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Unionized public service workers to kick off 2nd joint strike

Unionized public service workers are set to stage a joint strike next week, in the second collective action since the rail workers’ walkout last month.

The Korean Public Service and Transport Workers’ Union (KPTU) said some 25,000 union workers of four public institutions — the National Health Insurance Service, Busan subway union and two branches of the Korean Health Care Workers’ Trade Union — will join the walkout scheduled to kick off next Wednesday.

The unionized workers have been pressing the government to suspend what they believe is the government’s push to privatize public services, and reduce wage gaps between regular workers and nonregular workers, and raise real wages.

Earlier, the union of public service workers warned of a joint walkout on three occasions from September through November. In September, rail workers went on a four-day general strike.

Separately, unionized call center workers of KB Kookmin Bank, Hana Bank and Hyundai Marine & Fire Insurance launched a strike for the first time Wednesday.

The KPTU also said they will submit additional proof that the government has violated the convention by the International Labour Organization (ILO), which protects the rights of public service workers to organize and collectively bargain.

Last year, the union, along with the Federation of Korean Trade Unions, filed a petition to the ILO, saying the government has not stood by its act, despite endorsing the right to organize and collectively bargain in a parliamentary ratification of the conventions in 2021.

Source: Yonhap News Agency

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Yoon makes surprise visit to Hangeul museum ahead of Hangeul Day

President Yoon Suk Yeol made a surprise visit to the National Hangeul Museum in Seoul on Thursday, four days ahead of Hangeul Day, to look at various exhibitions documenting the history of the Korean alphabet, his office said.

Yoon was greeted by two groups of kindergarteners who were visiting the museum and took photos with them before entering the exhibition halls, which featured a collection of letters written by King Jeongjo of the Joseon Dynasty in hangeul and a draft of the first Korean dictionary, among other things, according to presidential spokesperson Lee Do-woon.

“The spirit of hangeul, which was invented by King Sejong, is in line with the goals of freedom, equality and prosperity of the modern day Republic of Korea,” Yoon said as he finished the tour, according to Lee.

“King Sejong wished that all people, regardless of position or gender, would communicate freely through hangeul,” he added. “Unlike the general prejudice that it was only used by people of low positions or women, hangeul was an alphabet equally used by people of various classes from the king to the servant.”

Yoon noted the large role hangeul played in helping South Korea become an IT powerhouse, saying it served as a foundation for the nation’s prosperity.

Source: Yonhap News Agency

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(3rd LD) S. Korea, Japan agree to keep momentum going for warming ties in ‘strategic dialogue’

South Korea and Japan held vice-ministerial talks in Seoul on Thursday on bilateral relations and other common issues, including the recent development on North Korea’s closer ties with Russia, agreeing to keep the momentum going for thawing relations, Seoul’s foreign ministry said.

The discussions took place during the “strategic dialogue” held between South Korea’s First Vice Foreign Minister Chang Ho-jin and his Japanese counterpart, Masataka Okano, in Seoul earlier in the day, the first such talks in nine years as the two Asian neighbors have quickly been mending ties after years of a chill over a historical row.

Bilateral relations have thawed after South Korea decided in March to compensate Korean victims of Japanese wartime forced labor on its own without asking for contributions from Japanese companies.

The decision led to President Yoon Suk Yeol traveling to Tokyo later that month for summit talks with Japanese Prime Minister Fumio Kishida, becoming the first South Korean president to make a bilateral visit to Japan in 12 years.

Chang said Thursday’s talks were “meaningful as it helped explore in-depth methods to deepen cooperation for the bilateral relations to further develop in a forward-looking manner,” according to the foreign ministry.

Calling the two countries “important neighbors,” Okana noted the talks provided an “opportunity for broader discussions to elevate the Korea-Japan relations to another level.”

The vice ministers agreed to work together to keep the momentum going for the improvement in bilateral relations.

The two sides also agreed to make efforts to revitalize three-way cooperation with China and continue to bolster the trilateral coordination involving the United States in responding to various regional and global challenges.

Also on the table was North Korea’s recent development in relations with Russia.

“The vice ministers strongly condemned North Korea’s continued nuclear and missile provocations and threats, and agreed that South Korea, the U.S. and Japan should lead a firm and united response from the international community based on close coordination,” the ministry said.

Concerns have grown that Pyongyang and Moscow might have reached an arms deal that would help enhance the North’s military capabilities following last month’s summit between leader Kim Jong-un and Russian President Vladimir Putin.

The meeting also came on the day that Japan discharged its second batch of treated radioactive water from its crippled Fukushima nuclear power plant into the Pacific Ocean through Oct. 23, following its first release from Aug. 24 to Sept. 11.

Japan’s release of the radioactive water has had little impact on the warming of relations, as Seoul has maintained the discharge will have little effect on the environment as long as it is done in a scientifically safe manner.

Reviving high-level diplomatic dialogue channels, including restoring the long-suspended “shuttle diplomacy” of regular leader visits, was part of the agreement reached at the March summit. Since then, the two leaders have held five additional summit meetings.

The strategic dialogue, established in 2005, had not taken place since the last meeting in October 2014 due to a chill in bilateral ties.

Following the meeting, Okano paid a courtesy call on South Korean Foreign Minister Park Jin.

Source: Yonhap News Agency

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VNG named as the winner of the prestigious Inspirational Brand Award

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Mr Kelly Wong – VNG VP (right) at the ceremony

HO CHI MINH CITY, Vietnam, Oct. 06, 2023 (GLOBE NEWSWIRE) — VNG Corporation has been named as the winner of the Asia Pacific Enterprise Awards (APEA) 2023, for the category of Inspirational Brand Award. The title came as the recognition for VNG’s remarkable achievement in cultivating a technology ecosystem that serves millions of users daily, and the company’s unwavering commitment to pioneering innovative and impactful community initiatives.

As part of the Asia Pacific Enterprise Awards 2023 (APEA 2023), Inspirational Brand Award assesses enterprises based on three criteria: goodness, wellness, and sustainability. To qualify for nomination, businesses must be well-established brands with a demonstrated track record of reliability in the market and exhibit clear measurement indicators in each of these areas. Within this category, VNG stands out as the sole technology company participating under the Telecommunications & ICT Industry.

VNG has earned its recognition due to its extensive range of technology solutions and services, seamlessly integrated into the daily routines of millions of Vietnamese users. Furthermore, VNG’s efforts in innovating Corporate Social Responsibility (CSR) initiatives have left a profound and impactful footprint on society, such as supporting underprivileged children and disadvantageous communities, and connecting warm-hearted runners towards mutual causes.

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VNG is ranked in the Telecommunications & ICT Industry

The company is also the operator behind Zalo, Vietnam’s most popular messaging application, boasting over 75 million regular users, and endorsed by more than 10,000 government agencies and public services. With a diverse portfolio of over 100 gaming titles accessible in 20 global markets, VNG holds the position of being Vietnam’s leading game publisher and developer. Another remarkable innovation is the ZaloPay e-wallet and its consistent introduction of financial products, including Accumulation Accounts, Securities Accounts, and most recently, the versatile ZaloPay QR code. Such a product aims to address the payment-related challenges for retail businesses.

Beyond catering the needs of daily users, VNG continues to strengthen its technological capabilities by making substantial investments for businesses seeking pathway towards digital transformation. The services include VNG Cloud, Data Center solutions, and Cloud Camera – an AI-powered solution serving smart urban operations through Veka.ai.

As a flagship component of VNG’s pioneering CSR efforts, UpRace garnered significant recognition from the APEA 2023 Award council. This innovative sporting concept stood out for its remarkable ability to seamlessly connect and engage three stakeholders: businesses, social organizations, and the running community. VNG assumes a multifaceted role for UpRace as the organizer, technical supporter, and strategic partner. Over the course of five years, VNG has joined forces with more than 100 sponsoring companies, mobilizing the participation of over 350,000 individuals, who collectively ran a distance of 16.5 million kilometers. This endeavor has contributed an impressive 25 billion VND to various charitable organizations, including GreenViet, ASVHO, Newborns Vietnam, and Operation Smile Vietnam.

VNG’s standing as an inspiring brand extends into the startup community, and its dedication to nurturing talent is exemplified through its annual VNG Code Tour, the largest programming competition in the country aimed at technology students from all over Vietnam. VNG takes a proactive approach to talent recruitment by engaging with both sophomore and senior students and offering specialized programs such as VNG Tech Fresher, VNG Level Up Fresher, and Game Development Fresher. Furthermore, VNG maintains close partnerships with leading national universities with a focus on emerging fields like AI and game programming.

During his speech at the Award Ceremony, Kelly Wong, Vice President of Game Entertainment, further articulated VNG’s impression on the award: “We assess our company’s success by the positive impact VNG products have on society. As the leading technology company in Vietnam, VNG remains dedicated to continuous investments in research and product refinement, harnessing our technological capabilities to foster sustainable growth and make impactful contributions to the community.”

The Asia Pacific Enterprise Awards 2023 (APEA 2023) is a prestigious international award that has been conducted annually since 2007 in 17 Asian countries and markets, honoring exceptional enterprises, entrepreneurs, and leaders who have demonstrated remarkable accomplishments in the region, showcasing exceptional qualities and achievements. These individuals and businesses have not only built successful enterprises but have also contributed positively to their communities.

In the past, VNG won the international award “Most Innovative CSR Company in Vietnam 2023” and the global award “Best Country Award for Overall CSR Excellence” within the framework of the Global CSR Summit & Awards 2021 at the Global CSR Summit & Awards 2021.

About Asia Pacific Enterprise Awards

Organized by Enterprise Asia – the leading non-governmental organization in business, Asia Pacific Enterprise Awards (APEA) is the region’s leading prestigious award, held in 17 countries and markets in the Asian region. ASIAN. APEA awards is dedicated to exceptional businesses and leaders renowned for their remarkable accomplishments, outstanding qualities, and their ability to build prosperous enterprises while simultaneously contributing positively to the community

To secure an APEA distinction, businesses and leaders must showcase remarkable achievements across critical criteria, including revenue expansion, advancements in product and service offerings, excellence in management, innovation, novel and inventive thinking, and meaningful contributions to their communities.

About VNG

Founded in 2004, VNG is a leading homegrown digital ecosystem in Vietnam, with diverse products and services through four key business segments: Games, Communications and Media, Fintech and Long-term Opportunities. Its mission is to “Build technologies and grow people. From Vietnam to the world”. Its flagship products have transformed the way millions of users experience and interact with the online world, in Vietnam and globally. Today, VNG has approximately 4,000 employees across 10 cities around the world. For more information, please visit: https://vng.com.vn/.

For more information, please contact:

(Ms) Anh Nguyen

Email: anhnp2@vng.com.vn

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/629ed80d-ae10-4c18-8d21-63b382616817

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Acronis EDR Named “Endpoint Security Innovation of the Year” in 7th Annual CyberSecurity Breakthrough Awards Program

Prestigious International Awards Program Recognizes Outstanding Information Security Products and Companies

Acronis EDR Named Endpoint Security Innovation of the Year

Prestigious International Awards Program Recognizes Outstanding Information Security Products and Companies

SCHAFFHAUSEN, Switzerland, Oct. 05, 2023 (GLOBE NEWSWIRE) — Acronis, a global leader in cyber protection, today announced that its Acronis Advanced Security + Endpoint Detection & Response (EDR) for Acronis Cyber Protect Cloud has been selected as winner of the “Endpoint Security Innovation of the Year” award in the 7th annual CyberSecurity Breakthrough Awards program conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market today.

The Acronis Advanced Security + Endpoint Detection & Response (EDR) for Acronis Cyber Protect Cloud features easy deployments and rapid detection, response, and recovery with AI, and automation. The solution offers a broad number of out-of-the-box recovery options that take advantage of the integration with Acronis Cyber Protect backup and recovery, endpoint management, and endpoint security capabilities.

The breakthrough solution delivers complete, integrated protection across the NIST security framework and is designed for MSPs in a single agent. With Acronis EDR, users can streamline investigations with prioritization of potential incidents and reduced alert fatigue. Its automated correlation and AI-based guided attack interpretations unlock minutes-not-hours analysis at scale, while an increased visibility across MITRE ATT&CK® rapidly grasps attack analysis and impact.

Acronis EDR users can remediate by network isolating endpoints, killing malicious processes, quartering threats, and rolling back attack changes. Further investigation is done using remote connections and forensic backups, and future attacks can be prevented by blocking analyzed threats from execution and closing open vulnerabilities.

“We are so pleased to receive the ‘Endpoint Security Innovation of the Year’ award. We deliver an integrated solution with a single agent, simple to deploy, manage, and scale – that eliminates the cost, complexity, and security gaps inherent in multiple non-integrated solutions,” said Gaidar Magdanurov, President at Acronis. “Our solution increases reliability and lowers costs for service providers and IT teams. And we will continue to expand upon our EDR and AI-driven capabilities to simplify protecting the IT infrastructure against cyber threats”.

The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of information security categories, including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Email Security and many more. This year’s program attracted thousands of nominations from over 20 different countries throughout the world.

“Most EDR tools can be over-complicated, forcing users into expensive, time-consuming processes to implement and understand. Acronis EDR is easy to deploy and use, while also following industry-established standards,” said Steve Johansson, managing director, CyberSecurity Breakthrough. “Congratulations to Acronis as they deliver the advanced security of EDR to meet the needs of the IT professionals who use it, allowing them to quickly and easily analyze and prioritize security incidents, minimize downtime, and maintain business continuity while protecting their most sensitive data.”

The solution’s prioritized view also helps to investigate suspicious activities to make it easier to focus threat hunting via a threat intelligence feed, forensic insights, and natively integrated tools across the broader Acronis platform. Additionally, Acronis EDR allows for continuous monitoring for security related events using additional features such as automated behavioral- and signature-based engines, URL filtering, and event correlation.

About Acronis
Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 20,000 service providers to protect over 750,000 businesses.

About CyberSecurity Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit CyberSecurityBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

Karl Bateson
Director of Global Communications
Karl.bateson@acronis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dd95aeb1-a777-405a-a16f-5aaf8d58b1a5

GlobeNewswire Distribution ID 8944688

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Global Telecom Testing Expands Global Footprint to 200 Countries With The Recent Addition Of Myanmar

This new achievement makes Global Telecom Testing the world’s largest privately owned global testing company

LIGHTHOUSE POINT, Fla., Oct. 05, 2023 (GLOBE NEWSWIRE) — Global Telecom Testing, LLC (GTT), a renowned global telecommunications testing company headquartered in Lighthouse Point, Florida, has reached a significant milestone in its journey. With the recent addition of Myanmar, GTT has expanded its global presence to an impressive 200 countries, solidifying its position as The World’s Largest Privately Owned Global Footprint in the telecom testing industry.

GTT’s distinctive approach to telecom testing differentiates it from its competitors. The company employs over 800 local testers stationed in 200 countries, enabling them to meticulously evaluate and simulate the local user experience. This approach empowers GTT’s clients to establish robust local presences and ensures the reliability of their testing environments.

Currently, GTT provides an array of essential services in 200 countries, including:

SMS Testing: 
GTT covers every Mobile Network Operator (MNO) and supports all handset types in every country. Local staff conducts SMS testing, responds to SMS messages, and provides customers with screenshots of all SMS interactions to confirm character integrity.

Toll-Free Number Testing: 
GTT offers outbound local testing of toll-free numbers, including ITFS, TFN, UIFN, and more. Local staff uses local landline and mobile phones and sends completed Call Detail Records (CDRs) to customers.

SIM Purchasing & Shipping: 
Local staff purchases, registers, activates, and ships local SIM cards to customers. This service is available for every MNO in every country.

Telecom Equipment Hosting / Co-Location: 
GTT provides local hosting services for various telecom equipment, including mobile handsets, gateways, SIMRACKS, mini laptops, testing apps, and SIM cards. All equipment is connected to 24×7 Wi-Fi and power.

Local Addresses: 
Customers receive local utility bills that match photo IDs, enabling them to obtain local Direct Inward Dialing (DiD) phone numbers.

In the Wild Testing:
Local testing minimizes risk by ensuring that offerings work effectively before going to market.

GTT’s global reach empowers businesses to seamlessly operate across the globe, establishing it as the world’s most trusted telecom testing company. With local, experienced telecom testers, GTT offers customers access to the resources needed to boost customer retention and revenues. Choosing GTT as their telecom testing partner means customers gain a universal understanding of their in-country user experience and can make informed, actionable decisions, yielding measurable return on investment (ROI).

For more information about GTT and its comprehensive range of telecom testing services, please visit https://globaltelecomtesting.com/

Media Contact
Company Name: Global Telecom Testing
Contact Person: Stephen Levenson 
Phone Number: (954) 358-6292
Email: sales@globaltelecomtesting.com
Website: www.globaltelecomtesting.com
City: Lighthouse Point
State: Florida
Country: USA

GlobeNewswire Distribution ID 8944681

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Asian Games: Indonesia beats China to win dragon boat race

They tried to test us, but we remained calm.

Hangzhou (ANTARA) – Indonesia broke China’s dominance to win gold in the men’s 1,000-meter dragon boat race at the 19th Asian Games in Hangzhou, China, on Friday.Maizir Riyondra and his team finished the race with a record of 4 minutes and 31.135 seconds.

Indonesia was in fifth place after the first 250 meters of the race, but the team managed to power through and move up to second place behind team China, which had led for the first half of the race.

In the last 500 meters of the race, Indonesia slowly but surely narrowed the gap on the home team. The Indonesian rowers finished the race 0.047 seconds ahead of China.

Myanmar took the bronze with a time of 4 minutes and 32.959 seconds.

This was the only gold medal won by the Indonesian dragon boat team in the six events it contested at the Games. China dominated the competition with five golds.

“We tried not to be provoked at the beginning of the race because our competitor, China, is very strong. They tried to test us, but we remained calm,” one of the Indonesian rowers, Anwar, said after the race.

Earlier on Wednesday (October 4), Indonesia secured a silver medal in the women’s 200m dragon boat event, and a bronze in the men’s 200m.

On Thursday (October 5), Indonesia took home two silver medals in the men’s and women’s 500m events.

The Indonesian dragon boat team logged a lackluster performance at the 2018 Asian Games, when they failed to bring back any gold medals.

Source: Antara News Agency

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Nikkiso Expands Operations in the U.S. to Support Its Growing Hydrogen Business

TEMECULA, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), part of Nikkiso Co., Ltd., announced today that it has acquired full ownership of its facility in Murrieta, Calif., and 16.4 acres of land to expand its manufacturing and testing operations.

Currently the Group builds and tests cryogenic vaporizers, heat exchangers, process skids, air separation units, and liquefaction products — the expansion will add four hydrogen testing stations on site to support the Group’s growing hydrogen business.

“The hydrogen economy is accelerating as the energy transition progresses, and Nikkiso has a large role to play,” said Peter Wagner, CEO, Nikkiso Clean Energy & Industrial Gases. “This facility expansion allows us to scale operations and better support global demand for our state-of-the-art cryogenic products and technologies.”

Construction will begin in the first half of 2024.

About Nikkiso Clean Energy & Industrial Gases
Nikkiso Clean Energy & Industrial Gases Group is part of the Industrial Division of Nikkiso Co., Ltd. in Japan. The Group is headquartered in Southern California with facilities, offices, and service centers around the world to manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for industrial gases, natural gas liquefaction (LNG), hydrogen liquefaction, ammonia, and carbon capture and liquefaction.

Media contact
Lisa Adams
+1 405 492 1689

GlobeNewswire Distribution ID 8944570

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Cyber security: technology and skills at the heart of Cybertech Europe, Leonardo SpA presents new industrial plan ready for 2024

ROME, Oct. 05, 2023 (GLOBE NEWSWIRE) — Technology, skills, education, cloud computing, artificial intelligence, defence, critical infrastructure, Space and data protection. These are the themes that fuelled Cybertech Europe 2023, organised in partnership with Leonardo SpA.

Leonardo announced its new industrial plan is set to be ready by the beginning of 2024. As CEO and former Minister of Ecological Transition Roberto Cingolani stated, this plan will rest on two pillars: Space and cyber security.

Cybertech Europe has reached its sixth edition and is primarily dedicated to cyber security. The event, hosted at the Convention Center La Nuvola in Rome, in the EUR neighbourhood, on October 3–4, brought together leading international experts, representatives from institutions, academia, and the business world. This sector is experiencing rapid growth and, in Italy alone, with a market increase of 18% per year.

Leonardo’s plan will be unveiled in the new year. Cingolani explained the spirit that will drive it, highlighting two main aspects. On the one hand, there is the concept of security, which integrates into the present and projects into the future: products, from now on, will have to be designed with this sensitivity right from the outset, starting with the design phase. On the other hand, there is the Space chapter, dealing with satellite management, the internet, and the enormous amount of data that will need protection, travelling above our heads.

“The new industrial plan, which I can’t reveal too much about,” Cingolani noted, “will have two pillars of innovation. First, cyber security understood as a new platform that allows us to design any Leonardo product as ‘cyber secure by design,’ meaning cyber security is incorporated from the design phase and not added after having designed the helicopter or plane. The second pillar will be Space because, as you’ve understood, much of what is now the internet will be via satellite. Space will generate an infinite amount of data that also needs protection.” This will complement the, “traditional core business: aircraft, helicopters, and electronics, to be enhanced with artificial intelligence and digitalisation.”

According to Andrea Campora, Managing Director of the Cyber and Security Solutions Division at Leonardo, “Cyber security is a global ecosystem. The hybrid threats of the past two years have demonstrated the need for a systematic and cooperative response. We have been saying this for ten years, but finally, we are starting to see these responses on a strategic, technological, practical, and organisational level.”

Lastly, Cingolani touched on two points: the operability of the pan-European virtual centre for cyber risk management, which is, “a first step in a strategy that should consolidate in the coming years at the European level,” and the relationship, described as “science fiction” and “false” when portrayed as adversarial, between artificial intelligence and humans.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A video accompanying this announcement is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/1e136466-3a3a-44ed-94fb-db060772c5f3

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Edison celebrates 140 years and plans to invest €10 billion in ecological transition by 2030

Edison celebrates 140 years and plans to invest €10 billion in ecological transition by 2030

MILAN, Italy, Oct. 05, 2023 (GLOBE NEWSWIRE) — Edison marks 140 years in business this year and unveils its development strategy for 2030, with goals extending to 2040, aimed at “strengthening its commitment to ecological transition in support of its customers and the safety and autonomy of the national energy system.” The energy group, led by CEO Nicola Monti, intends to accelerate Italy’s path towards energy transition through a plan that entails investments of €10 billion between 2023 and 2030, with 85% of these investments aligning with the UN Sustainable Development Goals (SDGs).

Approximately €5 billion will be allocated to renewables, €1 billion to flexibility systems, €2.5 billion to energy services for decarbonising consumption, and €1-2 billion to gas sector activities and expanding the customer portfolio. Edison’s plan aims to double EBITDA by 2030, reaching a range of €2 to €2.2 billion compared to €1.1 billion achieved in 2022. According to top management, this goal will be achieved through a significant transformation of the industrial portfolio, with activities having zero or near-zero direct emissions accounting for 70% of EBITDA, compared to the three-year average of 35%.

Edison also intends to maintain its key role in the country’s energy security and autonomy, with a flexible and increasingly decarbonised gas portfolio, thanks to green gases like hydrogen and biomethane. The goal for 2030 is to continue to meet 20% of Italy’s gas demand with green gases, which will account for around 5% of the portfolio.

Among the announcements made during Wednesday’s press conference at the Milan headquarters, CEO Monti talked about hiring plans: “We expect to hire an average of around 300 people per year until 2030.” Monti then focused on Edison’s role: “140 years ago, we initiated the electrification process in the country and ushered in a new era. Today, we are a leader in the energy transition, and our history of pioneering has accustomed us to responsibly contribute to the country’s future to ensure the safety, stability, and autonomy of the national energy system.” “This,” Monti continued, “means always looking ahead and making courageous choices today. That’s why Edison continues to invest in innovation to create new Italian and European value chains in the ecological transition.”

The company is also betting on new technologies. According to Edison, “nuclear energy is one of the lowest CO2-emitting generation sources, ensures minimal land consumption compared to installed electric power, and allows for optimal production scheduling.” The ambition, it stresses, is “to develop new nuclear power, if the conditions are created for its return to Italy. In particular, Edison aims to launch two 340 MW nuclear power plants with SMR technology between 2030 and 2040, leveraging the technological expertise of shareholder EDF.”

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eeccf615-a226-45de-b000-2393efc566eb

GlobeNewswire Distribution ID 8944502

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