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Hera Group: with NexMeter the gas meter goes green

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Press releases
26/03/2024
Other press releases
Hera Spa
Price sensitive
Financial Results

Hera Group approves results as at 31/12/2023

<p><em>The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule. The Group’s financial solidity and flexibility allowed it to continue along its path of industrial growth, increasing its investments and successfully grasping market opportunities, both internal and external, while continuing to generate value benefitting all stakeholders. The proposed dividend was raised, reaching 14 eurocents per share</em></p>
Online since 26-03-2024 at 12:47
Press releases
24/01/2024
Price sensitive
Financial Results
Hera Spa
Other press releases

Hera Group presents Business Plan to 2027

<p><em>Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change. The preliminary results for 2023 outperform the previous Plan’s goals that have been achieved three years ahead of schedule, thanks to the numerous development actions implemented and the Group’s ability to grasp market opportunities.</em></p>
Online since 24-01-2024 at 12:02
Press releases
22/01/2024
Shareholders’ meeting
Hera Spa
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Price sensitive

Calendar of corporate events

Online since 22-01-2024 at 13:24
Press releases
08/11/2023
Hera Spa
Financial Results
Price sensitive

Hera Group BoD approves 3Q 2023 results

<p><em>The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy. Respecting the goals set out in the business plan, the Group once again combined corporate growth and the creation of value for all stakeholders, as is proven by net investments and corporate acquisitions, up by more than 18% overall.</em></p>
Online since 08-11-2023 at 11:36
Press releases
26/07/2023
Hera Spa
Price sensitive
Financial Results

Hera Group: significat growth in 1H 2023 results

<p><em>The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness of the choices made by management. The Group continues to pursue the goals set out in its Business Plan, combining corporate growth and sustainable development, with value created for all stakeholders, first and foremost the local communities served.</em></p>
Online since 26-07-2023 at 13:13
Press releases
17/07/2023
Price sensitive
Hera Spa
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Italy: EIB provides €460 million to Hera Group to boost the green transition, decarbonisation, the circular economy, and protection of water resources

Online since 17-07-2023 at 11:40
Press releases
15/05/2023
Hera Spa
Shareholders’ meeting
Price sensitive

Publication of documents pertaining to the Shareholders Meeting

Online since 15-05-2023 at 10:59
Press releases
10/05/2023
Shareholders’ meeting
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Hera Spa

Independence requirements for directors and statutory auditors verified and Internal Committees appointed

Online since 10-05-2023 at 15:02
Press releases
10/05/2023
Hera Spa
Price sensitive
Financial Results

Hera Group Board of Directors approves 1Q 2023 results

<p><em>The consolidated quarterly report at 31 March shows growth in the main operating-financial indicators, once again proving the financial solidity and strength of the Group’s multi-business model. Hera continues to combine corporate growth with sustainable development, confirming its commitment to creating value for all stakeholders and the local communities.</em></p>
Online since 10-05-2023 at 12:27
Press releases
27/04/2023
Hera Spa
Shareholders’ meeting
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Hera Shareholders Meeting: new Board of Directors appointed, 2022 financial statements approved and dividend increased to 12.5 cents

<p><em>The Group continues along its path of growth, creating value shareholders and the local areas served. Cristian Fabbri appointed Executive Chairman of the Board of Directors and Orazio Iacono confirmed as CEO.</em></p>
Online since 27-04-2023 at 16:13

Asset Publisher

30/11/2021
Hera Group: with NexMeter the gas meter goes green

Hera’s smart gas meter 4.0, the first of its kind internationally in terms of safety functions, is already prepared for its first experimentation in the network with hydrogen, and its construction in recycled plastic further confirms the commitment to the energy transition and circularity. Not only equipped with outstanding technology and functions, including reducing gas dispersion into the atmosphere, the device is at the centre of the first experimentation in Italy with the use of hydrogen in domestic gas distribution

With the Hera Group, also gas distribution is going green. NexMeter, Hera’s smart gas meter 4.0, the first of its kind worldwide in terms of cutting-edge technology and safety functions, including reducing gas dispersion into the atmosphere, will be made from recycled plastic and can already be used for distributing hydrogen in the network up to a maximum of 20% compatibility, with a trial planned in the coming months.  

This advanced meter is therefore a concrete example of the Hera Group’s commitment to the energy transition and carbon neutrality, focusing on green gases, such as biomethane, hydrogen and green syngas, and contributing to the fight against climate change.

Furthermore, it results from Hera’s experience and know-how in management of the gas distribution service, combined with continuous investments in innovation, research and development, and confirms the Group’s collaboration with outstanding partners: Panasonic, the Japanese multinational global leader in electronic products and components, and Pietro Fiorentini, an Italian company and market leader in creating products and services for the entire natural gas chain.

The advanced version of NexMeter will be previewed today in Milan at Enlit, the most important event in the sector.

NexMeter gets the “stamp” for hydrogen operation

The new NexMeter is now ready to be used with hydrogen distributed through the network, having obtained the “stamp of approval” certifying its compatibility with green gas mixtures. This is thanks to the metrological certification carried out by Tifernogas, a notified body pursuant to the relevant Directives (2014/32/EU MI-002 and MI-008), and the construction analysis concerning the compatibility of its materials with blending hydrogen and methane, carried out by RINA, an international engineering, consulting, inspection, quality assurance and quality control company in the energy sector.

An immediate debut: initial experiments with hydrogen in the domestic gas network soon to be underway

NexMeter’s first field test involving hydrogen will be carried out during the next few months, as part of a wider set of activities aimed at certifying the entire Hera Group’s supply chain as qualified to use green gases. More specifically, it involves introducing a mixture of natural gas and hydrogen into a portion of the distribution network managed by the Group, involving around thirty households in Castelfranco Emilia in Modena province.

This is the first experiment of this kind in Italy as regards domestic gas distribution, and it aims at studying innovative solutions to contribute to the local area’s needs as regards decarbonisation, with benefits for the environment as well.

The trial is also part of the Group’s broader strategy for developing hydrogen in a two-fold perspective: on the one hand, upgrading its assets, starting with the gas distribution networks, and on the other, creating new business opportunities, which Hera can make the most of by leveraging its multi-business expertise, including partnerships with other major industrial operators.

A green device with environmental benefits with over 68% of its elements made in recycled plastic

NexMeter’s advanced functions have numerous environmental and economic benefits: eliminating leaks reduces methane dispersion, which in turn is highly polluting, while the entire process of optimising gas network management has a positive impact on the performance and emissions of user appliances, first and foremost boilers. Its ability to detect and signal to users even the smallest gas leaks also helps contain costs in their bills. But that’s not all: the new NexMeter model will be the first meter on the market with most of its components made of recycled plastic, reaching over 68%.

To achieve this result, the Hera Group, which has always been committed to the circular economy and regenerating resources, can count on the expertise of its subsidiary Aliplast, a leader in plastic recycling and regeneration, with plants in Italy and abroad, and an annual production of around 100,000 tonnes of recycled plastic.

The metre’s manuals are also green and smart, with a QR code included on the meter instead of a classic instruction manual, to avoid paper consumption, and packaging in recycled cardboard. 

300,000 NexMeter meters installed by 2023 in earthquake-prone areas

The previous model of NexMeter, we should recall, was already equipped with advanced functions, including a cutting-edge "mini-computer" offering absolute precision and safety, since it is capable of intercepting in real time even minimal leaks or tremors in the event of earthquakes. Launched in 2019, these devices are still being installed, with 70,000 devices already in operation. Thanks to approximately 45 million in investments, the Group’s goal is to reach 300,000 NexMeters installed by 2023, 200,000 of which will be made of recycled plastic. The areas concerned are those served by the Hera Group’s distribution companies, starting with areas classified as at risk of earthquakes or where the latter have recently occurred, such as Emilia-Romagna and Friuli-Venezia Giulia.

“With NexMeter, two years ago, we gave concrete proof of our ability to invest and innovate in a sector that remains quite traditional, such as gas distribution, paying particular attention to safety and reducing gas dispersion into the atmosphere, a factor that was also at the centre of debates during the recent Cop26 – states Stefano Venier, CEO of the Hera Group – Today, with this new version of the device, ready for hydrogen and made of recycled plastic, we are taking a further step forward, continuing to exploit our in-depth experience in this field with the skills offered by the most qualified partners, nationally and internationally. Actions and investments for the circular economy and innovation guide, indeed, the strategies set out in our Business Plan, in line with European guidelines and the goals on the UN 2030 Agenda. As a local multi-utility, we also have the task of growing while promoting sustainable development in the communities we serve, with advanced solutions that respect the environment and meet the safety and quality needs of citizens. NexMeter is a tangible example of our commitment to carrying out this mission in the best possible way.”

“We are honoured to have contributed to the development of NexMeter which today added the use of green gas, especially hydrogen, to the safety functions, meeting the needs that the ecological transition imposes – states Motokazu Nishii, Head of Meter Device Business, Smart Energy System Business Division, Electric Works Company, Panasonic Corporation – This was possible thanks to Panasonic technology in ultrasonic measurement and safety functions with experience on the market for over 35 years, and, more importantly, to the collaboration with the Hera Group. The result is NexMeter which is a unique reference in the smart gas metering market. Panasonic will continue to work with the Hera Group to create a company where people can live better and more comfortably thanks to the use of clean energy and increasingly innovative solutions”.

“The NexMeter, whose first version was already extremely innovative due to its advanced sensors and safety functions, has in this new phase achieved greater component sustainability and hydrogen compatibility” – states Cristiano Nardi, Executive Chairman of the Pietro Fiorentini Group – The project’s success confirms Pietro Fiorentini’s commitment towards establishing a continuous and constructive dialogue with our partners Hera and Panasonic, in order to work together in creating technologically advanced, competitive and fully environmentally friendly solutions, all of which are very important issues for our Group.”

Online from 30 November 2021 at 12:15:00

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Group Director of Communication And External Relations

Giuseppe Gagliano

Director

 

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MEDIA AND PRESS CONTACT

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

Contacts

Telephone: +39 051 287111

HERA SPA

Viale Carlo Berti Pichat nr. 2/4 - 40127

 

Bologna

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See the annual report at 31/12/2023 and the sustainability report
The consolidated economic results at 31 December 2023 and the 2023 sustainability report were approved by the Board of Directors of the Hera Group on 26 March 2024

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it