# Ariston Thermo plans €300 million investment in hydrogen and reshoring

Ariston Thermo plans approximately €300 million in investments through 2023, focusing on hydrogen technology and reshoring production to Italy. The company aims to bring 80% of its production to high energy efficiency and renewable sources by 2022.

- Type: Investment
- Announced: 2021-03-23
- Where: Albacina, Fabriano, Marche, Italy
- Value: $353.0M (300.0M EUR)
- Status: announced
- Products: hydrogen-powered heating systems, high-efficiency boilers, renewable heating systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ariston Thermo](https://endata.com/companies/21603.md)

## Sources

- [corriere.it](https://www.corriere.it/economia/aziende/21_marzo_23/merloni-idrogeno-2d5daf58-8b04-11eb-96d7-1b239199ed0f.shtml), 2021-03-23: "Concentrerà innovazione, tecnologia, ricerca, parte di un piano che prevede circa 300 milioni di investimenti fino al 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.