Hellenic Cables  has acquired property along the Patapsco River where it plans to establish a manufacturing facility to support power transmission and offshore wind efforts.

The company is one of the largest cable producers in Europe, manufacturing power and telecom cables, as well as submarine cables for industries including offshore wind and utilities. Earlier this spring, Hellenic Cables received a federal Qualifying Advanced Energy Project tax credit to support its new Baltimore City facility.

Hellenic estimates hiring approximately 200 people in trades related positions during construction, as well as creating an estimated 120 new manufacturing jobs when the factory is fully operational toward the end of 2026.

"By working together, we will create new jobs, make Maryland more competitive, and provide fresh pathways to work, wages, and wealth for more Baltimoreans,” said Governor Wes Moore.

The announcement builds on Maryland’s commitment to renewable energy efforts and environmental sustainability across the state.

Read the full announcement