De Nora: the construction of the Gigafactory continues

Milan, October 30, 2024 – The construction of the Gigafactory, a project by De Nora - an Italian multinational company specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry – continues fast. It concerns the construction of the largest electrolyzer production hub in Italy, with a capacity that will reach 2GW equivalent by 2030.

Following the Groundbreaking Ceremony held in June 2024, the building of the Gigafactory now sees further significant progress thanks to the identification of the General Contractor and the obtaining of all bureaucratic authorizations. In particular, Techbau - a leading company – was identified as the General Contractor for the project, allowing to speed up the site’s implementation process by relying on a single point of contact for every step.

These developments provide visibility of the expected timing of the Gigafactory's realization, assuming the achievement of an additional milestone in the first quarter of 2025.

Paolo Dellachà, De Nora’s CEO, commented, “We announce with satisfaction the selection of Techbau as General Contractor for the Gigafactory project, a further confirmation of our commitment to positively conclude this project with ambitious timelines, significantly contributing to the national and European energy transition. Thus, the construction site in Cernusco sul Naviglio, Milan, is proceeding at a fast pace, just a few months after the Groundbreaking Ceremony. Now, we are working with determination to announce further progress in the first quarter of 2025.”

Sustainability and Innovation 
The Gigafactory will cover an area of about 40,000 square meters and will be an innovative and sustainable building. Powered by photovoltaic panels, which will produce green electricity, the facility is designed to minimize CO2 emissions.

Reduced environmental impact will also be possible through the adoption of solutions based on the inclusion of green areas in urban environments (Nature Based Solutions), the control and monitoring of energy efficiency through smart systems, and the promotion of green mobility. Great attention is also paid to the issue of lighting, exploiting natural light as much as possible and adopting dynamic control systems, always with an eye to energy efficiency. Moreover, sustainable materials have been selected for construction, also taking into account their disposal characteristics, and green urban drainage systems have been provided.

All of these elements contribute to the achievement of LEED environmental certification for sustainable buildings and qualify the Gigafactory as a project that brings concrete benefits to the community and to the urban space where it is, creating a truly cutting-edge and fully sustainable manufacturing hub.
 

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For further information and to access the Media Kit: Media Kit | De Nora

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De Nora 
Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange specializing in electrochemistry, a leader in sustainable technologies, and plays a vital role in the industrial green hydrogen production chain. The company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of electrodes for the major industrial electrochemical processes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and surface finishing). Industrie De Nora is among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and swimming pool sectors). Leveraging its well-established electrochemical knowledge and proven manufacturing capability, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. In this sector, the company holds 25.85% of thyssenkrupp nucera AG &Co, a joint venture formed with thyssenkrupp group. KGaA. Founded in 1923, Industrie De Nora generated total revenues of around EUR 856 million and an Adjusted EBITDA of approximately EUR 171 million in 2023. The Company's growth process has developed organically through its continuous innovation as regards external lines through acquisitions in the U.S., Asia, and Europe. De Nora's intellectual property portfolio currently includes more than 281 patent families with more than 2,800 territorial extensions. The De Nora family owns 53.3% of the company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.

Techbau 
Techbau is a single point of contact and General Contractor, taking on projects in the various fields such as residential, tertiary, industrial, datacenter, logistics and renewable energy sectors, meeting the highest standards of quality and safety, over the years Techbau has grown, constantly expanding its organization, extending its expertise. A common aspiration, a shared intent, and a very clear goal: to assist the client in the entire process of building design, construction, and implementation through comprehensive management of the planning, administration, construction, and permitting aspects.

De Nora Investor Relations
Chiara Locati
+39 02 2129 2124
ir@denora.com

De Nora Media Relations
Barabino & Partners
Office: +39 02/72.02.35.35
Sabrina Ragone – s.ragone@barabino.it  +39 338 25 19 534 
Elena Magni – e.magni@barabino.it  + 39 348 478 7490

Techbau S.p.A. Head Office
Ph +39 0323 589500
info@techbau.it
www.techbau.it