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SIT obtains the “Silver” sustainability rating by EcoVadis

一月 20th, 2022 Posted by Tutte, Homepage 0 thoughts on “SIT obtains the “Silver” sustainability rating by EcoVadis”

Padua, January 20, 2022 – After obtaining the “bronze” medal in the 2020 evaluation, SIT climbs the ranking and conquers one of the strategic objectives for the group, the “Silver” certification by EcoVadis, an international rating agency that measures companies’ CSR performance (Corporate Social Responsibility), using a methodology based on the highest international reference standards.

The assignment of the “Silver” sustainability rating testifies SIT’s ethical and proactive approach to ESG principles as well as the company’s sustainable action towards both stakeholders and the ecosystem in which it operates.

The Metering division of SIT participates in Enlit Europe from 30 November to 2 December in Milan

十一月 26th, 2021 Posted by Tutte, Homepage 0 thoughts on “The Metering division of SIT participates in Enlit Europe from 30 November to 2 December in Milan”

Padua, November 29, 2021 – The Metering division of SIT, made up of the subsidiaries MeteRSit and Janz, will participate in Enlit Europe, one of the largest conferences and exhibitions dedicated to the entire energy ecosystem, which offers a vast program to discuss issues such as transition energy, decarbonisation, energy resilience, and digitalisation.

https://www.enlit-europe.com/online-calendar/enlit-europe-2021

The first MID-certified, 100% hydrogen meter in the world is Italian, and is produced by SIT

十一月 22nd, 2021 Posted by Tutte, Homepage 0 thoughts on “The first MID-certified, 100% hydrogen meter in the world is Italian, and is produced by SIT”

Padua, 22 November 2021 – MeteRSit – part of the Metering division of SIT group that designs, manufactures and sells smart gas meters – has obtained the “MID – Measuring Instrument Directive” certification for the Domusnext® 2.0 MMU6 H2 residential meter that is 100% hydrogen compatible. The certification, issued by the notified body NMi Certin B.V., is valid in Europe and the UK, as well as other, non-EU countries, and guarantees the accuracy and reliability of the measuring instrument (the meter).

The Domusnext® 2.0 MMU6 H2 meter model – the first in the world to obtain the MID certification – was developed within the British government program “Hy4Heat”, in collaboration with BEIS – Department for Business, Energy and Industrial Strategy. It is also the same model that was installed in the 100% hydrogen-powered houses built in Gateshead, in the north of England, and the same that was exhibited at the COP26 conference in Glasgow, at the BEIS stand.

At COP26 the hydrogen meter made by SIT. CEO Federico de’ Stefani: “We need to work together to accelerate decarbonization”

十一月 8th, 2021 Posted by Tutte, Homepage 0 thoughts on “At COP26 the hydrogen meter made by SIT. CEO Federico de’ Stefani: “We need to work together to accelerate decarbonization””

Glasgow, November 8, 2021 – “Using hydrogen at the post of gas is a virtuous behavior because green hydrogen is sustainable”. It starts with these word by Federico de’ Stefani, CEO of SIT, a video of the Department for Business, Energy and Industrial Strategy (BEIS – Department for Business, Energy and Industrial Strategy) of the UK government which is currently being broadcasted at COP26 – the United Nations conference on climate change that is taking place in Glasgow – together with the hydrogen meter developed by MeteRSit, a company of the group, called DomusNext® MMU6 H2. The video reports the experience of SIT as a company that anticipated the production of gas meters that could also work with hydrogen. “Our commitment was to develop meters that were hydrogen-ready – underlines de ‘Stefani in the video – as well as for boilers: when hydrogen will be available the certified installer will be able with a very simple, short intervention to switch from the use of natural gas to hydrogen. The cost for hydrogen devices will be very similar to gas ones and nothing will change for the user. In the hydrogen supply chain the residential use of hydrogen is the only ready to be employed: whether there is still work to do about the generation and the transportation of hydrogen, we are ready with appliances that make the use of hydrogen safe for residential use. What will change for the users are the benefits, as they will become part of the “hydrogen revolution”, actively contributing to a more sustainable world”.

SIT takes part in the ENLIT Europe fair from 30 November to 2 December 2021 with its Metering division

十月 22nd, 2021 Posted by Tutte, Homepage 0 thoughts on “SIT takes part in the ENLIT Europe fair from 30 November to 2 December 2021 with its Metering division”

MeteRSit (smart gas meters) and JANZ (water meters), will take part in the ENLIT Europe fair in Milan at the Fiera di Rho, from 30 November to 2 December 2021.

Enlit Europe is one of the largest trade fairs-conferences in the energy sector, where issues concerning the future of energy such as the energy transition, decarbonisation, energy resilience and digitalisation find ample space.

The official website of the event:

https://www.enlit-europe.com/

UK HYDROGEN STRATEGY ANNOUNCED

八月 31st, 2021 Posted by Tutte, Homepage 0 thoughts on “UK HYDROGEN STRATEGY ANNOUNCED”

The UK government has announced its long awaited hydrogen strategy and also launched a consultation on funding hydrogen production. The strategy confirms support for both green and blue hydrogen production as well as for the replacement of natural gas in around 3m homes…

SIT, performance significantly improved in Q1: consolidated revenues of Euro 92.7 million (+26% on Q1 2020), EBITDA +69% to Euro 15.1 million.

五月 12th, 2021 Posted by Tutte, Homepage 0 thoughts on “SIT, performance significantly improved in Q1: consolidated revenues of Euro 92.7 million (+26% on Q1 2020), EBITDA +69% to Euro 15.1 million.”

CEO Federico de’ Stefani: “We have introduced a share-based incentive plan to strengthen the relationship between governance and management in order to create sustainable value for the entire organisation and ensure that we attract and retain key resources.”

SIT for Q1 2021 reports:

  • Consolidated revenues of Euro 92.7 million (+26.2% on Q1 2020);
  • Heating Division sales of Euro 70.5 million (+25.0% on Q1 2020);
  • Metering Division sales of Euro 21.3 million (+30.0% on Q1 2020), including Smart GasMetering sales for Euro 16.4 million and Water Metering sales for Euro 4.8 million;
  • Consolidated EBITDA of Euro 15.1 million (+69.0% on Q1 2020);
  • Consolidated net profit of Euro 8.0 million (8.6% margin);
  • Net financial position at March 31, 2021 of Euro 110.4 million (Euro 101.6 million in Q1 2020).

SIT S.p.A., roadshow with Longspur on May 4 and 5: two days of meetings with UK investors

五月 3rd, 2021 Posted by Tutte, Homepage 0 thoughts on “SIT S.p.A., roadshow with Longspur on May 4 and 5: two days of meetings with UK investors”

Padua, May 3, 2021 – SIT S.p.A. (SIT:IM), a multinational listed on the Italian Stock Exchange that creates intelligent solutions for the control of environmental conditions and consumption measurement, on May 4 and 5 is taking part in the roadshow organized by Longspur to dialogue with British institutional investors. Longspur published on April 22 the initial coverage of SIT (available here) indicating a Euro 11,5 target price stressing the positioning of the company as world market leader, the great opportunity deriving from the acquisition in the water sector and the upside coming from the starting of the “hydrogen economy”. In fact, for the first hydrogen houses that are being built in the United Kingdom, MeteRSIT, a SIT Group company that develops and manufactures intelligent gas meters and which is working on an experimental hydrogen gas meter as part of the British government’s Hy4Heat programme, was chosen from among producers of meters that will enable the safe distribution of hydrogen. This was thanks to the DomusNext® H2 meter that allows consumption data reading. Also installed in the houses are Worcester Bosch hydrogen boilers that use hydrogen power safety valves developed by SIT.

MeteRSit meters used in the first 100% hydrogen houses, developed by Northern Gas Networks in the UK

五月 3rd, 2021 Posted by Tutte, Homepage 0 thoughts on “MeteRSit meters used in the first 100% hydrogen houses, developed by Northern Gas Networks in the UK”

Padua, May 3, 2021 – Prototype hydrogen meters produced by MeteRSit, a company specialising in smart metering and part of the SIT S.p.A. group, will be installed in the first houses powered entirely by hydrogen.

The houses, located at the Northern Gas Networks’ (NGN) site at Low Thornley, close to Gateshead in northern England, will demonstrate the use of appliances and heating and cooking systems powered entirely by hydrogen. Construction is expected to be completed by the end of May, 2021.

SIT is partner of the “Value of Water for Italy Community” promoted by The European House – Ambrosetti

二月 11th, 2021 Posted by Tutte, Homepage 0 thoughts on “SIT is partner of the “Value of Water for Italy Community” promoted by The European House – Ambrosetti”

Padua/Milan February 10, 2021 – SIT SpA, a multinational company listed on the MTA segment of the Italian Stock Exchange which, through the Heating and Smart Metering divisions, creates smart solutions for the control of environmental conditions and for the measurement of consumption, has joined- as a partner – the Community “Valore Acqua per l’Italia” (Value of Water for Italy), the discussion platform promoted by The European House – Ambrosetti which deals with the issue of water resource management as a driver of competitiveness and industrial development, with the aim of making proposals to the country system.

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