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Rio Tinto and Prysmian partner on energy transition

Rio Tinto and cable solution provider Prysmian are partnering on sustainable supply of materials for the energy transition.

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

The two companies collaborate 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 US is expected to increase from 21% in 2021 to 44% in 2050, requiring significant investments in power grids and boosting demand for innovative materials used in electrification projects.

Supply agreement for low-carbon aluminium… 

To help satisfy this increased demand, the two companies 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, R&D capabilities and technical expertise to develop multi-material solutions in support of North America’s growing electrification demand.

… to produce more advanced power cables 

Amy Abraham, Rio Tinto vice-president of Aluminium Sales, 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.”

Andrea Pirondini, Prysmian Group North America’s CEo, 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.”

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