Cenergy expands Hellenic Cables production capacity in Baltimore

Cenergy Holdings has approved the expansion of its Hellenic Cables Americas production facility in Baltimore, Maryland. The expansion involves installing additional cable insulation lines to significantly increase the unit’s initial production capacity for land-based energy cables.

The decision aims to meet rising demand in the United States market driven by power grid modernization, the growth of data centers linked to Artificial Intelligence, increased domestic industrial manufacturing, and general electrification trends. The expansion will target both medium and high-voltage cable applications.

Funding for the project will come from the Group’s own resources, utilizing proceeds from the 2024 Capital Increase which were already allocated for the initial development of the facility. CEO Alexis Alexiou stated that the move reflects the significant opportunities identified in the US energy infrastructure market and establishes Baltimore as a scalable production platform for the company’s American strategy.