Rome, 29 July 2025
FS Energy - FS Group’s new company tasked with making the energy supply more sustainable and convenient, and accelerating the country's decarbonisation process by promoting the energy transition - is now a reality.
FS Energy, with Chairman Massimiliano Garri and Chief Executive Officer Antonino Giunta, will lead the development of energy activities for all FS Group companies, by implementing photovoltaic systems to increase production and optimise self-consumption. This NewCo will manage residual energy exposed to the market more efficiently, through an advanced commodity risk management system.
‘The establishment of FS Energy represents a strategic and concrete step towards contributing to the country decarbonisation and fostering the development of a sustainable energy system’, says FS Group CEO and General Manager, Stefano Antonio Donnarumma. ‘The new company is key in the development of the 2025-2029 Strategic Plan. This crucial operation unites the energy and railway sectors, and plays an active part in the economy of the entire country, with cost savings and optimised resource efficiency. As mobility leader, FS Group intends to lead also the energy transition.’
Goal of FS Group - the country's largest electricity consumer with around 2% of the national demand - is to decarbonise energy consumption through renewable production and the installation of 1.1 GW (around 1.5 TWh for PV systems) of renewable capacity by 2029, or 19% of all FS Group consumption, and around 2 GW (3 TWh for PV systems) by 2034, or 40% of consumption.
Energy is one of the main objectives of the 2025-2029 Strategic Plan, with EUR 100 billion of expected investments to innovate transport and improve the travel experience, to build an integrated, sustainable and connected mobility system for Europe and the future.
By optimising and reducing energy consumption throughout the Group, FS Energy will carry out energy diagnoses and plan and execute energy efficiency measures on stations and infrastructure. It will also introduce advanced technologies to reduce fuel consumption, lower CO₂ emissions, and enhance the overall sustainability of the railway system.
The main levers to achieve the new renewable energy development plan are the construction of proprietary plants, the acquisition of third-party photovoltaic plants, the conclusion of Power Purchase Agreements (PPAs) and the realisation of co-development plants.
POWER PURCHASE AGREEMENT (PPA) TENDER
With an important contribution from the Group’s main companies, the NewCo won its first public tender in Italy for the long-term supply of renewable power, for uses not strictly related to train traction. The tender, worth EUR 204.2 million, provides for the fixed-price purchase of 275 GWh per year, divided into five lots:
CO-DEVELOPMENT TENDER
Co-development of photovoltaic plants is one of the main tools to reach 1.1 GW of renewable capacity by 2029. A tender worth EUR 46 million is currently under way to select qualified energy operators, with the aim of developing functional plants for around 200-300 MW of installed power. In detail, the tender includes the development of 18 photovoltaic plants connected to as many substations, 10 of which with a capacity between 6 and 12 MW, and 8 with a capacity between 25 and 90 MW.