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De Nora

Electrochemical water treatment and storage solutions

Overview

De Nora is a global provider of electrochemical technologies for water treatment, energy storage, and industrial uses. It develops, manufactures, and sells systems that apply electrochemical methods to disinfect water, oxidize contaminants, filter, and control biofilms, as well as to store and convert energy with fuel cells and flow batteries. The products work by using electrical energy to drive chemical reactions that purify water and store energy in chemical form, enabling on-site treatment and reliable power solutions. Compared with competitors, De Nora combines a broad portfolio across water treatment and energy storage, serves a wide range of sectors (from municipal to industrial and marine), and supports customers with long-term service agreements in addition to direct sales, providing end-to-end solutions. The company aims to improve efficiency, sustainability, and operational performance for its clients through practical, scalable electrochemical systems.

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About De Nora

Simplify's Rating
Why De Nora is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

HardwareIndustrial & ManufacturingEnergy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Milan, Italy

Founded

1923

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What believers are saying

  • H1 2026 revenue reached €403.1 million, and management raised organic EBITDA margin guidance.
  • The BW Water backlog was about $190 million, supporting 2026-2027 revenue visibility.
  • WEFTEC 2026 launches and the Dragonfly plant show momentum in safety, PFAS, and hydrogen.

What critics are saying

  • BW Water integration can distract management through 2027, delaying promised synergies and cross-selling.
  • De Nora financed BW Water with debt, increasing pressure if project conversion slips.
  • Green-hydrogen demand remains lumpy; missed PNRR and IPCEI milestones weaken the growth story.

What makes De Nora unique

  • De Nora pairs electrochemistry with turnkey water systems, now strengthened by BW Water integration.
  • Its installed base spans chlor-alkali, municipal disinfection, PFAS, and green-hydrogen electrolyzers.
  • The Cernusco gigafactory and localized APAC manufacturing shorten delivery and service timelines.

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Funding

Total Funding

$110M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Training Programs

Stock Price

Company News

EuropaWire
Oct 14th, 2026
De Nora secures Great Place to Work certification in six countries and Italian blue-collar workplace recognition.

De Nora secures Great Place to Work certification in six countries and Italian blue-collar workplace recognition. Employee participation in the Group's global workplace survey rises to 90%, with Italy certified for a fourth consecutive year De Nora has renewed Great Place to Work certification in six countries - the United States, China, India, Singapore, the United Arab Emirates and Italy - and has been included in Italy's Best Workplaces for Blue Collar 2026 ranking. Certification in Italy is now in its fourth consecutive year. The September 2026 global workplace survey recorded 90% employee participation, up from 88% in 2025, and highlighted workplace safety, trust in management and opportunities for professional growth. (PRESS RELEASE) MILAN, Italy, 14-Oct-2026 - /EuropaWire/ - De Nora, the Italian multinational specialising in electrochemistry, water treatment systems and sustainable solutions and listed on Euronext Milan, has achieved Great Place to Work(R) certification for 2026 in six of the ten countries in which it operates: the United States, China, India, Singapore, the United Arab Emirates and Italy. Italy has now received the certification for four consecutive years. The recognition reflects De Nora's ongoing efforts to value its people and create a workplace grounded in trust, inclusion and well-being, which the Group identifies as central to its sustainable development strategy. In Italy, De Nora has additionally been included in the Best Workplaces(TM) for Blue Collar 2026 ranking prepared by Great Place to Work(R) Italia. The ranking recognises organisations offering a high-quality employee experience in operational and production roles. De Nora also achieved this recognition two years ago, reflecting its focus on workplace quality in both offices and production facilities. Global survey reaches 90% employee participation. The latest certification draws on an employee survey carried out in September 2026. Following the extension of the survey to all Group locations in 2025, this was its second global edition, involving employees across ten countries from Brazil to Japan. Overall participation reached 90%, compared with 88% in 2025. In six countries, participation exceeded 90%, and in some cases approached 100%. Conducted individually and anonymously, the survey captured the views of the large majority of the Group's more than 2,200 employees worldwide, giving its findings a high degree of representativeness. Responses indicate a positive working environment characterised by fair treatment, safety, confidence in leadership and professional development opportunities. Nearly nine out of ten respondents regard their workplace as safe, while nearly eight out of ten express trust in top management. Around three-quarters say they have genuine opportunities to experiment and contribute to innovation in their professional roles. Employees also positively assessed their autonomy and empowerment, flexibility supporting work-life balance, and organised welcome and onboarding programmes for new recruits. These findings reflect an approach to human resources that emphasises participation, skills development and conditions supporting individual and collective progress. Employee feedback informs continuous improvement. For De Nora, Great Place to Work(R) serves both as recognition of the Group's multi-year People Strategy and as a means of listening to employees and making ongoing improvements. The external survey complements WeDN, its internal workplace-climate survey, within a structured process for identifying employee expectations and needs. The Group uses findings from these surveys to design specific action plans, reviewing and monitoring their implementation every six months to help convert feedback into measurable and lasting improvements. This process forms part of De Nora's broader sustainability approach, which connects technological innovation and sustainable solutions with employee empowerment and regards its workforce as important to competitiveness, innovation and long-term growth. "At De Nora, people are the foundation of our strategy. The confirmation of our Great Place to Work(R) certification and the broad participation in the global survey demonstrate the value of a path built on listening, trust and the enhancement of skills. Our commitment is to turn these principles into concrete actions, in all countries and in all parts of the Group, from offices to plants. Because investing in people's well-being and growth means strengthening our ability to innovate, create value and build a sustainable future," said Graziano Marcuccio, Chief Officer People Organization Social Communication & Happiness at De Nora. De Nora. Industrie De Nora S.p.A. is an Italian multinational company founded in 1923 and listed on the Euronext Milan stock exchange. A global leader in electrochemical processes and technologies for water management, it provides products and services that enable industrial processes in the chlor-alkali, electronics, battery, water treatment (both municipal and industrial), and green hydrogen sectors. With an operational presence across multiple regions - including the Americas, Europe, the Middle East, and Asia - De Nora delivers customized solutions, effectively and reliably meeting market demands. Committed to ESG principles, the company integrates environmental sustainability and social responsibility into all its activities. For further information and to access the Media Kit: Media Kit | De Nora Investor relations. Media relations | barabino & partners. Office: +39 02 72.02.35.35 Sabrina Ragone - [email protected] +39 338 25 19 534 Elena Magni - [email protected] +39 348 478 7490 EDITOR'S PICK:

Hydrogen Central
Sep 29th, 2026
De Nora and Maffei Sarda Silicati announce the completion of the Dragonfly(R) plant for the production of green hydrogen in Sardinia.

De Nora and Maffei Sarda Silicati announce the completion of the Dragonfly(R) plant for the production of green hydrogen in Sardinia. September 29, 2026 Milan, August 5, 2026 - Industrie De Nora, an Italian multinational listed on Euronext Milan specializing in electrochemistry, water treatment systems, and sustainable solutions, and Maffei Sarda Silicati, a company active in the extraction, processing, and marketing of raw materials for the ceramics and glass sectors, announce the completion of the installation, testing, and commissioning of the 1 MW Dragonfly(R) electrolyzer at the production site in Florinas (Sassari), Sardinia. The project, supported as part of energy transition initiatives and funded under the National Recovery and Resilience Plan (PNRR), has successfully reached one of its key milestones with the handover of the plant following the issuance of the certificate of installation and testing. The Dragonfly(R) electrolyzer will enable the production of up to 50 metric tons of green hydrogen per year for the site's industrial operations, contributing to the PNRR's objectives of decarbonizing production processes, revitalizing brownfield sites, and promoting innovative technologies for the energy transition of the Italian industrial sector. The completion of the plant's delivery marks the end of the project's scope of work and represents the result of close collaboration between the teams at De Nora and Maffei Sarda Silicati, who worked jointly with technical advisor Make Energy to meet the project's particularly challenging timeline and the objectives set forth in the funding program. Christian Urgeghe, Chief Technology Officer at De Nora, stated: The completion of the installation and functional testing of the 1 MW Dragonfly(R) electrolyzer for the Maffei Sarda Silicati project represents a significant achievement for its team and for the development of green hydrogen in Italy, "We are particularly pleased with the work carried out together with Maffei Sarda Silicati, which demonstrates the value of collaboration among industrial partners in carrying out strategic and innovative initiatives for the energy transition while meeting deadlines, technical requirements, and high-quality standards." Urgeghe, added: The project also represents a significant milestone in the industrial development path that De Nora is pursuing as part of the Hy2Tech IPCEI and the initiatives supported by the PNRR for the hydrogen supply chain. "The electrolyzer built for Maffei Sarda Silicati is among the first systems designed, assembled, and tested at De Nora's new Gigafactory in Cernusco sul Naviglio - an achievement that attests to the site's gradual ramp-up and its role in developing solutions for green hydrogen production." Pier Paolo Pinna (Chief Operating Officer) of Maffei Sarda Silicati stated: This initiative confirms the two companies' shared commitment to promoting industrial innovation and contributing to the development of an increasingly robust and competitive national hydrogen ecosystem. "The construction of the plant represents a concrete step forward in the energy transition we have undertaken. We strongly believe that green hydrogen can play a fundamental role in the industrial processes of the future, contributing significantly to reducing emissions and building a more sustainable and efficient energy system." Industrie De Nora S.p.A. is an Italian multinational company founded in 1923 and listed on the Euronext Milan stock exchange. A global leader in electrochemical processes and technologies for water management, it provides products and services that enable industrial processes in the chlor-alkali, electronics, battery, water treatment (both municipal and industrial), and green hydrogen sectors. With an operational presence across multiple regions - including the Americas, Europe, the Middle East, and Asia - De Nora delivers customized solutions, effectively and reliably meeting market demands. Committed to ESG principles, the company integrates environmental sustainability and social responsibility into all its activities. De Nora and Maffei Sarda Silicati announce the completion of the Dragonfly(R) plant for the production of green hydrogen in Sardinia, source.

H2O Global News
Sep 29th, 2026
De Nora expands integrated water treatment portfolio at WEFTEC 2026.

De Nora expands integrated water treatment portfolio at WEFTEC 2026. September 29, 2026 * De Nora is presenting three additions to its integrated water treatment portfolio at WEFTEC 2026. * ChlorGuard has been incorporated into its Total Plant Safety offering for chlorine gas monitoring and containment. * Hydro-PAQ is a high-rate clarification platform using enhanced flocculation and sludge recirculation. * De Nora has expanded its PFAS offering beyond SORB FX carbon and ion exchange systems to include membrane treatment. * The company is exhibiting at Booth 2616 during WEFTEC in New Orleans. Industrie De Nora is presenting an expanded portfolio of water treatment technologies at WEFTEC 2026, bringing together recently added capabilities in plant safety, clarification and PFAS treatment. The portfolio includes ChlorGuard(R) gas safety systems, the Hydro-PAQ(TM) high-rate clarification platform and additional membrane-based options for PFAS removal. De Nora says the expanded offering will allow municipal and industrial operators to combine technologies according to their water quality, safety and operational requirements. ChlorGuard joins Total Plant Safety portfolio. De Nora is officially introducing ChlorGuard within its Total Plant Safety offering following the acquisition of the ChlorGuard division's assets from UK-based PSI Global in June 2026. ChlorGuard provides equipment for monitoring and managing hazardous gases used at water treatment facilities. De Nora has integrated the technology with its Capital Controls(R) gas feeding, detection and scrubbing systems. The combined offering is intended to help operators monitor chlorine systems, detect gas releases and contain or neutralise hazardous gases. These capabilities are particularly relevant at facilities that store or dose chlorine gas for drinking-water or wastewater disinfection. Hydro-PAQ expands clarification capabilities. De Nora is also launching Hydro-PAQ, a high-rate clarification platform designed to improve solid-liquid separation while reducing the space required for treatment infrastructure. The system combines enhanced flocculation with integrated sludge recirculation. De Nora says it can be used where utilities and industrial operators require higher clarification performance within a comparatively compact footprint. Hydro-PAQ will sit alongside the company's established DE NORA TETRA(R) filtration technologies. The addition expands the range of pretreatment, clarification and filtration processes that De Nora can incorporate into wider treatment systems. De Nora expands PFAS treatment options. The integrated portfolio also includes a wider range of processes for treating per- and polyfluoroalkyl substances. De Nora already supplies SORB FX systems designed to operate with granular activated carbon, ion exchange resin or combinations of the two media. The company is now adding advanced membrane filtration to its PFAS offering. This gives project designers additional options when selecting treatment processes for different contaminant profiles, flow rates and source-water conditions. Granular activated carbon and ion exchange remove PFAS by capturing the compounds within treatment media. Membrane technologies such as reverse osmosis separate PFAS and other dissolved contaminants from the treated water, producing a concentrated residual stream that requires further management. The appropriate process depends on factors including the PFAS compounds present, background water chemistry, treatment objectives, available space and the cost of managing spent media or concentrate. H2O Global News previously reported on De Nora's optimised SORB FX vessels for PFAS removal. The company has also expanded its engineering and membrane capabilities through its acquisition of BW Water. Integrated approach targets municipal and industrial applications. De Nora said the three additions are intended to create a broader system offering spanning treatment performance, contaminant removal and operational safety. The company plans to support customers from technology selection and system design through to operation and maintenance. Marwan Nesicolaci, Chief Executive Officer of De Nora Water Technologies, said: "This launch is about turning a broader portfolio into stronger outcomes for our customers. By integrating these solutions into our offering, we are giving utilities and industrial operators more choice, more flexibility and the confidence that comes from working with a trusted partner that understands how to apply the right technology to the right challenge." De Nora exhibits at WEFTEC 2026. WEFTEC 2026 is taking place at the Ernest N. Morial Convention Center in New Orleans. The exhibition runs from 28 to 30 September, with the wider conference programme running from 26 to 30 September. De Nora is exhibiting at Booth 2616. Its programme includes presentations covering ChlorGuard and Total Plant Safety, Hydro-PAQ clarification and PFAS investigation and treatment. Frequently asked questions. What is De Nora launching at WEFTEC 2026? De Nora is presenting ChlorGuard gas safety systems, its Hydro-PAQ high-rate clarification platform and an expanded selection of PFAS treatment technologies. What does ChlorGuard do? ChlorGuard provides monitoring, detection and containment systems for hazardous gases used at water treatment facilities. De Nora has incorporated the technology into its Capital Controls Total Plant Safety portfolio. What is Hydro-PAQ? Hydro-PAQ is a high-rate clarification platform that uses enhanced flocculation and integrated sludge recirculation to improve solid-liquid separation. What PFAS treatment technologies does De Nora offer? De Nora's portfolio includes SORB FX systems using granular activated carbon or ion exchange media, together with advanced membrane filtration technologies. Where can visitors find De Nora at WEFTEC 2026? De Nora is exhibiting at Booth 2616 during the WEFTEC exhibition in New Orleans from 28 to 30 September 2026.

Associated Press
Sep 23rd, 2026
De Nora launches ChlorGuard and Hydro-PAQ water treatment solutions at WEFTEC 2026

De Nora is launching integrated water technology solutions at WEFTEC 2026, combining recently added capabilities in plant safety, advanced filtration and PFAS removal. The Italian multinational will debut ChlorGuard within its Total Plant Safety offering, now integrated with Capital Controls gas feed equipment to strengthen chlorine system safety. The company is also launching Hydro-PAQ, a high-performance filtration platform that expands its water quality treatment portfolio. De Nora's PFAS treatment capabilities now include advanced membrane filtration alongside existing SORB FX solutions for Granular Activated Carbon and Ion Exchange treatment. "By integrating these solutions into our offering, we are giving utilities and industrial operators more choice, more flexibility," said Marwan Nesicolaci, chief executive officer of De Nora Water Technologies. Founded in 1923, De Nora is listed on Euronext Milan and operates across multiple regions.

Alternative Energy Reporter
Sep 23rd, 2026
De Nora launches integrated water technology solutions at WEFTEC 2026.

De Nora launches integrated water technology solutions at WEFTEC 2026. Newly integrated ChlorGuard(R), Hydro-PAQ and PFAS solutions give customers more choice, support and smarter ways to solve complex water treatment challenges. SUGAR LAND, TX, UNITED STATES, September 23, 2026 / EINPresswire.com / - Industrie De Nora S.p.A., a global leader in electrochemistry, water treatment and sustainable solutions will launch a new suite of integrated water technology solutions at WEFTEC 2026, bringing recently added capabilities in plant safety, advanced filtration and PFAS removal into one connected portfolio built to help customers solve their toughest treatment challenges. The launches mark an important step in De Nora's ongoing integration of expanded technologies into its water treatment portfolio, giving utilities and industrial customers more ways to address rising safety, operational and compliance demands. With a broader set of proven solutions and deep application expertise, De Nora can better match the right technology to the right challenge - and support customers from selection through long-term operation. A key highlight at WEFTEC will be the official launch of ChlorGuard (R) within De Nora's Total Plant Safety offering. Now integrated with Capital Controls (R) gas feed equipment, gas detection and gas scrubbing technologies, ChlorGuard strengthens De Nora's complete approach to chlorine system safety - helping utilities reduce risk and protect critical operations. Another major launch is Hydro-PAQ, a high-performance filtration platform that expands De Nora's portfolio. Designed to help customers improve water quality, optimize treatment performance and address demanding process requirements, Hydro-PAQ strengthens De Nora's ability to deliver integrated filtration solutions alongside its established DE NORA TETRA (R) filter technologies. The integrated portfolio also expands De Nora's PFAS treatment capabilities. Alongside proven SORB FX solutions for Granular Activated Carbon (GAC) and Ion Exchange treatment, De Nora now offers advanced membrane filtration solutions, giving customers greater flexibility to select the most effective PFAS strategy for their site, water quality and treatment goals. Together, the launches of ChlorGuard and Hydro-PAQ, alongside expanded PFAS treatment capabilities, reinforce De Nora's position as a partner that brings proven technologies together into practical, customer-focused solutions for the full range of water treatment challenges. "This launch is about turning a broader portfolio into stronger outcomes for our customers," said Marwan Nesicolaci, Chief Executive Officer of De Nora Water Technologies. "By integrating these solutions into our offering, we are giving utilities and industrial operators more choice, more flexibility and the confidence that comes from working with a trusted partner that understands how to apply the right technology to the right challenge." Visitors to WEFTEC can see the newly integrated solutions in action during De Nora's Monday hospitality event, with expert presentations covering ChlorGuard and Total Plant Safety, Hydro-PAQ filtration, PFAS treatment and emerging opportunities across the water sector. About De Nora Industrie De Nora S.p.A. is an Italian multinational company founded in 1923 and listed on the Euronext Milan stock exchange. A global leader in electrochemical processes and technologies for water management, it provides products and services that enable industrial processes in the chlor-alkali, electronics, battery, water treatment (both municipal and industrial), and green hydrogen sectors. With an operational presence across multiple regions - including the Americas, Europe, Middle East, and Asia - De Nora delivers customized solutions, effectively and reliably meeting market demands. Committed to ESG principles, the company integrates environmental sustainability and social responsibility into all its activities. For further information and to access the Media Kit: Media Kit | De Nora James McKinsey Boeh Agency +1 914-420-0604 email Alternative Energy Reporter here Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Alternative Energy Reporter do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

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