Prysmian Group

Those, those companies were really suffering in Catawba County.

Reginald came a couple of weeks ago and helped us celebrate the announcement for Prysmian of a billion-dollar investment in the tiny little town of Claremont, Catawba County.

And so it, we kiddingly suggest that Claremont is an industrial park with a city that's attached to it.

And Prysmian doubles, this announcement by Prysmian doubles the tax base of the town of or the city of Claremont, and or will when it's built up.

And so this prosperity that will be recognized by this next five years' worth of investment in that cluster not only will benefit Claremont, but it will benefit Catawba County, and it will benefit Iredell County, and it will benefit Wilkes and Burke and Lincoln and all of these people that are within a reasonable drive time of this facility.

They'll be trained at facilities at Catawba Valley Community College, and they will take advantage of this cluster that we've tried to encourage over the last 20-some years by trying to help people understand what an asset that is here, the supplier base, the training base, the asset base that we have, the proximity to all of North Carolina and the interstates and the Mid-Atlantic seaboard and all of that.

Not only in installation and the design, but also the manufacturing.

So there's only a limited number of suppliers across these projects who can provide this cable at this voltage.

And not to mention there's 300 odd kilometers if you consider both poles.

So yeah, it's monumental challenge.

But there's, yeah, there's lots of challenges to address to sort of get us there.

And another area that's becoming increasingly important is supply chains.

And Katy, I think you mentioned this a bit earlier about how many suppliers there are involved.

In the current geopolitical climate, disruptions to materials, manufacturing, specialist equipment like subsea cables, it can all have a real impact on delivery timelines and other things I would imagine.

Cut full year revenue as well and talked about currency and weak volumes in Germany, um, and the market didn't take that very well at all.

Prysmian's down 16%, and operationally it's kinda hard to see why.

In July it raised its guidance, EBITDA and free cash flow, and you saw Klarna go down 'cause it posted weak guidance.

Prysmian goes down 'cause it posted strong guidance.

The stock had already run more than 30% since February, so I suppose it's a bit of profit taking.

Um, and analysts were wondering about the kind of acquisition that they've made and whether it shifts them more towards kinda cycl- cyclical electrification stuff, and that's less impressive I guess.

Amazon is preparing to use aluminum produced with Elysis technology in electrical cabling at a data center near Columbus, Ohio, putting a lower carbon material into a part of the facility that rarely gets much attention outside engineering teams.

Prysmian, Rio Tinto, and Amazon say the project represents the first known use of aluminum produced through inert anode smelting in a data center.

Prysmian will manufacture the finished electrical cables at its Sedalia, Missouri facility, while WESCO will support distribution to the project.

The installation is relatively narrow in scope, but the procurement question behind it is much bigger.

As hyperscale data center operators expand cloud and AI infrastructure, emissions tied to construction materials, equipment, and supply chains are becoming harder to separate from corporate decarbonization targets.

Traditional aluminum smelting relies on carbon anodes.

Elysis replaces those consumable carbon anodes with inert anodes, eliminating direct greenhouse gas emissions from the smelting process and producing oxygen instead, according to the companies involved.

The aluminum destined for the Prysmian cables was produced in Quebec using hydropower and includes material manufactured with the Elysis process.

There's other little companies in the weeds.

Uh, uh, was it Prysmian Group in, uh, Italy does a lot of the high-voltage cables.

That's been a popular one, Tyler.

But, uh, I do think just kind of playing the hits here with these pick and shovel makes sense, and those big companies are really good companies.