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Sustainable agriculture: Hera with Yara Italia and Sapio for green hydrogen

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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
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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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Calendar of corporate events

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

04/02/2021
Sustainable agriculture: Hera with Yara Italia and Sapio for green hydrogen

Aimed at contributing to decarbonising the agriculture sector, Hera has signed a memorandum intended to study the feasibility of a project for generating and using green hydrogen, linked to a concrete goal: fuelling the fertiliser produced by Yara Italia, the leader in this industry. Sapio is also involved, for the technological aspects and hydrogen management

In times of climate change, a transition in the agricultural transition is a challenge as urgent as it is complex, because it requires not only reducing high water consumption but also limiting the emissions involved in the many processes concerned by agriculture, both directly and indirectly.

The fertiliser sector is unquestionably among these processes, and is the subject of the memorandum signed by the Hera Group – one of Italy’s largest multi-utilities – with Yara Italia, a leader in nitric and complex fertiliser production, and by Sapio, a leading figure in the field of technical and medical gases. The memorandum is intended to explore the possibility of increasing sustainability in the agriculture sector, by using green hydrogen.

A plant able to produce up to 500 tons/year of green hydrogen

Based on this agreement, Hera, Yara and Sapio will begin a coordinated series of analyses that, within the year’s end, will assess the technological, economic and regulatory feasibility of a concrete project for using renewable energy and developing the green hydrogen industry. The project covers green hydrogen generation, transportation and use to fuel fertiliser production.
In particular, the experimental plant intended for generating hydrogen would use the renewable energy produced by Hera’s Ferrara WTE plant, to produce hydrogen from water and thus fuel Yara Italia’s nearby industrial facility, dedicated to fertiliser production. Scouting the plant technologies will be done by Sapio, who will also be responsible for further evaluations concerning the technical solutions through which Yara’s facility will be supplied. An annual green hydrogen production capacity coming to 500 tons is expected.

Commitment to green energy at the centre of Hera’s strategies

By signing this memorandum, the Hera Group has given new impetus, only a few weeks after the approval of its Business Plan to 2024, to its commitment towards innovation, renewable energy and carbon neutrality. In line with European strategies and the goals on the UN’s 2030 Agenda, the environmental content of the Plan calls for not only promoting a circular economy and intervening to increase infrastructure resilience, but also all actionsfor energy transition and the fight against climate change, which increasingly involve biomethane, hydrogen and green syngas. The Group’s investments in technological innovation are fundamental in this sense, essential in searching for sustainable solutions in the area of so-called “clean energies”.
Hera has been working towards sustainability in the agriculture sector for some time, for example through a circular and resilient management of water that also involves various projects in regenerating water resources and reusing waste water.

“Developing clean energy”, remarks Stefano Venier, Hera Group CEO, “necessarily involves periods of research that, following the spirit underlying this memorandum, consolidate the expectations of our most advanced projects. Furthermore, it is equally important to set out these projects in a concrete and sustainable way, to meet the needs of sectors such as agriculture, which still have a significant environmental impact in terms of resource consumption, from water to energy. A commitment to sustainability, in any case, has always been in our DNA, as is further proven by Hera’s recent inclusion in theDow Jones Sustainability Index, and our decision to voluntarily apply the recommendations of the “Task Force on Climate-related Financial Disclosures” (TCFD) in our reporting as of the 2020 financial year. Our goal, reaffirmed in the Business Plan to 2024 as well, is to keep raising the bar, and forward-looking projects such as the one launched with Yara Italia and Sapio go precisely in this direction, exploring possibilities that, in a modular way, can be replicated elsewhere as well.”

Yara Italia, the Italian branch of the Norwegian multinational Yara International ASA, a world leader in the fertiliser sector, has been successfully working for years to shape change as regards sustainability. Reducing CO2 emissions and water consumption, improving the environmental and energy sustainability of production processes and implementing regenerative solutions for soil that increase the effectiveness of fertiliser and thus reduce overuse, are at the top of the Group’s list of strategic priorities. Participating in this project is for Yara an additional, significant step in this direction.

Sapio has maintained its vision of sustainability for almost a century, and is strongly committed to remaining at the forefront in developing and promoting the hydrogen sector, to allow Italy, which boasts an advantageous geographical position and important distribution networks, to become a European leader. Sapio, an active member of H2IT (the Italian Hydrogen and Fuel Cell Association) and the European Clean Hydrogen Alliance, covers all modalities of hydrogen production and distribution, through to its final applications, guaranteeing a high-quality offer with significant technological value.

“Hydrogen is the future. And the future is now”, remarks the Chairman of the Sapio Group and the Associazione H2IT, Alberto Dossi. “We are witnessing an important historical moment, and it is equally important to collaborate with companies such as Hera and Yara. This example proves that this sector, in our country, is prepared to lead Italy to play a central role in the energy transition. We have both an industrial and a scientific mission, thanks to our relations with leading universities and research centres. To rise to the challenge of decarbonisation, the time has come to formulate a national strategy for hydrogen, that will allow us to reach the ambitious goals set out by the Ministry of Economic Development, which call for a usage of hydrogen coming to 20% within 2050.”

Online from 04 February 2021 at 10:51:00

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Group Director of Communication And External Relations

Giuseppe Gagliano

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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