EIB Approves €300M Package to Fuel Prysmian’s Renewable Energy and Digital Infrastructure Innovation

Prysmian will channel this funding into developing high-performance, low-emission technologies aimed at enhancing the reliability, resilience, and security of both power and telecommunications networks.

The European Investment Bank (EIB) has approved a €300 million financing package to support Prysmian’s research and development efforts across Europe for 2025–2028. The first tranche of €200 million has already been signed, paving the way for a broad acceleration of new solutions essential to the energy transition and digital transformation.

Prysmian will channel this funding into developing high-performance, low-emission technologies aimed at enhancing the reliability, resilience, and security of both power and telecommunications networks. The goal is to meet rapidly increasing demand for renewable energy infrastructure and robust digital connectivity, while contributing significantly to carbon emissions reduction.

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Pan-European R&D with Global Impact

The financing supports R&D work across multiple European countries, with laboratories located in Italy, France, Germany, the Netherlands, and Spain. These centers will focus on innovations that strengthen infrastructure in rapidly evolving energy and digital sectors.

According to Gelsomina Vigliotti, EIB Vice-President, “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 flagship European policies like REPowerEU and TechEU.

For Prysmian, the funding is a strong endorsement of its strategy. Giovanni Zancan, Prysmian Finance Senior Vice President, remarked that the bank’s support underlines confidence in Prysmian’s stability and vision for long-term industrial investment and innovation.

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Meeting Sustainability Goals with Smart Infrastructure

At the heart of Prysmian’s ambition is an aim to increase the share of sustainable solutions revenue to 55% by 2028. According to Srinivas Siripurapu, Prysmian’s Chief of Sustainability, Innovation and R&D, the company’s European research workforce — around 500 scientists and engineers — will play a central role in delivering on this target through the so-called “Accelerating Growth” strategy.

Key areas of focus include:

• Advanced cabling and connectivity solutions for renewable energy systems (wind, solar, hydro)

• Power-transmission and distribution technologies optimized for lower energy losses and higher efficiency

• Next-generation telecommunications infrastructure to support broadband, data centres, and smart-grid communications

• Solutions to reinforce grid resilience against climate-related and operational risks

• Energy-efficient components and materials designed to cut greenhouse gas emissions across the infrastructure lifecycle

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Strategic Fit with European Green and Digital Policy

The agreement is fully aligned with the REPowerEU framework, the EU’s strategic plan to accelerate the energy transition, reduce dependency on fossil fuels, and enhance energy security. It also complements TechEU, the EIB Group’s program targeting innovation-led growth, which plans to invest €70 billion in equity, quasi-equity, loans and guarantees between 2025 and 2027 — with a goal of mobilizing €250 billion in real-economy investments.

With the EIB backing Prysmian’s R&D and industrial expansion, the move signals Europe’s commitment to technological sovereignty, climate targets, and strengthening high-value sectors that combine sustainability with competitiveness.