Milan, February 27, 2023 - Industrie De Nora S.p.A. - Italian multinational listed on Euronext Milan, specialized in the electrochemical industry and leader in sustainable technologies and in the emerging green hydrogen industry - has initiated an ambitious global project to increase the generation of electricity from solar sources at its production sites. All De Nora sites are studying the feasibility of initiatives related to electricity production from renewable sources.

In the first half of February, the commissioning of a photovoltaic park at the De Nora plant in Germany with an annual capacity of 1.3 GWh is one of the first steps in this strategy, which will involve three more company sites later this year.

The development program plans to reach a total of 3.3 GWh of installed capacity at sites in Milan, Cologno Monzese, and Sorocaba in Brazil by 2023. With the involvement of 12 De Nora sites, the group aims by the end of 2025 to reach 8 GWh of electricity generated from solar sources each year.

This strategy is framed both in the current geopolitical context that undermines the supply of fossil fuels and in the broader horizon of the energy transition towards renewable sources by reducing the emission of greenhouse gases (GHG).

Industrie De Nora, also through this project, consolidates its role as an active player in the path of ecological transition by contributing with its own innovative solutions and making a concrete commitment to reduce emissions related to its production processes.

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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 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 activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine & 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, municipal, and marine 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. Founded in 1923, Industrie De Nora achieved total revenues of over EUR 850 million and Adjusted EBITDA of EUR 190 million in 2022 (preliminary results as of 31 December 2022). The Company's growth process has developed organically, through continued penetration of new markets and applications, and through acquisitions in the U.S., Asia, and Europe. De Nora's continuous innovation drives its growth represented by its evolving intellectual property portfolio, which currently includes more than 260 patent families with more than 2,800 territorial extensions. The Company's portfolio includes a stake (about 34 percent) in the thyssenkrupp nucera joint venture, a world-leading engineering company in chlorine production and water electrolysis plants to produce hydrogen. The De Nora family controls the Group, which owns approximately 55 percent of the Company's share capital. Snam S.p.A. is a minority shareholder with about 26 percent of the capital.

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

Media Relations
Barabino & Partners
Office: +39 02/72.02.35.35
Sabrina Ragone - s.ragone@barabino.it 338 25 19 534
Alberto Piana - a.piana@barabino.it 342 76 70 164

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Industrie De Nora S.p.A. published this content on 27 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2023 14:36:06 UTC.