18 December 2006 — Italian energy giant Enel has begun an extensive information campaign touting its commitment to “sustainable development” and investing 4 billion euros in various CO2 reduction methods.
Enel Chairman Piero Gnudi and CEO Fulvio Conti presented a major investment plan for what the company described as a “realistic plan, both in terms of the duration and level of investment and the estimated reduction in CO2 emissions.”
The plan calls for investment in three main areas:
- Renewables: 3.3 billion euros of investment in new capacity (an additional 1,700 MW over five years) and 200 million euros for innovative projects such as the “Archimede” solar plant to be set up in co-operation with ENEA, bio-mass and bio-fuels
- Energy efficiency and distributed generation: 270 million euros of investments in distributed co-generation and tri-generation plants, in the installation of photovoltaic plants at the transformer stations of Enel’s network, in energy savings and home automation, and in a major project to develop and test “smart grids” that can adapt to the needs of distributed generation
- Zero emissions and the hydrogen frontier: with 330 million euros to be invested in demonstration projects, working towards the zero-emission power plant, for the capture and sequestration of CO2, innovative combustion systems, the production and use of hydrogen, including the development of the Fusina hydrogen plant project.
Enel’s research unit will also be participating in the Massachusetts Institute of Technology (MIT) Energy Initiative currently being developed, and MIT researchers will be contributing to Enel projects on the capture and sequestration of CO2, advanced solar systems and energy savings.
The projects will all be developed over the next five years and will focus on CO2 emissions, with an estimated 4 million metric tons of CO2 avoided each year once fully implemented.
Finally, today Enel has also inaugurated three photovoltaic plants installed on the roof of the company’s headquarters in Rome (viale Regina Margherita). They have a total capacity of 40.2 kW, with an expected output of some 54,000 kWh per year, which will avoid the emission of 31 metric tons of carbon dioxide.