Former Massachusetts Coal Plant to Become $200 Million Offshore Wind Manufacturing Hub

Date Published03/08/2022
Author NameMike Hockett
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Prysmian Group
Parent companyPrysmian Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Capital investment ($):200
Country(ies) from which reshored:Italy
City reshored to:Somerset
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredundersea cables
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Manufacturing/engineering joint innovation (R&D), Under-utilized capacity
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