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Valerio Battista News

23 Nov 2022

Vard to Build Second Cable Layer for Prysmian Group

(Image: Vard)

VARD, a subsidiary of the Italian shipbuilding group Fincantieri, said it has won a contract worth approximately €200 million ($205.3 million) to design and build a new cable laying vessel for Prysmian Group.Scheduled for delivery in the first quarter of 2025, the new vessel will be similar to Leonardo da Vinci, which was delivered from VARD to Italy-based Prysmian in 2021. Once operational, the new vessel will be dedicated to the execution of important projects such: as Dominion Energy…

29 Dec 2021

Prysmian to Build US Subsea Cable Plant

© Kruwt / Adobe Stock

Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant, to be built in Brayton Point, Mass., is part of two contracts worth a total of almost $900 million that the world's largest cable maker has won in the Unites States on two offshore wind farm projects.Battista said the company would officially…

09 Aug 2021

Prysmian Takes Delivery of High-tech Cable Layer Leonardo da Vinci

(Photo: Prysmian Group)

Energy and telecom cable systems company Prysmian Group announced it has taken delivery of the "unique" and "record-breaking" battery-hybrid cable laying vessel Leonardo da Vinci. “Leonardo da Vinci is the most efficient cable layer in the world and from now onwards it will support the group’s long-term growth in the submarine cable installation business. It will be a game changer in strengthening our leadership in the interconnection and offshore wind farm markets,” stated Valerio Battista…

25 May 2020

Prysmian Targets Half of Sales from Low-Carbon Products by 2022

Cable Enterprise cable laying vessel. Image credit: Prysmian

Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.It said it also aims to reduce energy consumption by 3% in the time period."The energy transition is our core business and main driver of growth," Chief Executive Valerio Battista said in the statement.(Repor