{"product_id":"terna-business-model-canvas","title":"Terna Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna Business Model Canvas: A Strategic View of Grid Value Creation and Resilience\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the Business Model Canvas behind Terna's role as Italy's independent transmission system operator-this focused analysis shows how the company delivers reliable grid infrastructure, supports renewable integration, and sustains value through regulated assets, operational efficiency, and cross-border electricity flows; well suited to investors, consultants, and executives seeking a clear, sector-specific view of Terna's strategy. Download the full Word\/Excel canvas to compare assumptions, test scenarios, and support sharper decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory Authority for Energy Networks and Environment ARERA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna operates under ARERA's rules for transmission, dispatching and metering; ARERA set the 2024 tariff for TSOs yielding a WACC (allowed return) of 4.8% for the 2024-2027 period, directly shaping Terna's regulated revenues (~€2.6bn capex target for 2024). Ongoing dialogue aligns Terna's investment plan with national energy policy and consumer protection standards, supporting grid stability and renewables integration.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuropean Network of Transmission System Operators ENTSO-E\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs a primary ENTSO-E member, Terna coordinates with 39 other European TSOs to secure the 448 GW cross‑border capacity and implement common network codes; in 2024 Terna reported €3.1bn capex partly for cross‑border projects and contributed to ENTSO‑E's 2024 Ten‑Year Network Development Plan covering €187bn EU grid investments to 2035.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Technology and Industrial Suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna partners with Prysmian, Hitachi Energy, and Siemens for high-voltage cables and advanced grid components, supplying key materials for projects like the €3.5bn Tyrrhenian Link (expected online 2026). Collaborative R\u0026amp;D with these suppliers drives deployment of FACTS and digital SCADA upgrades, cutting fault rates and boosting capacity-Terna reports a 12% rise in RES integration capability since 2022 thanks to such tech partnerships.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Authorities and Municipalities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna coordinates closely with regional and local governments across Italy to secure permits and carry out environmental impact assessments for new transmission lines, a process that supported 1,200 km of grid upgrades in 2024 and required over 3,500 administrative authorizations.\u003c\/p\u003e\n\u003cp\u003eThe company uses participatory planning to win community acceptance, reducing territorial impact while aligning projects with local energy needs-stakeholder consultations covered 180 municipalities in 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e1,200 km grid upgrades in 2024\u003c\/li\u003e\n\u003cli\u003e3,500+ administrative authorizations\u003c\/li\u003e\n\u003cli\u003e180 municipalities consulted in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEuropean Investment Bank and Financial Institutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna secures multi-billion euro backing from the European Investment Bank (EIB) and international commercial banks to fund its 2021-2030 industrial plan, which targets €12.7bn in investments and aims to cut transmission grid emissions as part of decarbonization efforts.\u003c\/p\u003e\n\u003cp\u003eThese partners supply long-term loans and green finance: EIB financing lines and sustainability-linked facilities helped Terna raise ~€5bn in 2023-2024, diversifying funding and supporting project-level green bonds to safeguard financial sustainability.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEIB strategic partner: long-term concessional loans\u003c\/li\u003e\n\u003cli\u003e€12.7bn target: 2021-2030 investment plan\u003c\/li\u003e\n\u003cli\u003e~€5bn raised via EIB\/sustainability-linked deals (2023-2024)\u003c\/li\u003e\n\u003cli\u003eUse of green bonds and project finance for grid decarbonization\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna partners drive €12.7bn capex: WACC 4.8%, Tyrrhenian Link €3.5bn, €5bn funding\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's key partners-ARERA, ENTSO-E, Prysmian, Hitachi Energy, Siemens, EIB, commercial banks, and local authorities-enable regulated revenues (WACC 4.8% for 2024-27), cross‑border capacity planning, tech delivery for projects like the €3.5bn Tyrrhenian Link (online 2026), and ~€5bn financing in 2023-24 to support a €12.7bn 2021-30 capex plan.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003cth\u003eKey number\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eARERA\u003c\/td\u003e\n\u003ctd\u003eRegulator\u003c\/td\u003e\n\u003ctd\u003eWACC 4.8% (2024-27)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eENTSO‑E\u003c\/td\u003e\n\u003ctd\u003eCoordination\u003c\/td\u003e\n\u003ctd\u003e448 GW cross‑border cap\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSuppliers\u003c\/td\u003e\n\u003ctd\u003eHV tech\u003c\/td\u003e\n\u003ctd\u003eTyrrhenian Link €3.5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFinanciers\u003c\/td\u003e\n\u003ctd\u003eFunding\u003c\/td\u003e\n\u003ctd\u003e~€5bn (2023-24)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-written Business Model Canvas for Terna covering customer segments, value propositions, channels, revenue streams, key activities, resources, partners, cost structure, and governance-aligned with the company's grid-operator strategy and real-world operations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses Terna's electricity transmission strategy into a digestible one-page canvas, saving hours of structuring while enabling fast comparisons, collaborative edits, and board-ready presentations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrid Planning and Infrastructure Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna maps Italy's long-term grid needs and designs high-voltage lines and substations, running engineering studies and environmental assessments to handle rising loads and renewables; capex for 2025-2027 is set at €11.1 billion, with ~€3.4 billion for 2025 alone. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReal-Time Dispatching and System Operation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna's National Dispatching Center runs 24\/7 to balance supply and demand across Italy's 74,000 km high-voltage grid, directing flows from thermal, hydro, solar and wind plants to prevent blackouts; in 2024 intermittent renewables rose to ~34% of generation, raising dispatch complexity and increasing ancillary service costs by an estimated €220 million vs 2020.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMaintenance and Security of Assets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna inspects and maintains over 75,000 km of high‑voltage lines, scheduling ~1.2 million inspections\/year to keep Italy's grid reliability above 99.99%; capital maintenance capex was €590m in 2024. Terna uses drones, fibre‑optic and IoT sensors for predictive maintenance, cutting outage minutes and extending asset life by an estimated 8-12 years.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegration of Renewable Energy Sources\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTerna is upgrading Italy's transmission grid to integrate ~70 GW of renewables by 2030, rolling out smart grid systems and planning 2-3 GW of large-scale battery and pumped storage by 2025 to smooth variability and cut fossil generation.\u003c\/p\u003e\n\u003cp\u003eThese investments - ~€6.5bn capex in 2024-25 - target CO2 reductions aligned with Italy's 2030 climate goals and lower thermal dispatch risk.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~70 GW renewables target by 2030\u003c\/li\u003e\n\u003cli\u003e2-3 GW storage planned by 2025\u003c\/li\u003e\n\u003cli\u003e€6.5bn capex 2024-25 on grid modernization\u003c\/li\u003e\n\u003cli\u003eSmart-grid rollouts for decentralized management\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigitalization and Cyber Security\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTerna invests ~€300m annually in digitalization and cybersecurity, deploying AI for predictive maintenance to cut outages and extend asset life; AI pilots reduced fault-detection time by ~40% in 2024.\u003c\/p\u003e\n\u003cp\u003eDigital systems handle terabytes\/day from smart grids and market signals, so Terna hardens OT\/IT defenses - 2024 investments raised SOC capacity and cut intrusion incidents by ~30%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e€300m\/year digital \u0026amp; cyber spend\u003c\/li\u003e\n\u003cli\u003eAI: -40% fault-detection time (2024)\u003c\/li\u003e\n\u003cli\u003eTerabytes\/day data load\u003c\/li\u003e\n\u003cli\u003eCyber incidents -30% (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna: €11.1bn capex to modernize 74,000km grid, hitting ~34% renewables and AI -40% faults\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna plans, builds and operates Italy's 74,000 km high‑voltage grid, directing 24\/7 dispatch to integrate ~34% renewables (2024) and ~70 GW by 2030, executing €11.1bn capex (2025-27) with €6.5bn in 2024-25 for modernization, ~€590m maintenance (2024) and €300m\/year digital\/cyber spend; AI cut fault detection 40% (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrid length\u003c\/td\u003e\n\u003ctd\u003e74,000 km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewables (2024)\u003c\/td\u003e\n\u003ctd\u003e~34%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2030 renewables target\u003c\/td\u003e\n\u003ctd\u003e~70 GW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex 2025-27\u003c\/td\u003e\n\u003ctd\u003e€11.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex 2024-25\u003c\/td\u003e\n\u003ctd\u003e€6.5bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaintenance capex (2024)\u003c\/td\u003e\n\u003ctd\u003e€590m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital\/cyber spend\u003c\/td\u003e\n\u003ctd\u003e€300m\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAI fault detection\u003c\/td\u003e\n\u003ctd\u003e-40% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Document Unlocks After Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document previewed here is the actual Terna Business Model Canvas you will receive-no mockups or samples. Upon purchase, you'll get this exact, fully editable file with all sections and content included, formatted for immediate use. What you see is the deliverable: ready to download, present, and adapt for your planning needs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational High-Voltage Transmission Grid\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe most critical resource is Terna's physical network: 75,000+ km of high‑voltage lines, 1,200+ substations and 12,000 pylons across Italy, carrying ~95% of national transmission; it transports electricity from generators to distributors and large consumers. The grid also includes strategic undersea links-Sicily, Sardinia and cross‑border cables-supporting 2024 interconnection capacity of ~7 GW and enabling market balancing and exports.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational Dispatching Center and Control Rooms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna's national dispatching center and regional control rooms run advanced SCADA\/EMS software and Phasor Measurement Units, enabling real-time visibility of ~460 TWh annual transmission (2024) and instant response to faults; the network achieves 99.99% availability and these hubs coordinate 78,000 km of lines and €1.1bn capex in grid digitalization planned for 2025-27 to preserve system integrity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Human Capital and Technical Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna employs about 5,300 engineers, technicians and market experts (2024 headcount), whose deep power‑systems know‑how underpins grid stability and the energy transition; this talent base has enabled €1.1bn capex in smart grid and digital projects (2023-24) and a 99.98% transmission reliability rate. Continuous training-≈120k training hours in 2024-keeps staff aligned with global tech trends and regulatory shifts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Infrastructure and Big Data Analytics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eBy 2025 Terna runs 150,000+ IoT sensors and centralized platforms processing ~12 TB\/day, giving real-time grid performance and fault detection that cut outage minutes by 18% year-on-year.\u003c\/p\u003e\n\u003cp\u003eThose digital assets support machine-learning forecasting (demand error \u0026lt;2.5%) and predictive maintenance, while integrated digital twins for high-voltage lines and substations enable scenario simulation for CAPEX planning and reduce modeling time by ~40%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e150,000+ IoT sensors\u003c\/li\u003e\n\u003cli\u003e~12 TB data\/day\u003c\/li\u003e\n\u003cli\u003eOutage minutes down 18% YoY\u003c\/li\u003e\n\u003cli\u003eDemand forecast error \u0026lt;2.5%\u003c\/li\u003e\n\u003cli\u003eDigital twin modeling time -40%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Capital and Investment Capacity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna, listed on Borsa Italiana with an A-\/A3 credit rating (S\u0026amp;P\/Moody's as of 2025), taps large-scale debt and equity markets to fund its capital-heavy network plan-about €6.3bn annual capex target in the 2024-2026 Industrial Plan.\u003c\/p\u003e\n\u003cp\u003eRegulated transmission tariffs generate ~€1.9bn free cash flow in 2024, underpinning ongoing investment and consistent dividend distributions.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 capex target: ~€6.3bn\/year\u003c\/li\u003e\n\u003cli\u003e2024 free cash flow: ~€1.9bn\u003c\/li\u003e\n\u003cli\u003eCredit ratings: S\u0026amp;P A-, Moody's A3 (2025)\u003c\/li\u003e\n\u003cli\u003eListed on Borsa Italiana, strong market access\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna: 75k+ km HV grid, 150k+ IoT, €1.9bn FCF - robust capex \u0026amp; A‑rated credit\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's key resources: 75,000+ km HV grid, ~1,200 substations, 12,000 pylons; 150,000+ IoT sensors processing ~12 TB\/day; ~5,300 staff and 120k training hours; 2024 FCF ~€1.9bn, 2024-26 capex ~€6.3bn\/yr; S\u0026amp;P A-, Moody's A3 (2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrid length\u003c\/td\u003e\n\u003ctd\u003e75,000+ km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIoT\/data\u003c\/td\u003e\n\u003ctd\u003e150,000+ \/ ~12 TB\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHeadcount\u003c\/td\u003e\n\u003ctd\u003e~5,300\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFCF 2024\u003c\/td\u003e\n\u003ctd\u003e€1.9bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSecurity and Reliability of Electricity Supply\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna ensures continuous electricity across Italy via a 74,000+ km high-voltage grid and €3.3bn capex planned for 2024-26, keeping blackout risk low and supporting GDP (Italy 2024 GDP €1.89tn). \u003c\/p\u003e\n\u003cp\u003eIts real-time dispatching and resilience investments reduced major outage minutes per customer to \u0026lt;5 in 2023, a core service that underpins national economic stability and daily life. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNeutral and Non-Discriminatory Market Access\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs an independent operator, Terna gives all producers and wholesalers equal access to Italy's 73,000 km high-voltage grid, enabling competitive entry and trading; in 2024 neutral access supported a 12% rise in wholesale liquidity on the day-ahead market (GME). Terna's transparent dispatch and connection rules apply to firms of any size or source, helping lower consumer bills via more efficient price formation and a 2024 average system loss of 2.6%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnabling the Green Energy Transition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna builds and upgrades Italy's transmission grid to integrate renewables, enabling a rise in wind and solar share from 21% in 2020 to over 40% of generation capacity targeted by 2030; in 2024 Terna invested €1.5bn in grid expansion and flexibility projects to cut curtailment and support national decarbonization goals.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEfficiency and Cost Optimization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThrough strategic grid planning and deployment of digital substations and HVDC (high-voltage direct current) links, Terna cut transmission losses and optimized dispatching, helping contain system charges; in 2024 Terna reported network losses around 1.7% vs EU average ~3.5%, and EBITDA margin on transmission activities was 66.1% for 2024.\u003c\/p\u003e\n\u003cp\u003eThese efficiencies lower costs passed to Italian consumers and support long‑term cost-effectiveness as Terna's 2024 capex plan of €5.6bn (2024-2028) targets modernization and further loss reductions.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTransmission losses ~1.7% in 2024\u003c\/li\u003e\n\u003cli\u003eEBITDA margin 66.1% (2024)\u003c\/li\u003e\n\u003cli\u003eCapex plan €5.6bn (2024-2028)\u003c\/li\u003e\n\u003cli\u003eHVDC\/digital grid investments cut dispatch costs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInnovation and Technological Leadership\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTerna leads in energy tech, exporting grid-solutions and raising global standards; in 2024 Terna invested €345m R\u0026amp;D capex and enabled 28% more renewables dispatching via digital grid upgrades.\u003c\/p\u003e\n\u003cp\u003eR\u0026amp;D focus makes the network ready for decentralized systems and attracted partners and talent-headcount in innovation grew 14% in 2023, and joint projects with EU firms rose to 42.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e€345m R\u0026amp;D capex (2024)\u003c\/li\u003e\n\u003cli\u003e+28% renewables dispatching\u003c\/li\u003e\n\u003cli\u003eInnovation headcount +14% (2023)\u003c\/li\u003e\n\u003cli\u003e42 EU joint projects\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna: Low‑loss grid (~1.7%), 66% EBITDA, €5.6bn capex \u0026amp; €345m R\u0026amp;D to power renewables\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna delivers reliable, low‑loss national transmission, enabling market access, renewables integration, and cost containment via €5.6bn capex (2024-28) and €345m R\u0026amp;D (2024), with 2024 losses ~1.7% and EBITDA margin 66.1%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTransmission losses\u003c\/td\u003e\n\u003ctd\u003e~1.7%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEBITDA margin\u003c\/td\u003e\n\u003ctd\u003e66.1%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex plan\u003c\/td\u003e\n\u003ctd\u003e€5.6bn (2024-28)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D capex\u003c\/td\u003e\n\u003ctd\u003e€345m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory Compliance and Institutional Dialogue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna keeps professional, transparent ties with government bodies and ARERA via quarterly reports, annual transmission performance submissions, and active participation in public consultations; in 2024 Terna filed 12 major consultation responses and shared 1.8 TB of grid data with regulators. Ensuring compliance with evolving rules - including ARERA's 2023 tariff reform and the 2024 network code updates - is core to Terna's license and helped secure regulated revenues of €2.9bn in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnical Support for Grid Users\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna offers specialized technical support to power producers and DSOs for high-voltage grid connections, handling ~12,000 annual connection requests (2024) and issuing detailed technical specs to integrate 5.6 GW of new capacity in 2024; this collaborative service reduces connection lead times by ~20% and preserves system stability by coordinating grid codes, commissioning tests, and operational handovers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStakeholder Engagement and Community Relations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna engages local communities and environmental groups during planning, running public workshops and info sessions to build social consensus; in 2024 Terna held 320 stakeholder meetings and reported a 22% drop in project delays versus 2021, cutting average delay from 9.1 to 7.1 months. This proactive relationship management helps protect project timelines and supports Terna's ESG profile, contributing to a 2024 net debt\/EBITDA of 3.1x and stronger investor confidence.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInvestor and Financial Market Transparency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna, listed on Borsa Italiana, holds quarterly reports, investor days, and regular Industrial Plan updates to keep shareholders, analysts, and banks informed; in 2024 Terna reported adjusted EBITDA €2.2bn and declared FY dividend €0.30, reinforcing market confidence.\u003c\/p\u003e\n\u003cp\u003eTransparency covers financials and ESG: Terna published 2024 Scope 1-3 emission targets, 2024 net capex plan €6.5bn (2025-2029), and quarterly ESG disclosures to support stable valuation and lower cost of capital.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eQuarterly reports and investor days\u003c\/li\u003e\n\u003cli\u003e2024 adjusted EBITDA €2.2bn\u003c\/li\u003e\n\u003cli\u003eDeclared FY 2024 dividend €0.30\u003c\/li\u003e\n\u003cli\u003eNet capex plan €6.5bn (2025-2029)\u003c\/li\u003e\n\u003cli\u003eRegular ESG and Industrial Plan updates\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Interaction via Market Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna's digital portals give market participants real-time grid data, dispatch market access, and admin tools, cutting response times and errors; in 2024 Terna's platforms supported ~€6.2bn of market transactions and published 99.7% uptime SLAs.\u003c\/p\u003e\n\u003cp\u003eThese self-service interfaces let professional customers run bids, monitor congestion, and download reports, improving TSO-customer efficiency and reducing manual queries by ~45% year-on-year.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time data, 99.7% uptime\u003c\/li\u003e\n\u003cli\u003e€6.2bn transactions handled (2024)\u003c\/li\u003e\n\u003cli\u003e45% fewer manual queries\u003c\/li\u003e\n\u003cli\u003eDispatch access and admin self-service\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna 2024: €2.9bn regulated revenue, 5.6GW integrated, 99.7% uptime, €0.30 dividend\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna maintains regulated, transparent relations with ARERA and investors (2024 regulated revenues €2.9bn; adjusted EBITDA €2.2bn; dividend €0.30), serves ~12,000 connection requests yearly integrating 5.6 GW, runs 320 stakeholder meetings, and its platforms handled €6.2bn transactions with 99.7% uptime, cutting manual queries 45% and project delays 22% vs 2021.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulated revenues\u003c\/td\u003e\n\u003ctd\u003e€2.9bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. EBITDA\u003c\/td\u003e\n\u003ctd\u003e€2.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003e€0.30\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConnection requests\u003c\/td\u003e\n\u003ctd\u003e~12,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNew capacity integrated\u003c\/td\u003e\n\u003ctd\u003e5.6 GW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStakeholder meetings\u003c\/td\u003e\n\u003ctd\u003e320\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarket transactions handled\u003c\/td\u003e\n\u003ctd\u003e€6.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePlatform uptime\u003c\/td\u003e\n\u003ctd\u003e99.7%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eManual queries reduction\u003c\/td\u003e\n\u003ctd\u003e45%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProject delay reduction vs 2021\u003c\/td\u003e\n\u003ctd\u003e22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe National Electricity Transmission Grid\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe physical high-voltage network is Terna S.p.A.'s primary channel, carrying 98% of Italy's bulk electricity and linking 800+ generation plants to local distribution; in 2024 Terna operated ~75,000 circuit-km of lines and transmitted ~300 TWh, making nationwide delivery possible. This infrastructure is the product conduit: without the extensive grid investments (CapEx €1.1bn in 2024) cross-country supply would be impossible.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eControl and Dispatching Digital Systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna uses dedicated telecom networks and SCADA\/EMS systems to send dispatch instructions and collect real-time field telemetry, handling ~1.1 million telemetry points and sub-second signals across 72,000 km of Italian grid in 2024; these digital channels enable instantaneous system balancing and form the companys nervous system linking the control center to every critical node.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eThe GME Energy Market Platform\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpterna uses the gme energy market platform and its own bidding systems to buy resources for dispatching services executing about billion euro in ancillary purchases keep italy grid balanced secure. these channels processed over million bids enabling real-time procurement commercial settlements that maintain frequency reserve margins across national transmission system.\u003e\n\u003c\/pterna\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCorporate Website and Institutional Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe official Terna website and regulatory portals are the primary channels for public, investor, and regulator disclosure, hosting technical docs, environmental impact reports, and legally required financial statements; Terna posted €2.4bn net profit in 2024 and published its 2024 Sustainability Report with 42% renewables-related grid investments.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePrimary disclosure portals for investors\/regulators\u003c\/li\u003e\n\u003cli\u003eHosts financials: 2024 net profit €2.4bn; 2024 revenues €8.1bn\u003c\/li\u003e\n\u003cli\u003ePublishes technical and environmental reports (2024 Sustainability Report)\u003c\/li\u003e\n\u003cli\u003eCentral hub for institutional transparency and mandatory filings\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Consultation and Public Forums\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFor infrastructure development, Terna runs physical town-hall meetings and virtual webinars to engage local stakeholders, delivering project briefs and collecting feedback; in 2024 Terna hosted 120 Terna Meets events reaching ~25,000 participants and logging 6,800 comments for project planning.\u003c\/p\u003e\n\u003cp\u003eThese two-way channels feed into design and permitting decisions, shorten consultation cycles by ~18% and cut community-related delays that previously added up to €15-30M per major project.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e120 Terna Meets in 2024\u003c\/li\u003e\n\u003cli\u003e~25,000 participants, 6,800 comments\u003c\/li\u003e\n\u003cli\u003eConsultation cycles reduced ~18%\u003c\/li\u003e\n\u003cli\u003eCommunity delays previously cost €15-30M per big project\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna 2024: €8.1bn revenues, €2.4bn profit, 75k km grid, 1.1M telemetry points\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's channels combine 75,000 circuit‑km HV grid (transmitted ~300 TWh, CapEx €1.1bn in 2024), dedicated telecoms\/SCADA (1.1M telemetry points, sub‑second signals), GME market\/bidding (≈€11.5bn ancillary purchases, 1.2M bids in 2024), disclosure portals (2024 net profit €2.4bn, revenues €8.1bn) and stakeholder events (120 meetings, ~25,000 attendees).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003eKey 2024 data\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eHV grid\u003c\/td\u003e\n\u003ctd\u003e75,000 km; ~300 TWh; CapEx €1.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTelecoms\/SCADA\u003c\/td\u003e\n\u003ctd\u003e1.1M telemetry points; sub‑second\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarket\/bidding\u003c\/td\u003e\n\u003ctd\u003e€11.5bn purchases; 1.2M bids\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDisclosure\u003c\/td\u003e\n\u003ctd\u003eNet profit €2.4bn; Revenues €8.1bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStakeholder events\u003c\/td\u003e\n\u003ctd\u003e120 events; ~25,000 participants\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElectricity Generation Companies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThis segment covers large-scale power producers-fossil, hydro, wind, solar-who inject into Italy's high-voltage grid; Terna delivered 2025 transmission capacity supporting ~295 TWh of national demand and issued dispatching instructions accounting for 100% of high-voltage injections so generators can reach the market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDistribution System Operators DSOs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDSOs manage medium\/low-voltage networks that deliver electricity to end users and are the main off-takers of the 320 TWh Terna transmitted in 2024; Terna's contracts and coordination with roughly 600 Italian DSOs ensure flow balancing, congestion management, and connection of 26 GW of distributed generation. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLarge Industrial Consumers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLarge industrial consumers-steel mills, chemical plants, and heavy manufacturers-form a small but vital segment directly connected to Terna's high-voltage grid, drawing up to several hundred MW each; in 2024 Italy's top 50 industrial sites accounted for ~12% of national consumption, so Terna guarantees high-capacity, stable transmission and SLAs for availability (target \u0026gt;99.95%) and negotiated tariffs linked to capacity booking.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Traders and Wholesalers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eEnergy traders and wholesalers buy and sell electricity without owning assets, using Terna's transmission grid and market platforms to shift ~330 TWh\/year across Italy and cross-border links; they support liquidity-wholesale volumes made 2024 day-ahead market turnover ~€55 billion-helping efficient price signals and resource allocation.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRely on Terna's 74,000 km grid and interconnectors\u003c\/li\u003e\n\u003cli\u003eSupport market liquidity; 2024 DA market ≈€55bn\u003c\/li\u003e\n\u003cli\u003eEnable cross-border flows: Italy net exports\/imports ~10 TWh in 2024\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional and Governmental Entities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe Italian government and EU bodies act as users of Terna's strategic services, relying on Terna to deliver grid investments that enable the 2030 energy transition and national security; Terna's 2024 CAPEX guidance was about €2.6bn, with 70% earmarked for grids supporting renewables and interconnections.\u003c\/p\u003e\n\u003cp\u003eTheir satisfaction is tracked via regulatory compliance, achievement of Italy's 2030 renewable targets (NECP: 55% RES in gross final consumption target by 2030) and metrics like system availability and reduction in import dependence.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 CAPEX ~€2.6bn; ~70% for renewables\/interconnections\u003c\/li\u003e\n\u003cli\u003eNECP 2030 RES target ~55% of consumption\u003c\/li\u003e\n\u003cli\u003eRegulatory KPIs: system availability, compliance penalties\u003c\/li\u003e\n\u003cli\u003eEnergy independence measured by reduced net imports\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eItaly Power Network 2024: 295TWh Gen, 320TWh DSO, €2.6bn CAPEX, 70% renewables\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCustomers: generators (fossil\/hydro\/wind\/solar) injecting ~295 TWh via Terna's HV grid; ~600 DSOs off-taking ~320 TWh (2024) and coordinating 26 GW DG; top 50 industrial sites ~12% of consumption, SLAs \u0026gt;99.95%; traders enabling ~330 TWh\/year and €55bn DA turnover (2024); govt\/EU steering CAPEX €2.6bn (2024), 70% for renewables\/interconnects.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric (2024\/2025)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGenerators\u003c\/td\u003e\n\u003ctd\u003e~295 TWh transmitted (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDSOs\u003c\/td\u003e\n\u003ctd\u003e~320 TWh off-take; ~600 DSOs; 26 GW DG\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndustrial\u003c\/td\u003e\n\u003ctd\u003eTop50 = ~12% consumption; SLA \u0026gt;99.95%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTraders\u003c\/td\u003e\n\u003ctd\u003e~330 TWh flow; €55bn DA turnover\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGovt\/EU\u003c\/td\u003e\n\u003ctd\u003eCAPEX €2.6bn (2024); 70% renewables\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Expenditure for Grid Expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe largest portion of Terna's cost structure is CAPEX: in 2024 Terna invested €1.6bn in grid expansion, financing new undersea links, high‑voltage lines and substation upgrades; these long‑term projects drove fixed‑asset growth to €15.2bn and underpin expected regulated revenue rises of ~3.5% CAGR to 2027. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperation and Maintenance Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna S.p.A. spends roughly €1.6 billion annually on operation and maintenance (2024 figure), covering routine repairs, emergency interventions, and monitoring over 75,000 km of transmission lines; OPEX must remain steady to ensure grid resilience, with maintenance accounting for about 22% of total operating costs and a predictable multi-year maintenance plan driving budget stability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePersonnel and Labor Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's workforce of ~5,700 engineers and technicians (2024 annual report) drives major recurring costs-salaries, benefits, and training totaled €430m in 2024, or about 14% of opex. As the grid digitalizes, hiring IT and cybersecurity specialists has pushed related personnel costs up ~8% year-over-year, adding roughly €35-50m annually in market-rate pay and retention expenses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancing and Interest Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpterna held net financial debt of billion at dec so interest payments are material and financing costs a core operating expense green bonds issued since help lower average borrowing versus conventional debt. managing debt-to-equity mix preserving investment-grade ratings range in is critical to avoid higher spreads.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eNet debt €12.3bn (YE 2024)\u003c\/li\u003e\n\u003cli\u003eGreen bond coupon range 1.3-1.7% (2022-24)\u003c\/li\u003e\n\u003cli\u003eTarget D\/E ~60:40 to keep BBB+\/Baa1\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pterna\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResearch, Development, and Digitalization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpterna dedicates of annual capex to r and digitalization funding pilot energy-storage projects smart-grid software university partnerships cut losses boost grid flexibility.\u003e\n\u003cpthese investments fund pilots academic collaborations and new it systems in terna reported r spend supporting a target to reduce network losses by\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~2-3% capex to R\u0026amp;D\u003c\/li\u003e\n\u003cli\u003e€120m R\u0026amp;D spend in 2024\u003c\/li\u003e\n\u003cli\u003eTargets: -10% network losses by 2030\u003c\/li\u003e\n\u003cli\u003ePilots, university ties, new software\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthese\u003e\u003c\/pterna\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna 2024: €1.6bn capex, €1.6bn opex, €12.3bn net debt, R\u0026amp;D targets -10% losses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's 2024 cost base is CAPEX-led: €1.6bn capex, fixed assets €15.2bn, OPEX €1.6bn (maintenance ~22%), personnel €430m, net debt €12.3bn; financing costs lowered by green bonds (1.3-1.7%), R\u0026amp;D €120m (~2-3% capex) targeting -10% network losses by 2030.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003e€1.6bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOpex\u003c\/td\u003e\n\u003ctd\u003e€1.6bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePersonnel\u003c\/td\u003e\n\u003ctd\u003e€430m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003e€12.3bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D\u003c\/td\u003e\n\u003ctd\u003e€120m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulated Transmission Tariffs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe bulk of Terna's revenue comes from regulated transmission tariffs paid by grid users for high-voltage electricity transport; ARERA set tariffs aim to cover operating costs and yield a fair return on RAB (regulated asset base), which for 2024 was about €20.3bn and a regulated return near 6.9% real pre-tax. This tariff model delivered roughly €3.2bn in 2024 transmission revenues, giving Terna a highly predictable, low-volatility cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDispatching Service Remuneration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTerna earns dispatching service fees for balancing the Italian grid and managing dispatch markets, collecting about €1.1bn in system operation revenues in 2024 (Terna group report 2024), covering frequency control, reserve activation, and congestion management.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIncentives for Grid Quality and Efficiency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe regulatory framework includes output-based incentives that pay Terna for exceeding targets-examples: cutting technical losses, boosting grid availability above 99.98%, or fast-tracking projects; in 2024 Terna earned about €120m in performance-related bonuses, boosting EBITDA margin by ~0.9 percentage points. These incentives convert operational excellence into higher profitability and cash flow, aligning CAPEX delivery with a roughly 2-4% IRR uplift on strategic projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNon-Regulated Services and Consultancy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna earns incremental revenue from specialized engineering, maintenance and consultancy for third parties in Italy and abroad, leveraging grid expertise to support energy infrastructure projects; in 2024 non-regulated activities contributed about 4% of group revenues (~€210m) and grew ~7% year-on-year.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigher-margin but smaller: ~4% of revenues, €210m in 2024\u003c\/li\u003e\n\u003cli\u003eGrowth: ~+7% YoY in 2024\u003c\/li\u003e\n\u003cli\u003eGeography: Italy plus projects in Latin America and Africa\u003c\/li\u003e\n\u003cli\u003eValue: diversification and scalable export of grid know-how\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Interconnection Projects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTerna earns regulated revenues by managing cross-border interconnectors that enable electricity trade between Italy and neighbors, capturing value from locational price spreads under EU and national tariff regimes; in 2024 Terna reported 2024 transmission revenues of €2.9bn, with interconnection capacity contributing materially to congestion rent capture and market coupling benefits.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRegulated fees + congestion rents\u003c\/li\u003e\n\u003cli\u003eMarkets coupled via ENTSO-E, increasing flows 2023-24\u003c\/li\u003e\n\u003cli\u003e2024: transmission revenues €2.9bn (Terna annual report)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTerna: €20.3bn RAB fuels €4.6bn 2024 revenues, 6.9% real pre‑tax yield\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTerna's revenues are mainly regulated transmission tariffs tied to a €20.3bn RAB (2024) yielding ~6.9% real pre-tax, generating ~€3.2bn in transmission revenues; system operation\/dispatching brought ~€1.1bn and performance incentives ~€120m in 2024, while non‑regulated services added ~€210m (4% of group) and interconnectors contributed via congestion rents.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024 (€m)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTransmission\u003c\/td\u003e\n\u003ctd\u003e3,200\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSystem operation\u003c\/td\u003e\n\u003ctd\u003e1,100\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePerformance incentives\u003c\/td\u003e\n\u003ctd\u003e120\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNon‑regulated\u003c\/td\u003e\n\u003ctd\u003e210\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRAB\u003c\/td\u003e\n\u003ctd\u003e20,300\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57357378355531,"sku":"terna-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/terna-canvas-business-model.webp?v=1779163660","url":"https:\/\/valuechainanalysis.com\/products\/terna-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}