ENERGY

Started with the aim of meeting global energy hedging needs of the Group, today the Energy division has grown into making Duferco a leading player in trading, wholesale, retail and renewable production.

ENERGY DIVISION

The Energy division is made up of two main business areas: Energy Production & Retail and Energy Trading. Energy division core activities are renewable energy trading, retailing and broadening the field of operations to new projects such as e-mobility, energy communities and efficiency projects.

For what concerns energy trading, the Group has a strong presence through DXT and DXT International, the parent company of several subsidiaries all around the world.

DXT focuses particularly in renewable and conventional power, natural gas, and LNG, enabling the shift towards a virtuous mechanism upon clean energy and energy efficiency.

A change towards diversification of operations dates back in 2015 when DXT International expanded geographically in the US with DXT Commodities North America, and in Brazil’s growing power market, where Matrix became the first independent trading company by volume negotiated. FY21 marked a further consolidation of Matrix’s positioning in the Brazilian renewable energy market with the project’s approval to develop the first-generation plant owned by the company. The project comprises three photovoltaic power systems, which will be able, when fully operational, to generate over 185 GWh per year.

Within the Group, energy trading activities are carried out also by Duferco Energia, whose main activities concern portfolio management, trading and market analysis. The company operates in the wholesale power and gas markets and on the stock exchanges of the main European markets, such as IPEX, EPEX and EEX.

Operations in Duferco Energia and its subsidiaries are expanded to energy production and retail sector.

The company stands today as a one of the leading players in the Italian energy market, providing a wide range of solutions to industrial plants, apartment blocks, various business activities and single families.

In recent years the company implemented sustainable mobility projects and stands today among the top Italian private providers of charging services for electric cars. In addition, it provided Elettra, a 100% electric car sharing in Genoa. Today’s fleet comprises 150 full-electric cars, which can be booked through the classic “station-based” rental formula or with the new “free floating” mode. In FY21, Duferco Energia, thanks to the Elettra business model, has been selected among the 15 finalists of the Italian contest “L’Italia che verrà”, which selected the most innovative projects of the year.

In this framework of energy transition, the Group also started activities in the biomass sector. Biomass activities are carried out by two companies of the Group: Duferco Biomasse, a subsidiary of Duferco Energia, and Energy Biomass Sourcing (EBS). Both companies operate in lumber logistics, processing and supply in Europe, supplying thermal power plants.

ENERGY KEY DATA

DXT Commodities

>1,000

TOTAL COUNTERPARTIES

262

TOTAL EMPLOYEES

591 TWh

TOTAL ENERGY TRADED

Duferco Energia

90 GWh

OF RENEWABLE ENERGY
PRODUCTION IN 2022

+35,000

CHARGING POINTS FOR
ELECTRIC CARS IN ITALY

+ 350,000

POD (point of delivery)

ENERGY EFFICIENCY

Energy efficiency relies at the core of Duferco Energia business model, with the development of multiples projects related to requalification and efficiency for condominiums, companies, associations and private residences. Among the corporate branches that recorded the greatest increase in business volumes, is the one linked to installation of insulation systems.

172

COMPLETED PROJECTS

81

ONGOING PROJECTS

Under this aspect, Duferco Energia has been one of the first companies in Italy to promote projects for the realization of condominium thermal coats, taking advantage of all the opportunities of Ecobonus and Sismabonus. In particular, this stream of activities further increased during 2020, thanks to the new release of the Italian Decree-Law “Decreto Rilancio”, which upgraded renovation incentives to a tax deduction of 110% of the expenses incurred for energy efficiency and sismic risk reduction projects.

BIOMASS

Duferco plays an active role also in biomass production and trading through the controlling share in two distinct companies in the sector: Duferco Biomasse and Energy Biomass Sourcing (EBS). Both companies operate in lumber logistics, processing and supply in Europe, supplying thermal power plants. The biomass production process is primarily based on circularity, and both Duferco companies involved are PEFC certified in their operations. During 2022, the companies involved in the production of energy from biomass sources, Duferco Biomasse and EBS, produced around 460 thousand MWh of energy.

460,000

MWh Produced

THE VAIA FOREST RECOVERY

On October 2018, the Vaia storm hit the North-Eastern regions of Italy with peak winds exceeding 200 km/h, making it comparable to a massive hurricane and a subsequent relevant rainfall. The storm destroyed fourteen million trees in the Alpine valleys of Lombardy, Trentino, Veneto, and Friuli. Vaia is the largest single windstorm event recorded in Italy. The storm hit some of the most beautiful and richest forests in Italy located in the Dolomites Mountains.

In this scenario, Duferco Biomasse stepped forward and was awarded one of the largest lots made available by the maxi tender published by the Municipalities: the collection of about 360 thousand cubic meters of wood, thus creating the largest forestry site in Italy and the largest for the company so far. This activity has led the company to diversify its business, starting a timber trade with some Asian countries and making a signifificant contribution to the management of the forests in the area hardly hit by the storm.

Duferco intervention also has an impact from a biodiversity perspective. The rapid removal of the wood in fact, avoids the proliferation of bacteria and phyto-pathologies that would risk compromising the rest of the vegetation and the forest area.

E-MOBILITY

Electric mobility stands out as one of the most expanding businesses of Duferco Energia. Within a few years of operations, the company has become one of the main national players within this sector, representing a major mobility service provider.

35,000

network of Charging Points in Italy

175,000

network of Charging Points in Europe
Charging point - Mobility Duferco

Starting from 2014, the Group joined an European network made up of over 12,000 CPO (Charging Points Operator) allowing the customers of Duferco Energia to have access to the network of 35,000 enabled charging points in Italy and 175,000 in Europe. The company’s charging solutions are catered to individuals, companies and accomodation facilities.

Recently Duferco Energia obtained €26 million finance contract entered with Cassa Depositi e Prestiti (CDP), Crédit Agricole Italia (CAI) and the European Investment Bank (EIB) to accelerate the infrastructural development of the electricity charging network in Italy and support the energy transition. The goal is to add 1,800 new electric vehicle charging stations to the country’s network.

COMPANIES OPERATING IN THE ENERGY TRADING BUSINESS

Company for Trade and Service Solaris Trejd Dooel

Skopje, NORTH MACEDONIA

Duferco Energia S.P.A.

Genova, ITALY

Duferco Hellas S.A.

Athens, GREECE

DXT Commodities S.A.

Lugano, SWITZERLAND

Grafton Commodity
Trading LTD

London, UNITED KINGDOM

Grafton Trading
(Shanghai) CO., LTD.

Shanghai, PEOPLE’S
REPUBLIC OF CHINA

Matrix Comercializadora
de Energia Eletrica SA

São Paulo, BRAZIL

COMPANIES OPERATING IN RETAIL & RENEWABLE PRODUCTION

Duferco Biomasse S.R.L.

Cavallermaggiore (CN), ITALY

Duferco Energia S.P.A.

Genova, ITALY

Duferco Solar
Giammoro S.R.L.

Pace del Mela (ME), ITALY

Duferco Solar Puglia S.R.L.

Genova, ITALY

Duferco Solar S.R.L.

Genova, ITALY

Duferco Solar Trieste S.R.L.

Trieste, ITALY

ELCA S.R.L.

Genova, ITALY

Energia & Territorio S.R.L.

Genova, ITALY

Energy Biomass
Sourcing S.A.S

Paris, FRANCE

Eurl Duf Algerie Developpement

El Mohamadia, ALGERIA

Idroelettrica Sud S.R.L.

Genova, ITALY