Politecnico di Torino and Italgas together for the development of the latest energy technologies

A partnership on transversal themes of research, innovation and higher education

Turin 30 July 2020 – Develop joint research, innovation and training activities to support energy transition, sustainable mobility, circular economy. These are the objectives of the partnership signed today between Politecnico di Torino and Italgas, a leading company in Italy and third in Europe in the natural gas distribution sector, founded almost two centuries ago in the Piedmontese capital.

On the one hand research, development and innovation, on the other hand  education , advanced training and lifelonglearning.

The University and the Company will collaborate on research projects ranging from more general issues – such as digital innovation, sustainable mobility, optimization of energy consumption, efficiency of networks and recovery of resources – to more specific actions aimed at the development of innovative technologies for the inclusion of renewable gas in existing networks, the development of “power to gas” systems for the recovery of surplus energy production, to the creation of an advanced gas smart meter for “intelligent” networks.

Politecnico and Italgas will also work on different training fronts, where collaboration will be an opportunity for exchange and active interaction between teachers, researchers, students and the company with joint projects aimed at developing university masters, courses for recent graduates, events and dissemination activities through national and international networks. Italgas will also provide lecturers and researchers with the spaces and skills of its Digital Factory, the real engine of the digital transformation of the Company’s assets and processes.

“The collaboration with a company of Turin origin such as Italgas on wide-ranging and strategically important issues such as energy is also a great pleasure for us to reaffirm that our city can contribute significantly to the growth of the country,” comments the Rector of the Politecnico Guido Saracco.

For Italgas – explained the CEO, Paolo Gallo – technological innovation and digitisation are a top priority and a lever for growth. In this context, the collaboration with an University of excellence such as the Politecnico di Torino is a great opportunity that comes true. We are thrilled to be able to work together on research and training projects of great strategic importance not only for our Company but for the whole country, which will benefit from the results we will achieve, and at the same time contribute to the training of future talents“.

Methane arrives in Sardinia: in Alghero in operation the section of the network serving Petraia

Next Monday the official activation of the conversion to methane gas of the networks of 36 municipalities in Basins 7, 9 and 22

Alghero (Sassari), 29 July 2020 – Methane in Sardinia is finally a reality. The first natural gas will in fact be distributed on the island from Monday, August 3 in Alghero, with the commissioning of the network part of Petraia, the area close to the seafront in via Lido.

At the same time, with the sending of the communications to the administrations involved, technical activities for the conversion to methane of the distribution networks of the 36 municipalities in Basins 7, 9 and 22 currently fed with LPG also began. The conversion plan foresees the completion of activities between 2020 and the first half of 2021, preferring periods of the year when the climate is still sufficiently mild.

“The beginning of the distribution of methane in Sardinia – commented Italgas CEO Paolo Gallo – is a historic moment for the island, its communities and the whole of Italy. And I am proud that it is Italgas, the company that with its almost two centuries of history has always accompanied the development of the country. Sardinia is the most effective example of our ability to innovate and make investments in the short term. We have completed 65% of the 1,100 kilometres of the total network and – after Alghero – an increasing number of people will be able to take advantage of the important benefits that methane guarantees, starting with savings in bills of up to 30%. In fact, in recent months in the basins where we operate we have already collected more than 35,000 requests for connections, demonstrating a constantly growing demand and a sign of a need that we want to satisfy in a short time”.

The section affected by the first commissioning, which will be carried out by tanker wagon, extends for more than 6.5 kilometres, along which more than 250 preparations have already been made for the same number of connection requests signed.

 

Alghero is part, together with Olmedo, of Basin 6 for which 97 kilometres of network are planned, 63 of which have already been built in accordance with Italgas’ plans to build “native digital” networks on the island, i.e. equipped with integrated sensors, remote control and proprietary applications developed in the Italgas Digital Factory, as well as preparation for the installation of optical fibre to serve Italgas networks and telecommunications operators.

As far as LPG to methane covers are concerned, the operational plan foresees the completion of the activities by 2020 for the Municipalities of Putifigari (Basin 7), Berchidda, Ittireddu, Tula, Ozieri (Basin 9), Cardedu, Esclalaplano, Urzulei (Basin 22); in the first half of 2021 in the remaining municipalities of Basins 7 (Cargeghe, Ittiri, Muros, Ossi, Tissi, Uri, Usini) and 22 (Arzana, Bari Sardo, Baunei, Elini, Gairo, Girasole, Ilbono), Lanusei, Loceri, Lotzorai, Osini, Perdasdefogu, Seui, Telana, Tertenia, Tortolì, Triei, Ulassai, Ussassai, Villagrande Strisaili) with extension also to the municipality of Pattada (Basin 10).

In all Municipalities, the activities will be preceded by public meetings to explain to residents how the work will be carried out, what to do to activate the supply of natural gas, provide all the information for a better use of the service.

Through Medea, the Group’s distribution company, Italgas is present in 17 of the 38 basins into which Sardinia is divided, including the main capitals. Italgas began operating on the island in 2017 through the acquisition of several operators and concessions. As part of an investment plan from 500 million euros to 2025, the company has planned the construction of about 1,100 kilometers of “native digital pipelines. The works are in an advanced state in all the concession areas, for a total of over 680 kilometres of network laid. An intervention which, in addition to the future benefits associated with the use of an economic and sustainable energy source such as natural gas for businesses and individuals, has already contributed to the creation of over 600 new jobs.

Conference Call: 2020 First Half Results

Italgas Top Management presents 2020 First Half Results.

Conference Call for the presentation of results to the community will be on Monday, July 27th 2020 at 5:00pm CEST.

Click on the following link to watch the presentation live:

WATCH LIVE

 

Italgas: Approvati i risultati consolidati al 30 Giugno 2020

Milano, 27 luglio 2020 – Il Consiglio di Amministrazione di Italgas, riunitosi oggi sotto la presidenza di Alberto Dell’Acqua, ha approvato i risultati consolidati del primo semestre 2020.

Principali dati

Highlight economici e finanziari consolidati:

  • Ricavi totali: 646,8 milioni di euro (+6,1%)
  • Margine Operativo Lordo (EBITDA): 462,7 milioni di euro (+6,6%)
  • Utile netto: 153,4 milioni di euro (-7,7%)
  • Investimenti tecnici: 369,5 milioni di euro (+16,3%)
  • Flusso di cassa da attività operativa: 388,8 milioni di euro
  • Indebitamento finanziario netto: 4.625,8 milioni di euro

Highlight operativi comprensivi delle società partecipate:

  • Comuni in concessione per il servizio di distribuzione gas: n. 1.886
  • Numero di contatori attivi: 7,7 milioni
  • Rete di distribuzione gas: circa 73.000 Km

Le performance registrate da Italgas del primo semestre 2020 dimostrano la capacità della Società di continuare a generare solidi risultati economico-finanziari grazie alle azioni di efficientamento e di innovazione digitale intraprese negli ultimi anni, che hanno consentito di mitigare gli impatti della Delibera 570/2019/R/gas relativa alla regolazione tariffaria dei servizi di distribuzione e misura del gas per il periodo 2020-2025, di assorbire gli effetti negativi della pandemia, nonché di garantire la sicurezza e la continuità del servizio durante il periodo di lockdown.

I 369,5 milioni di euro di investimenti realizzati nel periodo (+16,3% rispetto al primo semestre 2019) sono stati dedicati allo sviluppo e al rinnovamento delle reti e alla trasformazione digitale.

Nel corso del primo semestre 2020 sono stati posati circa 486 km di nuove condotte contro i circa 379 km del corrispondente periodo del 2019. In Sardegna l’attività di costruzione delle reti di distribuzione è proseguita con la posa di circa 216 km di nuove reti superando i 680 km complessivi su un totale da realizzare di circa 1.100 km.

Nonostante le difficoltà derivanti dall’emergenza sanitaria, il piano di sostituzione dei contatori tradizionali è proseguito con l’installazione, considerate anche le società partecipate, di 0,6 milioni di smart meter, portando a circa 7,1 milioni il numero complessivo di contatori intelligenti installati alla fine del primo semestre 2020. Il piano, che si prevede di terminare nel 2020, è parte del più ampio progetto di trasformazione digitale dell’intero network gestito e ad oggi ha portato già all’upgrade tecnologico di oltre 400 reti di distribuzione.

I fabbisogni connessi agli investimenti netti del primo semestre 2020 sono stati integralmente coperti dal positivo flusso di cassa da attività operativa, pari a 388,8 milioni di euro.

La posizione finanziaria netta al 30 giugno 2020 è pari a 4.625,8 milioni di euro (4.410,6 milioni di euro al 31 dicembre 2019), al netto dei debiti finanziari ex IFRS 16 pari a 75,5 milioni euro (74,7 milioni di euro al 31 dicembre 2019).

L’EBITDA del primo semestre 2020 ammonta a 462,7 milioni di euro (+6,6% rispetto al 30 giugno 2019) e l’utile netto è pari a 153,4 milioni di euro.

 

Paolo Gallo, Amministratore Delegato di Italgas, ha così commentato:

Le performance del primo semestre 2020 dimostrano la capacità di Italgas di reagire di fronte a situazioni eccezionali – come quelle che stiamo vivendo a causa del Covid-19 – continuando a produrre solidi risultati. Nonostante la nuova regolazione tariffaria in vigore dal 1° gennaio, abbiamo conseguito un EBITDA di 462,7 milioni, in crescita di quasi il 7% rispetto allo scorso anno, e un utile netto di Gruppo di 153,4 milioni, la cui leggera flessione rispetto allo stesso periodo del 2019 è attribuibile ai pesanti effetti economici della nuova regolazione mitigati da tutte le azioni messe in campo dalla Società.

I nostri investimenti si confermano in crescita attestandosi attorno ai 370 milioni di euro, la gran parte dei quali concentrati sulla trasformazione digitale e sul continuo sviluppo e rinnovamento delle reti. Grazie alla trasformazione digitale realizzata negli ultimi tre anni ed al grande impegno delle nostre persone, abbiamo garantito la sicurezza e la continuità del servizio durante il lungo lockdown e siamo riusciti a far ripartire rapidamente i nostri cantieri a inizio maggio. Una ripartenza resa possibile dalle tecnologie proprietarie, sviluppate e realizzate in house nella nostra Digital Factory, come «WorkOnSite», l’applicazione che grazie all’intelligenza artificiale e all’operatività da remoto ha reso estremamente efficiente il processo di verifica della conformità dei cantieri e dei lavori. 

Completato il 65% dei 1.100 chilometri di reti del piano di metanizzazione della Sardegna, ci prepariamo a mettere in esercizio alcune di esse, con immediati benefici per l’economia e la popolazione locale; benefici sostenibili nel tempo che richiedono però, anche una chiara regolazione dell’intera filiera del gas e l’applicazione della perequazione tariffaria analogamente a quanto avviene nel resto dell’Italia.

Sul fronte delle gare Atem auspichiamo una grande accelerazione, per sbloccare, nel nostro settore, nuovi investimenti di oltre 3 miliardi l’anno, vitali per la ripartenza del Paese. Nell’attesa raccogliamo i frutti del lavoro svolto con l’assegnazione a Italgas anche dell’Atem Belluno e ci prepariamo ad avviare nei prossimi mesi – su questo e su gli altri Atem che ci sono stati assegnati – tutti gli investimenti da noi pianificati.

Innovazione tecnologica, digitalizzazione, efficienza, investimenti e vicinanza alle comunità caratterizzeranno ancor di più Italgas nei prossimi mesi.

Italgas: Consolidated results as at 30 June 2020 approved

Milan, 27 July 2020 – Italgas’ Board of Directors, chaired by Alberto Dell’Acqua, met today and approved the consolidated results for the first half of 2020.

Key figures

Consolidated economic and financial highlights:

  • Total revenues: 646.8 million euros (+6.1%)
  • Gross operating margin (EBITDA): 462.7 million euros (+6.6%)
  • Net profit: 153.4 million euros (-7.7%)
  • Technical investments: 369.5 million euros (+16.3%)
  • Cash flow from operating activities: 388.8 million euros
  • Net financial debt: 4,625.8 million euros

Operating highlights including affiliates:

  • Municipalities in gas distribution concessions: 1,886
  • Number of active meters: 7.7 million
  • Gas distribution network: around 73,000 Km

The performance achieved by Italgas in the first half of 2020 demonstrates the company’s ability to continue generating solid economic-financial results thanks to digital efficiency and to the innovation projects deployed over the recent years, which made possible to mitigate the impacts of Resolution 570/2019/R/gas, relating to the tariff regulation of gas distribution and metering services for the period 2020-2025, to cushion the negative effects of the pandemic and to ensure the safety and continuity of the service during the lockdown period.

The 369.5 million euros invested over the period (up 16.3% compared to the first half of 2019) were devoted to the development and modernisation of the networks and digital transformation.

In the first half of 2020, around 486 km of new pipelines were laid, compared to around 379 km in the corresponding period of 2019. Construction of the distribution networks continued in Sardinia, with the laying of around 216 km of new networks, for a total of more than 680 km overt a total of about 1.100 km to build.

Despite the difficulties arising from the health emergency, the traditional meter replacement plan continued, with the installation of 0.6 million smart meters, also taking affiliates into account, bringing the total number of smart meters installed as at the end of the first half of 2020 to approximately 7.1 million. The plan, which is expected to be concluded in 2020, is part of the wider project for the digital transformation of the entire network operated. To date, this project has already upgraded the technology of over 400 distribution networks.

The financing requirements related to net investments for the first half of 2020 were fully covered by the positive cash flow from operating activities, equal to 388.8 million euros.

The net financial position as at 30 June 2020 was 4,625.8 million euros (4,410.6 million euros at 31 December 2019), net of financial liabilities pursuant to IFRS 16 of 75.5 million euros (74.7 million euros at 31 December 2019).

The EBITDA of the first half of 2020 amounted to 462.7 million euros (up 6.6% compared to 30 June 2019) and net profit was 153.4 million euros.

Paolo Gallo, CEO of Italgas, commented:

The performance in the first half of 2020 shows the capability of Italgas to react to exeptional situations – like the one we are currently experiencing due to Covid-19 – by continuing to produce solid results. Despite the adverse effects of the new tariff regulation in force from 1 January, we achieved an EBITDA of 462.7 million euros, up almost 7% compared to last year, and a Group net profit of 153.4 million, which was slightly down compared to the same period of 2019, due to to the heavy economic effects of the new regulation mitigated by all the actions implemented by the Company.

Our investments grew, amounting to around 370 million euros, most of which focused on digital transformation and continuous development and modernisation of the networks. Thanks to the digital transformation carried out over the last three years and to the great efforts of our people, we ensured safety and continuity of services throughout lockdown and we were able to get our worksites up and running again in early May. This restart was made possible by the proprietary technologies, developed and created in-house in our Digital Factory, such as “WorkOn Site”, an application that has made the process of verifying the compliance of worksites and works extremely efficient thanks to artificial intelligence and remote operation. 

After completing 65% of the 1,100 kilometres of networks of the methanisation plan in Sardinia, we are getting ready to make some of these networks operational, with immediate benefits for the economy and local population; overtime sustainable benefits, which however required a clear regulation of the entire gas supply chain and the implementation of the tariff equalization in line with the rest of Italy.

Regarding ATEM tenders, we hope for an important acceleration, to release new investments in our sector for over than 3 billion euro per year, essential for the restart of our Country. In the meantime, we are reaping the fruits of our work with the the further award of the Belluno Atem to Italgas and we we are getting ready to start in the coming months all the investments planned –  on this Atem and the other Atems assigned to us. 

Technological innovation, digitisation, efficiency, investments and a close relation with the community will characterize even more Italgas in the next months.  

The Heritage Lab is born: the place where past and innovation meet

The Historical Archive of Italgas, the result of about two centuries of history, will be entirely digitalized and will enhance the cultural heritage of the company

Reconciling history with innovation, Digital Transformation with the preservation of a great historical heritage: that of Italgas and the country. These are the objectives of the Heritage Lab, a new project, carried out together with the Giorgio Cini Foundation and ARCHiVe, which aims to digitize and renew the vast Italgas Archive and to give life to a new model of the Laboratory Museum. A physical and virtual meeting place that tells, in a totally innovative way, the historical riches of one of the most important companies in our country.

THE MISSION OF ITALGAS AND THE NEW HERITAGE LAB

The heart and soul of the new Laboratory Museum will be the numerous original documents, the result of almost two centuries of history, which will represent a true unicum in the gas distribution sector. An immense wealth of information, which will tell a part of the social, economic and technological evolution of our country. The Heritage Lab, moreover, will represent a new Italian model for the fruition of historical contents, whose aim will not only be to preserve, arrange and observe the Italgas Archive, but to share and deepen, from a completely new point of view, its richness with the whole community and the whole territory.

To date, Italgas’ Archive, historical library, newspaper and periodical library and museum collections contain almost 200 years of history and include an original nucleus of:

  • over 1,000 linear meters of documents
  • 6,000 volumes, brochures and magazines
  • 35,000 prints, photographs and posters
  • 350 vintage equipment and instruments, declared by the Italian State to be of considerable historical interest and subject to notification and preservation requirements

Numbers, still growing today, which testify to the greatness of the historical and cultural treasure of the company and which highlight the importance of not dispersing the precious legacy left to us by the people who have made Italgas history. In this sense, the metadatation and the entire conversion of documents into big data , made possible thanks to the work of archivists and the use of innovative software, will represent an important bridge between the analogical contents of the past and the current modes of digital fruition.

It is important to underline that the transformation of the historical heritage will not only coincide with the conversion of documents into images, but will pursue the firm will to make the fruition of these contents a real physical and virtual experience. An interactive path that puts the observer at the centre and tells our story with macro-themes of general interest. Historical and cultural strands that do not only involve specialists, but an increasingly broad and interested public (such as universities, cultural associations, local communities, businesses, museum networks and business archives).

This is the direction in which the partnerships with the Giorgio Cini Foundation and the École Polytechnique Fédéral de Lausanne are heading. Two agreements that will allow Italgas to expand its archival and historiographical skills and that will give the company more opportunities for collaboration to further expand its proposal. Already today, in fact, Italgas’ archival fonds represent very important sources for students in the writing of university theses. The aim is to make the Laboratory Museum a common good for the community and the territory, where documents, information and materials will be year after year, more and more usable and easier to consult.

WHEN THE VISITOR BECOMES AN ACTIVE PART

Within the new Heritage Lab will play a fundamental role the laboratories present, which will be equipped with the most advanced technologies necessary to digitize documents in 2D and 3D. The transformation of the content will, in fact, become an integral part of the visitor’s experience, who will have the opportunity to observe in real time the process of digitization of historical materials and will no longer be limited to a passive visualization of the final product.

There will be 4 laboratories in the Heritage Lab:

  • the first will be for the time deposit of documents
  • in the second one, the necessary digitization preparation treatments will take place
  • the third will be equipped with the “Replica” scanner: a rapid scanning system capable of scanning a double-sided document in a few seconds
  • the last laboratory will instead contain all the other latest generation scanners including the “V Scanner”, the “3D Lucida”, the “LIDAR technology” and the “Time Machine Box”.

The Italgas Museum will not only be a container of the company’s history, where visitors will be able to follow exclusively exhibition itineraries, but it will become a real productive and always active laboratory. A meeting place that will see its hinge in the Data Square: a real “square” located inside the Museum, where the public will have the opportunity to enjoy the contents of digitizations and to interact with them in an innovative and virtual way.  Data Square itself, in fact, feeds on the contents of the Italgas Archive and challenges itself to combine and share with the public daily activities, technologies and documents of the past.

The thread of the Museum will not be a simple linear and unitary succession of historical contents, but they will be conveyed to the observer through the creation of core values: homogeneous materials and narrative strands that will tell and analyze a series of specific themes related to the history of our country. The visitor can range from the evolution of social and cultural changes to those of the major Italian cities (through the consultation of maps and cartographies of the past), from scientific, technological and archaeological discoveries to themes of historical interest such as the two world wars and the progressive entry of women into the world of work.

A MUSEUM ORIENTED TOWARDS SUSTAINABILITY

Among the many objectives of the Heritage Lab is to make the Italgas Historical Archive and the Museum as places oriented towards sustainability. But how to reconcile the concepts of sustainability with the project of digitizing the archive? The process of digital transformation of documents of the past can be defined, in fact, as a path of dematerialization that involves a series of benefits, first of all that of the preservation of a cultural and historical heritage and the consequent creation of value for the whole territory and the community. Moreover, thanks to the digital enhancement of the contents, Italgas aims to represent for the country a model of process sustainability, where the final products of the museum become necessary materials to improve the daily work of the company.
A path that in the future may prove to be a viable and sustainable way also for the enhancement of the historical heritage of other realities, combining a high technological knowledge with the ability to involve research institutions and the training and retraining of personnel.

History, innovation and digitization. For Italgas and for the territory. For this reason the new Heritage Lab will represent a real digital asset for Italgas.

Cini Foundation for Heritage Lab

The Historical Archive of Italgas becomes Heritage Lab thanks to the partnership with the Giorgio Cini Foundation

The Italgas laboratory of knowledge, experimentation and above all innovation applied to historical and cultural heritage is born. Two centuries of history look to the future thanks to digitization.

Turin, July 9, 2020 – Italgas and the Giorgio Cini Foundation announce a partnership aimed at transforming Italgas’ Historical Archives and cultural heritage into a “Heritage Lab”, a laboratory equipped with the most advanced technologies for the 2D and 3D digitization of the historical, industrial, artistic and cultural heritage that the Company has collected and preserved during its almost two centuries of history. An experience that dates back to the first half of the nineteenth century, is intertwined on several occasions with the history of the country and whose deepening will allow an increasingly wide audience to observe from unprecedented angles many of the events that have marked the social, economic and technological evolution of the nation.

The agreement was approved today by the CEO of Italgas, Paolo Gallo, and the President of the Giorgio Cini Foundation, Giovanni Bazoli.

The Giorgio Cini Foundation is a cultural institution that stands out for being, at the same time, a centre of studies, a place of meeting and debate but also a space in which multidisciplinary research projects are developed, aimed at providing new tools for analysis and understanding of the reality around us.

In this sense “Heritage Lab” wants to be a model, unique in Italy, of a digitization archive-laboratory whose aim is not only the recovery and systematization of the historical archive of a large company but also its conversion into a big date of the past and, in this form, its sharing with the community interested in deepening its contents.

The Italgas Archives will thus be able to expand the opportunities for collaboration on a national and international level by developing new archival and historiographical activities and skills, as well as access to important circuits such as the ARCHiVe project (“Analysis and Archiving of Cultural Heritage in Venice”) created in 2018 by the Giorgio Cini Foundation, in collaboration with Factum Foundation and Digital Humanities Laboratory of the École Polytechnique Fédéral de Lausanne, thanks to the support of the Helen Hamlyn Trust, or even the large Time Machine consortium, which includes over 14.000 institutions representing more than 100,000 professionals committed to investigating the past with the aim of mapping Europe’s social, cultural and geographical evolution.

A radical paradigm shift aimed at making the most, thanks to technology, of Italgas’ entire cultural heritage: from the historical library to the newspaper and periodicals library, from museum collections to documentation on the archaeological heritage found during the laying of the gas infrastructure.

Today the Italgas Historical Archive consists of an original nucleus of more than 1,000 linear metres of documents, 6,000 volumes, pamphlets and magazines, 35,000 prints, photographs and posters, 350 period equipment and instruments declared of considerable historical interest by the Italian State and subject to notification and preservation. An ever-growing heritage whose study makes it possible to reconstruct not only the history of the Company and the people who worked there, but above all the links with the country’s main events and the world of energy, the role played in Italy’s industrialisation process, urban development and public services.

The digital world and the materials stored in museums and historical archives – commented Italgas CEO Paolo Gallo – may seem to be at odds with each other: on the one hand, modernity and dematerialization, on the other hand, material evidence of a past that reaches the present day. The challenge of digital transformation is to identify a path that allows these two worlds to meet and enhance a history that is not only of Italgas but of the entire country. Thanks to the partnership with Fondazione Giorgio Cini, Heritage Lab becomes another important part of our deep digital transformation and with it Italgas confirms itself as a company where innovation is not only applied but also created“.

We are proud of this prestigious collaboration ” – said the president of the Cini Foundation Giovanni Bazoli. “Two years ago, when we launched ARCHiVe, we set ourselves the goal of transforming it into a national and international reference centre for the conservation and enhancement of Cultural Heritage. The announcement of the Heritage Lab project by Italgas confirms the validity of our decision to promote the creation of ARCHiVe, in the belief that the development of theories and practices for digital enhancement can be a new mission of the Cini Foundation, as a leading institution in the conservation, promotion and dissemination of the values of Italian civilization in the world“.

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