshore Wind Cables Factory

Jan 21, 2025

Italy's Prysmian will abandon a plan to build a plant in the United States to make cables for offshore wind parks, the group said in a statement seen by Reuters on Tuesday, even as it expands its overall business in the country.Prysmian, the…

Prysmian Signs $735M Offshore Wind Connections Deal with French TSO

Dec 17, 2024

Italian cable maker and installation services provider Prysmian has signed a framework agreement with the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE), to provide subsea cables for grid connection of two offshore wind farms in France…

TechnipFMC and Prysmian Form Floating Wind Partnership

Nov 04, 2024

TechnipFMC and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.The collaboration agreement brings together the technologies…

Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite

Aug 12, 2024

Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite…

Prysmian Gets $647M Job to Install Australia’s Green Interconnector

Aug 02, 2024

Italian cable maker and installation services provider Prysmian has signed a contract, worth around $647 million (€600 million), to supply and install new interconnector between Victoria and Tasmania that will facilitate the flow of renewable energy between the two Australia’s states…

Prysmian Gets $489M from EIB for European Green Transition Push

Jul 24, 2024

The European Investment Bank (EIB) and Italian cable maker Prysmian have signed a new $488.7 million (€450 million) finance contract to facilitate green electricity transmission and distribution in Europe.With a view to meeting the growing demand…

Prysmian’s Monna Lisa Reaches Norway (Video)

Jul 15, 2024

Prysmian's Monna Lisa vessel, being build by Vard, has reached Norway for final outfitting, installation of main mission equipment and trials, before becoming fully operational in 2025.The 171-meter-long cable laying vessel (CLV) arrived to Norway after travelling 4…

Prysmian Performs Record Deep HVDC Subsea Cable Installation

Jul 08, 2024

Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters.This is an industry record breaking installation…

Prysmian Buys US Wire and Cable Manufacturer

Jul 02, 2024

Italian cable maker Prysmian has completed the acquisition of Encore Wire, strengthening its position in the growing North American market.Prysmian acquired all of the outstanding shares of Encore Wire’s common stock for $290.00 per share, in cash…

Solstad’s Subsea Construction Vessel Gets Long-Term Assignment from Prysmian

Jun 26, 2024

Norwegian offshore vessel owner Solstad Offshore has signed a five-year contract for its subsea construction support vessel (CSV) Normand Ocean with Prysmian Powerlink.With the contract, the vessel will be on a firm contract with Prysmian until 2032…

Vard Launches Prysmian’s Monna Lisa Cable Layer

Jun 11, 2024

Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025.Prysmian executives gathered at the VARD shipyard in Tulcea…

Palfinger to Supply Major Equipment Package for Prysmian’s New Cable Layer

Jun 05, 2024

Palfinger Marine, an Austrian manufacturer of hydraulic lifting, loading, and handling systems for marine applications, has been contracted to supply a major equipment package for a new cable laying vessel, under construction at Vard for Prysmian…

Prysmian Installs Export Cables for Eolmed Floating Wind Farm

May 30, 2024

Italian cable maker and installation services provider Prysmian has completed the installation of export cable for the 30 MW Eolmed floating wind farm, being built offshore France.Prysmian had secured this project in 2021 with a contract signed…

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