The Prysmian Group has signed an agreement worth approximately $952.8 million with Clean Path New York to provide submarine and land power cable systems for one of the largest transmission infrastructure projects in the United States.
A press release said that Clean Path New York is an $11 billion renewable energy project comprising 3,800 MW of wind and solar power from more than 20 new wind and solar generation resources and a new 175-mile, underground and submarine transmission link. These assets will be able to deliver more than 7.5 million megawatt-hours of emissions-free energy every year—enough to power more than 1.5 million New York households.
Clean Path New York is a public-private collaboration between Invenergy, energyRe, and the New York Power Authority. The Prysmian Group will be responsible for the design, manufacture, construction, installation, and commissioning of Clean Path New York’s high-voltage DC current) 400 KV single core cable system with XLPE insulation, conditional upon Clean Path New York issuing its notice to proceed in Spring 2024.
“We are proud to support Clean Path New York in meeting New York State’s ambitious climate goals to be 70% carbon-free by 2030,” said Hakan Ozmen, EVP Projects BU, Prysmian Group. “Clean Path New York is one of the largest transmission infrastructure projects to be executed in New York State and is one the first 400 kV HVDC interconnectors to be built by Prysmian around the world. This agreement reinforces Prysmian Group’s leading position in the submarine and land cable market and underlines both our continued role in and our commitment to the North American energy transition.”
Supporting the company's intent to be a leader in sustainability, Southwire has joined the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Program.
ENERGY STAR® is a well-recognized and respected voluntary program managed by the U.S. EPA, supported by U.S. Department of Education (DOE) and Natural Resources Canada, that is focused on improving energy efficiency in buildings, plants and homes.
“We’re excited to partner with ENERGY STAR, a brand that is well-recognized for energy efficiency in many of the things we use every day, like some of our Topaz® lights,” said Norman Adkins, Southwire’s Chief Operating Officer (COO). “Through its resources and collaboration with other companies who share the same commitment to proving energy efficiency, ENERGY STAR helps its partners in the industrial space. As a part of this partnership, we plan to improve energy efficiency at a faster pace throughout our company operations.”
In support of the company’s Growing Green initiative, Southwire aims to reduce its environmental footprint and maintains a deep commitment to responsible growth and actively integrating environmental priorities into its core operations.
In July 2020, Southwire announced its Carbon Zero goal to eliminate or offset all of the company’s Scope 1 – associated with fuel combustion – and Scope 2 – associated with electricity consumption – greenhouse gas emissions by 2025.
As part of the program, Southwire will continue its commitment to protect the environment through the continuous improvement of its energy performance.
“At Southwire, our vision is to make our company sustainable for the next 100 years and beyond, and our partnership with ENERGY STAR is a testament to those efforts,” said Burt Fealing, Executive Vice President and Chief Sustainability Officer. “Southwire maintains a deep commitment to responsible growth and actively integrating environmental priorities into our core operations, and we look forward to creating a more sustainable planet through our partnership with ENERGY STAR.”
“By making a commitment to improved energy efficiency, Southwire is on the way to enhancing its bottom line while protecting our environment,” said Cindy Jacobs, Chief of EPA’s ENERGY STAR Commercial and Industrial Branch.
Earlier this year, the Prysmian Group announced the launch at global level of a new Parental Policy, consisting of concrete measures to support new parents for optimal management of their work-life balance in the new chapter of their lives.
The main features of the new global Parental Policy include the raising of the minimum parental leave for mothers and for primary caregivers from 12 to 16 weeks at full salary, and the introduction of a two-week minimum standard parental leave for fathers and secondary caregivers at full salary. To support parenthood, Prysmian is committed to providing in all countries in which it operates a new child benefit (also called “baby bonus”) as a family support measure granted and disbursed to new parents — whether biological or adoptive, members of a couple or single parents — for each child.
Moreover, Prysmian will reinforce the “Leave and Back to Work Programme”— a support programme for all mothers and for primary caregivers that begins as they approach parental leave and extends into their first few months back at work, so as to guarantee a gradual and successful return. Each new mother will be supported through a dedicated training, mentoring, and counselling programme.
Through this new Parental Policy, Prysmian Group aims to set a minimum global standard, focusing on aspects such as wellbeing and inclusion in all the countries where it operates, thus allowing its employees to enjoy the same opportunities and minimum benefits. The policy is highly appreciated by people throughout the Group, particularly in the United States where Prysmian has a strategic footprint and operates with more than 6,000 employees.
“Prysmian Group has always focused closely on Diversity, Equity, and Inclusion, in order to ensure a correct work-life balance for all its employees. In keeping with this approach, Prysmian Group is committed to supporting new parents, recognising the great value of parenthood,” stated Fabrizio Rutschmann, Chief HR Officer at Prysmian Group. “Our aim is to make all of our employees feel free to have children and consider this option as an extraordinary opportunity. To this end, we provide concrete help to all those who want to become parents. This is also aimed to support the birth rate, as it has reached record low levels in in many countries where Prysmian operates”.
AZ Wire & Cable, a U.S. master distributor for industrial, commercial and specialty wire and cable, was acquired in October by investment group MFG Partners (MFG).
A press release said that MFG “has completed a strategic investment in AZ (Wire & Cable), which is based in Northbrook, Illinois, and has additional locations in New York, North Carolina, Texas, Colorado, Arizona, Florida and Oregon. As part of the transaction, Executive Vice Presidents Darren, Todd and Eric Anixter have retained significant equity ownership in the business, and will continue to run the day-to-day operations of the business.
“We believe that partnering with MFG, given their expertise and experience investing in middle market industrial companies, is an investment in growth and we are excited for the future,” said Todd Anixter.
Italy’s Acciaierie Venete has chosen Danieli to supply a new wire rod production line to expand capacity at its plant in Sarezzo (Brescia).
A press release said that, fed by the existing Danieli rolling mill that produces straight and coiled quality bars, the new wire rod line will produce special steel smooth rounds from 5.5 to 25 mm, at speeds up to 110 m/s, expanding the company product portfolio.
The mill will start operation in early 2025. It will have three fast-finishing blocks to perform a total of 18 passes. It will include a TMB Twin-Module Block that will guarantee holding a ± 0.1 mm tolerance and 50% ovality to the whole range of products. Danieli Automation’s Hi-Profile Lite gauge measurement system will provide real-time feedback on the rolling operations and certify the quality of the final product, while motorized remote control of the rings will allow prompt adjustments during rolling. A Danieli-patented, high-speed shear will ensure accurate, consistent head-and-tail in-line trimming.