Enterprise DNA
Getting connected to the grid Supplier to the AI builders

Prysmian

Makes power cables and optical fibre cables that link new power plants and data centres.

Revenue
Q2 2026 revenue of EUR 6.02B (quarter to 30 June 2026)
Growth
Digital Solutions (including optical cables) up 18% organically in Q2 2026. Full-year EBITDA guidance raised to EUR 2.8B to 2.9B
Based in
Milan, Italy
Founded
1879
Listed
Public (PRY)
Why it is winning

It reports more than EUR 10B of cumulative optical data centre revenue, including a 10-year deal with Molex.

The risk to watch

Data centre cable revenue is not reported on its own, so the exposure is an estimate.

Money coming in

Who pays Prysmian, and for what.

No customers of Prysmian mapped yet.

Money going out

Who Prysmian pays to do what it does.

No suppliers of Prysmian mapped yet.

Where it sits on the map

Competitors and neighbours

Emerald AI
Supplier

Software that slows down AI computing when the grid is stressed, so data centres can connect sooner.

$150M at a $1.05B valuation (Aug 2026). Nvidia, Siemens and GE Vernova invested

Open profile
Intersect Power

Builds data centres next to its own power supply so they do not wait for the grid.

Bought by Alphabet for $4.75B (closed Mar 2026)

Open profile
Eaton
ETN Supplier

Makes switchgear, transformers and power distribution equipment that sit between the grid and the server hall.

Record revenue of $8.5B in Q2 2026 (quarter to 30 June 2026)

Open profile
GE Vernova
GEV Supplier

Makes gas turbines and grid equipment that power new data centres and utilities.

$176B order backlog. Data centre orders over $5B in the first half of 2026

Open profile
Quanta Services
PWR Supplier

Builds the transmission lines, substations and power connections that bring new electricity to data centres.

Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)

Open profile
Schneider Electric
SU Supplier

Makes power, cooling and control equipment for data centres and grids.

H1 2026 revenue of EUR 21.2B (six months to June 2026)

Open profile
Siemens Energy
ENR Supplier

Makes gas turbines, grid equipment and transformers that power data centres and utilities.

Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)

Open profile
Heron Power
Supplier

Makes solid-state transformers, a faster-to-build alternative to the traditional iron-core kind.

$140M Series B led by a16z and Breakthrough Energy (Feb 2026)

Open profile
Nira Energy
Supplier

Software that shows developers where the grid has spare capacity to connect new loads.

Reportedly profitable with 100+ developer customers

Open profile

Sources: prysmian.com

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241 companies across 25 areas, 62 money flows and 89 openings so far. New research lands every Tuesday, Thursday and Saturday.

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