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Italgas has officially started the management of Atem Belluno: planned investments totalling 135 million euros

The expansion of the networks to 17 new municipalities is planned, adding to the current 34 ones already served by methane, bringing the number of users served to approximately 85,000, almost doubling them.

Belluno, February 1, 2024 – The official start of Italgas management of the natural gas distribution service in the Belluno territorial area begins today.

After winning the tender in 2020 and signing the Service Contract in recent days, Italgas has initiated the management of the service., which concession has a duration of 12 years and involves the implementation of a significant investment program totalling approximately 135 million euros.

“Today marks the conclusion of a long and complex journey commented Italgas Reti CEO Pier Lorenzo Dell’Orco and the beginning of a new and particularly challenging chapter for our company. With the beginning of Italgas management of the Atem of Belluno, we can unleash our capacity to make investments, ensuring innovation, efficiency, and sustainability for the communities. We are ready to make a difference in a partially new territory for us. The projects we already have in progress will make the network entirely digital, allowing us to accommodate and distribute renewable gases such as biomethane, synthetic methane, and, in the not-too-distant future, hydrogen”.

In the area, at the time of the tender announcement, there were 34 municipalities served by approximately 990 kilometers of networks, totaling 47,000 end-users and a Regulatory Asset Base (RAB) exceeding 43 million euros.

Among the key investments outlined in the Italgas plan, forming the foundation of the successful bid in the Competitive Tender, notable highlights include:

  • the increase in the number of users served, from around 47,000 to approximately 85,000 over the 12-year concession period;
  • the complete digitization of the network and facilities, including the installation of smart meters for 100% of current and future users;
  • the construction of approximately 300 kilometers of new networks and the methanization of additional 17 new municipalities.

The above-mentioned plan will also create a significant boost for the local economy, fostering sustainable growth in the region with positive implications for employment and communities. With Italgas, the area will acquire a cutting-edge infrastructure, ready to accommodate renewable gases.

Italgas among the excellences of Dow Jones Sustainability Index Europe and Dow Jones Sustainability Index World: first among Gas Utilities

Milan, 9 December 2023Italgas came first globally among Gas Utilities for the excellent performances achieved in the field of sustainability. This is the result made official by S&P Global Corporate Sustainability Assessment 2023 that confirmed the Company’s inclusion in the Dow Jones Sustainability Index Europe and in the Dow Jones Sustainability Index World, for the third and fifth consecutive year respectively.

The two indexes, managed by S&P Global, include companies that excelled globally in their approach to sustainability. More in details, in the latest Assessment Italgas achieved a score of 89 points out of 100 (score date: 24 November 2023), above the other 421 companies in the gas utility sector. 

The result achieved confirms the goodness of the Group’s choice to integrate more and more the Strategic Plan with the Sustainability Value Creation Plan on a path that sees a continuously growing commitment of the Group to improving all aspects related to sustainability, from the flight to climate change, to value creation for the stakeholders and the local communities.

A commitment well represented in the Sustainability Value Creation Plan 2023-2029, “Builders of the future – The journey continues” and in the second TCFD Report “2022-2023 Driving innovation for energy transition” that will be made available to stakeholders on Italgas’ corporate website next 18th of December.

The confirmation of inclusion in the DSJI Europe and World follows similar strong results achieved by Italgas in 2023, such as the inclusion in the FTSE4Good Index Series, the confirmation of the ESG Corporate Rating of A- Prime rating by ISS and of the AA rating by MSCI ESG Ratings, and the improvement of the ESG score by Moody’s ESG Solutions.


1Companies in the Gas Utilities Industry assessed by S&P Global Corporate Sustainability Assessment so far in 2023

Italgas and Tokyo Gas Network: agreement to develop the future gas distribution network

Tokyo, December 4th, 2023 – Italgas and Tokyo Gas Network have signed a Memorandum of Understanding (MoU) at the Italian Embassy in Tokyo to initiate a collaboration in strategic areas of gas distribution aimed at developing joint projects. Italgas is a leader in the industry in Italy, Greece, and ranks third in Europe; Tokyo Gas Network is a subsidiary of Tokyo Gas, the primary natural gas utility in Japan.

The agreement was signed in Tokyo by Paolo Gallo, CEO of Italgas, and Kunio Nohata, Director and Chairperson of the Board of Tokyo Gas Network.

Gianluigi Benedetti, the Ambassador of Italy to Japan stated: “The signature of this MoU holds great significance for the further development of the economic cooperation between Italy and Japan in the field of energy, a strategic area for the prosperity of our economies and the future of our societies. The MoU lays the ground for Italgas and Tokyo Gas Network – two major player in their respective energy distribution national markets – to join forces, cooperate and share technologies to bring about new and innovative industrial projects. This new partnership perfectly interprets the spirit and serves the economic and industrial goals of the bilateral “Strategic Partnership” – launched last January by Heads of Government Giorgia Meloni and Fumio Kishida – which were reaffirmed during the 33rd General Assembly of the Italy-Japan Business Group held in Tokyo on November 7”

“TGNW is very honored to sign this MoU stated Satoru Sawada, CEO of Tokyo Gas Network. Based on this MoU, we would like to build a cooperative relationship in various fields, including carbon neutral and earthquake disaster management, and work together to develop the gas distribution business of both companies. Toward the goal of achieving both stable energy supply and decarbonization, as stated in the group’s mid-term management plan “Compass Transformation 23-25,” Tokyo Gas Network will work on enhancing the operation and resilience of its supply network.”

“We strongly believe in global engagement and cooperation – stated Paolo Gallo, CEO of Italgas. – Especially with organizations that, like us, believe that technological innovation is the driving force behind their growth trajectory. In this regard, our collaboration with Tokyo Gas Network is strategic as it will further strengthen our pursuit of new solutions and the scouting of technologies capable of making our service increasingly efficient, resilient, and sustainable, bringing us closer to the goal of achieving net zero.”

With this MoU, the two companies share their expertise and resources to promote resilience, innovation, and sustainable development of gas distribution networks. Specifically, the Memorandum immediately facilitates the exchange of technological knowledge and best practices in the following areas

  • Innovation and digitalization. Italgas will share with Tokyo Gas Network the outcomes, approaches, and innovative digital solutions developed by the Digital Factory to enhance network management, boost operational efficiency, and ensure the sustainability of gas distribution.
  • Seismic resilience. The technology developed by Tokyo Gas Network in a highly seismic region like Japan will also be implemented in certain sections of Italgas’ network to further enhance its resilience and assess its widespread application.
  • Green gases. The companies will exchange their respective experiences gained in experimenting with new solutions to enable networks for the distribution and management of green gases such as biomethane, hydrogen, and synthetic methane.

UN Environment Programme: Italgas confirmed “Gold Standard” for the third consecutive year by the International Methane Emissions Observatory

Milan, December 1, 2023 – Italgas has, for the third consecutive year, achieved the prestigious “Gold Standard” recognition within the report of the International Methane Emissions Observatory (IMEO), published by the United Nations Environment Programme (UNEP) with the support of the European Commission. The report, presented today in Dubai during COP28, provides a detailed analysis of methane emissions data provided by companies under OGMP2.0, evaluating progress towards reducing these emissions.

The recognition was granted due to Italgas’ continued commitment to monitor and reduce methane emissions, highlighting the considerable expertise gained in their measurement, especially through the adoption of innovative technologies. Moreover, the report emphasized how Italgas has presented one of the most ambitious implementation plans in the distribution sector.

Italgas has demonstrated commitment to reducing methane emissions through the implementation of cutting-edge solutions, such as Picarro’s CRDS (Cavity Ring-Down Spectroscopy) technology. This technology offers significant advantages in terms of speed, sensitivity, and comprehensiveness of control compared to traditional methodologies.

Furthermore, the report acknowledges Italgas’s leadership role in the sector, promoting proactive behaviors aimed at reducing emissions, not only within its own company but also among other sector operators.

The “An Eye on Methane” report is based on data collected in the third year of implementation of the OGMP 2.0 initiative, the framework introduced by UNEP in 2020 for monitoring and reporting methane emissions.

Italgas unveils Nimbus, the World’s smartest ‘H2 Ready’ Smart Meter at Enlit in Paris

Paris, November 29, 2023 – Italgas unveiled today in Paris the world’s most cutting-edge ‘H2 ready’ smart meter. This technological gem enables Italgas networks to efficiently accommodate, distribute, and measure various types of gases, including blending among them.

 

The unveiling took place during the 2023 edition of Enlit Europe, an international event focused on global energy agenda themes, currently held in Paris this year. In this international setting, Pier Lorenzo Dell’Orco, CEO of Italgas RETI (the main operating company of the Italgas Group), unveiled Nimbus, the future smart meter developed in-house by Italgas RETI in collaboration with Bludigit, the group’s tech company.

Nimbus – explained Pier Lorenzo Dell’Orco, CEO of Italgas RETI – is the outcome of intensive research, design, and development efforts where we leveraged the significant know-how gained during these years of comprehensive digital transformation of assets and processes. We are aware that we have achieved a new technological leap, allowing us not only to confirm our global benchmark status but above all to contribute to consumption decarbonization targets by enabling a more efficient distribution of renewable gases. Nimbus, an all-Italian project, will be the new offering for the international distribution market, bringing us closer to the net-zero economy and offering a range of innovative functions for integrated service management.”

“The new ‘H2 ready’ meter, featuring a modular and incredibly compact design, will push the boundaries of technology, excelling in performance, safety, and sustainability. Among its key components stand out:

  • A gas flow measurement system using static, particularly thermo-mass-based technology, compatible with natural gas and methane-hydrogen blends of over 20%.
  • A seismic sensor and an external temperature detection sensor capable of interrupting gas supply in the event of seismic activities and fires, enabling data sharing with authorities responsible for territorial security.
  • Specific anti-tampering solutions promptly detecting attempts to manipulate or disconnect the device.
  • Communication modules utilizing NB-IoT and LoRaWAN technologies as primary networks, alongside an additional backup channel employing mesh technology. This backup channel enables a meter to transmit data even without a signal by leveraging connectivity with the nearest smart meter. The aim is to maximize field tele-reading and remote management performance.
  • An expected lifespan of at least 15 years for all components of the device, including the operational batteries, significantly surpassing the current commercially available smart meters.
  • Use of recycled materials.

 

The initial 20,000 units of Nimbus will be installed and operational within the upcoming weeks, with the large-scale installation across Italgas’ 8 million customers set to commence in the second half of 2025.

 

Nimbus signifies an advanced platform for a new meter-to-cash service offering tailored to the gas distribution sector.

 


The images and the video of the Nimbus presentation
are available by scanning this QR code

DEPA Infrastructure (Italgas Group): corporate simplification in Greece completed

Athens, October 5th, 2023 – Italgas Group announced the successful completion of the corporate simplification process related to its operational presence in Greece.

 

Specifically, the merger by incorporation of EDA Thess and EDA Attikis, both subsidiaries of Depa Infrastructure Group into DEDA (Public Gas Distribution Company S.A.) has been finalized.

 

As a result of this merger, DEDA is responsible for the development and management of the gas distribution service in all regions of Greece where the Depa Infrastructure Group operates. It currently manages approximately 7,700 km of network and serves over half a million customers.

 

Following the merger, the Shareholders’ Assembly of DEDA has renewed the Board of Directors and appointed Alessandro Menna as the President of the company. Subsequently, the Board of Directors has appointed Francesca Zanninotti as the Chief Executive Officer.

 

Francesca Zanninotti, a management engineer, brings extensive expertise in the gas distribution sector. She has previously served as the CEO of DEDA and EDA Thess, as well as the CEO of Medea, the Italgas Group subsidiary overseeing Sardinia methanization, and AcamGas in Liguria.

Italgas in Silicon Valley: meeting at INNOVIT with Energy Start-ups

San Francisco (USA), September 22, 2023 – As part of the internationalization program promoted by the Italian Innovation Center at INNOVIT, Italgas has officially launched its space in San Francisco and met with a curated selection of startups dedicated to energy and sustainability.

The presentation of the proposals developed by these start-ups took place during an event on the theme “Energy transition – Inventing our decarbonized future”. The aim of the event was to promote interaction between start-ups and established industrial companies and to highlight the commitment and efforts of all stakeholders in the challenge of decarbonization and the pursuit of energy transition.

Introduced by the Italian Consul General in San Francisco, Sergio Strozzi, and moderated by Alberto Acito, Director of the Innovation Center, the event was attended by Italgas CEO, Paolo Gallo. He emphasized the importance of collaboration between Italgas and the technological ecosystem of Silicon Valley, as well as the opportunity for young companies in the acceleration program promoted by INNOVIT to interact with one of the leading international energy companies.

Italgas is no stranger to engaging in the world of innovation, and its various global initiatives (“call for startup”) have allowed the identification of very effective applications, not only within its industrial processes, but also throughout the entire industry. Italgas has provided many of them with the necessary support to maximize the impact of innovations, patent ideas and apply them in other industrial sectors.

“Our efforts,” stated Paolo Gallo, CEO of Italgas, “have always been directed towards continuous scouting, both in Italy and abroad, for innovative solutions that can improve the performance of our company and, in perspective, the entire gas distribution sector and, consequently, the whole Country. We have decided to go even further by establishing a stable presence at INNOVIT, our technological outpost. We believe in the open innovation approach, which allows companies to grow faster and enhance their competitiveness”.

“Innovation and new technologies are essential for the development of sustainable, safe and accessible energy infrastructures” said Alberto Acito, Director of the Innovation Center. “The opening of Italgas’ Silicon Valley technological outpost at INNOVIT is an important signal for Italian startups in the field of clean technologies. Silicon Valley continues to be the engine of innovation, and I hope that other companies will follow Italgas’ example, both to enter the U.S. market and to accelerate the adoption of new technologies and improve their competitiveness in international markets”.

INNOVIT is promoted by the Directorate General for the Country System of the Ministry of Foreign Affairs and International Cooperation, in collaboration with the Italian Embassy in Washington and the Consulate General in San Francisco. It is managed with the support of ICE – the Agency for the Promotion of Italian Enterprises Abroad – and the Italian Cultural Institute in San Francisco. Its mission is to stimulate innovative entrepreneurial ideas, catalyze cross-border innovative projects, and accelerate their international development, enabling Italian entities to establish a stable presence in Silicon Valley and across the United States. It is a strategic initiative of the Italian government to promote innovation within the national system in the United States.

Since October 2022, the management of the Italian Innovation Center at INNOVIT has been entrusted to the Giacomo Brodolini Foundation, a think-and-do tank for innovation and local development, and Entopan Innovation, an incubator and accelerator within the Harmonic Innovation Group.

Italgas obtains UNI/PdR 125:2022 gender equality certification

Milan, September 7, 2023 – Italgas S.p.A. has obtained the UNI/PdR 125:2022 certification for gender equality, which recognizes the ability of organizations to adopt a systemic approach and cultural change capable of creating inclusive and equal working environments.

The important result, achieved after an intensive internal audit process, was attested by DNV, an independent body operating in more than one hundred countries for certification, assurance and risk management services.

The organization’s inclusiveness and respect for gender equality were ascertained through the assessment of six specific areas: culture and strategy, governance, HR processes, opportunities for growth and inclusion of women in the company, gender remuneration equity, protection of parenthood and work-life balance.

With the UNI/PdR 125:2022 certification, Italgas reaches another important milestone on the path towards the creation of an increasingly inclusive work environment, capable of valuing the diversity of people and enabling them to develop their potential.

Gender equalityexplained Italgas CEO Paolo Gallois a goal we have set ourselves for some time. A focus that in the latest Strategic Plan, presented last June, has been translated into even more ambitious targets, in terms of number of positions of responsibility and equal pay. These targets are part of a sustainable growth path that relies on the irreplaceable driving force of motivated people in harmony with the context”.

Gender Equality is one of the 17 Sustainable Development Goals set by the UN (Goal 5), which is also supported by PNRR Mission 5.

The Italgas stock has been confirmed for the seventh consecutive year in the FTSE4Good Index Series.

Milan, 27 July 2023 – The Italgas stock has been confirmed for the seventh consecutive year as part of the FTSE4Good Index Series, which globally groups the best companies distinguished for their commitment to sustainable economic development.

The current review has resulted in a sustainable performance rating of Italgas at 4.3 points (out of a maximum of 5), an improvement compared to the previous score of 4.2.

The achieved result places Italgas above the Italian companies’ average and above the international sector average, confirming the Group’s strong commitment to people’s well-being, the protection of the planet, and the promotion of partnerships for sustainable development – the pillars of its Sustainable Value Creation Plan.

Italgas confirmed for fourth consecutive year in S&P Global Sustainability Yearbook

Milan, 7 February 2023 – Italgas has been included for the fourth consecutive year in the Sustainability Yearbook, the annual publication by S&P Global that collects best practices, experiences, case histories from world’s top sustainability leaders.

Italgas also confirmed its leadership with inclusion in the ‘Top 1% S&P Global ESG Score’ category, thanks to its excellent performance.

The result was achieved after the Corporate Sustainability Assessment (CSA) conducted in 2022: 708 companies, out of 7,800 assessed, were included in the Sustainability Yearbook 2023 based on their ESG scores.

This achievement is further confirmation of Italgas’ focus on the key criteria of sustainability, environmental, social and governance, as well as its commitment to achieving targets to reduce the carbon footprint and energy consumption associated with its activities.