EIB and Prysmian: Transforming Europe's Energy and Digital Future
EIB partners with Prysmian for a €300 million push towards Europe's energy security and digitalization.
Europe takes a significant step forward in securing its energy future and embracing digital revolution with a monumental €300 million agreement between the European Investment Bank (EIB) and Prysmian. This partnership aims to bolster Europe’s journey towards an innovative and sustainable future by enhancing the continent’s energy security and advancing digitalization. This historic move, announced on December 1, 2025, is strategically aligned with major European objectives, such as REPowerEU and TechEU.
Unveiling the Ambitious €300 Million Project
The collaboration’s first step features the approval of a €200 million tranche as part of the overall €300 million financing package. According to European Business Magazine, this financial injection will accelerate Prysmian’s research and development endeavors aimed at creating high-performance and low-emission energy solutions. These initiatives align firmly with Europe’s demand for renewable energy, focusing on reliability, resilience, and the security of power and telecom networks.
Empowering Innovation Through Strategic Locations
In a well-structured approach to energy transformation, Prysmian’s R&D activities will span across key locations in Italy, France, Germany, the Netherlands, and Spain. By innovating high-performance solutions and reducing carbon footprints, Prysmian and EIB endeavor to contribute positively to the global energy landscape. The geographical diversity of the research centers underscores the project’s comprehensive and inclusive nature.
A Testament to European Competitiveness
EIB Vice-President Gelsomina Vigliotti reinforces the role of innovation as the bedrock of European competitiveness. She highlights how this project aligns with broader EU strategic frameworks, reinforcing the collaborative commitment to the energy and digital transitions. Concurrently, Prysmian Finance Senior Vice President Giovanni Zancan acknowledges EIB’s unwavering support for Prysmian’s industrial investments and R&D activities, validating Prysmian’s strong creditworthiness.
Sustainable Solutions at the Core
Prysmian’s Chief Sustainability, Innovation, and R&D Officer, Srinivas Siripurapu, emphasizes that Europe, particularly Milan’s Global R&D Center, remains central to Prysmian’s sustainable research initiatives. The company’s “Accelerating Growth” strategy targets 55% revenue generation from sustainable solutions by 2028—a goal significantly bolstered by EIB’s support.
Aligning with TechEU’s Vision
The partnership complements the TechEU investment program, with EIB Group looking to invest €70 billion over 2025–2027 to catalyze €250 billion in real-economy investments. This alignment is a testament to Europe’s strategic intent to foster innovation growth and technological leadership worldwide.
This landmark agreement, thus, not only reflects a robust financial collaboration but signifies a hopeful stride towards a secure, digitally-empowered, and sustainable European future.
