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Modena’s Hydrogen Valley takes off: signed the memorandum of understanding centred around the IdrogeMO project of Hera Group and Snam

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Asset Publisher

Press releases
19/06/2024
Hera Spa
Price sensitive

Hera Group ranks first in the 2024 ESG Identity Corporate Index (formerly IGI)

<p><em>For the fourth consecutive year, the Group is on the podium of the overall index ranking, which rewards Italian companies that stand out for integrating ESG factors into their governance. This comes as further recognition of the Group’s commitment to creating long-term value for its shareholders and all its stakeholders</em></p>
Online since 19-06-2024 at 11:08
Press releases
11/06/2024
Hera Spa
M&A
Price sensitive

Inrete Distribuzione Energia acquires Soelia’s gas network

<p><em>The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served</em></p>
Online since 11-06-2024 at 11:57
Press releases
15/05/2024
Shareholders’ meeting
Price sensitive
Hera Spa

Publication of documents pertaining to the Shareholders Meeting

Online since 15-05-2024 at 10:35
Press releases
15/05/2024
Price sensitive
M&A
Hera Spa

Hera Group acquires Soelia’s gas network

Through its subsidiary Inrete Distribuzione Energia, the Group was awarded the tender for the gas distribution plants and network serving the municipality of Argenta in Ferrara area

Online since 15-05-2024 at 10:38
Press releases
14/05/2024
Price sensitive
Financial Results
Hera Spa

Hera Group BoD approves results for 1Q 2024

<p>The consolidated quarterly report at 31 March shows improvement in the main operating and financial indicators. The Group’s financial solidity and commitment to sustainability and the ecological transition were confirmed, along with the creation of value for all stakeholders and significant investments in the areas served to improve our assets resilience and to guarantee service quality and continuity</p>
Online since 14-05-2024 at 12:41
Press releases
30/04/2024
Shareholders’ meeting
Hera Spa
Price sensitive

Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders.

Online since 29-04-2024 at 12:53
Press releases
23/04/2024
Hera Spa
Other press releases

Hera Group at the top of ARERA’s water service quality ranking

The multiutility confirms itself among Italy’s most outstanding operators, securing the first and third positions, with reference to all macro-indicators, as proof of the very high standards adopted by the Group in this field. A commitment that the Hera fulfils with significant investments to ensure the highest quality and continuity of service to around 3.6 million citizens and an increasingly efficient and circular use of resources. Important results have been achieved, particularly in Emilia-Romagna.

08/04/2024
Other press releases
Hera Spa

Publication of the Draft Separate and Consolidated Financial Statements as of 31.12.2023, the Sustainability Report - Consolidated Non-Financial Statement, the Corporate Governance Report, and the Report on Remuneration and Compensation Paid

29/03/2024
Hera Spa
Other press releases

Rigid plastics recycling: one of Europe’s most innovative plants to be built in Modena

<p><em>Thanks to investments totalling approximately 50 million euro, the Hera Group will build a state-of-the-art facility within its own plant complex. Starting from plastic waste that has so far been difficult to recycle, it will produce high quality polymers with characteristics similar to those shown by virgin materials, thus making sectors such as consumer electronics and the automotive industry increasingly sustainable</em></p>
Press releases
27/03/2024
Shareholders’ meeting
Hera Spa

Publication of documents pertaining to the Shareholders Meeting to be held on 30 April 2024

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
11/03/2024
Hera Spa
Other press releases

Green energy and a new urban forest: the Hera Group’s Energy Park arrives in Bologna

<p><em>Sustainability, decarbonisation, liveability and biodiversity protection are the keywords of this project, which will be developed in the northern part of the city and will contain a new urban park with facilities, complemented by areas dedicated to protecting animal and plant species, and an agrivoltaic field that will allow an annual saving of 6,000 tons of CO2.</em></p>
Press releases
04/03/2024
Shareholders’ meeting
Hera Spa
Other press releases

The passing of Hera S.p.A.'s Vice Chairman, Mr. Gabriele Giacobazzi

We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away.

Press releases
13/02/2024
Hera Spa
Other press releases

Hera Group among Europe’s leaders in sustainability and the fight against climate change

<p><em>The Group achieved the leadership band in the CDP questionnaire and was included among “TOP 1%” Multi and Water Utilities of the S&amp;P Global’s Sustainability Yearbook 2024. These recognitions prove Hera’s commitment to sustainable development and creating shared value for local areas.</em></p>
Press releases
06/02/2024
Hera Spa
Other press releases

Hera Group: over 1 million new electricity customers as of 1 July

<p><em>With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy.</em></p>
Press releases
25/01/2024
M&A
Hera Spa
Other press releases

Hera Group expands in the industrial waste sector with TRS Ecology

<p><i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"></span></span></span></i>With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector. This transaction, at full capacity, is expected to contribute to growth in the Hera Group’s Ebitda with approximately 6 million euro.<i><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:106%"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> </span></span></span></i></p>
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
Other press releases
Price sensitive

Calendar of corporate events

Online since 22-01-2024 at 13:24
18/01/2024
Hera Spa
Other press releases

Hera Top Employer for the 15th Consecutive Year

<p><em>The company reaffirms, once again in 2024, its position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development.</em></p>
Press releases
02/01/2024
Hera Spa
Other press releases

Hera Group has obtained the “Gender equality certification”

<p><em>A further confirmation of the importance of Hera’s achievements in terms of gender equality and inclusion</em></p>

Asset Publisher

12/12/2023
Modena’s Hydrogen Valley takes off: signed the memorandum of understanding centred around the IdrogeMO project of Hera Group and Snam

With this agreement, Modena will become a European capital of renewable hydrogen. The goal is to contribute to Emilia-Romagna’s carbon neutrality in an area with a strong entrepreneurial presence, and the greatest benefits will be seen in the mobility sector, local public transport and industry.

Modena’s Hydrogen Valley, one of the first and most significant renewable hydrogen development projects designed to contribute to the energy transition in Italy, has been launched.

A memorandum of understanding for creating a hydrogen production hub was signed today in Modena’s Town Hall by the Hera Group and Snam, aimed at accelerating the decarbonisation of Emilia-Romagna region. The development of a supply chain for this renewable energy vector, furthermore, will have significant and positive environmental, social and economic impacts in a region with a strong entrepreneurial presence.

The document was signed by the Municipality of Modena, the Hera Group, Snam, Seta, Unimore, the Agency for Energy and Sustainable Development (AESS), the Productive Areas Consortium (CAP), the National Agency for New Technologies, Energy and Sustainable Development (ENEA), the Democenter Sipe Foundation and the Modena Chamber of Commerce. Almost all their representatives were present at the signing.

The core of Modena’s Hydrogen Valley will be IdrogeMO, the Hera Group and Snam project aimed at building a production hub capable of producing up to 400 tonnes of renewable hydrogen every year, with possible future expansion to increase production. Overall, the planned investment amounts to 20.8 million euro.

Considering its significance for the energy transition and decarbonisation, the partnership between the Hera Group, Herambiente and Snam was given a 19.5 million euro grant last April from the Emilia-Romagna Region, allocated under the National Recovery and Resilience Plan (NRRP).  

The potential of Modena’s Hydrogen Valley has already been recognised by the mobility sector, with public transport companies Seta and Tper planning to convert part of their fleet to hydrogen-powered vehicles. Similarly, attention towards developing a green hydrogen supply chain has also been shown by the local industrial sector, in particular automotive and hard-to-abate ceramics companies, for the decarbonisation of their production processes. In this context, the Democenter Sipe Foundation will be responsible for getting the market segments in question involved, the Chamber of Commerce will promote projects for proposals and strategic lines of development, and the Productive Areas Consortium will contribute to an analysis of the areas in question. Meanwhile, Unimore, with a pool of researchers, will develop a specialised interdepartmental centre dedicated to hydrogen (H2 MO.RE)

The IdrogeMO project promoted by Hera, as lead partner, and Snam will be the core of Modena’s Hydrogen Valley
Within IdrogeMO, the companies will have distinct but interconnected roles. Hera S.p.A. will be the lead partner, Group subsidiary Herambiente will be responsible for constructing the photovoltaic plant, and Snam will be in charge of constructing the hydrogen production plant.

In particular, the 6-megawatt photovoltaic park, with an innovative solar panel system floating on a stretch of water, will be built at the Municipality of Modena’s depleted landfill, under concession to Herambiente, therefore with no useful land consumption, in line with circular economy principles. The photovoltaic system will power an electrolyser – a device that extracts hydrogen from water through electrolysis – installed in a disused industrial area in Modena. To allow the electrolyser, which has a capacity of 2.5 megawatts, to function even without sunlight and at night, a battery has been designed to store the electricity. Snam will be responsible for building the hydrogen production plant, a vector that this company is developing on several fronts, in line with the EU objectives set out in the Repower EU Plan and relying on its strategic plan to 2026, which includes 1 billion euro dedicated to decarbonisation initiatives.

The plant will be managed by a “Special Purpose Vehicle” (SPV), i.e. an ad hoc company controlled by the Hera Group and partially owned by Snam, which will not only produce but also market green hydrogen.

The result will be a totally green hydrogen production centre, whose design phase is currently being finalised, while work on the plant is scheduled to begin within 2024. The photovoltaic plant will be completed in 2025 and the hydrogen hub will be ready in 2026. Tenders are currently being launched for awarding supply and works contracts.

Contribution to sustainable mobility: the first hydrogen buses will soon arrive

The hydrogen produced by the Modena plant will also be sufficient to supply the public transport company Seta, which with NRRP funds has already initiated procedures for purchasing 12 buses, amounting to roughly 50 tonnes per year, fuelling 660 thousand kilometres of routes and consequently a CO2 saving coming to 737 tonnes/year (compared to diesel-powered buses).

The possibility of using hydrogen to fuel some buses in Seta and Tper’s fleet in the provinces of Bologna, Ferrara and Modena responds to the need to make mobility increasingly sustainable.

It is no coincidence that these local public transport companies have already made commitments to converting part of their fleet to hydrogen. The latter, compared to electricity, offers higher autonomy and is thus considered more suitable for fuelling long-distance vehicles having daily routes, especially suburban buses. The time required to refuel these vehicles is also comparable to the amount for vehicles powered by conventional fuels.

Online from 12 December 2023 at 13:29:00

Search Results

An error occurred while processing the template.
Java method "static it.reply.open.hera.template.custom.service.WidgetTemplateTool.getDateFormattedBy(String, String, Locale)" threw an exception; see cause exception in the Java stack trace.

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Group Director of Communication And External Relations

Giuseppe Gagliano

Director

 

 Email

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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Interactive financial statements and sustainability reports
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