Is at the first place amongst electricity generator, with a strong boost in free-emission generation. It's one of the not-to-miss top company for 2016. And lays fibre optic cables for ultra-fast broadband for tlc
In recent months, Francesco Starace has been building a sort of Enel 4.0. Its cornerstones are the vast array of know-how within the group, huge industrial ambition and a relaunch of its areas of expertise and operations. It is no surprise that Bloomberg has included Enel in its list of 50 global companies to watch in 2016, thanks in part to the increase in investments in emerging markets in rapidly growing areas such as Latin America and Africa. «We are proud to be selected», stated Starace, «because it is an acknowledgement of the soundness of our strategy to capitalize on the opportunities in all markets. In areas with emerging markets, we are supporting sustainable progress through investments in clean energy and infrastructure development. In the more mature markets, we are focusing on digitization, through smart grid implementation and other innovative solutions».
None of this would be possible if the company were not able to count on and make the most of work in areas where Starace has been a leading exponent for 30 years. During the presentation of Enel’s business plan in London, fresh details were revealed about the new shape that the Italian electricity company is going to take. It will be a new Enel, because by 2050 it will be carbon free: in other words, it will be able to generate emission-free electricity. Long before then, its grids will be increasingly smart and capable of integrating renewable energy while providing customers with new services. One way in which this will be achieved is with the new digital meters that the company will start fitting in a few months.
In short, Enel’s new business plan is built on renewable and digital approaches. The new fibre optic cable laying company is in the expert hands of Tommaso Pompei, who was a start-upper in the 1990s with Wind. The network will be open to all telecommunications companies and it will provide comprehensive ultra-fast broadband coverage for the Italian territory and population. As Enel replaces 32 mn electricity meters in Italian homes in the next five years, it will seize the opportunity to take fibre optic cables into the dwellings at the same time, through its conduits or with its overhead lines. By doing so, it will create value with competitive costs that will act as a huge driver of business and growth for the entire national economy.
Alongside this, Enel Green Power has been brought back directly under company control, after being separated from the main business and listed five years ago. Analysts had no hesitation in calling it an era-defining change: Enel has gone from being a strong but slow pachyderm to a gazelle: quick to take opportunities and capable of going far. None of this has distracted it from effective, efficient management of its defining business: generating, distributing and selling electricity. In the first nine months of 2015, it posted a net ordinary income of € 2.6 bn (+42%) and revenues of approximately € 56 bn (+3.6%).