IREN SpA - Company Profile
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Business Description
IREN SpA (IREN) is a multi-utility company. It conducts business in electricity, gas, district heating, integrated water and environmental services management, and integrated solutions for energy efficiency. The company operates in the network services business area through managing, renovating, and developing energy and water distribution networks. It also provides the service of marketing heat for district heating through its own cogeneration plants and transport networks.
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R&D Overview
IREN focuses on generating ideas to improve technological innovation, which is central to its strategic decisions and the definition of products and services offered to customers and citizens. The company manages innovation processes through an open innovation model and collaborates with universities, research centers, innovation hubs, and high-potential startups. It actively participates in working groups and associations on specific research and development topics and promotes events, conferences, workshops, and hackathons. The R&D units of the company include Iren UP and IrenLab. Iren UP is an innovative Corporate Venture Capital program that supports high-potential Italian startups in the cleantech sector, providing financial resources and a customized service package that includes experimentation, technical support, legal advice, market testing, and commercial and industrial agreements. IrenLab specializes in analysis and controls on potable and marine waters, soil, and emissions from production plants, collaborating with the Istituto Superiore di Sanità and numerous universities and research centers in Italy and abroad. These studies and research in the environmental field allow the company to stay updated on the most innovative technologies in environmental analysis and metrology.
Business Segments
Overview
Operates in the production of electricity and heat, the latter distributed through district heating networks, and in energy efficiency services to public and private entities. It also oversees the scheduling and dispatching of the Group's electricity production, as well as operations on the power exchange. Through its subsidiary, the company also offers Smart Solutions such as the design and implementation of energy prequalification interventions: insulation, co-insulation, replacement of windows, innovative technological services, efficiency improvement of heating and air conditioning systems; installation of photovoltaic, solar thermal, and self-generation energy systems; management of heating systems; realization of Renewable Energy Communities (RECs); energy consultancy, energy management and monitoring for energy saving; global service for the integrated management of electrical and technological plants of complex property assets; relamping LEDs through energy efficiency projects in lighting, public and artistic lighting, efficient management of traffic light systems.
Performance
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Overview
Offers the sale of electricity, gas, and heat for district heating, and extra-commodity services and products, in particular for energy efficiency. Also operates as the operator of the greater protection service for retail customers on the the electricity market in the city of Turin, the territory of Parma, and the catchment area of the municipality of Sanremo (IM).
Performance
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Overview
Provides residents with basic resources such as water, electricity, gas, and district heating. The segment is divided into three sub-segments: Electricity distribution networks, Gas distribution networks, and Integrated Water Service. Integrated Water Service: Offers water supply, sewerage, and wastewater treatment in the provinces of Genoa, Savona, Piacenza, Parma, Reggio Emilia, Vercelli, La Spezia, Enna, and some other municipalities in Piedmont. Gas Distribution Networks: Offers natural gas from Snam Rete Gas pipelines and delivers to customers in the provinces of Reggio Emilia, Parma, and Piacenza. Electricity Distribution Networks: It offers electricity distribution services in the cities of Turin, Parma, and Vercelli.
Performance
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Overview
It carries out all the activities of the municipal waste management cycle including collection, sorting, treatment, recovery, and disposal. It also manages an important portfolio of customers to whom it provides all services and plant availability for the disposal of special waste. Services are offered in the provinces of Reggio Emilia, Parma, Piacenza, Vercelli, and Novara.
Performance
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Overview
It includes the operations of laboratories, telecommunications, and other minor services.
Performance
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