Enel is a leading integrated electric utility company from Italy that has been operating in the energy sector for over a century. The company has a strong focus on decarbonisation and renewable energy, and it has been at the forefront of the energy transition in Europe. Enel's commitment to sustainability is reflected in its corporate energy strategy, which is focused on reducing carbon emissions and promoting the use of clean energy sources.
Enel's core business is the production, distribution, and sale of electricity and gas. The company operates in over 30 countries, with a total installed capacity of more than 88 GW of electricity and 2.2 million km of distribution lines. Enel is also a major player in the renewable energy sector, with a total installed capacity of more than 46 GW of renewable energy, including wind, solar, hydro, and geothermal power.
One of Enel's key strategies for promoting renewable energy is through the use of corporate power purchase agreements (PPAs). These agreements allow companies to purchase renewable energy directly from Enel, which helps to support the development of new renewable energy projects. Enel has been a pioneer in the use of corporate PPAs, and it has signed agreements with a wide range of companies, including Google, Facebook, and Coca-Cola.
Enel's commitment to decarbonisation is also reflected in its efforts to reduce its own carbon footprint. The company has set a target to reduce its direct greenhouse gas emissions by 70% by 2030, compared to 2017 levels. Enel is also committed to promoting energy efficiency and has implemented a range of measures to reduce its energy consumption, including the use of energy-efficient lighting and the installation of solar panels on its buildings.
Enel is also a leader in the development of innovative energy solutions, including smart grids and energy storage systems. The company has developed a range of smart grid technologies that allow for the integration of renewable energy sources and the management of energy demand. Enel has also invested in energy storage systems, including large-scale battery storage facilities, which allow for the storage of excess renewable energy for use during times of high demand.
Enel's commitment to sustainability is reflected in its corporate governance practices. The company has a strong focus on transparency and accountability, and it has implemented a range of measures to ensure that its operations are conducted in an ethical and sustainable manner. Enel has also been recognized for its sustainability performance, and it has been included in a range of sustainability indices, including the Dow Jones Sustainability Index and the FTSE4Good Index.
In conclusion, Enel is a leading integrated electric utility company from Italy that is committed to decarbonisation and renewable energy. The company has a strong focus on sustainability, and it has implemented a range of measures to reduce its own carbon footprint and promote the use of clean energy sources. Enel's use of corporate PPAs and its investment in innovative energy solutions, such as smart grids and energy storage systems, make it a leader in the energy transition. Enel's commitment to sustainability and its strong corporate governance practices make it a model for other companies in the energy sector.