A RESPONSE TO HOUSEHOLDS’ GROWING ENERGY DEMAND ARISING FROM THE EVOLVING DOMESTIC NEEDS AND FROM THE NEW MOBILITY.
The operation forecasts an investment plan of over 13 million Euro. Globally, 100 million photovoltaic1 systems for residential are expected to be installed in 2030, with a penetration rate of storage systems of 29% as early as 2025
Milan-Padua, 10 July 2023 – The companies e-Novia and SIT, listed on Euronext – Borsa Italiana, announce that on July 7, 2023, they established the company Hybitat, which will have the goal of creating an innovative hydrogen generation and storage system for residential use.
The skills of e-Novia in deep-tech technological innovation and the technical/industrial expertise of SIT concerning safety systems for residential heating and climate control represent the companies’ assets at the service of Hybitat in a market segment with great growth potential.
Hybitat’s Board of Directors includes five Directors, amongst which Vincenzo Russi, Chief Executive Officer and Co-founder of e-Novia, and Federico de’ Stefani, Chairman and Chief Executive Officer of SIT. Mario Corsi has been appointed President of Hybitat. Corsi, director at Enel since May 2023, brings to the new company an exceptional vision and expertise in the energy sector. He was previously Chief Executive Officer of ABB Italy from 2015 to 2020, where he was also Chairman of the Board of Directors.
Electricity storage is a crucial element for creating a more sustainable economy. By 2040, the total potential market for Long Duration Energy Storage3 could represent the equivalent of 10% of all electricity consumed, rising from 1.5 to 2.5 TW of global capacity. Additionally, the green hydrogen market is projected to reach $1.4 trillion4 in revenue by 2050, supplying 25% of the world’s energy needs. In Italy alone, as of 2022, 1,221,0455 solar plants were registered, of which more than 86% are residential with a power of less than 12 kW. There were 205,806 new plants built in 2022 against 79,878 new plants in 2021, thus marking an increase of 158%. A growth trend continues to be recorded also in the first quarter of 2023. In fact, 103,000 new systems were installed, recording a growth of 218%6 compared to the same period of 2022. Regarding storage systems combined with photovoltaic systems, there is an increase from a total of 75,4027 in 2021 to 227,477 in 2022, recording a significant growth of 202%.
