EIB-PRYSMIAN: €300 MILLION AGREEMENT TO ACCELERATE ENERGY SECURITY AND DIGITALIZATION IN EUROPE

• First tranche of €200 million signed
• Financing will support Prysmian’s R&D activities to enable the development of innovative, low-emission solutions for more efficient, intelligent, and secure energy and communication networks
• EIB resources are aimed at supporting the activities of Prysmian’s labs in Italy, France, Germany, the Netherlands and Spain
• Agreement is fully aligned with the REPowerEU framework and complements TechEU, the €70 billion investment program launched by the EIB Group to strengthen innovation-driven growth and technological leadership in Europe

Milan, December 1^st, 2025 – The European Investment Bank (EIB) has approved a new €300 million financing package for Prysmian to support its European research and development activities for the 2025–2028 period, accelerating the adoption of new solutions to enable the energy transition and digital transformation. Prysmian and the EIB have signed the first tranche of €200 million.

To foster the development of solutions and support the growing demand for renewable energy, Prysmian will use the resources provided by the EIB to develop high-performance, low-emission solutions to boost the overall performance of energy connections worldwide. These activities will focus on improving the reliability, resilience, and security of power and telecom networks while making a positive contribution to cut carbon emissions. The credit line is structured to support Prysmian’s R&D activities across multiple European countries, with labs located in Italy, France, Germany, the Netherlands, and Spain.
 

Gelsomina Vigliotti, EIB Vice-President, commented: “Innovation is the engine of European competitiveness. By supporting projects that improve network efficiency and sustainability, the EIB reaffirms its commitment to accelerating the energy and digital transition, in line with the objectives of REPowerEU and TechEU.”
 
 

Giovanni Zancan, Prysmian Finance Senior Vice President, stated: “The EIB’s continued support, both for R&D activities and for industrial investments, confirms the Bank’s confidence in Prysmian’s creditworthiness and supports the development of innovative solutions to address the energy transition and digital transformation.”

The agreement is fully aligned with the REPowerEU framework and complements TechEU, the investment program launched by the EIB Group to strengthen innovation growth and technological leadership in Europe. Through TechEU, the EIB Group aims to invest €70 billion in equity, quasi-equity, loans, and guarantees over the 2025–2027 period, with the goal of mobilizing €250 billion in real-economy investments.

Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer at Prysmian, said: “Europe is at the heart of our research and development activities, starting with the Global R&D Center in Milan. The commitment of around 500 employees in European laboratories is constant and enables us to develop innovative, responsible solutions. Our ‘Accelerating Growth’ strategy, sets the target to achieve 55% of revenues from sustainable solutions by 2028, and EIB’s support represents an additional level as we work to deliver this goal.”