Business Description

IREN SpA (IREN) is a multi-utility, which generates and sells electricity and thermal energy; sells gas; collects, selects, recovers, and disposes urban waste; and provides integrated water services, and public lighting, global services, and other services. It also offers customer management services to its investee companies. IREN operates its business through five segments: Market, Energy, Networks, Environment and Other Services. It had four subsidiaries by the end of FY2020.

R&D Overview

R&D efforts focus on studying new systems for the recovery of energy losses and increase efficiency of the plants; advanced remote management, remote reading, smart metering, and multi-metering systems; optimize management of the integrated water cycle; develops solutions related to Industry 4.0; thermal and electrical systems; and innovate solutions connected with electric mobility.

Business Segments

Overview

Produces electricity and heat using hydro, combined heat and thermal sources. -Develops and manages public street lighting, traffic light and other services. -Designs, creates, and manages activities to reduce consumption and save energy. -Carries out businesses in supplying energy services and global services for residential buildings, private and public structures, and industrial and commercial complexes, and in the study, design, installation, management, construction, maintenance and conduction of the related refrigeration, heating, conditioning, sanitary, water, electrical and solar panel systems. -Owns 22 hydroelectric plants, seven thermo-electric cogeneration plants and 1 conventional thermo-electric plant, and 85 photovoltaic plants.

Performance

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Overview

Sells electricity, gas, and heat. -Also supplies fuel to its sister companies in the group, -Provides customer management services to its investee companies -Sells heat through the district heating network.

Performance

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Overview

Carries out integrated operations across water cycle, including management, renovation and development of the electricity, gas, and water distribution networks. -Has interests in water supply, sewerage and wastewater treatment. -Distributes gas and electricity. -Operates high, medium, and low voltage underground and overhead electricity distribution networks.

Performance

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Overview

Collects, selects, recovers and disposes urban waste. -Also cleans streets, pavements and urban green areas; and clears snow in the winter, with various methods and time frames. -Has treatment, disposal and recovery plants in the Piedmont and Emilia territories.

Performance

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Overview

Provides public lighting, global services and other services. -Also offers energy efficiency services. In FY2020, the segment's capital investment stood at EUR56 million, which grew 50.6% YoY.

Performance

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