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Snam and Hera: kicking off a technological collaboration for hydrogen development

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Press releases
30/04/2024
Shareholders’ meeting
Hera Spa
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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
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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
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<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
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Calendar of corporate events

Online since 22-01-2024 at 13:24
Press releases
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Financial Results
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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
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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
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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
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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
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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

Asset Publisher

22/02/2021
Snam and Hera: kicking off a technological collaboration for hydrogen development

Snam and Hera announce that they have signed a Letter of Intent for a technological collaboration aimed at developing hydrogen, for their own areas of activity respectively. 

Depuratore Gruppo Hera

The aim is to test and subsequently implement a number of solutions able to respond to the decarbonisation needs of the Emilia-Romagna region in a cross-cutting manner, from production to mobility to individual citizens. 

This agreement will also contribute to promote the development of renewable energies in Italy, in line with the guidelines set out by the European Union.

The accord involves several areas of action, starting from the collaboration on power-to-gas technology. Specifically, an innovative plant is at an advanced stage of design at the Bologna Corticella multi-utility treatment plant, which will transform excess renewable electricity into “green” hydrogen to be injected into the networks by exploiting purified water and returning oxygen, biogas and sludge to the water purification process, thus obtaining a mutually beneficial “symbiosis” between the two plants, with an additional environmental benefit. In the industrial field, the two companies will also study the application of hydrogen for thermal uses in the most energy-intensive sectors and with processes that are difficult to electrify. 

Other options under study include the creation of plants to extract green hydrogen from water, using the renewable energy generated by the Hera Group’s waste-to-energy plants, with the aim of contributing to the decarbonisation of industrial sectors such as the production of fertilisers and fuels. Finally, the Letter of Intent provides for a possible joint experimentation of injecting a mixture of natural gas and hydrogen into a portion of Hera’s distribution network in Emilia-Romagna, similar to what Snam has already done on its own transmission network. At the heart of this experimentation is the gas network of Modena. 

“The agreement with Hera - Marco Alverà, CEO of Snam said - is part of the collaboration we are starting with energy and industrial companies to develop hydrogen-related technologies and implement projects in different areas of the Italian territory. Hydrogen will be a decisive element, together with electricity from renewable sources, to enable Europe to become the first continent with net zero emissions by 2050. Snam intends to contribute to this path, by providing its infrastructure, combined with its skills and innovation capacity, to create a national hydrogen supply chain capable of accelerating the path to decarbonisation and create new opportunities for development and employment.” 

“With this partnership we wish to concretely contribute  to the development of the hydrogen option to pursue the carbon neutrality of the territories, consistent with the commitment to sustainable development that has always guided our actions. – Stefano Venier, CEO of the Hera Group commented - Signing this protocol is part of the strategy outlined in our 2024 Business Plan, which calls for numerous actions and investments for energy transition and environmental protection in line with European strategies and the objectives of the UN 2030 Agenda. Green gases, including hydrogen, are a particularly interesting frontier for us because we operate in several businesses: by making available our cross-sector expertise and our extensive infrastructure platform we can create innovative examples of carbon neutral circularity among supply chains.”

This agreement is likely subject to subsequent binding agreements that the parties will define in compliance with the applicable regulatory profiles.

Online from 22 February 2021 at 11:01:00

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Group Director of Communication And External Relations

Giuseppe Gagliano

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MEDIA AND PRESS CONTACT

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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