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Acea (company)

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Acea
Company typeSocietà per azioni[1]
IndustryUtilities
Founded1909; 115 years ago (1909) in Rome
Headquarters
Rome
,
Italy
Key people
Revenue€4,649 million (2023[2])
€294 million (2023[2])
Number of employees
10,220 (2023[2])
Websitewww.gruppo.acea.it/en

Acea Spa (originally an acronym for Azienda Comunale Elettricità e Acque—Electricity and Water Municipal Utility) is a multiutility operative in the management and development of networks and services in the water, energy and environmental sectors.[3] Originally the city of Rome's provider,[4] the Acea group is the main national operator in the water sector with a catchment area of about 10 million people,[2] and manages integrated water services—aqueduct, sewerage and purification—that span the territories of Rome and Frosinone, as well as their respective provinces. Acea's activity is concentrated in Lazio, Tuscany, Umbria, Molise and Campania, as well as in some Latin American countries including Honduras, Peru and the Dominican Republic.[2][5]

Acea is listed on the Borsa Italiana and is part of the FTSE Italia Mid Cap index.[6]

History

Rome’s Municipal Electric company, better known by its Italian acronym AEM (for "Azienda Elettrica Municipale"), was founded in 1909 to provide public and private street lighting.[7][8] In 1912, AEM opened the Centrale Montemartini, its first thermoelectric power plant through which AEM started selling electricity in Rome.[9][10][11]

In 1937, the governor of Rome entrusted the company with building and managing of aqueducts as well as the water distribution network for the city. With the newfound responsibilities, AEM changed its name to AGEA (an acronym for "Azienda Governatoriale Elettricità e Acque", Italian for "Government Electricity and Water Company") before changing it again to its current name Acea in 1945.[7][8] At the end of World War II, the Centrale Montemartini was the only available power plant still operational because it coincidentally escaped the bombings.[10]

In 1953, the Municipal Council of Rome approved Acea’s plan for self-sufficiency in electricity with the aim of improving the city's water system.[8] For the Rome Olympics in 1960, Acea also took responsibility for the city’s public lighting systems.[12]

In 1964, Acea gained control of Rome’s entire water network on the expiry of the concession to Acqua Pia Antica Marcia for the management of the Marcio Aqueduct.[8][13]

In 1976, Acea’s plan for hydro-sanitary and street lighting refurbishment was approved within the framework of the redevelopment policy of Rome’s suburbs launched by the Rome Municipality.[14] In 1979, the Peschiera-Capore aqueduct system was completed, which continues to be Rome's main water source.[8][15]

It was in 1985 that the company completed the management of the water cycle by taking on purification services.[8]

In 1989, Acea changed its name from “Azienda Comunale Elettricità” (Municipal Electricity and Water Agency) to “Azienda Comunale dell’Energia e dell’Ambiente” (Municipal Agency of Energy and the Environment).[8]

In the nineteen eighties and nineties, the Tor di Valle cogeneration plant began operation (in 1984, converted later to combined cycle from 1996)[16] and the EUR water centre was inaugurated (1993).[8]

In 1992, Acea became a Special Agency and, from the first of January, 1998, a Joint Stock Company (Acea S.p.A.) which, with Chief Executive Officer Paolo Cuccia at the helm, made its entrance on the Milan Stock Exchange on the 16th of July the following year.[8][13]

In 2000, Acea entered the foreign market by constructing and conceding of a water plant in Lima (Peru).[17][18]

In 2001, Acea acquired the Enel branch responsible for electricity distribution in the metropolitan area of Rome.[19]

In the early 2000s, Acea took over the management of the integrated water service of ATO 3 Sarnese-Vesuviano in Campania, ATO 5 Lazio Meridionale-Frosinone and, for the Tuscan region, ATO 2 (Pisa), ATO 3 (Florence) and ATO 6 Grosseto-Siena through a group of subsidiary companies.[17][20][21]

On 12 January 2018, Acea and Open Fiber stipulated an agreement for the development of an ultra-wide band communication network in Rome.[22] In the same year, Acea entered the gas distribution sector.[23][24]

On 10 July 2019, Acea, the Rome Municipality and the Lazio Region signed the renewal of the concession until 2031 for the management of the Peschiera aqueduct, an agreement made in light of the plan to double its size.[25][26]

Activities

Through the Group’s companies,[27] Acea deals with: the integrated water service, production and distribution of electricity (including public and artistic lighting), the sale of energy and gas and waste treatment.[28][29] These activities are divided into 7 areas:

Water Italy

Acea is the leading operator in the water sector in Italy (2022),[30][13] serving 10 million inhabitants.[2] In addition to managing the integrated water service of Rome and Frosinone, it operates in other areas of Lazio, Tuscany, Umbria, Campania and Molise.[13][31]

Environment

The Acea Group is responsible for waste management with 1.8 million tons of waste managed every year.[2][31]

With an eye on a circular economy, it manages composting plants like the one in Aprilia, the largest in Lazio,[32] and the anaerobic digestion plant of Monterotondo Marittimo in Tuscany.[33] In 2019, Acea entered the plastics treatment sector.[34][35]

It also manages waste-to-energy plants in San Vittore and Terni.[36][37]

Production

Acea is one of the leading Italian players in the energy generation from renewable sources, with 750 GWh of energy produced.[2][38]

It is particularly present in the photovoltaic sector with a power of 101 MW, in the thermoelectric sector with 110,7 MW and in the hydroelectric one with 119,3 MW.[39][40]

Commercial

It sells electricity and natural gas to medium-sized companies and families, with 6.8 TWh of electricity sold.[2][41]

It also offers services related to electric mobility[42][43] and organic waste composting.[44][45]

Networks & Smart Cities

It supplies 9 TWh of electricity to Rome and the surrounding municipalities, managing its public and artistic lighting.[2][13]

Acea is also working on projects regarding energy efficiency[46] and smart grids.[47]

Engineering & Infrastructure Projects

Acea designs, constructs and manages energy infrastructures[48] and integrated water systems.[49] It also provides laboratory services and engineering consultancy.[2]

Water (Overseas)

The Group also operates in Latin America, managing water operations in Honduras, the Dominican Republic and Peru, where it serves about 10 million inhabitants.[2][17]

Group structure

Source:[2]

Operations

  • 59,000 km of drinking water network managed by Acea[2]
  • 7 Hydroelectric power plants
  • 2 Thermoelectric power plants [39][51]
  • 2 Waste-to-energy plants [39][36]
  • 1 Plastics treatment plant [39][52]
  • 232,334 lamps for Rome public and artistic lighting[39]

Financial information

2023[2][53] 2022[30][54] 2021[55][56] 2020[57][58] 2019[59][60] 2018[61][62] 2017[63] 2016[63]
Consolidated revenues
(million €) 		4,649 5,138 3,972 3,379 3,186 3,028 2,797 2,832
EBITDA
(million €) 		1,391 1,305 1,256 1,155 1,042 933 840 896
Net profit
(million €) 		294 280 313 285 284 271 181 262
Investments
(million €) 		993 1,001 931 907 793 631 532 531

Board of directors

Board members in charge until the approval of the 2025 Annual Report:[64]

Ownership structure

Source:[68]

  • Roma Capitale: 51.00%
  • Suez SA: 23.33%
  • Francesco Gaetano Caltagirone: 5.45%
  • Market: 20.22%

References

  1. ^ "Borsa Italiana". Retrieved 21 February 2019.
  2. ^ a b c d e f g h i j k l m n o "Consolidated Financial Statement 2023" (PDF). Retrieved 6 May 2024.
  3. ^ "Bloomberg - Company Overview of ACEA S.p.A." Bloomberg News. Retrieved 23 July 2019.
  4. ^ Colombo, G. (2006). Who's Who in Italy. Sutter's International Red Series. ISBN 9788885246485.
  5. ^ "Alternanza scuola-lavoro, torna il progetto 'Ideazione' di Acea" (in Italian). Retrieved 23 July 2019.
  6. ^ "Borsa Italiana - Acea". Retrieved 23 July 2019.
  7. ^ a b "L'acquedotto del Peschiera, grande opera del fascismo, in mostra a Roma" (in Italian). Retrieved 8 April 2019.
  8. ^ a b c d e f g h i Battilossi, Stefano (2001). Acea di Roma 1909-2000: da azienda municipale a gruppo multiservizi. FrancoAngeli.
  9. ^ "La "Pro Ruscio" in visita a una vecchia centrale". Corriere dell'Umbria (in Italian). 5 February 2006. Retrieved 8 April 2019.
  10. ^ a b "Centrale Montemartini". Retrieved 8 April 2019.
  11. ^ Wong, Liliane (2016). Adaptive Reuse: Extending the Lives of Buildings. Birkhäuser.
  12. ^ "Olimpiadi Roma '60, emozioni di luce sul Colosseo" (in Italian). Retrieved 1 October 2019.
  13. ^ a b c d e "Il Sole 24 Ore - Acea" (in Italian). Retrieved 8 March 2019.
  14. ^ Alberto Clementi; Francesco Perego (1983). La Metropoli "sponstanea": il caso Roma, 1925-1981: sviluppo residenziale di una città dentro e fuori il piano. Edizioni Dedalo.
  15. ^ "Da dove viene l'acqua di Roma" (in Italian). Retrieved 22 October 2019.
  16. ^ Del Duro, Renzo Mario (2014). Dalla cogenerazione alla trigenerazione: come ridurre la dipendenza energetica dell'Italia. FrancoAngeli.
  17. ^ a b c Associazione studi e ricerche per il Mezzogiorno (2006). L'industria idrica italiana: scenario economico finanziario, struttura territoriale e modelli di gestione e confronto. Guida Editori.
  18. ^ "Rio Chillon" (in Italian). Retrieved 1 October 2019.
  19. ^ "La rete Enel di Roma ad Acea" (in Italian). Retrieved 1 October 2019.
  20. ^ AA.VV. (2008). Le imprese del settore idrico in Italia: una analisi di benchmarking. FrancoAngeli.
  21. ^ "Acquedotto del Fiora entra nel perimetro di Acea" (in Italian). Archived from the original on 2019-11-17. Retrieved 22 October 2019.
  22. ^ "Accordo Acea-Open Fiber per la banda ultra-larga nella capitale" (in Italian). Retrieved 7 October 2019.
  23. ^ "Acea conquista Pescara Distribuzione Gas" (in Italian). Retrieved 22 October 2019.
  24. ^ "Acea entra nel settore della distribuzione del gas" (in Italian). Retrieved 7 October 2019.
  25. ^ "Regione Lazio, Comune Roma e Acea firmano disciplinare per rinnovo concessione acquedotto Peschiera" (in Italian). Retrieved 7 October 2019.
  26. ^ "L'Acquedotto del Peschiera raddoppia: "Al sicuro l'approvvigionamento idrico di Roma. Sarà il più grande cantiere del centrosud"" (in Italian). Retrieved 7 October 2019.
  27. ^ "Alternanza scuola-lavoro, anche Acea apre le porte agli studenti all'insegna della sostenibilità" (in Italian). Retrieved 8 March 2019.
  28. ^ "Il Sole 24 Ore - Finanza & Mercati - Acea" (in Italian). Retrieved 26 September 2019.
  29. ^ "Borsa Italiana" (in Italian). Retrieved 8 March 2019.
  30. ^ a b "Consolidated Financial Statement 2022" (PDF). Retrieved 28 April 2023.
  31. ^ a b "Da ACEA i mini impianti di compostaggio diffuso per i rifuti organici" (in Italian). Retrieved 19 November 2019.
  32. ^ "Rifiuti: ACEA inaugura ad Aprilia impianto di compostaggio più grande del Lazio" (in Italian). Retrieved 19 November 2019.
  33. ^ "Acea: al via il più grande centro di compostaggio della Toscana" (in Italian). Retrieved 19 November 2019.
  34. ^ "Acea acquista il 90% di Demap" (in Italian). Retrieved 30 January 2020.
  35. ^ "Acea entra nel comparto del trattamento plastiche" (in Italian). Retrieved 30 January 2020.
  36. ^ a b "Termovalorizzatore Acea, realizzati due nastri high-tech con gruppo Magaldi" (in Italian). Retrieved 30 July 2019.
  37. ^ "Rifiuti, verso l'ampliamento del termovalorizzatore di Acea: "Avviate interlocuzione con la Regione"" (in Italian). Retrieved 19 November 2019.
  38. ^ "ACEA lancia campagna green. Gola: "Da oggi intera produzione energia da fonti 100% rinnovabili"" (in Italian). Retrieved 21 June 2022.
  39. ^ a b c d e "Sustainability Report Acea 2023" (PDF). Retrieved 6 May 2023.
  40. ^ "Acea cresce nelle rinnovabili" (in Italian). Retrieved 21 June 2021.
  41. ^ "Acea, al via nuova offerta luce e gas: obiettivo 1,7 mln clienti nel 2022" (in Italian). Retrieved 19 November 2019.
  42. ^ "Acea, ecco il piano per la mobilità elettrica a Roma" (in Italian). Retrieved 21 June 2022.
  43. ^ "Acea: entra nel business ricarica per la mobilità elettrica" (in Italian). Retrieved 21 June 2022.
  44. ^ "Acea Smart Comp, lo smaltimento è fatto in casa" (in Italian). Retrieved 21 June 2022.
  45. ^ "Transizione ecologica, siglato accordo tra Acea Innovation e Federdistribuzione" (in Italian). Retrieved 21 June 2022.
  46. ^ "PASO, il progetto di Acea per il controllo smart della rete elettrica" (in Italian). Retrieved 17 May 2022.
  47. ^ "Il sistema smart grid in Acea" (in Italian). Retrieved 19 November 2019.
  48. ^ "Andrea Bossola illustra il business Idrico di Acea" (in Italian). Retrieved 21 June 2022.
  49. ^ "Andrea Bossola illustra il business Idrico di Acea" (in Italian). Retrieved 19 November 2019.
  50. ^ "Acea, completata l'acquisizione del restante 30% di SIMAM" (in Italian). Retrieved 28 April 2023.
  51. ^ "Roma, riapre la centrale di Tor di Valle di Acea" (in Italian). Retrieved 30 July 2019.
  52. ^ "Acea entra nel comparto del trattamento plastiche" (in Italian). Retrieved 30 July 2019.
  53. ^ "Acea, utili record nel 2023 e piano investimenti da 7,6 miliardi" (in Italian). Retrieved 6 May 2024.
  54. ^ "Acea, utile 2022 in calo su tassa extraprofitti. Prevede 2023 in crescita" (in Italian). Retrieved 28 April 2023.
  55. ^ "Consolidated Financial Statement 2021" (PDF). Retrieved 12 May 2022.
  56. ^ "Acea: risultati 2021 in crescita. dividendo a 0,85 euro" (in Italian). Retrieved 12 May 2022.
  57. ^ "Consolidated Financial Statement 2020" (PDF). Retrieved 18 May 2021.
  58. ^ "Acea, conti 2020: utile stabile a 285 milioni. Dividendo di 0,80 euro" (in Italian). Retrieved 18 May 2021.
  59. ^ "ACEA, risultati boom nel 2019. Donnarumma: "Sono ottimi, migliori della guidance"" (in Italian). Retrieved 26 June 2020.
  60. ^ "Consolidated Financial Statement 2019" (PDF). Retrieved 3 June 2020.
  61. ^ "Consolidated financial statements 2018" (PDF). Retrieved 26 June 2020.
  62. ^ "Acea: utili in aumento del 50%, sale la cedola" (in Italian). Retrieved 26 June 2020.
  63. ^ a b "Consolidated financial statements 2017" (PDF). Retrieved 26 June 2020.
  64. ^ "Acea, ok assemblea a nuovo CdA: Palermo AD, Marinali Presidente" (in Italian). Retrieved 19 April 2023.
  65. ^ "Acea, Fabrizio Palermo confermato amministratore delegato" (in Italian). Retrieved 5 May 2023.
  66. ^ All independent directors excepted for Yves Rannou
  67. ^ "Acea, new entry in Cda" (in Italian). Retrieved 6 May 2024.
  68. ^ "Consob - Acea ownership structure as of 1 May 2023". Retrieved 6 May 2024.
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