Enel has teamed up with the FIA Formula E Championships – the world’s first fully-electric racing series – after announcing an agreement to become the championship’s Official Global Power Partner. The announcement was made at an event held today at the MAXXI National Museum of 21st Century Arts in Rome.
Formula Eis partnering with global energy leader Enel to promote the advancement of the championship’s power technology infrastructure.
Francesco Starace, CEO and General Manager of the Enel Group, said: “We are delighted to be partnering with the Formula E team to lend our expertise in accelerating the digitisation of their energy management infrastructure and powering them through our renewable energy generation technologies. Enel and Formula E are natural partners, as we both embrace the exciting opportunities in electric mobility, smart cities and the clean energy revolution. We are now joining forces to continue with our pioneering work in the field of technological innovation for the vehicles of the future.”
Enel will work with Formula E to optimise its clean energy generation, distribution and management, showcasing its advanced energy solutions. The partnership gets the green light at the upcoming Berlin ePrix, which takes place on May 21st. and will run through the following two seasons, with the possibility to extend the agreement beyondthe 2017/18 season.
Enel is designing a fully digitised energy mini-grid for Formula E, using the company’s smart metering technology to monitor power usage and give fans the chance to interact with an advanced energy system in real time. In the current season, Enel will gradually deploy its smart meters and energy management system, harvesting data on energy usage for each team and across the event at every race.
A transportable mini-grid will eventually ensure that the championship’s races continue to place no extra strain on their host cities’ existing electricity grid. Enel will also provide its LED lighting technology for areas around each circuit, as well as setting up its own charging columns for fans arriving at the ePrixs in their own electric vehicles.
By the 2017/18 season, Formula E will be ready to deploy a combination of solar panels and glycerine-fed generators connected to a highly innovative storage system that will distribute energy at the event whenever needed. Enel will also look at installing solar panels in other areas at each venue.
With Enel driving the development of renewable generation technologies, smart grids and e-mobility solutions in the energy sector, Formula E offers the Group a high-tech testing ground for the ongoing development of its green power technologies.
Furthermore, following the signing of the partnership agreement, the entire Formula E operations become carbon neutral. Consequently the Berlin ePrix becomes the first ever carbon neutral motor race. Currently Formula E generates around 30,000 tonnes of carbon dioxide each year, which, according to the United States Environmental Protection Agency data, is equivalent to the average annual CO2 emissions of over 2,700 American homes.
The majority of CO2 generated by the championship comes from the international transport of equipment over the course of the season, even if the organisation works proactively to limit emissions from transportation. Enel will therefore work with Formula E to progressively offset those emissions through the deployment of Enel’s renewable energy technologies.
Formula E was launched in September 2014 and is currently in its second season. Since the start of its inaugural championship, the series has built an impressive following, with an average TV audience of 18.3 million people watching each ePrix and average attendance at the races of around 30,000 people.
Enel S.p.A. announces that its subsidiary Enel Produzione S.p.A. ("Enel Produzione") today signed a contract with EP Slovakia BV ("EP Slovakia"), a subsidiary of Energetický a průmyslový holding a.s. ("EPH"), for the sale of the stake held by Enel Produzione in Slovenské elektrárne, a.s. ("Slovenské elektrárne"), equal to 66% of the latter’s share capital.
The sale will be executed by way of a transfer of Enel Produzione’s entire stake in Slovenské elektrárne to a newly established company (“HoldCo”), and the eventual sale to EP Slovakia of 100% of the share capital of the HoldCo. This sale of HoldCo to EP Slovakia is due to be implemented in two phases.
The total consideration payable over the two phases, equal to 750 million euros, is subject to an adjustment mechanism. Any adjustment will be calculated by independent experts and applied upon completion of the second phase on the basis of a set of parameters, including the evolution of the net financial position of Slovenské elektrárne, developments in energy prices in the Slovak market, operating efficiency levels at Slovenské elektrárne as measured against benchmarks specified in the agreement, and the enterprise value of units 3 and 4 of Mochovce.
The agreement also provides that, should the options not become exercisable within the aforementioned terms, these options could be in any case exercisable starting from June 30th, 2022. In that case, the adjustment of the consideration will also take into account the effective enterprise value of the abovementioned units.
The closing of the transaction is also subject to clearance from the European Union’s antitrust authorities.
Following the completion of the first phase of the transaction, Slovenské elektrárne will be deconsolidated from the accounts of the Enel Group, resulting in a reduction of 375 million euros of the Group’s net debt. The net financial position of Slovenské elektrárne is currently already excluded from Enel Group's net financial debt as this stake was classified as "held for sale".
The sale of Slovenské elektrárne falls within the active portfolio management programme of the Enel Group, covering assets worth approximately 6 billion euros. The programme is aimed at refining the strategic focus of the Group’s asset portfolio, reducing business risk, recycling capital for redeployment to drive higher returns, and freeing up resources to fund further growth. This transaction brings total asset sales announced by the Enel Group in 2015 to approximately 3.7 billion euros, of which 1.6 billion euros is from transactions that have already closed.
As at the end of 2014, Slovenské elektrárne, a leader in the Slovak electricity generation market, had installed capacity of about 4,521 MW, of which about 1,940 MW from nuclear power generation. The company’s two new units (3 & 4) under construction at the Mochovce nuclear power plant have a total capacity of 942 MW. In 2014, Slovenské elektrárne posted revenues of 2.47 billion euros, EBIT of 300 million euros and net income of 17 million euros.
Slovenské elektrárne, an Enel Group Company, has celebrated the Week of Science and Technology by awarding the Aurel Stodola Awards for the best student research and professional activities and bachelor’s, master’s and PhD dissertations. The winners had studied technical topics that included artificial superhydrophobic coatings, advanced fast neutron reactors but also a comparison of photovoltaic and thermal solar systems for heating hot water for a family house and the design for a small hydro power plant.
As part of the Company’s Energy for Education programme, scholarships for academic year 2015/16 were awarded to 25 university students in technical specialisations with a total value of 33 250 euros. Another activity for the Week of Science and Technology organised by Slovenské elektrárne was a series of Science Talks full of attractive presentations of science for secondary school pupils.
The heads of department of technical subjects all over Slovakia entered bachelor’s, master’s and PhD dissertations by 32 students in this year’s competition, from which the specialist panel selected the following winners:
Student research and professional activities:
The prizes include financial awards, which amounted in total of 8 000 euros.
In addition to the Aurel Stodola prizes, Slovenské elektrárne has been awarding scholarships for students of technical subjects since 2007 as part of its CSR programme Energy for Education – Energy for the Country. In academic year 2015/2016 the company awarded 25 scholarships for a total of 33 250 euros. The majority of the scholarships went to students at the Slovak University of Technology (60%) followed by Žilina University (32%), the Technical University in Košice and Constantine the Philosopher University in Nitra (4%).
Science Talks is a series of events promoting science and technology to secondary school students and their teachers organised by Slovenské elektrárne and the Association for youth, science and technology – AMAVET in the Science Centre in Bratislava during the Week of Science and Technology. This year’s headliners were Michaela Musilová, who took part in a simulation of a mission to Mars, Kateřina Falk, who developed experiments for the most powerful laser in the world as well as a number of successful secondary school pupils and university students who spoke about their experience in the world of science, research and development.
Enel has been named in the top five of Fortune magazine’s Change the World list, a new ranking that shines a spotlight on businesses that make addressing social challenges part of their business strategy. The Group, which is both the only utility and only Italian company to be included in the list was ranked fifth of 50 companies selected by the magazine, and was hailed by Fortune for “charging the barricades when it comes to clean power”.
The magazine praised Enel for leading a renewable energy revolution, something they usually expect “to be led by tiny upstarts, not established giants”, and highlighted the fact that in 2014 the Group generated 38% of its output from renewable sources, with that figure set to rise to 48% within the next four years. Fortune also singled out Enel CEO Francesco Starace’s commitment to make the Group carbon neutral by 2050.
“We are delighted that Fortune has recognized the key role of the power industry in driving progress in the world and Enel’s leadership within it. Electricity is fundamental for industrial and agricultural production and job creation, it improves education and healthcare, and it opens up new opportunities for growth,” said CEO Starace in reaction to the news. “Our role is to ensure an energy supply that is available to all and sustainable over the long term, and we need to make sure it is delivered in harmony with the needs of the communities it serves.”
The Change the World list was created by Fortune in order to underline its belief that capitalism should be celebrated for its power to do good. To do this, Fortune and nonprofit social-impact consulting firm FSG “enlisted a small army” of business, academic, and nonprofit experts from around the world, asking for their recommendations of companies that are doing good as part of their profit-making strategy.
Fortune and a joint team from FSG and the Shared Value Initiative then vetted more than 200 nominees according to four criteria: the degree of business innovation involved, the measurable impact at scale on an important social challenge, the contribution of the shared-value activities to the company’s profitability and competitive advantage, and the significance of the shared value effort to the overall business. Fortune journalists then further vetted each of the nominees, before the final list of 50 was selected and ranked by the magazine’s editors, based on its own reporting and the analysis provided.
The Enel Group is also ranked 69 on Fortune’s Global 500 index, and is the second-largest utility on that list. It has been on the list for 21 years, and it owes its high placing to both its well-balanced generation mix and its policy of making zero carbon emissions a priority.
To view Fortune’s full list please visit Change the World.
Francesco Starace, Chief Executive Officer and General Manager of Enel stated: "Enel’s performance in the first nine months of the year demonstrated the considerable resilience of the Group in the face of the ongoing uncertainty associated with the European macroeconomic environment, exchange rate fluctuations in Russia and Latin America and the effects of the regulatory measures adopted in Spain. In the final quarter of the year, Enel continues to concentrate on emerging markets and renewable energy, leveraging our diversified portfolio and a new and more effective organizational structure. These two factors position us well to continue to drive value creation, and alongside the recently finalized decoupling of our Iberian and Latin America operations and the ongoing transaction in Spain, give us the confidence to reconfirm the full-year targets for EBITDA and net income as previously announced to the markets."
The Board of Directors of Enel S.p.A. (“Enel” or the “Company”), chaired by Patrizia Grieco, acting upon the favourable opinion of the Board of Statutory Auditors, today appointed Alberto De Paoli as the officer responsible for the preparation of the corporate financial reports of Enel S.p.A.. starting from November 12th, 2014, when he will replace Luigi Ferraris as the Chief Financial Officer of the Company.
As of November 12th, Mr. Ferraris will replace Ignacio Antonanzas Alvear as the head of Latin America area operations and will also become Gerente General of the Chilean subsidiary Enersis.
The Board of Directors of Enel expressed its appreciation to Ignacio Antonanzas Alvear for his efforts over the last several years and the important results he achieved at the helm of Endesa’s operations in Latin America.
The Board of Directors of Enel also agreed a number of changes in the composition of the board of directors (“Directorio”) of Enersis, specifically the appointments of Jorge Rosenblut (designated as the new Chairman), Carolina Schmidt and Alberto De Paoli to replace the resigning directors Pablo Yrarrázaval Valdes (the outgoing Chairman), Leonidas Vial Echeverria and Luigi Ferraris.
Francesco Starace, CEO of the Enel Group, said: “I am very pleased to be able to appoint Luigi Ferraris, the most senior member of my executive team, at the helm of our Latin America operations. This appointment underscores our commitment to the plans we have for the Latin American region, and the importance we attach to the region as one of the building blocks of our future strategy. Chile is a hub for the Group in a region where we will invest heavily to drive sustainable growth, and we will boost innovation through the use of the technology to further strengthen our relationships with customers and communities.”
Graduated in Economics at Genoa University, he began his professional career at Price Waterhouse. Afterwards, he held several managerial positions worldwide, working for leading industrial companies such as Piaggio, Sasib Beverage and Elsag Bailey Process Automation, a NYSE-listed company. Mr Ferraris joined the Enel Group in 1999 to take up the role of Chief Financial Officer at Eurogen, Elettrogen and Interpower. In 2002 he became Head of Planning, Control, Administration and Services of the ‘Infrastructure and Networks’ and ‘Market’ Divisions. In 2004 Mr Ferraris became Head of Planning and Control and in 2005 he became Head of the Administration, Planning and Control Area. In 2009, he took the position of Chief Financial Officer of the Enel Group. Mr Ferraris is also Chairman of the Board of Directors of Enel Green Power as well as Board Member of Endesa and Enersis.
Graduated in Economics at “La Sapienza” University of Rome, from 1993 to 2008 he has been working in the telecoms sector where he held several managerial positions in Telecom Italia, Wind Telecomunicazioni (including that of Head of Planning and Control, Head of Strategies and Mergers and Acquisitions, Chief Financial Officer as well as Executive Assistant to the CEO). Again in the telecoms sector, Mr De Paoli has been working for Tiscali, where he was Head of Strategies, Mergers and Acquisitions as well as Business Development. At Enel Green Power, he held the position of Chief Financial Officer from April 2008 to April 2012. As Chief Financial Officer of EGP, he led the start-up and listing of the Company. Up until today since May 2012, Mr De Paoli has been Head of Group Strategy at Enel.
Slovenské elektrárne, an Enel group company, has reached another milestone in the completion of Mochovce Nuclear Power Plant Unit 3 and 4 by successfully completing installation of cabinets panels for Unit 3 Main Control system.
Installation activities took several months, involving work in the Main, Emergency and Common control rooms of Unit 3. The last step was the installation of control panels in the Unit 3 Main Control room, i.e. the command centre of the power plant from which it will be possible to control all systems, components and equipment of the power plant. It is the plant's "brain", which is able to of simultaneously monitoring over 35,000 signals by using the most up-to-date technology available on the market. The system was designed and supplied by the Areva-Siemens Consortium.
Earlier works included completion of the Common Control room, which will monitor selected systems of the Units 3 and 4, and the Emergency Control room, which will function as a back-up control room in case the Main Control room becomes uninhabitable.
Slovenské elektrárne, an Enel Group company, opened today Energoland, an unique information centre situated in front of the main entrance to the Mochovce nuclear power plant. The project is equipped with the state of the art interactive and display technologies providing visitors of all ages with an attractive story of the world of energy since the beginning of the universe creation until the near future.
“Our aim is to explain the origin, generation and use of energy in an attractive and competent way. In a non-biased approach we also present the pros and cons of all energy resources, so that every visitor can make his own opinion on an ideal energy mix, sustainable for future generations,“ said Michele Bologna, the head of external relations of Slovenské elektrárne.
Energoland offers as many as 33 interactive sections that are guided through by a virtual guide. Right at the beginning, each visitor will become familiar with his/her own energy by the means of the large scale thermal mirror. The exposition further consists of the energy competition in an interactive LED floor. An additional energy can be supplemented by viewing the Energy Odyssey in an unmanned 3D cinema with the capacity of 30 seats. What types of energy were used by the mankind in the past, and how the fear to survive contributed to the population growth on the Earth will be shown to visitors in the section titled the Time Machine. The part of the exposition titled Watts provides visitors with an answer to their question of how much energy is necessary to supply various appliances – from a small bulb up to a space shuttle.
The project designer developed also several interactive thematic games. In the game called the Electric Grid Operator, a player has to supply electricity for a town avoiding the grid collapse, i.e. the blackout. In addition, the Energopolis is a tactic game aiming at building a town and by constructing power plants there to supply energy necessary for the town every day life. A super motor bike is another attraction by the means of which players can travel into the past. For passing to the next level, they have to answer correctly quiz questions.
A special part of the exposition is devoted to the nuclear energy. The bigger part of is inside a special pressurized inflatable structure – the first of its kind in the world representing the containment, i.e. a protective skin around the nuclear power plant. After climbing the uranium stairs, the visitors will get all important information about functioning of nuclear power plants. Moreover, they can see here ionising radiation inside a cloud chamber or be a reactor operator for a while.
Using their smart phones or tablets, the visitors can enter into the virtual world of the augmented reality and reveal much more about each part of the exhibition.
Slovenské elektrárne has thus introduced its Centre of Excellence where the company can connect the industrial the academic world.
The Enel Group, through its distribution subsidiary Enel Distribuzione SpA, and Hubject GmbH announced the signature of a cooperation agreement whereby both parties will work together for the development of an Europe-wide “eRoaming” framework. Through eRoaming, electric vehicle drivers are enabled to charge on facilities that are not owned nor operated by the utility they are customers of. The common goal of the cooperation will be to enable electric vehicle drivers to charge their cars on around 5,000 facilities across an area spanning from Sicily to Lapland with each recharge being automatically billed to their utility customer accounts back at home.
The Enel Group is one of the largest operators of recharge facilities in Europe with more than 1,600 charging points installed in Italy and, through its subsidiary Endesa, in Spain. In Slovakia, Enel has installed seven of its charging stations. To foster eRoaming across Europe, Enel has developed EMM, the “electric mobility management" system, an eRoaming platform supporting the Group’s charging points as well as those recharge facilities owned or operated by other players in Spain, Italy, Romania and Greece. Altogether, EMM supports over 2,000 charging points.
Hubject operates an European eRoaming platform since May 2013. Over 120 European platform participants share the aim to provide their customers with barrier-free access to public charging points for electric vehicles throughout Europe. Almost 3,000 European recharge facilities are already accessible via Hubject’s eRoaming platform and identifiable through the “intercharge” logo, the common European compatibility symbol of customer-friendly electric vehicle recharging and billing. Alongside Italy and Germany, several partners from Austria, the Benelux states, Norway, Sweden, Denmark and Finland are part of the intercharge family.
The cooperation between Enel and Hubject in the eRoaming domain is one of the main outcomes of Green eMotion, the EU research project on electric mobility grouping 43 partners from industry, the energy sector, electric vehicle manufacturers, municipalities, universities as well as research institutions.
“We are well aware of the need for user-friendly electric vehicle recharge both domestically and cross national borders,” commented Livio Gallo, Director of Enel’s Global Infrastructure and Networks Division. “Within the framework of the current agreement Enel and Hubject will mutually exchange information, know-how and expertise with the aim to make EMM and intercharge compatible. Enel and Hubject will therefore accelerate the interconnection of recharge infrastructures across Europe, with a view to creating a new European electric mobility model greatly enhancing driver comfort and, ultimately, promoting an eco-friendly travel culture.”
“Starting point for our collaboration with Enel was the research project Green eMotion,” said Andreas Pfeiffer, CEO of Hubject GmbH. “We see that intercharge is turning the vision of a commonly accepted framework into reality. Together with our partners we have achieved major steps in the direction of a customer-friendly European charging network. With Enel we have found another strong and experienced partner to work with in order to accelerate the growth of the interoperable charging infrastructure in Europe.”
Enel is Italy’s largest power company and Europe’s second listed utility by installed capacity. It is a leading integrated player in the power and gas markets of Europe and Latin America, operating in 32 countries across 4 continents overseeing power generation from over 95 GW of net installed capacity and distributing electricity and gas through a network spanning around 1.9 million km to serve approximately 61 million customers.
Enel Group subsidiary Enel Distribuzione SpA is the second largest distribution system operator (DSO) in Europe, with over 32 million customers and more than 1.1 million km lines. With 32 million smart meters installed at its customer premises, all remotely operated, Enel Distribuzione is at the forefront in the development and roll-out of smart grid technologies. In the electric mobility domain, Enel Distribuzione operates the eRoaming platform and the Italian electric vehicle charging infrastructure.
Hubject GmbH is a Berlin-based joint venture formed by car-manufactures, energy and technology companies. The company operates a cross-industry business and IT platform connecting charging infrastructure, service and mobility providers. intercharge is a compatibility sign and framework currently used by more than 120 European partners enabling a customer-friendly recharging and billing process for charging electric vehicles. For further information please visit www.intercharge.eu or www.hubject.com.
