The Ministry of Enterprise and Made in Italy grants De Nora Italy Hydrogen Technologies another public funding for the Gigafactory project, within the framework of the IPCEI scheme, amounting to approx. Euro 31 million

Milan, December 21, 2024 – Industrie De Nora S.p.a (“De Nora”) announces that the Ministry of Enterprise and Made in Italy has notified De Nora Italy Hydrogen Technologies S.r.l. (“DNIHT”) the granting of a public funding, in the form of reimbursement of expenses incurred, amounting to approximately Euro 31 million, in addition to the public funding already granted by the Decree of July 3, 2023, no. 2060, – as announced by De Nora with a press release on July 14, 2023 - up to the maximum value of the support due to DNIHT for the implementation of the activities of IPCEI Hydrogen 1.
The public funding granted by the Ministry is aimed at the implementation of the Italian Gigafactory project by DNHIT, a subsidiary of De Nora, in a joint venture with Snam S.p.A.
De Nora announces, moreover, that the Ministry of Enterprise and Made in Italy has accepted the request for an extension of 12 months, from 31 December 2025 to 31 December 2026, of the term for the completion of the IPCEI Hydrogen 1 project.
 

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Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange, specializing in electrochemistry, a leader in sustainable technologies, and has a pivotal 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 activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine and caustic soda production, components for electronics, and non-ferrous metal refining). Industrie De Nora is also among the world's leading suppliers of water filtration and disinfection technologies (for the industrial and municipal sectors) and the world's leading swimming pool disinfection components supplier. Leveraging its well-established electrochemical knowledge, proven manufacturing capability, and a supply chain established over the years, 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 also holds 25.85% of thyssenkrupp nucera AG &Co. KGaA, a joint venture established with the thyssenkrupp group. Founded in 1923, Industrie De Nora generated total revenues of around EUR 856 million and an Adjusted EBITDA of approx. EUR 171 million in 2023. The Company's growth process has developed organically through its continuous innovation as regards to external lines through acquisitions in the U.S., Asia, and Europe. De Nora's intellectual property portfolio currently includes more than 280 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.

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

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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