As part of the Circular Economy we will reach 6.6 million tonnes of waste treated and new data centers to be developed leveraging energy assets as a platform to grow.
Leadership consolidation while maintaining focus on waste valorisation through energy and heat recovery.
Nota:
(1) Si riferisce al business di trattamento rifiuti, incluso il segmento raccolta
The new Circular Economy BU, aligned with the principles and ambitions of the Plan strategic pillar, unlocks new growth opportunities along the entire value chain.
Energy partner for players in the industry.
Direct investments in the development of data centers by leveraging our most strategic energy assets.
We intend to consolidate our leadership in the waste sector by 2035, managing about 6.6 million tonnes of waste. Investments planned will address Italy’s infrastructure gap and enhance waste valorisation, through energy and material recovery.
Mt
CAPEX2
2024-2035
EBITDA2
@2035
Notes:
(1) Includes the entire treatment capacity in use
(2) Refers to waste treatment business, including Collection
We established a new Circular Economy Business Unit to foster operational integration across business areas with complementary strengths generating synergies. Today, the BU includes waste management, water cycle, district heating, energy efficiency, and more recently, data-center-related activities.


CAPEX
2024-35
EBITDA
@2035
We position ourselves both as an energy partner for market players - in energy supply, electricity networks, and thermal management businesses - and as a direct developer, thanks to its strong presence in high-potential areas.
Expected electricity demand from data centers in Italy could be up to 42 TWh to 2035.
For this reason we will offer the production and supply of energy to data centers, including long-term agreements to stabilize energy costs.
Italy’s potential market
TWh
Expected electricity demand
from data centers in Italy
Source: Position paper "Italy of data centers", A2A-TEHA, 2025
Note:
(1) Data to 2035 refers to baseline scenario
Requests for connections to the MV network in Milan will reach 1.4 GW to 2035. We offer connection to the distribution grid within the areas where we operate as Distribution System Operator.
Connection requests Milan
MW
Request for connections
to the MV network in Milan
Source: Position paper "Italy of data centers", A2A-TEHA, 2025
Note:
(1) Data to 2035 refers to baseline scenario
Recoverable heat from data centers in Milan to 2035 is higher than 3 TWht. We recover waste heat to power the district heating network in the areas served by the Group.
Potential market Milan
GWht
Recoverable heat
from data centers in Milan
Source: Position paper "Italy of data centers", A2A-TEHA, 2025
Notes:
(1) Excluding the power already installed by 2024 in the Metropolitan Area of Milan;
(2) Data to 2035 refers to baseline scenario
1.6 billion euros has been allocated to investments for the creation and management of new data centers, leveraging the Group’s energy assets as key enablers for the development of these digital hubs.
Value proposition
We develop data centers by leveraging our competitive and distinctive advantages, such as direct connection to the Group's energy assets
Portfolio offer
We design and build energy-optimised data center infrastructures, to accelerate time-to-market and improve energy efficiency
Partnerships
We collaborate with specialised players to manage projects, creating shared value
~2.70
GW
Installed power capacity1


CAPEX
2027-35
EBITDA
@2035
Note
(1) The figure does not refer to the Group’s total power capacity in Lombardy, but to the sites with the highest potential for data center development (e.g., it excludes hydropower)
Useful resources
Services


A2A S.p.A. - P.I. 11957540153