Al via oggi la “White Energy Week”: l’efficienza energetica torna nelle scuole!

Parte il percorso promosso da Seaside, ESCo del Gruppo Italgas, e sviluppato con ENEA e che coinvolge circa 25 classi e oltre 500 ragazzi delle scuole superiori.

Sensibilizzare i giovani sui temi dell’efficienza energetica e sui comportamenti da seguire a tutela del Pianeta e offrire alle nuove generazioni maggiori strumenti per conoscere da vicino il mondo aziendale e le professioni del futuro, in particolare quelle legate alla transizione energetica.

Parte oggi la terza edizione della “White Energy Week”, il percorso nato per sviluppare maggiori competenze sui temi di efficientamento energetico, economico e di sostenibilità ambientale. Il progetto, che per la prima volta si svolge in modalità digitale, prevede 40 ore di lavoro e coinvolge circa 25 classi di istituti scolastici dell’Emilia-Romagna, per un totale di oltre 500 ragazzi.

L’iniziativa è promossa da Seaside, ESCo del Gruppo Italgas, e sviluppata in collaborazione con ENEA e l’Ufficio Scolastico Regionale dell’Emilia-Romagna. Il percorso formativo della “White Energy Week” 2020-21 si concluderà il prossimo venerdì 26 marzo e vedrà gli studenti applicarsi in diverse prove pratiche, in cui ricopriranno in prima persona il ruolo dell’Energy manager.

Il “gioco di ruolo” di questa edizione riguarda la redazione della diagnosi energetica del proprio edificio scolastico. Gli studenti vivranno una settimana da Energy Manager, una sfida stimolante che ha un duplice scopo: rendere i partecipanti più consapevoli dei consumi energetici degli edifici e sviluppare una più alta coscienza sostenibile che li porti ad attuare le buone pratiche ambientali. Non solo a casa, ma anche a scuola e nella vita di tutti i giorni. Al termine del percorso i ragazzi presenteranno le loro diagnosi energetiche al team di Energy manager di Seaside ed ENEA, oltre che ai docenti e alle loro famiglie, e riceveranno un feedback sui risultati ottenuti.

I numeri dell’iniziativa, in continua crescita, testimoniano una grande sensibilità da parte degli istituti scolastici del territorio e dei vari organismi pubblici. Numeri che rappresentano una grande occasione per insegnare ai professionisti del futuro l’importanza di tutelare il nostro Pianeta, partendo dai piccoli gesti quotidiani fino ad arrivare ai nuovi ruoli professionali applicati alla transizione energetica.

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Italgas co-signs the Open Letter to the European Commission for the recognition of the strategic role of gas networks to deliver hydrogen/natural gas blends

Milan, 18 March 2021 – Italgas has co-signed the open letter sent to the Executive Vice-President of the European Commission, Frans Timmermans, for the recognition of the strategic role of blending hydrogen into the existing gas networks, in order to achieve the European decarbonisation targets and the EU Hydrogen Strategy released in July 2020.

The initiative was joined by around 70 European companies in the gas sector, including GD4S, the main association of continental DSOs, chaired by Italgas CEO Paolo Gallo. Among the addressees of the letter, in addition to Vice-President Timmermans, are Commissioners Kadri Simson (Energy), Thierry Breton (Internal Market) and Virginijus Sinkevicius (Environment, Oceans and Fisheries).

The letter emphasises, among other things, how the use of hydrogen/natural gas blends in the short and medium term can achieve significant environmental results at a lower systemic cost than by using only new dedicated infrastructures and constitutes the ideal formula for accompanying the progressive development of hydrogen supply on the market. In this sense, existing distribution infrastructures, digitalized and technologically adapted, are an important asset to provide hydrogen directly to consumers currently connected to gas networks. Moreover, blending allows for the immediate activation of sector coupling, providing the electricity sector with flexibility and storage capacity. Finally, the co-signatories highlighted the need for hydrogen blending to be properly recognised within the European energy regulatory framework in order to enable its rollout.

Italgas CEO Paolo Gallo commented: “Distribution networks are already the main driver of the energy transition. In terms of extension, capillarity and flexibility, they are a central asset already available and capable of both transporting and storing energy. It is therefore important for DSOs to be able to count on a stable regulatory framework that promotes and supports investments aimed at digitally upgrading the network, so as to provide Europe with an infrastructure capable of receiving and distributing renewable gases, such as hydrogen, biomethane and synthetic methane, which will enable us to achieve the right net zero energy mix“.

L’Assemblea Generale di GD4S conferma Paolo Gallo (CEO Italgas) alla presidenza dell’Associazione

Nel corso di un incontro con Diederik Samsom, Capo di Gabinetto del Vicepresidente della Commissione Europea Frans Timmermans, i rappresentati dell’Associazione hanno ribadito il ruolo strategico delle reti del gas come driver per la transizione energetica, nonché l’importanza dell’innovazione tecnologica nel controllo e nella riduzione delle emissioni climalteranti

Bruxelles, 2 febbraio 2021 – Oggi, nel corso dell’Assemblea Generale Annuale, GD4S, l’organismo che riunisce i sette maggiori operatori del settore della distribuzione del gas in Europa, ha confermato Paolo Gallo (Italgas) Presidente dell’Associazione per il secondo anno.

“Sono onorato di proseguire nel percorso alla guida di GD4S – ha commentato Paolo Gallo – e ringrazio gli altri soci per la fiducia accordatami. Nonostante le sfide poste dalla pandemia, l’anno scorso l’agenda di GD4S è stata molto fitta. Nel corso del 2020, l’Associazione si è rafforzata ulteriormente assumendo un ruolo centrale quale principale rappresentante dei distributori di gas naturale in Europa. Nei prossimi mesi, GD4S continuerà a promuovere lo sviluppo e l’integrazione dei gas rinnovabili, quali idrogeno e biometano, fondamentali per la transizione energetica. Il livello di capillarità e di penetrazione delle nostre reti in Europa rende l’infrastruttura gas strategica ed essenziale per la decarbonizzazione dell’economia e dei consumi, in particolare in settori come il trasporto e lo stoccaggio di energia. L’Associazione conferma, inoltre, il suo impegno per il controllo e la riduzione delle emissioni di metano anche attraverso l’innovazione tecnologica e la digitalizzazione delle reti, fattori chiave per il miglioramento del monitoraggio, della misurazione e della riduzione delle emissioni”.

In mattinata, prima dell’Assemblea di GD4S, i rappresentanti dell’Associazione hanno incontrato Diederik Samsom, Capo di Gabinetto del Vicepresidente della Commissione Europea Frans Timmermans. Nel corso del meeting, Paolo Gallo, Dan Pantilie, CEO di Distrigaz Sud Retele (Romania), Denis O’Sullivan, Managing Director di Gas Networks Ireland (Irlanda), Narciso De Carreras, CEO di Nedgia (Spagna), Catherine Leboul-Proust, Strategy Chief Officer di GRDF (Francia), Gabriel Sousa, CEO di Galp Gás Natural Distribuição (Portogallo) e Leonidas Bakouras, General Manager di Eda Thess (Grecia) hanno illustrato le posizioni dell’Associazione in merito al ruolo strategico delle reti del gas nel processo di transizione energetica e di decarbonizzazione dell’Ue ribadendo, inoltre, l’impegno degli operatori della distribuzione nella riduzione delle methane emissions.

Diederik Samsom ha evidenziato l’importanza dell’integrazione delle fonti di energia e ha concordato sul ruolo strategico a lungo termine delle reti del gas nel processo di decarbonizzazione delle economie europee. Infrastrutture che, anche nel 2050 a transizione energetica compiuta, serviranno ad accogliere e distribuire gas rinnovabili come idrogeno, biometano e metano sintetico. Allo stesso tempo, Samson ha ricordato ai DSO come il controllo delle emissioni fuggitive e il risparmio energetico rappresentino elementi chiave a supporto di un efficace percorso di sostenibilità.

Nel corso del 2021, GD4S ha in programma altre importanti iniziative, come lo sviluppo di un “Sustainability Charter”, che definirà l’impegno dell’Associazione sui temi della sostenibilità, e la pubblicazione di un White Paper, che conterrà le posizioni di GD4S su tutti i più rilevanti temi di policy. Nello specifico, il “Sustainability Charter”, delinea una Road Map con le singole milestone utili al conseguimento degli obiettivi di sostenibilità dell’Associazione a lungo termine, in linea con quanto stabilito a livello UE per il raggiungimento di un’economia carbon neutral. Il White Paper, di imminente pubblicazione, offre invece una panoramica completa di come le reti del gas possono essere strategicamente utilizzate per raggiungere gli obiettivi di decarbonizzazione nazionali e dell’UE. Utilizzando case study specifici per illustrare le azioni svolte dagli operatori in questa direzione, il documento dimostra chiaramente l’impegno di GD4S nel realizzare il Green Deal Europeo.

Nel contesto della riduzione delle emissioni climalteranti, l’Associazione ha evidenziato l’importanza di stabilire delle linee guida comuni per i gestori di rete nella misurazione delle emissioni di metano che si verificano dalle rispettive infrastrutture.

Conference Call: 2020 Full Year Results

Italgas Top Management presents 2020 Full Year Results.

Conference Call for the presentation of results to the community will be on Thursday, March 11th  2021 at 3:00 p.m. CET.

Click on the following link to watch the presentation live:

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Italgas: The Board of Directors convenes the Shareholders’ Meeting on Tuesday 20 April 2021

Milan, 11 March 2021 – The Board of Directors of Italgas, which met yesterday chaired by Alberto Dell’Acqua, has called an Ordinary and Extraordinary Shareholders’ Meeting for coming 20 April, in a single call, to resolve on the approval of the 2020 Financial Statements, the proposed profit allocation, the remuneration policy, as well as the proposed adoption of a Co-investment Plan for 2021-2023 for employees of Italgas Group.

To this end, the Board has resolved to submit to the Shareholders’ Meeting a proposal on a free share capital increase by issuing no more than 4,500,000 ordinary shares of the Company, for a maximum nominal amount of 5,580,000 euros to be reserved solely for beneficiaries of the aforementioned 2021-2023 Co-investment Plan.

The Board has also resolved to propose to the Shareholders’ Meeting the distribution of a dividend of 0.277 euros for each Company share. The dividend will be paid out on 26 May 2021, with coupon date of 24 May 2021 (record date 25 May 2021).

In compliance with the provisions of Legislative Decree 58/98 (“CLF”), the old and the new Corporate Governance Code, and taking into account the Company’s adherence to the new Corporate Governance Code applicable as of 1 January 2021, the Board of Directors assessed the independence of its Directors: (i) on 31 December 2020 on the basis of the CLF and the Corporate Governance Code and (ii) on 10 March 2021, on the basis of the CLF and the new Corporate Governance Code. The Board of Directors, having duly acknowledged the check of its members carried out by the Board of Statutory Auditors, also checked whether the members of the Board of Statutory Auditors still hold the independence requirements, also in accordance with the new Corporate Governance Code.

Following the 2018-2020 Co-investment Plan approved by the Ordinary and Extraordinary Shareholders’ Meeting of 19 April 2018, the Board resolved to freely allocate a total of 632,852 new ordinary shares of the Company to the beneficiaries of the same Plan and to execute the first tranche of the capital increase resolved by the aforementioned Shareholders’ Meeting, for a nominal amount of 784,736.48 euros drawn from retained earning reserves. The Company will provide accurate information in the manner and within the terms prescribed by law on the implementation of the Plan and the new Share Capital as resulting from the execution of said increase.

In view of the current health emergency, taking into account the regulatory provisions issued in order to contain infections, the Company has decided to make use of the option provided in art. 106, subsection 4, of Law Decree 18/2020, establishing that those entitled to participate in the Shareholders’ Meeting may only do so through the appointed representative Georgeson S.r.l., with registered offices in Rome, Via Emilia 88, named as the “Appointed Representative” of the Company under art. 135-undecies of the CLF. For more information in this regard, see the call notice of the Ordinary and Extraordinary Shareholders’ Meeting of Italgas which will be published by the Company in the manner and within the terms prescribed by law.

As indicated in the Shareholders’ Meeting call notice, the Integrated Annual Report as at 31 December 2020, the 2021 Compensation report, the 2020 Report on Corporate Governance and Ownership Structure, reports on the items on the agenda, and the remaining legal documentation for the purposes of the Shareholders’ Meeting will be made available within the time period established by law.

ITALGAS: CONSOLIDATED RESULTS AS OF 31 DECEMBER 2020 APPROVED

Milan, 11 March 2021 – Italgas’ Board of Directors, chaired by Alberto Dell’Acqua, met yesterday and approved the results as of 31 December 2020 and resolved to propose to the Shareholders’ Meeting the distribution of a dividend of € 0.277 per share (+8.2% compared to 2019).

Key figures

Consolidated economic and financial highlights:

  • Adjusted total revenues: € 1,333.8 million (+6.0%)
  • Adjusted EBITDA: € 971.4 million (+7.0%)
  • Adjusted EBIT: € 546.8 million (+6.0%)
  • Adjusted net profit: € 345.4 million (+0.1%)
  • Technical investments: € 777.5 million (+5.1%)
  • Cash flow from operating activities: 745.0 million euros (714.4 million euros in 2019)
  • Net financial debt: € 4,736.5 million
  • Net financial debt (excluding the effects pursuant to IFRS 16): € 4,660.2 million

Operating highlights including affiliates:

  • Municipalities in gas distribution concessions: 1,887
  • Number of active meters: 7.7 million
  • Gas distribution network: more than 73,000 Km

Sustainability highlights:

  • Gas Leakage Rate (natural gas emissions volume / distributed gas volume): 0.1%
  • Reduction of 5.4% in energy intensity compared to 2019 (calculated as the ratio between the Group’s total energy consumption and the gas distributed)
  • Over 20,000 hours of training on digitalization topics delivered

The performance achieved by Italgas as of 31 December 2020 demonstrates the company’s ability to continue generating solid economic-financial and operating results, thanks to the efficiency-boosting and technological innovation measures taken by the company. These results have been achieved despite a scenario negatively impacted by the application of the tariff regulation for the gas distribution and metering activities for the period 2020-2025 (Resolution 570/2019/R/gas) and the ongoing health emergency.

The major investments carried out in 2020, amounting to € 777.5 million (up 5.1% compared to 31 December 2019), are consistent with the company’s Strategic Plan, which is strongly focused on the gradual development and modernisation of the networks and plants and their digital transformation.

In 2020, 905 km of new pipelines were laid down, compared to around 935 km in the corresponding period of 2019. Construction of the digital native distribution networks continued in Sardinia, with the laying down of around 334 km, for a total of more than 806 km of the around 1,100 km to be constructed overall.

The plan to replace traditional meters with the last generation of smart meters has almost been completed, apart from a marginal share to be concluded by the end of the year.

The cash flow from operating activities at the end of 2020 amounted to € 745.0 million euros.

The net financial position as of 31 December 2020 was € 4,736.5 million (€ 4,485.3 million as of 31 December 2019). The net financial position amounted to € 4,660.2 million (€ 4,410.6 million as of 31 December 2019), net of financial liabilities pursuant to IFRS 16 of € 76.3 million (€ 74.7 million as of 31 December 2019).

The adjusted EBITDA at the end of 2020 amounted to € 971.4 million (up 7.0% compared to 31 December 2019) and adjusted net profit was € 345.4 million, confirming the results of last year (€ 345.2 million), despite the negative effects deriving from Resolution 570/2019/R/gas.

In order to provide an effective and transparent representation of its ability to create value sustainably over time, from this year Italgas has chosen to represent its financial and non-financial results in an Integrated Report, showing in a unique document the effects of its activities on the social, environmental and economic context in which it operates.

Paolo Gallo, CEO of Italgas, commented:

“The health emergency and the highly adverse effects of the new tariff have not affected the path of transformation and development that             today sees Italgas ending another year with a trend of growth. We have been able to face the most serious global crisis of the post-war period thanks to the strategic decisions made over the last few years. Our ability to react promptly emerges clearly from all the financial and non-financial indicators.

We achieved an adjusted EBITDA of € 971.4 million, up by 7% compared to 2019, and we succeeded in limiting the negative impact of Resolution 570/2019/R/gas, reporting a result of € 345.4 million, in line with last year’s figure.

Despite lockdown period, our investments have slightly increased, to around € 780 million, up by 5% compared to 2019.

These results were made possible by the digital transformation process, launched in 2017 and still ongoing, which enabled the Group to remote mode a good part of its activities, continuing providing essential services to more our than 7.7 million customers, operating in complete safety. The important applications, developed in the Italgas Digital Factory, are the most telling example of how digital technology and  technologies such as artificial intelligence, machine learning and augmented reality have raised the level of efficiency of our activities. A result achieved thanks to the strong commitment of our people in digitalization also through thousands of hours of training.

On an operational level, despite the lengthy stoppage imposed on construction sites, work continued on the extension, maintenance and digitisation of the network throughout Italy. In this context, Sardinia has proved to be the primary incubator of a new generation of infrastructures aimed at transforming gas distribution in Italy and in Europe and making a key contribution to the energy transition. We have completed around 80% of the 1,100 km of planned networks on the island, digital native networks to accommodate gases other than methane, such as hydrogen, biomethane and synthetic methane. Technological innovation, investments, a widespread presence across the country and sustainability will continue to be our key drivers in order to create value for shareholders and the communities in which we operate, to take an active role contributing to the process of decarbonisation of the economy and containment of fugitive methane emissions, in line with the indications of the EU Commission for DSOs of gas, considered essential actors of the energy transition”.

Italgas and Australian energy infrastructure company, Jemena, have signed a collaboration agreement to share knowledge and experiences in distribution networks management

Milan, 8 March 2021 – Today Paolo Gallo, CEO of Italgas, and Frank Tudor, Managing Director of leading Australian energy infrastructure company, Jemena, signed a collaboration agreement aimed at sharing knowledge and experiences in distribution network management, with a particular focus on technological innovation and decarbonisation.

Italgas and Jemena are leaders in the distribution of natural gas in Italy and Australia respectively. Italgas manages 73,000 kilometres of gas pipeline infrastructure, while Jemena’s gas distribution network spans 25,000 kms across New South Wales. Together, the companies deliver gas to over 9 million customers across the two countries.

Under the terms of the agreement, the companies will collaborate and share information on:

  • Digital solutions to transform gas networks into carriers and storage systems for renewable gases, such as hydrogen, biomethane and synthetic methane;
  • Intelligent metering solutions, with a focus on next-gen smart meters, sensors and appliances;
  • Customer experience, asset reliability and safety with particular reference to monitoring systems for the mitigation of fugitive methane emissions.

The partnership will also allow Italgas and Jemena to discuss their respective plans to develop innovative technologies, including Power to Gas technology. Both companies, are currently implementing pilot projects, in the South of Sardinia and Sydney respectively. These projects are testing how renewable gases can store surplus electricity generated from renewable sources, as well as the use of renewable gas in residential, commercial, and transport settings.

Jemena’s Managing Director, Frank Tudor, said today’s announcement is good news for gas customers in both countries. “We know Australia and Italy face many of the same challenges as we move towards a low-carbon future and believe this partnership will enable us to share insights, learn from one another, and ultimately expedite how quickly we can bring new technology to market. This is a great outcome for customers in both countries who want to be able to access gas – including renewable gases such as hydrogen and biomethane – both today and in the future,” said Mr Tudor.

“The digitalization program started by Italgas in 2017 – commented Paolo Gallo, CEO of Italgas has produced immediate results, transforming the company’s DNA and elevating it to the role of a global benchmark. Sharing experiences with international partners is a great opportunity and is necessary to keep growing through comparison and positive collaboration. I am pleased that after European, American and Asian partners, this new collaboration with Jemena allows us to enter a new continent to discover innovative solutions and best practices. First of all the Power to Gas technology that we believe could represent a key asset in the energy transition process.”

Italgas is awarded the management of the natural gas distribution service in the Atem area “Torino 1”

Italgas is awarded the management of the natural gas distribution service in the Atem area “Torino 1”

Investments of approximately 330 million euros are planned in the area, with a significant impact on local GDP, as well as actions to foster the decarbonization of local public transportation

Turin, 4 March 2021 – The Contracting Authority, the Municipality of Turin, has officially awarded Italgas the tender for the management of the natural gas distribution service for the next 12 years in the “Torino 1” area, which includes the regional capital city and the municipalities of Moncalieri, Grugliasco, Rivoli, Rivalta di Torino and Nichelino.

The awarding of the Atem area, including about 560,000 consumers, allows the company to ensure continuity in the management of the service in an area historically linked to the company, where it was founded and has operated since 1837, and to implement an investment plan of about 330 million euros.

The pivotal investment plan will produce a significant effect on local GDP, with positive results also in terms of employment by creating 3,000 new jobs in the related industries. In addition, the extension of the service to new areas will enable the users concerned to make significant savings on their bills, estimated at more than 50 million euros over the 12 years of the contract, thanks to the lower cost of natural gas compared to other fuels currently used.

Italgas plan includes the following actions:

– The full upgrade of 340 kilometres of networks, over 600 intermediate plants which will be equipped with monitoring and remote control;

– the laying of more than 40 kilometres of new grids and the upgrading of about 15 kilometres of network to reach areas not yet served, in order to make methane available to about 4,500 new users;

– the replacement of 215,000 traditional meters with next-gen smart meters;

– the construction of two new methane distribution plants to serve the bus depots of GTT, the local public transportation company, to support the city programs to decarbonize road transportation.

Pier Lorenzo Dell’Orco, CEO of subsidary Italgas RETI, commented: “The award of the Atem area ‘Torino 1’ is an important result both for the Company, which confirms its presence in the city where it was born almost two centuries ago, and for the territory, which will benefit from 330 million euros of investment, concentrated mainly in the first years of the contract. As well as ensuring an important multiplier effect on the local economy, the plan will also guarantee relevant environmental benefits thanks to an overall reduction in emissions of CO2 and fine particles. After the Atem areas ‘Torino 2’, Valle d’Aosta and Belluno, this fourth tender assigned to Italgas raises the total value of the investments planned in the areas concerned to around one billion euro, confirming the virtuous effect that gas tenders have on the Country’s economic recovery and the need to speed up their implementation decisively”.

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