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Alverà (Snam): “The first hydrogen grid in Italy by 2030”

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By 2030 Italy will have an infrastructural network for the transport of hydrogen as a source of energy. Over 2,700 kilometers from Mazara del Vallo will reach Passo Gries and Tarvisio, to transport gas to the areas of Northern Europe with the greatest demand, in particular Germany. This is one of the objectives of Snam’s strategic plan, presented to the market today. The network will be obtained through the conversion of the current network of the gas group. The investments will start in 2025 and the grid will be finished by 2030. “It is an investment that makes Italy a hydrogen hub”, explained Marco Alverà, CEO of Snam. The agreement signed with Eni a few days ago to acquire 49.9% of their stake in the gas pipelines from Tunisia and Algeria is also functional to the creation of this backbone. But Snam is already ready to use hydrogen as an energy source for the energy transition. 99% of the group’s pipelines are certified to carry hydrogen up to 100% and the gas fields can store hydrogen. Meanwhile, Snam plans to increase its investments to 8.1 billion euros by 2025, with the maintenance, modernization and development of its infrastructure, investments for zero emissions and the acceleration of the energy transition. On the financial front, the company expects an average annual growth of 3% in net profit, 4.5% of Ebitda and over 2.5% of the 2021-2025 Rab, over 3.5 in the period 2022-2025 % between 2025 and 2030 with further opportunities for growth deriving from the development of a hydrogen infrastructure. Furthermore, the group confirms the growth of the dividend per share of 5% in 2022 and extends the minimum growth of 2.5% foreseen in the period 2022-2024 to 2025.

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