European Chemical Industry News & Insights

Italgas to Invest €1 Billion in Greece's Ecological Transition by 2030

At a glance
  • €1B investment from 2024-2030 focuses on Greece's ecological transition.
  • €650M allocated for 3,000 km of new network, reaching 18 cities.
  • By 2025, 100% of assets digitized; DANA software integrated by 2026.
  • Focus on biomethane, green hydrogen, and network flexibility.

Investment Overview

Italgas plans a €1 billion investment in Greece from 2024 to 2030, executed by its subsidiary Enaon. The initiative supports Greece's ecological transition through network expansion, digital transformation, and renewable gas development.

Network Expansion

€650 million is allocated for constructing over 3,000 kilometers of new network, extending service to 18 cities, including Patra and Ioannina. This expansion aims to increase Enaon's customer base from 615,000 to 920,000 by 2030. Nine LNG depots will be built to serve remote areas, overcoming energy isolation.

Digital Transformation

By 2025, all assets will be digitized, and the DANA software will be integrated by 2026 for automated network management. The transformation includes replacing traditional meters with 570,000 "H2 ready" Nimbus smart meters, enhancing remote management and reading capabilities. Picarro technology will enable comprehensive gas leakage detection, inspecting 200% of the network by 2025.

Renewable Gases

The plan emphasizes biomethane and green hydrogen to support decarbonization. Enaon is reviewing Greece's biogas facilities for potential upgrades to biomethane. An assessment of the distribution network's compatibility with hydrogen is underway to facilitate future infrastructure evolution.

Workforce Development

Enaon focuses on integrating and valuing its workforce, promoting diversity, equal opportunity, and inclusion. The Group implements policies to attract top talent and introduce new skills, supported by a strong emphasis on employee training to meet challenges and drive change effectively.