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Edison Marks 140th Anniversary and Announces €10 Billion Investment in Ecological Transition by 2030

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Edison Celebrates 140 Years and Plans €10 Billion Investment in Ecological Transition by 2030

Edison, marking its 140th anniversary, has unveiled its development strategy for 2030, with goals extending to 2040, to strengthen its commitment to ecological transition and the national energy system's safety and autonomy. Led by CEO Nicola Monti, the energy group plans to accelerate Italy's path towards energy transition through €10 billion investments between 2023 and 2030, with 85% aligned with the UN Sustainable Development Goals. Approximately €5 billion will be allocated to renewables, €1 billion to flexibility systems, €2.5 billion to energy services for decarbonizing consumption, and €1-2 billion to gas sector activities and expanding the customer portfolio. Edison aims to double EBITDA by 2030, reaching a range of €2 to €2.2 billion, achieved through transforming the industrial portfolio to activities with zero or near-zero direct emissions. The company also plans to maintain its role in Italy's energy security and autonomy by incorporating green gases like hydrogen and biomethane into its flexible and decarbonized gas portfolio. Edison aims to meet 20% of Italy's gas demand with green gases by 2030. CEO Monti emphasized Edison's pioneering role in the energy transition and its commitment to responsible contributions for the country's future. The company plans to invest in innovation and new technologies, including the potential development of new nuclear power plants with SMR technology between 2030 and 2040. In conclusion, Edison's anniversary celebration and investment plans highlight its dedication to ecological transition and sustainable energy solutions. The company's strategic investments and focus on innovation position it as a leader in Italy's energy sector.

Edison's Ecological Transition Strategy: Implications for New Businesses

Edison's 140-year celebration and its ambitious €10 billion investment plan for ecological transition by 2030 could set a new precedent for new businesses in the energy sector.

Commitment to Sustainability

Edison's commitment to ecological transition, reflected in its alignment with the UN Sustainable Development Goals, underscores the increasing importance of sustainability in business strategy. For new businesses, this could mean a need to integrate sustainability into their core operations and goals.

Investment in Renewables and Decarbonization

Edison's significant investment in renewables and decarbonization initiatives highlights the growing market potential in these areas. New businesses in the energy sector could benefit from exploring opportunities in renewable energy and decarbonization services.
Focus on Innovation and New Technologies
Edison's plans to invest in innovation and new technologies, including potential development of new nuclear power plants with SMR technology, suggest that technological innovation will be key to future growth in the energy sector. This could have significant implications for new businesses, particularly those in the tech space. In conclusion, Edison's strategic plans offer valuable insights for new businesses, particularly in terms of the importance of sustainability, the potential of renewables and decarbonization, and the role of technological innovation in driving growth.
Story First Published at: https://financialpost.com/globe-newswire/edison-celebrates-140-years-and-plans-to-invest-e10-billion-in-ecological-transition-by-2030
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