Hellenic Cables and Alcoa strengthen EcoLum® partnership for third consecutive year

Athens, 3 October 2024

Hellenic Cables, the cables segment of Cenergy Holdings, and Alcoa Corporation continue to build on their partnership to advance the use of low carbon EcoLum ® aluminum in wire and cable used in renewable energy infrastructure, marking the third consecutive year of collaboration to enhance sustainability in renewable energy infrastructure and distribution.

Hellenic Cables and Alcoa have worked together since 2022, when the companies launched a collaboration to enhance sustainability in renewable energy infrastructure. The EcoLum® brand is part of Alcoa’s Sustana® family of low-carbon products, the most comprehensive in the aluminum industry, and has a carbon footprint that is approximately 3 times better than the industry average.

Both companies are working hard to provide more sustainable solutions for their customers and share in the belief that power infrastructure needs to be developed sustainably. These shared values have led to the evolution of that initial collaboration into a long-term partnership running beyond 2025. Hellenic Cables has embedded Alcoa’s EcoLum® aluminum into its manufacturing process, producing low-carbon submarine and land cables for wind farms and solar power installations across Europe.

This strategic integration has reduced the embedded carbon emissions of Hellenic Cables’s products and has significantly lowered its value chain emissions (Scope 3), which also enables the company to provide the option to its customers to offer cable products with a significantly lower carbon footprint. Moreover, this partnership aligns seamlessly with the company’s ambitions for greenhouse gas reduction, further supporting global decarbonization efforts.

“Our partnership with Hellenic Cables is impactful because it underpins the strategic role of low-carbon aluminum to deliver clean energy technologies and lower our customers’ and their customers’ carbon footprints,” said Renato Bacchi, Alcoa’s Chief Commercial Officer. “By supplying EcoLum® products to Hellenic Cables, we are helping to build a more sustainable energy infrastructure in enabling low carbon energy to flow around Europe using low carbon materials.”

“Adherence to sustainability principles is core to our strategy, and partnering with Alcoa has been transformative for us,” said Kostas Savvakis, General Manager at Hellenic Cables. “The use of Alcoa’s EcoLum® aluminum has enabled us to offer power cable solutions with a significantly lower carbon footprint, reinforcing our commitment to sustainable manufacturing and environmental stewardship.”

Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina, and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability, and stronger communities wherever we operate. Read more at www.alcoa.com.

With over 70 years of success, Hellenic Cables is a leading provider of cables and turnkey solutions worldwide, servicing the markets of energy transmission and distribution, renewables and offshore wind, telecom and data networks, construction, and industry. Through its fully owned subsidiary Fulgor, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints leveraging top-notch facilities and equipment. Since 2012, Hellenic Cables has executed an EUR 600 million investment plan to upgrade its production sites, transforming them into state-of-the-art facilities. Hellenic Cables represents the cables segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com.

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables. Corinth Pipeworks is a world leader in steel pipe manufacturing for the energy sector and major producer of steel hollow sections for the construction sector. For more information, please visit our website at www.cenergyholdings.com.