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Month: June 2026

Italgas presents the 2026-2032 Strategic Plan

Posted on by apalazzo

Milan, 23 June 2026 – Italgas CEO Paolo Gallo is presenting today to analysts and investors the Group’s 2026–2032 Strategic Plan “Lead. Innovate. In a changing world”, approved by the Company’s Board of Directors, chaired by Paolo Ciocca.

 

Highlights

  • Total investments of 13.0 billion euros1, up +14.6% compared to the previous 2025-2031 Plan2, of which:
    • 3 billion euros for the development, digitization and repurposing of gas infrastructures in Italy1 (+4.0%)
    • 4 billion euros for future ATEM gas distribution tenders (+59% vs. previous Plan)
    • 0 billion for the development and expansion of the gas distribution network in Greece, in line with the previous Plan
    • 8 billion euros to reinforce the positioning in the water and energy efficiency sectors (+5.6%)
    • 5 billion euros of financial flexibility for M&A in the gas distribution sector
    • 280 million euros of total efficiencies3 by 2032, an increase of +12%, to which 120 million euros in revenues generated by incremental digitalization investments are added
    • EBITDA of 3.3 billion euros in 2032, with a total RAB of 21.7 billion euros ahead of the targets set in the 2025-2031 Plan
    • Above 9% EPS adjusted CAGR 2025-2032, in line with EPS adjusted CAGR 2025-20314 of the previous Plan
    • Reaffirmed 2026 guidance
    • Dividend policy reaffirmed

 

 

At the opening of the event, the Chairman of Italgas, Paolo Ciocca, commented:

 

“The 2026-2032 Strategic Plan consolidates a growth trajectory that Italgas has pursued with foresight and consistent vision. Geopolitical instability has made it clear that energy security is built on the resilience and widespread reach of infrastructure networks. Italgas is committed to exactly this: smart, digital and flexible networks capable of strengthening the competitiveness of the energy systems in which we operate, supporting source diversification. A commitment of this scale, 13 billion euros, is an act of responsibility towards the communities and territories we serve, and a long-term dedication to the countries in which we operate”.

The CEO of Italgas, Paolo Gallo, stated:

 

“Artificial Intelligence is an integral part of Italgas’ operating model and lies at the core of this Plan. Applied to operations, business processes and customer management, our “agents” are already generating significant efficiencies while improving service quality. This marks an acceleration versus our initial expectations, thanks to the experience gained over recent years, during which digital transformation has permeated every aspect of our activities, and data has become the goldmine of the company.

 

The 13 billion euros of investments will make our network even smarter, more widespread and flexible, ready to accommodate also green molecules and support an energy system increasingly exposed to international instability and commodity market volatility. Together with the efficiencies we will be able to generate, these investments will help make energy more accessible and competitive, delivering tangible benefits for the broader economic and social systems of the countries in which we operate, while fostering industrial development and long-term growth.

 

The ATEM tenders represent a concrete opportunity to overcome the fragmentation that has historically held back sector development. Every concession awarded is a step towards a more resilient infrastructure integrated into a broader system. We will seize these opportunities by leveraging the industrial strength, expertise and investment capacity that the Group brings to the table.

 

In the water sector, our investments in network digitalisation and leakage reduction are already delivering tangible results. The new Plan will enable us to halve water losses, increase water reuse and further strengthen service quality. Geoside helps all the Group’s companies to reduce energy consumption through the use of proprietary applications and sophisticated AI systems; the same innovative approach is offered to all Geoside partners: the best energy is the energy that is not consumed”.

Total planned investments amount to 13.0 billion euros in the Strategic Plan 2026-2032, an increase of 1.6 billion euros or 14.6% compared to the previous Plan5, excluding the impact of 2i Rete Gas acquisition cash-out.

1 Net of 0.2 billion euros proceeds from the disposals of 247,000 redelivery points related to gas distribution networks across 100 municipalities in 12 ATEMs, completed in 2026 in compliance with the AGCM resolution approving the 2i Rete Gas acquisition.

2 Restated to exclude the impact of 2i Rete Gas acquisition (5.2 billion euros).

3 Synergy, efficiency and AI. Compared with the combined cost base of the two Groups as at 31 December 2023.

4 CAGR 2025-2031 of the previous Plan is calculated based on 2025 actual EPS adjusted as for 2025 published accounts and projected 2031 EPS as of the 2025-2031 Strategic Plan, for a like for like comparison

5 Both plans include a reduction of ~0.2 billion euros to consider the proceeds from disposals of 247,000 redelivery points related to gas distribution networks across 100 municipalities in 12 ATEMs, completed in 2026 in compliance with the AGCM resolution authorizing the 2i Rete Gas acquisition.

Global crisis, local energy: Italgas’s investments for the Italian North-East regions

Posted on by apalazzo

A Digital Reverse Flow plant capable of making the network’s capacity to accept biomethane virtually unlimited was inaugurated today in Gazzo Veronese (VR) – a zero-mile renewable gas that is strategic for strengthening energy security, economic competitiveness and sustainability

Gazzo Veronese (VR), 19 June 2026 – In recent years, the global energy landscape has imposed a clear direction: increasing local production of renewable energy, reducing dependence on imports, and strengthening the competitiveness and resilience of energy systems. It is within this perspective that Italgas’s investments are positioned, through which the company is transforming its networks – digital, widespread and flexible – to accommodate growing shares of renewable gases.

This is a path that has found one of its main areas of development in the North-East, thanks to a significant investment plan that reached 180 million euros in 2025 and is set to exceed 200 million euros this year. This commitment, in addition to further strengthening energy security and service efficiency and supporting the decarbonisation of consumption, is also contributing to employment growth in the area.

It is within this context that the inauguration of the Digital Reverse Flow plant in Gazzo Veronese takes place. This is a cutting-edge technology that makes the local network’s capacity to accept biomethane virtually unlimited – a strategic renewable gas for addressing the three dimensions of the energy “trilemma”: security of supply, affordability for households and businesses, and environmental sustainability.

The ribbon-cutting ceremony was attended by the Mayor of Gazzo Veronese, Stefano Negrini, the Chief Executive Officer of Italgas Reti, Pier Lorenzo Dell’Orco, and the Chief People, Innovation & Transformation Officer of Italgas, Peter Durante.

“The development of biomethane is a strategic direction for the country,” commented Pier Lorenzo Dell’Orco, CEO of Italgas Reti. “More green gas, produced locally, means greater energy security, more competitiveness for the economic system and, at the same time, lower CO2 emissions. The Gazzo Veronese plant moves in exactly this direction: strengthening the network’s capacity to accommodate incremental shares of biomethane and making it available not only locally but to the entire territory. In this way, through our networks, we also help to further enhance the agricultural and industrial excellence of this area, which becomes an energy resource. It is a circular economy model that addresses the management of organic waste and the transition towards renewable sources”. 

Reverse flow technology acts on the network by enhancing its capacity to accept growing shares of biomethane. When local production exceeds demand, the plant compresses the excess biomethane and sends it to the regional and national transmission network, making it available wherever there is demand to be met.

The new infrastructure, which required an investment of approximately 2 million euros, also serves as a hub, as it receives biomethane from four different production plants which, once fully operational, will feed into the network a combined total of up to 12 million cubic metres of gas per year (produced mainly from agricultural biomass, livestock effluents and agri-food by-products). This is a volume capable of meeting the average annual consumption of around 13,000 households.

Like the rest of the Italgas network, the Veronese plant will also be controlled through DANA (Digital Advanced Network Automation), the company’s proprietary network automation and remote-control system, which enables remote management, real-time monitoring and the automatic operation of facilities.

Gazzo Veronese is not the only network integrated with Digital Reverse Flow technology: the Italgas network also includes plants in Avetrana (TA) and Terranova dei Passerini (LO), with two further plants currently being built in Poggio Rusco (MN) and Ostellato (FE).

In recent years, the Italgas Group has strengthened its presence in the North-East of the country by expanding the scope of its concessions, investing in new offices and creating stable employment. The Group currently has around 800 employees; between 2025 and the first half of this year, it has already brought on board 75 new professionals and aims to hire a further 30 by December, with particular interest in the roles of Plant and Distribution Operator and Plant and Distribution Technician.

 “Behind every investment in infrastructure development, there are people, skills and professional expertise that make it possible and concrete,” stated Peter Durante, Chief People, Innovation & Transformation Officer of Italgas. “A plan such as the one Italgas is carrying out in the North-East regions cannot be separated from a significant commitment by the Group on the employment front. We want to continue attracting talent, developing qualified professionals and offering growth paths consistent with the evolution of our sector. Managing networks that are increasingly digital, intelligent and sustainable requires new skills, rooted in the territories in which we operate. Our people are acquiring increasingly solid and growing technical expertise in gas distribution, which is increasingly based on digital technologies and skills – areas in which our Group is recognised as an international centre of excellence, including in training. It is also through this kind of commitment that Italgas contributes to the growth of communities and confirms its role as a company strongly connected to the development of the territory.”

In Torre de’ Passeri (Pescara), not just natural gas. A hydrogen blend coming to the network soon

Posted on by adigiuseppe

An innovative project set to launch in the coming weeks, accelerating the energy transition

Torre de’ Passeri (PE), 16 June 2026 – The operational protocol between Italgas, the Ministry of Environment and Energy Security (MASE), the Italian Gas Committee (CIG) and Società Gasdotti Italia (SGI) was signed today for a new major decarbonisation project that makes strategic use of existing infrastructure. The initiative will cover a portion of the territory of Torre de’ Passeri (PE), where a blend of natural gas and hydrogen will be injected into the gas distribution network, initially at 10% and subsequently at 20%.

More specifically, the project will involve approximately 5 kilometres of gas pipelines serving around 220 end users, who will face no additional costs on their bills and will not need to change their consumption habits. The natural gas-hydrogen blend is intended for standard domestic and civil uses such as cooking, heating and hot water production.

Any technical adjustments to internal systems and appliances will be covered by Italgas, while on the equipment side the project involves industrial partners Ariston, Glemgas and Baltur, leaders in their respective market segments. The project also benefits from the scientific contribution of the Politecnico di Milano and the Politecnico di Torino.

The initiative was developed through a gradual process: beginning with theoretical modelling and laboratory analysis, then moving to a “hydrogen house” model to assess real-scale operating conditions. Following validation of the results, the initiative was extended to the territory.

Throughout the project, Italgas will ensure continuous supervision, monitoring and oversight of all activities to guarantee full safety and to collect the data needed for a thorough and structured technical analysis of the findings.

Società Gasdotti Italia will be responsible for the blending of natural gas and hydrogen and for conveying the mixture to the distribution network, ensuring constant and centralised infrastructure monitoring through the deployment of state-of-the-art IoT (Internet of Things) communication systems.

“The Ministry has long promoted and supported projects for injecting hydrogen blends into isolated sections of distribution networks in Italy, in close collaboration with distribution operators and CIG,” said Marilena Barbaro, Director General of MASE. “The first pilot project in Emilia-Romagna has already concluded with positive results. With the outcomes of the Sestu and Torre de’ Passeri programmes, we could have a first comprehensive picture covering the different realities of Italian distribution networks.”

“The Torre de’ Passeri project is an example of research that is essential for any technological evolution in the sector,” stressed Stefano Cagnoli, Director General of CIG. “Since its founding in 1953, CIG’s mission has been to provide technical support for the evolution of the gas industry, with particular focus on safety, infrastructure efficiency and the innovations required by the decarbonisation of the energy sector. In this context, the framework agreement signed with MASE in November 2024 for the development of technical studies and research on natural gas and hydrogen blends for network injection has already enabled three operational projects to be launched, including Torre de’ Passeri. The results will be shared with the relevant authorities and institutions, thereby supporting the evolution of national regulation, a fundamental step for the consolidation of the sector.”

“We are proud that Torre de’ Passeri has been chosen for a project of national significance that we hope will serve as a model for other communities. Injecting a natural gas and hydrogen blend into the network allows our community to benefit directly from decarbonisation, reducing emissions with no impact on citizens’ daily habits,” said Giovanni Mancini, Mayor of Torre de’ Passeri.

“In recent years, Italgas has developed significant expertise in the production and use of hydrogen,” noted Pier Lorenzo Dell’Orco, CEO of Italgas Reti. “Injecting it into gas distribution networks delivers multiple benefits: a reduction in CO₂ emissions proportional to the share of hydrogen in the distributed blend, the enhancement of existing networks without the need for additional investment, and the assurance of energy continuity and security. Our experience demonstrates that the transformation of the energy system can be achieved by building on what already exists, innovating in a targeted way and laying the foundations for an increasingly sustainable, low-emission economy.”

“This project represents one of the first initiatives in Italy involving blending up to 20% that engages the entire gas infrastructure chain, from transport to distribution through to end customers. This is a significant step because it allows us to assess not only how current infrastructure performs, but also how domestic appliances behave with a natural gas and hydrogen blend under real conditions. For SGI, the initiative is also part of the process of upgrading its own network to make it progressively compatible with the transport of hydrogen up to 100%,” said Raffaele Maiello, Chief Operating Officer of Società Gasdotti Italia.

The initiative is part of a broader journey in which Italgas plays a leading role in the development and integration of highly sustainable energy vectors. Both Torre de’ Passeri and Hyround fit within this journey: Hyround is Italy’s first plant for the production of green hydrogen directly connected to an urban distribution network, inaugurated in recent months in Sestu (Cagliari). With the Abruzzo project, Italgas further expands its expertise in the use of hydrogen across different infrastructure contexts, consolidating a pragmatic and sustainable model of energy transition.

Enaon: Gianfranco Amoroso appointed Chief Executive Officer

Posted on by adigiuseppe

Milan, 1 June 2026 – Italgas informs that the Board of Directors of Enaon, the Group’s company operating in the gas distribution sector in Greece, has co-opted Gianfranco Amoroso and appointed him as the company’s Chief Executive Officer.

Gianfranco Amoroso boasts extensive experience in the financial sector and in M&A. He has been with Italgas since 2016 and currently holds the position of Head of International Operations.

Enaon holds natural gas distribution licences in 145 municipalities, of which 115 are in operation, serving approximately 650,000 active customers.