De Nora and Duferco Energia signed a letter of intent to promote decarbonization projects in Italy and abroad jointly

Milan, 29th July 2024 – Industrie De Nora, an Italian multinational company specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry, has signed a letter of intent with Duferco Energia, among the leading companies in the Italian energy market, to start a collaboration in the implementation of green hydrogen production projects and thus contribute to the decarbonization of the mobility, energy, and logistics sectors in Italy. 
Specifically, De Nora and Duferco Energia intend to collaborate on projects for the production of green hydrogen, a highly dynamic sector fueled by numerous governments and PNRR grants. 
In detail, according to the non-binding letter of intent signed between the parties, De Nora intends to make its technologies, including the Dragonfly® electrolyzer, available to Duferco Energia and to participate jointly in projects. For their side, Duferco intends to consider De Nora as a reference supplier for water electrolysis processes and offer their commercial and industrial network to develop green hydrogen-related projects.
Paolo Dellachà, CEO of De Nora, comments, "We are pleased to have started an Italian partnership with Duferco Energia and convey De Nora technology for projects where green hydrogen will play a key role in decarbonization. The collaboration between the two companies will allow us to strengthen our commercial and industrial position by fostering the adoption of our products on a large scale and for the many applications in which Duferco excels. Through this partnership, we will offer the market plants made by Duferco Energia using De Nora's electrolysis technology to produce green hydrogen, ensuring the best economic return for a sustainable energy transition."

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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 electro-chemical 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, 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.

Duferco Energia
Duferco Energia SpA is a Duferco Group company among the top ten players in the Italian energy market. Established to manage the Group's investments in power generation plants from renewable sources, it later focused on marketing energy, gas, and energy efficiency and sustainable mobility services for all market segments. Based in Genoa with over 400 employees, the Company has been operating in the Italian market since 2010 and offers energy services to more than 500,000 customers. Today, Duferco Energia is also among Italy's leading players in sustainable mobility, with a network enabled by its own charging services of more than 30,000 charging points, and it is developing energy efficiency and renewable generation projects. 
www.dufercoenergia.com

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

Duferco Energia Media Relations
Matteo Parodi, Marketing & Comunicazione Manager
matteo.parodi@dufercoenergia.com  +39 334 623 5819