Ferrari towards decarbonization: renewables preferred over natural gas

Ferrari towards decarbonization: renewables preferred over natural gas

Maranello accelerates sustainability with a bold move aimed at achieving carbon neutrality by 2030.

The automotive company, with the definitive shutdown of its natural gas-powered trigeneration plant, has effectively brought forward its initial plans for this initiative by three months.

This decision marks a significant milestone in the decarbonization plan outlined during the 2022 Capital Markets Day, with the goal of achieving carbon neutrality by 2030.

The historic trigeneration plant, in operation since 2009, enabled the company to produce electricity, heating, and cooling with remarkable energy efficiency, also contributing to reduced consumption through the combined use of natural gas. This success led to several recognitions (white certificates) from the Energy Services Manager (GSE) for its contribution to energy efficiency.

Nevertheless, despite these positive outcomes, Ferrari has decided to take an additional step forward by moving away from natural gas to invest in renewable energy. The goal is clear: reduce environmental impact and promote more sustainable production, in line with global environmental responsibility standards. Ferrari’s main strategy to replace natural gas is expanding its photovoltaic park. The company has already installed solar plants capable of generating 5 MWp but has also announced plans to double this capacity by 2030, aiming for a production of 10 MWp. This effort is part of a broader plan that includes using renewable energy sources to cover a large part of the energy needs of the Maranello site.

But Ferrari’s initiatives don’t stop here: the company is also enhancing the energy infrastructure of its plant. The refurbishment of the electrical substation and the installation of three new 40 MVA transformers will allow for greater efficiency in energy management. These technological investments will support the transition to renewables and ensure stable and sustainable energy supply for production activities.

Shutting down the trigeneration plant is a decisive step for Ferrari, with a significant impact in terms of CO2 emissions reduction and natural gas consumption. The company expects to cut carbon dioxide emissions by 60% per year, while natural gas consumption will be reduced by 70%. Currently, around 40% of the energy used at the Maranello plant comes from renewable sources, thanks to internal production and Power Purchase Agreements (PPA) for the acquisition of green energy. The remaining energy is sourced from the grid, ensuring it originates from renewable sources. This approach enables Ferrari to balance its energy needs while continuing to pursue the goal of zero-emissions production.