The market for electricity cable is surging as the global appetite for power soars. The shift away from fossil fuels is transforming the industry as policy makers and the private sector accelerate the transition to renewable power, requiring long-distance, high voltage cable lines to expand grid transmission and supply to meet exploding demand from businesses and consumers.  On top of this, the data boom is fuelling major and complex enhancement of telecom and digital infrastructure, creating additional need for increasingly specialised and smarter cable solutions.

This is a time rich with opportunity for the cable market, but can it keep pace with demand?  The European Commission estimates that €584bn needs to be invested in Europe’s grid by 2030, with the International Energy Agency suggesting that US$750bn per year needs to be spent to simply upgrade grids by 2030, to meet global decarbonisation goals.  As pressure grows on governments and businesses to spend to keep the 1.5c target alive, what steps need to be taken to strengthen electricity cable infrastructure and supply chains? What levels of funding are required to ensure projects are future proofed, and what role can cable market leaders play in fostering innovation to extend cable manufacturing and supply capacity?

The Financial Times hosted this webinar in partnership with Prysmian to explore the key role of cable in enabling the energy transition and digital transformation, and the critical steps that need to be taken by suppliers, businesses, and the authorities to keep pace with demand in an already constrained market.

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