Rio Tinto and Prysmian partner on sustainable supply of materials for the energy transition
October 30 2023 - 9:00AM
Business Wire
Rio Tinto and cable solution provider Prysmian are partnering to
build a more sustainable North American supply chain for materials
needed to expand power grids for the energy transition.
Power generation from renewables in the U.S. is expected to
increase from 21% in 2021 to 44% in 20501, requiring significant
investments in power grids and boosting demand for innovative
materials used in electrification projects.
To help satisfy this increased demand, Rio Tinto and Prysmian
have signed a five-year supply agreement for low-carbon aluminium
made with renewable hydropower from Rio Tinto’s Canadian
operations. This agreement will support Prysmian’s decarbonization
drive towards achieving its objective to be carbon neutral by
2050.
The companies have also signed a joint development agreement to
leverage their technologies, research and development capabilities,
and technical expertise to develop multi-material solutions in
support of North America’s growing electrification demand.
Rio Tinto Vice President of Aluminium Sales Amy Abraham said:
“We are proud to work together with Prysmian to strengthen their
North American supply chain for aluminium produced to the highest
sustainability standards and develop the materials needed to
produce more advanced power cables. These types of products are
critical for the power grid expansion that is needed for the
transition to renewable energy sources and a low carbon
future.”
Prysmian Group North America’s Chief Executive Officer Andrea
Pirondini said: “It is an exciting time to work with Rio Tinto and
source this green aluminium 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. With strategic partners such as Rio
Tinto, Prysmian is committed to achieving net-zero emissions across
our entire value chain by 2050.”
1 U.S. Energy Information Administration, Annual Energy Outlook
2022, https://www.eia.gov/todayinenergy/detail.php?id=51698
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