A2a S.p.a.MIL: A2A

Strategic Plan Update(strategic plan update 11 25)

· Issued by A2a S.p.a.
A2A Momentum Ready to Power

Strategic Plan Update

12th November 2025



In the era of artificial intelligence, energy is the driving force of progress.

The future demands more: more power, more efficiency, more sustainability. At the heart of this transformation lies data.

Data centers stand on our territories, and their

presence is set to grow.

A challenge that calls for tangible results,

vision and responsibility.

At A2A, we are ready.

A2A Momentum

We have invested in infrastructure,

renewable energy and smart grids.

We have transformed vision into action,

innovation into reality.

Today, we are ready to seize our Momentum, to drive the digital and ecological transition with expertise and responsibility.

A2A Momentum Ready to Power





Ready to Power


Electrification will drive efficiency in final energy consumption

Final energy

consumption is gradually decreasing, partly due to improved efficiency, and is evolving towards

decarbonisation

Electrification, driven

by the rapid growth of data centers, will boost electricity demand

Decarbonisation mix

Waste-to-Energy

Efficient district heating

Today

Electrification boost

2050

Electricity consumption

Non-electricity consumption

Electricity demand in Italy

Data center E-mobility Heat pumps

Industry electrification

Electrification drivers

Final energy consumption in Italy

TWh

Reduction drivers

Energy efficiency



4 Sources: Eurostat; Terna; A2A scenario

Data centers development is powering Italy's digital transformation and delivering recoverable heat for district heating

Data center connection

High-voltage grid connection requests1 | GW

Requested power

Low High

~55 GW

Total connection requests to the national high-voltage network

Market outlook

Installed capacity in Italy | GWIT

Heat for district heating in Italy | TWht

Traditional Green2

4.6

21

2.3

11

0.5

2024

2035

Baseline scenario

Full potential

2024

Data center Potential with green heat data center recovery

>50%

Expected installed capacity in the metropolitan area of Milan

2x

Potential thermal energy

with data centers

10





5 Sources: Terna; Position paper "Italy of data centers", A2A-TEHA, 2025; AIRU, BNEF

Notes: (1) Data as of August 2025 referring to high-voltage connections; (2) Solar thermal, geothermal, heat pumps, industrial waste heat, Waste-to-Energy plants