Clean Path NY Announces Agreement with Prysmian Group for State-of-the-Art Transmission Cable System

NEW YORK (October 30, 2023)—Clean Path New York (Clean Path NY) today announced an agreement with Prysmian Group to provide land and submarine cable systems for one of the largest transmission infrastructure projects in the United States.

Clean Path NY is an $11 billion renewable energy project comprising 3,800 MW of wind and solar power from more than 20 new wind and solar generation resources and a new 175-mile, underground and submarine transmission link. Together, these assets will enable the delivery of more than 7.5 million megawatt-hours of emissions-free energy every year—enough to power more than 1.5 million New York households. Clean Path NY is a public-private collaboration between Invenergy, energyRe, and the New York Power Authority.

“Through this agreement with Prysmian, Clean Path NY is securing technology to deliver electricity New Yorkers can count on,” said Shashank Sane, Executive Vice President of Transmission at Invenergy and Glenn Goldstein, President of Clean Path New York for energyRe. “High-voltage direct current transmission can reshape our country’s power grid by providing unmatched reliability and resilience. Despite industry headwinds, this agreement represents progress toward New York’s climate and sustainability goals.”

Under the terms of the agreement, Prysmian Group will be responsible for the design, manufacture, construction, installation, and commissioning of Clean Path NY’s state-of-the-art HVDC (high-voltage direct current) cable system, conditional upon Clean Path NY issuing its notice to proceed in Spring 2024. HVDC technology is the most efficient means of securely transmitting energy over long distances. Prysmian’s successful track record in the United States includes several major interconnection projects across the country.

“We are proud to support Clean Path NY in advancing New York State’s ambitious climate goals to be 70% carbon-free by 2030,” said Hakan Ozmen, EVP Projects BU, Prysmian Group. “Clean Path NY is one of the largest transmission infrastructure projects to be executed in New York State and is one the first 400 kV HVDC interconnectors to be built by Prysmian around the world. This agreement reinforces Prysmian Group’s leading position in the submarine and land cable market and underlines both our continued role in and our commitment to the North American clean energy transition.”

Clean Path NY will deliver significant public health benefits, particularly to historically underserved and frontline communities. Upon completion, Clean Path NY will reduce fossil fuel-fired generation from New York’s electric grid by more than 20% annually, leading to a corresponding 20% annual reduction in harmful pollutants--including NOx, SOx, and particulate matter emissions. Clean Path NY will also prevent 49 million tons of CO2 emissions by 2040—the equivalent of 9 million cars taken off the road. Clean Path NY is expected to catalyze more than $4 billion of in-state economic development and is estimated to create more than 8,300 good-paying in-state jobs.

New York State selected Clean Path NY as a response to the New York State Energy Research Development and Authority's (NYSERDA) Tier 4 renewable energy solicitation issued in January 2021, seeking projects to cost-effectively and responsibly deliver renewable energy to New York’s Zone J, an area of the state that relies on aging fossil fuel-fired generation. Clean Path NY’s agreement with NYSERDA was signed in November 2021 and approved by the State Public Service Commission in April 2022. In October 2022, Clean Path NY filed for its Article VII permit, which includes a full review of the need for the project and any environmental impacts of the siting, design, construction and operation of major transmission facilities in New York State. Pending all required permits and approvals, Clean Path NY is expected to begin construction in 2024.

Clean Path NY is critical to advancing New York State’s Climate Leadership and Community Protection Act, which mandates a zero-emission electricity sector by 2040, 70 percent renewable energy generation by 2030, and economy-wide carbon neutrality. These legally-binding goals cannot be achieved without first resolving the ‘Tale of Two Grids’—the inability of New York’s power system to move clean energy generated upstate to serve fossil-fuel dependent downstate regions, due to lack of sufficient transmission. Clean Path NY will help to solve this challenge by modernizing and unifying New York’s electric grid, connecting communities across the state to clean energy from Clean Path NY and other sources of renewable energy, and increasingly transitioning New York away from fossil fuels through a more resilient and reliable electrical grid.

About Invenergy

Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation, transmission and storage facilities in the Americas, Europe, and Asia. Invenergy's home office is located in Chicago, and it has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.

Invenergy and its affiliated companies have successfully developed more than 30,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects. Learn about Invenergy at Invenergy.com

About energyRe

energyRe is igniting America’s clean energy future. We bring together 100% sustainable energy innovation, trusted expertise, and community-centered partnership to deliver powerful results. With unmatched experience in transmission, onshore renewables, offshore wind, energy storage and distributed generation, we make clean, reliable and resilient energy possible. energyRe has offices in New York, Houston, Indianapolis, and Charleston. Learn more about energyRe at www.energyre.com.

About NYPA

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA owns and operates approximately one third of New York’s high voltage power lines. These lines transmit power from NYPA’s three large hydroelectric generation facilities and independent wind power generation facilities, connecting nearly 7,000 megawatts of renewable energy to New York State’s power grid. This includes connecting more than 6,300 megawatts of hydroelectric power and about 700 megawatts, or more than a third, of New York State generated wind energy to the grid. NYPA finances its operations with revenues earned in large part through sales of electricity and by the sale of bonds. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Tumblr and LinkedIn.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems industry. With over 150 years of experience, sales of over €16 billion, about 30,000 employees in over 50 countries and 108 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.