Europacable CEOs meet with EU Commissioner Kadri Simson

“European cable manufacturers are recognised worldwide technology leaders: We have the technologies, the expertise, the people and the capacities. With over €4bn of investments announced in 2023, Europe’s leading cable manufacturers are responding to the increased demand for land and submarine cables to make Europe’s decarbonisation and energy independence ambitions a reality”

This is the message, conveyed by the CEOs of Europacable leading member companies Hellenic Cables, Nexans, NKT, Prysmian Group and Tele-Fonika at a meeting with EU Commissioner for Energy Kadri Simson on 29 May.

Europacable CEOs stressed their commitment to invest more to supply Europe with the cable systems its needs to deploy its decarbonisation plans. To safeguard Europe’s grid technology sovereignty, to ensure a sustainable energy transition “made in Europe for Europe” and to secure their global technology leadership, European cable manufacturers urged EU and national actors to account for:

  • Confirmed demand visibility beyond 2030;
  • Fair market conditions; and
  • Sustainability to be factored in, including in tendering processes and public procurement.

Europe’s leading cable manufacturer’s CEOs praised Mrs Simson for the prominent visibility that the EU Commission and all EU Institutions have placed on electricity networks and grid technologies over the last two years. They urged that these should remain at the centre of the EU policy agenda for the next legislative term. Europacable and their member companies confirmed their determination to work with the new EU Institutions to empower Europe’s sustainable decarbonisation.