Prysmian (48C Self-Disclosed)

Prysmian's qualifying advanced energy project involves equipping and expanding an existing manufacturing facility in Williamsport, Pennsylvania, to facilitate the increased production of advanced transmission conductors utilizing Prysmian's innovative E3X Technology. The facility expansion will enable Prysmian to manufacture larger E3X Conductors more efficiently and quickly, doubling the capacity of E3x coated conductor production and supporting advancements in power transmission. Prysmian's strategy aligns with the main market drivers by developing resilient, high-performing, sustainable, and innovative cable systems for the transmission, power grid, electricity and digital solutions segments.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.