From national champion to global player

Abstract

This paper aims to represent how Enel evolved from a national champion to a global leader in the Energy Transition, highlighting the paramount role of renewable energy, innovation and sustainability. Enel made sustainability the engine of its innovation model, not only to face today’s challenges but also to create sustained long-term value for the company and for all its stakeholders (e.g. investors, customers, communities, employees, etc.). In November 2017, Enel launched Enel X, a new global business line, aimed at opening up the energy sector to new business models and new technologies that can capture the value opportunities emerging from the evolution of the market. Moreover, this paper showcases how Enel has chosen to take the lead in the transition towards a more sustainable model with Futur-e, designed as a circular economy pathway to bring 23 decommissioned thermoelectric power plants and a disused mining area back to life through direct and active collaboration with local communities. These new eco-sustainable areas will be dedicated to science, art, culture, tourism or even new industrial activities.