Industrie De Nora S.p.A. (De Nora), an Italian multinational company specialising in electrochemistry and sustainable technologies, has announced that, by Decree No. 2595 of 10 September 2026, the Ministero delle Imprese e del Made in Italy (MIMIT) revised to €50.3 million the total amount of public funding granted to De Nora Italy Hydrogen Technologies S.r.l. (DNIHT) for the development of the Italian Gigafactory project in Cernusco sul Naviglio.
The Gigafactory is a project by de Nora in collaboration with Snam S.p.A, located on the outskirts of Milan, specifically in Cernusco sul Naviglio, Italy. It is set to be one of Italy's largest plants and large scale production hubs with a capacity of up to 2 GW to produce electrolysers for the generation of green hydrogen systems, components for water electrolysis and fuel cells, as well as building products to serve the group's other divisions.
The funding, granted as a contribution towards eligible project costs for a total amount of approximately €50.349 million, consists of approximately €3.225 million financed through resources allocated under Italy's National Recovery and Resilience Plan (PNRR) and approximately €18.099 financed through the IPCEI Fund.
The new decree is the outcome of the review process launched in March 2025, when De Nora informed the market of its intention to reassess the economic and financial assumptions underlying the Gigafactory project in light of developments in the green hydrogen market, in coordination with the relevant authorities.
As subsequently announced in July 2026, this process resulted in the definition of an updated industrial and technological plan, featuring volumes and activities aligned with the current market environment, and the consequent revision of the public incentives allocated to the project.
Under two previous decrees, DNIHT had been granted public funding of up to approximately €63 million, covering around 70% of the eligible costs envisaged under the previous project plan.
With the new decree, following the remodulation of the project and the related eligible costs, the total amount of the funding has been revised to €50.3 million, while nonetheless ensuring full coverage, equal to 100%, of the eligible costs of the Gigafactory project. The new configuration therefore enables more efficient use of the public resources allocated to the project and, at the same time, ensures full coverage of the eligible costs envisaged under the updated industrial and technological plan.