Rio Tinto said that it 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.
To help satisfy an increased demand, Rio Tinto and Prysmian signed a five-year supply agreement for low-carbon aluminium made with renewable hydropower from Rio Tinto’s Canadian operations.
The agreement will support Prysmian’s decarbonization drive toward achieving its objective to be carbon neutral by 2050.
The two companies 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.
“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,” said Rio Tinto Vice President of Aluminium Sales Amy Abraham.
Prysmian Group North America CEO Andrea Pirondini added: “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.”
Source: Rio Tinto