Italgas: Changes to corporate events calendar

Milan, February 24, 2021 – Italgas announces that during today’s meeting, the Board of Directors, chaired by Alberto Dell’Acqua, resolved to modify the 2021 calendar of corporate events, moving the Shareholders’ Meeting, originally scheduled for April 14, 2021, to April 20, 2021.

Italgas specifies that the ex-dividend date, the record date and the dividend payment date, already communicated to the market on January 25, 2021, remain unchanged.

The calendar of corporate events is available at https://www.italgas.it/en/investors/financial-calendar/

Medea: in esercizio altri 140 km di rete

Sud Sardegna a tutto metano: Medea (Gruppo Italgas) mette in esercizio altri 140 chilometri di nuove reti native digitali in 7 comuni

Salgono a 410 i chilometri di nuove condotte attivate nella sola provincia Sud (570 in tutta l’isola), oltre alle reti oggetto di conversione. I lavori di attivazione hanno interessato anche Sestu (Cagliari), dove il Gruppo ha in programma la realizzazione di un impianto per la produzione di idrogeno verde da distribuire anche attraverso la rete cittadina.

Cagliari, 6 luglio 2021 – Il gas naturale è una realtà sempre più concreta e diffusa da nord a sud della Sardegna, a disposizione di un numero crescente di famiglie che beneficiano così di una fonte di energia più sostenibile, economica e sicura. Negli ultimi giorni, Medea (Gruppo Italgas) ha completato e messo in esercizio ulteriori 140 chilometri di nuove reti “native digitali”, concentrate nel Sud Sardegna nei bacini attigui a quello di Cagliari, anch’esso in concessione al Gruppo Italgas, oltre a quelle oggetto di conversione da GPL a gas naturale.

Si tratta nello specifico dell’infrastruttura al servizio dei comuni di Sestu e Monastir (bacino 37), Guasila, Samatzai e Samassi (27), Piscinas e Tratalias (35). Qui, come negli altri territori in concessione, Medea ha realizzato nuove reti di distribuzione dotate di sensoristica integrata per il controllo da remoto.

Nei 7 comuni, che contano complessivamente circa 36.500 abitanti, Medea ha già realizzato 5.498 predisposizioni per l’allacciamento e raccolto oltre 6.000 manifestazioni di interesse, la metà delle quali dalla sola città di Sestu.

In particolare, l’importanza della messa in esercizio della rete full digital di Sestu deriva dal fatto che sarà il principale network di distribuzione collegato all’impianto Power to Gas (P2G) che Italgas ha in programma di realizzare nel territorio comunale e che produrrà idrogeno verde. Un impianto che sarà la prima vetrina tecnologica della filiera di produzione dell’idrogeno verde in Italia e consentirà di testare i possibili utilizzi del gas rinnovabile nell’ambito dei contesti urbani: fornitura a industrie energivore del territorio, agli autobus per il trasporto pubblico locale, miscelazione con il gas naturale e distribuzione ai clienti allacciati alla rete.

“La Sardegna ha commentato Paolo Gallo, Amministratore Delegato Italgasè il nostro laboratorio green d’eccellenza al servizio della transizione energetica e dell’obiettivo Ue ‘net carbon zero’. Qui abbiamo posato, in meno di due anni, più di 900 chilometri di reti full digital, le più moderne del Paese. Insieme alla loro progressiva messa in esercizio, stiamo procedendo anche alla conversione a metano delle reti di 36 comuni nel nord dell’isola alimentate a gpl. Il futuro è già tracciato: le nostre reti native digitali distribuiranno non solo gas naturale, ma anche biometano, metano sintetico e idrogeno verde che produrremo direttamente nell’impianto Power to Gas di Sestu”.

Con gli ultimi comuni raggiunti dal gas naturale salgono a 570 i chilometri di nuove reti attivate da Medea sull’isola, 410 dei quali nel solo Sud Sardegna, oltre a quelle oggetto di conversione da GPL a gas naturale. Il primo metano è stato distribuito ad agosto 2020 nelle condotte di Alghero (bacino 6); a novembre dello stesso anno è stata la volta dell’intero bacino 19 nell’oristanese (comuni di Marrubiu, Mogoro, Palmas Arborea, Santa Giusta, San Nicolò D’Arcidano e Uras), quindi a febbraio 2021 i chilometri di reti attivate sono stati 150, nei comuni di Barrali (bacino 26), Sanluri e Serrenti (27), Masainas e Villaperuccio (35), Nuraminis e Villagreca, Ussana e San Sperate (37) tutti nel Sud Sardegna, Irgoli, Loculi e Onifai (15) nel nuorese.

Italgas Reti: Nunzio Ferrulli nominato Presidente della Società

Laureato alla facoltà di Giurisprudenza della “Sapienza” di Roma e Master in Management alla London School of Economics, Ferrulli è in Italgas dal novembre 2016 con la carica di Direttore Affari Istituzionali e Regolatori. All’interno del Gruppo è componente del CdA di Italgas Acqua, da gennaio 2020 siede nel Consiglio di Amministrazione di Italgas Reti e da aprile 2021 in quello di Toscana Energia. Attualmente è componente anche del Comitato di Presidenza di Anigas. In precedenza, ha maturato importanti esperienze professionali in Edison, Acea, Philip Morris e Grandi Stazioni.

Italgas Reti è la principale delle società operative del Gruppo Italgas, gestisce una rete di circa 70.000 chilometri di condotte in oltre 1.700 Comuni, con più di 7,5 milioni di contatori attivi e circa 8 miliardi di metri cubi di gas distribuiti ogni anno.

Il Consiglio di Amministrazione di Italgas Reti, nella seduta di ieri, ha provveduto anche alla cooptazione nella carica di Consigliere di Peter Durante, Direttore Human Resources & Organisation di Italgas. Il CdA è quindi ora composto da Nunzio Ferrulli, Presidente, Pier Lorenzo Dell’Orco, Amministratore Delegato, Francesca Carlesi, Peter Durante e Alessandra Piccinin

2021 – 2027 Strategic Plan Presentation

Italgas Top Management presents the 2021-2027 Strategic Plan.

The event will take place in virtual mode on June 15th at 2:30 pm CEST.

Follow the presentation live

ITALGAS PRESENTS ITS 2021-2027 STRATEGIC PLAN

7.9 billion euro investments to extend the network, complete the digital transformation and drive the energy transition, boosting the development of renewable gases and energy efficiency

Rome, June 15th, 2021Italgas Chief Executive Officer, Paolo Gallo, is today presenting to analysts and investors the Group’s Strategic Plan for the 2021-2027 period, which was approved yesterday by the Company’s Board of Directors chaired by Alberto Dell’Acqua.

The new Plan envisages an investment program of 7.9 billion euros, with an increase of 0.4 billion euros compared to the previous Plan presented in October 2020. The increase in investments is driven by digitization, with the aim of completing the digital transformation of assets in 2022 and making Italgas a leading player in the energy transition for all intents and purposes; a Plan in line with European decarbonization targets and the development of renewable gases such as biomethane, synthetic gas and green hydrogen.

The new 2021-2027 Plan is structured along five main pillars: (i) digital transformation and technological innovation that will enable Italgas to play a key role in the energy transition; (ii) repurposing and upgrade of the infrastructure to accommodate and distribute renewable gases, and network extension also through M&A and gas tenders; (iii) new growth opportunities by enhancing the Group’s expertise in the energy efficiency, water and IT services sectors; (iv) insourcing of core skills, further boost to people reskilling and upskilling (v) a solid and efficient financial structure to support growth opportunities and continue to ensure an appropriate return for shareholders.

The Plan integrates ESG factors and meets the challenges of sustainability by setting new targets for the Company in terms of emissions reduction, energy efficiency,  competences and people development to make the change effective.

Highlights

  • Total investment Plan of 7.9 billion euros, of which 2 billion euros dedicated to gas tenders; 
  • More than 1.4 billion euros for network digitization (+32% compared to previous Plan);
  • 30% reduction in greenhouse gas emissions and 25% reduction in energy consumption;
  • First step in growth strategy in the energy efficiency sector with the acquisition of the ESCo Ceresa SpA;
  • Consolidation of the Group’s Information Technology activities into a new corporate vehicle;
  • Strong attention to Gender Equality and focus on training (600,000 hours);
  • Optimization of the financial structure and use of financial instruments characterized by sustainability profiles;
  • Dividend policy confirmed until 2023.

Paolo Gallo, CEO of Italgas, commented: 

“Digital transformation remains the main enabler of our growth with the aim of completing network digitization by 2022 and drawing the roadmap that will confirm the strategic role of gas networks as a key driver of the energy transition to achieve EU net carbon zero targets. 

With 7.9 billion euros investments, an increase compared to the previous Plan presented last October, Italgas confirms its position as one of Italy’s leading industrial groups in terms of planning, execution and value generation for the communities it serves, able to give a strong boost to the recovery of our Country. 

The largest amount of investments is allocated for the repurposing of the 73,000 km network and its further extension to unreached territories, also to support the development of biomethane, expected this decade, and other renewable gases such as green hydrogen, to be accommodated and distributed through our network. 

This capability for innovation is reflected in the technology applied to the networks we are building in Sardinia, which are already the most advanced in the country. On the island, we have met the challenge of starting to distribute methane in just over two years, and we are close to completing the construction of 1,100 kilometers of digital native grids which will be suitable for receiving green hydrogen blending, produced by our Power to Gas plant in the province of Cagliari. 

The unlocking of gas tenders, for which we have allocated 2 billion euros, would activate important investments and also would enable the digital transformation of networks which are not involved in this kind of actions due to the current impasse.

In line with the EU Commission’s recommendations to DSOs, we are strengthening our commitment in the energy efficiency sector, working on the acquisition of new competences, also through M&A transactions. 

We will support the implementation of this Plan, and therefore the growth of our Group, through our people and our financial resources. For the former, important training and recruitment initiatives are planned in order to acquire additional digital skills, functional to the energy transition, always focusing on Diversity & Inclusion. Through traditional and sustainable finance, the Company will continue to raise the necessary resources on the market, being able to count on a profitability and a solid cash generation ability, firmly supported by the great attention to operational efficiency”.

“Ideas 4 Italgas – Gas grid of the future” Italgas and SkipsoLabs launch a call for the best international startups

Milan, 3rd June 2021 Further boosting the energy transition process through the use of increasingly cutting-edge digital technologies. With this goal in mind Italgas, the leading operator in Italy and the third in Europe in natural gas distribution, and SkipsoLabs, a company that provides advisory services and technology platforms for innovation, today launched a new Call for Innovation titled “Gas grid of the future”. 

The initiative, which is part of the “Ideas 4 Italgas” programme launched by the company at the end of 2020, is aimed at the best startups in the world and will focus research on three specific areas:

  • Technical 4.0. New technological solutions for plant maintenance activities, in order to simplify operations and promote ever greater personnel safety;
  • Gas Grid monitoring and transformation. Systems for monitoring, managing and balancing gas networks, which accelerate the digital transformation process and through it the introduction and distribution of different gases such as biomethane, hydrogen and synthetic methane;
  • Smart city & mobility. Value-added services, based on distributed IoT, which enable the Italgas network (withdrawal stations, distribution network and meters) to contribute to the development of smart cities and increasingly sustainable mobility.

Italgas has been engaged for years in the digital transformation of its assets and processes, and at the same time in the dissemination of a digital culture in its organisation, also through the training and reskilling of its people. Having a “full digital” network is the technical precondition for immediately receiving and distributing renewable gases, promoting a faster transition towards the EU’s 2050 net carbon zero targets. Technological innovation becomes the main enabler of the process of decarbonization and, thanks to the open innovation approach pursued by Italgas, becomes available everywhere in the world.

The strategic role of SkipsoLabs, which supports the creation of innovation ecosystems around the world, will allow Italgas to expand its search for startups globally, simplifying its management. The proprietary technological platform, activated for the project, will allow management and operations to be centralised and made more efficient, also through an easier sharing of information with all the players involved.

“Open innovation – comments Paolo Gallo, CEO of Italgas – is a natural solution for us, given the important digital transformation we are carrying out in the company. We started in 2018 by integrating the most advanced technology for network monitoring into our systems. Since then, we have started a path made of uninterrupted research of innovative technologies. Today, with Ideas 4 Italgas, these activities have become structured and more agile and with SkispoLabs we can count on an even wider pool of startups. These elements allow us to set the basis for a further technological improvement of our operations”.

We are honoured to support Italgas in this call for startups dedicated to a crucial sector such as energy distributionadds Carlo Soresina, co-founder and CEO of SkipsoLabswhich also allows us to strengthen our commitment to supporting organisations that are driving the energy transition towards a sustainable future. Open innovation is a unique opportunity for scouting and selecting the best startups, and our international approach will connect Italgas to the global innovation ecosystem of incubators and accelerators to test new evolutionary scenarios“.

The call is open to Italian and international startups and SMEs that develop products and services based on sustainable and original business models in line with Italgas’ strategy, and that will be able to offer solutions capable of addressing the challenges posed by energy sustainability targets.

Interested startups will have to send their application on the innovation platform by 18 July 2021. Candidates will be assessed by a committee of experts, the best projects will be presented to Italgas in September and, following a further selection process, will have the opportunity to work in close collaboration with the company to start the codesign phase and define an experiment applicable to the sector.

Gas Distributors for Sustainability (GD4S) publishes White Paper promoting the role of gas networks as key enabler of the EU’s energy transition

Brussels, 3rd June 2021 – The potential of renewable gases, the strategic role of gas distribution networks and the commitment of Distribution System Operators (DSOs) to meeting shared climate ambitions, form the basis of ‘Gas grids – a key enabler of decarbonisation’, a White Paper published today by Gas Distributors for Sustainabiltiy (GD4S), the EU’s European gas association in which participate the seven major DSOs from seven countries.

Using illustrative case study examples, this comprehensive position paper demonstrates gas DSO decarbonisation in action and affirms GD4S’ commitment to delivering on carbon neutrality by 2050.

Delivered in three sections and with 26 policy recommendations for the consideration of EU policy makers, the paper offers an overview of how gas grids will enable the achievement of decarbonisation targets aligned with the Green Deal.

– Section 1 details how the potential of renewable gases may be leveraged to reach climate neutrality – Biomethane, green hydrogen and synthetic methane to become essential to the energy transition process as carbon intensive fuels are phased out.

– Section 2 describes how gas grids deliver is an asset for decarbonisation and sector integration – Flexible and expansive gas distribution networks are crucial in the decarbonisation process and vital in the context of sector coupling between gas and electricity. Their capability to transport and store energy and offer flexibility for electricity production from renewable sources is also explored.

– Section 3 outlines GD4S’ commitment to decarbonisation through methane emissions’ mitigationThe Association’s commitment is highlighted through an approach based on innovation in leak detection, digitalisation of the networks, measurement of emissions through real data and promotion of the use of renewable gases.

In presenting its position paper now, GD4S seeks to have its specific recommendations incorporated, as appropriate, in current and forthcoming legislative reviews, including the review of the gas legislative framework, the RED II and Energy Efficiency Directive reviews, the TEN-E Regulation, the Alternative Fuel Infrastructure Directive, and the envisaged obligations around methane emissions’ reduction.

Commenting on the significance of today’s release, Paolo Gallo, President of GD4S, said: “This White Paper allows us present in a single document positions that we, as an Association,have long been advocating and which have been affirmed in recent statements from the European Commission. Gas networks will play a key role in both the energy transition and after 2050 when decarbonisation is achieved.”

Mr. Gallo continues: “Thanks to their extensive reach, new, digital smart grids will soon be able to transport renewable gases, such as biomethane, green hydrogen and synthetic methane, accelerating the achievement of the net-zero targets. DSOs need a clear regulatory framework supporting innovation and investments in upgrading existing networks over the long term. GD4S and its members are committed in building a carbon-neutral economy and in cooperating with policymakers and stakeholders to help achieve EU climate and energy targets”.

The paper, available to view full https://gd4s.eu/white-paper has been signed by Paolo Gallo, CEO, Italgas (Italy) and President of GD4S; Dan Pantilie, CEO, Distrigaz Sud Retele (Romania); Denis O’Sullivan, Managing Director, Gas Networks Ireland (Ireland); Narcís de Carreras, CEO, Nedgia (Spain); Laurence Poirier-Dietz, Managing Director, GRDF (France); Gabriel Sousa, CEO, Galp Gás Natural Distribuição (Portugal) and Leonidas Bakouras, General Manager, Eda Thess (Greece). A summary of the key points of the position paper, together with its recommendations, is also available to view.

Later this year, GD4S will present its first ‘Sustainability Charter’, which will detail the Association’s long-term sustainability commitments across Social, Environmental and Governance pillars, aligned to United Nations Sustainable Development Goals (UNSDGs).

Italgas: Clarification on the Press Release on the consensual resolution of the employment relationship with the General Manager Finance and Services, Antonio Paccioretti

Milan, 31 May 2021 – In relation to the press release on the Consensual resolution of the employment relationship with the General Manager Finance and Services, Antonio Paccioretti, published today, the Group clarifies that it is not aware of the reasons of doctor Paccioretti that led him to the consensual resolution of the employment relationship.

Italgas: Gianfranco Amoroso appointed CFO of the company

Milan, 31 May 2021 – Italgas announces that as of 1 June 2021, Mr. Gianfranco Amoroso, former Head of Finance Planning and Control and Head of M&A, will assume the position of Chief Financial Officer of the Company.
Gianfranco Amoroso has a deep knowledge of economic and financial matters and a long experience in Italian industrial companies and investment banks where he has taken overtime increasing responsibilities.
In Italgas since 2016, the year of its return to the stock market, Gianfranco Amoroso has held several positions of responsibility within Italgas’ perimeter and is one of the main reference managers of the financial and M&A strategy that has effectively supported the growth of the Italgas Group in the last five years.

Italgas informs of the consensual resolution of the employment relationship with the General Manager Finance and Services, Antonio Paccioretti

Milan, 31 May 2021 – Italgas informs that Mr. Antonio Paccioretti, General Manager Finance and Services, reached an agreement for the consensual resolution of his employment relationship with effect from 1 June 2021; moreover, Mr. Paccioretti resigned from all the other positions held in the companies of the Group.
The agreement was approved today by the Board of Directors of Italgas, following the positive opinion of the Nominating and Remuneration Committee and in accordance with Italgas’ regulations on related party transactions, as the agreement concerns an executive with strategic responsibilities.
The agreement provides for a non-competition commitment on Mr. Paccioretti’s part for a duration of three years starting from the termination of his employment, against payment to him of Euro 170,000 per annum, in line with the law, as well as an obligation on his part, in the event of breach of the agreement, to refund any amounts received under the agreement and to pay a penalty.
With the agreement, Mr. Paccioretti renounces to any and all rights, claims and actions relating to his employment relationship, including rights related to the incentive plans in place in the Company (Co-Investment Plans 2018-2020 and 2021-2023, Long-Term Monetary Incentive Plans 2017-2019 and 2020-2022).
The agreement is in line with the general criteria of the Company’s current Remuneration Policy, as approved by the Shareholders’ Meeting of 20 April 2021, which, in order to protect the interests of the Company and all Shareholders, provides for the possibility of defining non-competition agreements pursuant to Article 2125 of the Italian Civil Code for roles with specific knowledge of the business in the case of the end of the relationship with the Company, with the provision of penalties in the event of non-compliance.
According to the information available to the Company as of today, Mr. Antonio Paccioretti holds no. 76,958 shares of Italgas.
The Company is grateful to Mr Paccioretti for his positive contribution to the growth of the Group over the years and wishes him all the best for his future professional challenges.

Last update: