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Megatrends

  • Landfills phase out
  • Acceleration in sorted collection
  • Waste system balance and material recovery

  • Decarbonization
  • Energy democracy
  • Reduction of PV and wind LCOE

  • Energy efficiency
  • Smart services to citizen and digitalization (IoT)
  • Green mobility

  • Landfills phase out
  • Acceleration in sorted collection
  • Waste system balance and material recovery

  • Decarbonization
  • Energy democracy
  • Reduction of PV and wind LCOE

  • Energy efficiency
  • Smart services to citizen and digitalization (IoT)
  • Green mobility

COMMITTMENT TO CURB GLOBAL WARMING

  • Awareness about resource scarcity
  • EU targets on energy efficiency and RES
  • Ambitious Italian SEN targets

RES MATURITY AND DERs SCALABLE TECHNOLOGY

  • Wind & PV LCOE close to grid parity
  • Further storage cost reduction
  • DERs included in balancing services

GROWING RELEVANCE OF GAS-FIRED PLANTS

  • CCGTs to offset intermittent RES
  • Gas-fired plants as system backup
  • Convergence of LNG global gas prices

CUSTOMER EMPOWEREMENT

  • Full retail liberalization from July 2019
  • Demand for value-added services
  • Stronger competition

 

ENERGY EFFICIENCY

  • New technology and regulation boosting growth
  • New EPCs in energy efficiency services
  • Organic growth in Public Lighting
  • Expansion of electric mobility business
     

NEW ENERGY SOLUTIONS

  • New retail flexibility market (DSR, DSM)
  • Growing demand for electric mobility
     

SMART SERVICES

  • Increase of connectivity
  • Smarter management of urban services
  • Commercial readiness of Low Power Wide Area solutions (LoRa)

SHORTAGE OF CAPACITY

  • Landfill expiration drives up prices (-2 Mt landfilled 2014-16)
  • Italian WTEs capacity shortage (gap of ~6 Mt MSW + ~6 Mt Industrial)
     

GROWTH OF SORTED WASTE

  • Italy sorted collection grew to 53%
  • South lagging at 38% with structural treatment gap
  • International trends increase instability of current waste export


METROPOLITAN CITIES AS DRIVING FORCES

  • ~40% of Italian MSW due to 12 cities
  • Urban ecosystem driver of circular economy
  • Sharing of best practices among cities

 

MULTISERVICE CONVERGENCE

  • Cross-business regulation patterns:
    • Greater attention to service quality
    • High capex need (also in water)
  • Technological synergy across businesses

ENVIRONMENT IMPACT AND ENERGY EFFICIENCY

  • Decarbonization of the sources
  • Growing electrification
  • Greater attention to sustainable heat generation

GAS DISTRIBUTION TENDERS

  • Delays in gas tenders triggering M&A Deals
  • High transaction prices due to tender postponements