Prysmian unveils negative-carbon cable as energy tensions roil markets - Mar 24, 2026

As of March 24, today’s news is dominated by Prysmian’s innovative breakthrough in cable technology and ongoing geopolitical tensions impacting global markets. Prysmian has set a world first by creating the first ever negative-carbon-footprint cable, a significant breakthrough to reduce carbon emissions, the company said in a statement. This assessment uses a cradle-to-gate approach, meaning the cable’s sourcing and manufacturing processes remove more carbon emissions than they release, delivering a real positive climate benefit. Prysmian will now begin the industrialization process of the technology using its manufacturing footprint across the world for Power Grid Customers. The technology is patent pending, ensuring Prysmian’s leadership in the development of the most advanced cable technology. Turning to market updates, the ongoing conflict involving Iran continues to cast a shadow over global economic stability. Investors are shifting their focus towards Chinese renewable energy stocks amid rising oil prices linked to the war. The CSI Green Electricity Index has gained traction, reflecting the growing demand for renewable energy solutions as countries pivot towards energy security. In the U.S., stock futures dipped as doubts surrounding Middle East tensions undermined previous market recovery, with renewed fears about inflation complicating the interest rate outlook. From the international front, the war has already begun to impact the global economy, as highlighted by recent business surveys indicating adverse effects in major economies, including the U.S., Europe, and Japan. Rising energy prices are leading to increased inflation expectations and moderated economic activity, prompting central banks to consider tighter monetary policies. In related news, the U.S. Department of Energy plans to initiate pilot surveys to assess the energy consumption of data centers, an important yet opaque segment of the economy, particularly as concerns grow regarding the power demands driven by artificial intelligence technologies. Virginia, along with Texas and Washington State, will be part of the initial survey rollout aimed at gaining clearer insights into the sector's energy usage.