Prysmian and Rio Tinto Sustainability Partnership

Prysmian and Rio Tinto Sustainability Partnership

Partnering for a Sustainable Future: The Prysmian and Rio Tinto Partnership

Learn more about the Partnership

OVERVIEW

Powering the Grid with Innovation & Sustainability

The shift from fossil fuel-based energy to more sustainable sources is driving the global energy transition. Renewable power generation in the U.S. is expected to increase from 21% in 2021 to 44% in 2050, requiring significant power grid investments and boosting demand for innovative materials used in electrification projects.

 

Prysmian helps grid operators, utilities, industrial companies, and installers transmit and distribute the energy that powers our world. But what sets us apart is our unparalleled manufacturing and installation expertise and our unwavering commitment to research & development. We specialize in designing, producing, and installing high-, medium-, and low-voltage underground cable systems. We also offer network components, value-added engineering, and asset monitoring solutions and services.

 

Prysmian is leaning into these industry megatrends and opportunities as a global cable solution provider by:

 

  • Supporting innovative power grid upgrades 
  • Promoting grid resilience and sustainability
  • Fostering long-lasting customer and supplier relationships

Prysmian and Rio Tinto's innovative partnership is helping build a more sustainable supply chain for materials needed to expand power grids for the energy transition. 

 

We are united in our climate change ambitions, driven by sustainability and innovation. With similar goals to reduce Scope 1 and 2 emissions and reach net zero by 2050, this partnership is a testament to our dedication to a greener future. 

 

In 2023, Rio Tinto and Prysmian signed a five-year supply agreement for low-carbon aluminum made with renewable hydropower from Rio Tinto's Canadian operations. This agreement will support Prymian's decarbonization efforts toward achieving carbon neutrality by 2050. 

 

We also have a joint development agreement to leverage our technologies, R&D capabilities, and technical expertise to develop multi-material solutions supporting North America's growing electrification demand. 

 

This partnership brings our teams together around innovative solutions and projects like recycling initiatives, product circularity, traceability and transparency. Together, Prysmian and Rio Tinto are working to build a more sustainable supply chain for the materials needed to meet this growing energy demand.

Prysmian and Rio Tinto's joint development agreement responds to the urgent and growing demand for electrification in North America. We're leveraging technologies, research and development capabilities, and technical expertise to develop multi-material solutions that will be crucial in meeting this demand.

 

Our partnership is deeply committed to sustainability. We're working on innovative solutions and projects such as recycling initiatives, product circularity, traceability, and transparency. This commitment reassures us that we're building a more sustainable North American supply chain for the materials needed to meet this growing energy demand.

It is an exciting time to work with Rio Tinto and source this low-carbon aluminum that will guide us towards a more sustainable value chain for cable production. At Prysmian, we prioritize collaboration with our customers and suppliers as we steer North America towards a greener future, leading in the sustainable energy transition.

Andrea Pirondini

CEO, Prysmian North America