Research and development

Technological innovation in the Iren Group is central to the strategic choices and the definition of the products and services offered.

The Business Plan to 2030, approved by the Board of Directors of Iren S.p.A. on 11 November 2021, provides for more than 2 billion euro investments in innovative technologies and for digitalisation. This confirms the centrality of innovation in the Iren Vision, which will be expressed in the development of all the sectors in which it operates with the objective of making the Group an example of excellence and innovation in the multi‐utility sector. In particular, the Business Plan is in line with the sector macro-trends identified, namely the decarbonisation and development of renewables, the circular economy, energy efficiency and the protection of natural resources.

From this perspective, the main innovation activities underway within the Group are aimed at researching and adopting technologies and processes to support the sustainable development of the reference businesses.

The Iren Group manages innovation processes through an open innovation model and, consistently, has launched profitable collaborations with Universities, Research Centres, Innovation Hubs and Start-ups. Additionally, it takes an active part in working groups and associations on specific research and development and promotes events such as conferences, workshops and hackathons. In this regard, in 2021 Iren received the Smau Innovation Award as a recognition of Italian excellence for the model of innovation between companies and public bodies.

The year 2021 was characterised by the continuation of technical activities related to the Group’s various co-financed projects and by the development, also in partnership with innovative companies and start-ups, of internal technological projects on the basis of planning which, starting from an analysis of the long-term scenario, is aimed at giving the Group the tools needed to seize the opportunities and mitigate the risks deriving from the evolution of the markets in which it operates.

The activities of Iren Up, the Corporate Venture Capital programme, launched in 2018 with the aim of supporting the highest potential Italian start-ups in the cleantech sector, from clean technologies to the circular economy, continued. The programme envisages investments with tickets ranging from 100,000 euro to 2 million euro, depending on the Start-up's development phase and requirements.

Due to the continuation of the Covid-19 crisis in 2021, the usual Iren Startup Award event dedicated to the search for start-ups did not take place, but the scouting activity continued through collaboration with local and international accelerators.

The management of equity investments in start-ups in which the Group has invested continued, concluding several supplementary agreements and the disbursement of tranches upon achieving the milestones conceived in these agreements. In particular, an important investment has been concluded in Enerbrain, a start-up active in the field of energy efficiency; the transaction, which involved national and international financial and industrial operators, will allow the company to expand its business abroad, consolidating its growth. Moreover, in the first months of the year, a first investment was made in the start-up Remat, which deals with polyurethane recycling: this innovative company is perfectly integrated into the recycling chain managed by the Group. In collaboration with Remat, during the year other tranches of funding were disbursed, enabling the recycling plant to be started up.

Among the initiatives in which Iren has participated, bringing its contribution in terms of process innovation and applied research, there are the collaborations with the Competence Centres (promoted by the Ministries of Economic Development and Economy) in Turin (“Competence Industry Manufacturing 4.0 – CIM 4.0”) and Genoa (“Competence Centre for the Security and Optimisation of Critical Infrastructures” Association – “START 4.0”).

COMPLETED AND ONGOING FUNDED RESEARCH PROJECTS
OTHER INNOVATION ACTIVITIES