TerniEnergia

News from TerniEnergia

05Apr 2017
  • Provided the energy efficiency project of COPERNICO Torino Garibaldi the building former L’Oreal in Turin of 12,500 square meters on behalf of the property management leader Copernico, in partnership with the ESCo Aura Energy Srl
  • The project, promoted by the TerniEnergia’s HUB platform, includes the installation of proprietary technologies and a duration of 12 years of service

 

TerniEnergia announces the signing of an energy efficiency contract with the TPF formula (third party financing), total worth approximately of Euro 4.3 million on behalf of COPERNICO Srl., a leading company in property management that promotes smartworking and accelerates business growth through a space, content and networking platform.

The contract, which includes 12 years of service, regards the efficiency of COPERNICO Garibaldi, located in the former L’Oreal building of about 12,500 square meters in the heart of Turin (ITA). The project will be realized through the TerniEnergia’s formula “Hub” with the partnership of Aura Energy Srl. Among the activities foreseen in the contract, the remaking and isolation of the roof, the replacement of windows, the installation of an air conditioning system, the implementation of a new LED lighting system, the realization of an access control system, the installation and management of a Building management Software (BMS) for the integrated management of all services. For interventions of lighting and the BMS will be used products and proprietary technologies of TerniEnergia Group (respectively, lighting by Greenled Industry and software by Softeco Sismat).

TerniEnergia is the first smart energy company active in the areas of renewable energy, digital energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-cos_cop-2017-04-05

31Mar 2017
  • From this backlog estimated revenues of up to Euro 1.5 million for and the delivery of up to 15,000 tons/year in the recycle plants of Nera Montoro (TR) and Borgo Val di Taro (PR)

TerniEnergia announces that Ecopneus SCPA, the non-profit consortium organization for the tracking, collection, treatment and recovery of end of life tires (ELT), formed by the leading tire manufacturers operating in Italy for “granulation/shredding activities of ELT in Italy”, has extended until December 2018 the agreement for the delivery of ELT (160,103 CERs) to the Group’s plants in Italy, pending the discussion around two announced ministerial decrees of italian Ministero dell’Ambiente.

According to the contract extension, TerniEnergia can treat, in the two advanced centers of ELT recovery of Nera Montoro (TR) and Borgo Val di Taro, up to 15,000 tons of ELT delivered only by Ecopneus for an annual delivery tariff of around Euro 1.5 million.

TerniEnergia is the first smart energy company active in the areas of renewable energy, digital energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of the Italeaf Group.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-cos_elt-2017-03-31

24Mar 2017
Nera Montoro

The Board of Directors of TerniEnergia, which met today, has resolved, with the approval of the Committee for the Compensation, an incentive plan (the “Stock Grant Plan 2017-2019” – the “Plan”) based on shares of the Company in favor of senior management. The Plan provides for the free allocation of ordinary shares subject to the achievement of certain performance targets linked to the value of the Company and to the share price.

The plan, which will be submitted for approval to the Shareholders’ Meeting, intends (i) to link the remuneration of the persons identified as beneficiaries of the Plan to the actual performance of the Company and the creation of new value for TerniEnergia, as wished for in the Corporate Governance Code for Listed Companies; (ii) orienting key corporate resources toward the creation of value and strategies for pursuing the medium to long-term results; (iii) aligning the interests of the beneficiaries of the Plan with those of shareholders and investors; (iv) introducing retention policies to retain the Plan beneficiaries and encourage their stay in the Company or in TerniEnergia Group; (v) motivate and retain the current management of the Company and develop the Company’s ability to attract potential new managers, in line with its industrial market practices.

The shares at the sservice of the Plan will derive by an appropriate share capital increase, pursuant to article 2349, paragraph 1, of the Civil Code, to be approved by the Shareholders’ Meeting.

The Board of Directors has resolved to submit the approval of the said divisible capital increase of maximum Euro 2,959,862, corresponding to a maximum n. 2,354,478 ordinary shares of the company, through the use of a special reserve of profits bound to service of the Plan, to be drawn from a pre-existing free equity reserve powered by undivided profits.

In addition to the above proposals will be submitted for approval to amend the art. 5 of the Bylaws to the extraordinary Shareholders’ Meeting.

The Board has determined to grant to the Chairman and CEO, Stefano Neri, the mandate to convene the Ordinary and Extraordinary Shareholders’ Meeting of TerniEnergia S.p.A. to deliberate on the floor of the Stock Grant Plan 2017-2019, the capital increase and the Bylaws changes.

For more information, please see the information document pursuant to art. 84-bis of the Issuer Regulations and reports on the agenda of the ordinary and extraordinary Shareholders’ Meeting that will be made available to shareholders in the manner and within the time prescribed by law.

The Board of Directors has finally examined and approved the Remuneration Report to be published and made available on the Company’s website (www.ternienergia.com), establishing the remuneration of the Executive Directors and the guidelines for the remuneration of executives key management, according to best-practice tips.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-cos_sg-2017-03-24en

 

23Mar 2017

TerniEnergia – the first italian smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group – within the internationalization process of the PV EPC business, signed today a contract worth of approximately $ 12.5 million for the construction in Tunisia of an industrial scale photovoltaic plant for a total capacity of 10 MWp, on behalf of S.T.E.G. – Société Tunisienne de l’Electricité et du Gaz (STEG).

In particular, this is the first PV plant of utility scale to be built in Tunisia as part of a government pipeline for a total of 1 billion USD and with a total capacity of 1 GW (Tunisia Solar Plan), promoted by Selon Climate Action, the Directorate General for Energy of the Tunisian Ministry of Energy and Mining, which involves the installation of 320 MW of plants within STEG and 680 MW promoted and developed by private investors. The partnership between STEG and TerniEnergia, developed as part of a public-private arrangements strategy in the renewable energy and energy efficiency, will provide also a training program for staff and technicians of the same STEG.

The plant will be installed in locations Tozeur, about 450 km from Tunisi close to the Sahara desert. The order includes the full EPC (engineering, procurement and construction) activity, with the supply of PV modules and inverters. The construction site will start by the end of March and is scheduled a timeline of twelve months for the completion of the plant.The project includes major civil works and an area, with 6 small plants, for experimenting innovative technologies and solutions. In the construction site will be active more than 200 workers, involving local companies and suppliers. There will also be a technological collaboration with Steg Energies Renouvelables

The Board of Directors of TerniEnergia scheduled for tomorrow, March 24, 2017, will proceed to the establishment of a stable organization aimed at the realization of the projects in Tunisia.

 

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-cos_tunisia-2017-03-23en

15Mar 2017

 

TerniEnergia announces that, following the approval of the 2016 financial statements and consolidated financial statements, Dr. Massimiliano Salvi, non-executive Vice-Chairman, and rag. Domenico De Marinis, independent director, Chairman of the Related Party Committee and member of the Control Risk and Remuneration Committees, have decided today to step down from the Board of Directors, for a greater load of professional commitments in companies outside the Group.

The Board of Directors, under the chairmanship of Stefano Neri, accepting the resignation, addressed a sincere thanks to Dr. Massimiliano Salvi and rag. Domenico De Marinis for the commitment by them profused in favor of the Company and their contribution in the period in which they served as directors.

The Board of Directors, with the favorable opinion of the Board of Auditors, therefore resolved to appoint by cooptation Ing. Piero Manzoni and Dr. Giulio Gallazzi as new Board Members of the Company, qualifying them as “not independent”, within the meaning of applicable regulatory requirements. The directors so appointed, who will hold office until the next Shareholders’ Meeting, based on the information available to the Company, do not have an equity interest in TerniEnergia S.p.A..

It is specified that Piero Manzoni and Giulio Gallazzi have also declared their acceptance of the candidacy for the office of member of the TerniEnergia SpA Board of Directors, if the Shareholders’ Meeting, convened for April 26, 2017 on first call and, if necessary, on on 27 April 2017, on second call, resolves to confirm the appointment of such directors as a result of cooptation pursuant to art. 2386. civ. and art. 13 of the Bylaws. The board member Mr. Manzoni adviser has also requested to make acceptance of the appointment to the analysis, verification and approval (pursuant to Article 2390 of the Civil Code) by the Shareholders’ Meeting, of any conflict of interest, even potential, including the assumed offices and those held in companies controlled by his family.

 

The chairman of TerniEnergia, Mr. Stefano Neri, stated:

“We feel that, with the entry of new directors, TerniEnergia operates an appropriate strengthening of the management and predisposes itself to impress a significantly acceleration to the international development process, crucial for the implementation of the strategic plan “Plug in the smart energy company”. With the entrance in the Board of directors of Ing. Manzoni and Dr. Gallazzi, TerniEnergia acquires the support of managerial and entrepreneurial figures of international standing, with strong skills of corporate and operational organization, experience in the implementation of the digital transformation, successful track record in the energy sector, asset management of renewable power plants and high-tech business management with strong relationship skills with the financial community, italians and international investors and technological and industrial partners. These are strategic profiles for the implementation of new business related to digital energy, the smart and mini grid and the development of systems, solutions, services and technologiacal products dedicated to the energy and grids sector, as well as the opening of international markets, which we consider crucial to the achievement of challenging and ambitious development programs and growth of the Group”.

 

Profile of the new Board members

Piero Manzoni

Born in Bergamo on 8 October 1962, he graduated in Mechanical Engineering from the Milan Politecnico and holds a Master’s Degree in Business Administration. From 1989 to 1994 he worked in the Schneider Group (formerly Marlin Gerin) and from 1994 to 2001 he held various senior management positions within the ABB Group in Italy, including General Manager of ABB Solutions. His last experience within the ABB Group was as CEO and Country Manager of ABB Ltd in Libya, for the entire business of the Swiss-Swedish group. He joined Siemens Italia in July 2001, where he served as Managing Director of Siemens Power until April 2006. Among other offices, he was also appointed President of Fiat Avio Power Services SpA, President and CEO of Telegyr SpA and President of Bonus Wind Power Italia SpA. During the same period has served on the Board of CESI and on the Executive Committee of the Anie Federation. From April 2006 to November 2008 he served as CEO of Atel Energia SpA and was also appointed President of Energit SpA, as well as serving on the board of the World Energy Council for Italy. He held the positions of Managing Director of Falck Renewables SpA and Falck Energy SpA, Managing Director and General Manager of Falck SpA, Chairman of Falck Renewables Wind Ltd until the end of December 2015, and member of the committee of Assolombarda Assoelettrica and Aper. Ing. Piero Manzoni served as Chief Executive Officer of Innovatec S.p.A. from April 16, 2016 to June 24, 2016. He is currently CEO of Neorurale SpA and Chairman of MenoEnergia.

 

Giulio Gallazzi

Giulio Gallazzi has an MBA (Cum Magna Laude) from SDA Bocconi Business School, Milan. As part of his MBA program he joined Harvard Business School where he completed his MBA thesis as a visiting scholar.

He began his working life in the United States, working as a senior consultant for a major American management consultancy. In 1994 he returned to Italy becoming Partner and Managing Director of VV&A, a leading Italian management consultancy. In 2001 in Milan, Giulio Gallazzi founded SRI SpA, his own advisory company in Italy, offering business development strategies, corporate financial advisory and investor relations services with a special emphasis on social and environment responsibility. Today this venture has become the SRI Group, a UK-based holding company with operational offices in London, Milan, Rome, Shanghai, Beijing, Hong Kong, Monterrey and Mexico City and several collaborations in 15 other countries worldwide. The nine subsidiary companies of the SRI Group offer advice on business development, market entry strategies, sustainable finance, mergers and acquisitions, corporate restructuring and corporate governance. Among them is SRI Capital Advisers, an FCA regulated business which provides innovative investment advisory solutions for corporate and institutional investors. NPV focuses on business management advice in the corporate sphere with special competences and skills in the energy and infrastructures sectors. He is currently a member of the Management Board of Banca Carige, one of the largest banks in Italy. From 2014 to 2016, he was also a member of the Management Board of Ansaldo STS, a stock exchange listed company in Milan. Giulio works closely with a wide range of academic institutions, foundations and other not-for-profit organizations. This has helped SRI Group develop its distinctive network of connections which includes government institutions and major universities as well environmental, charitable and religious institutions. He is a visiting Professor at the John Paul II Pontifical Institute for Studies on Marriage and the Family in the Vatican, where he lectures on finance and sustainable development issues, and is on the board of the Benedict XVI Foundation for Marriage and the Family. During the course of his career, Giulio has published widely on issues related to corporate management and financial restructuring issues.

 

The complete curricula vitae of Piero Manzoni and Giulio Gallazzi are available on the web site of the Company www.ternienergia.com.

 

The Board of Directors – following the resignation of De Marinis – has also integrated today the members of the Related Parties Committee, the Remuneration Committee and the Committee for Internal Control, who will remain in office until the end of their office of Directors of the Company. The independent directors Paolo Ottone Migliavacca, Mario Molteni and Laura Rossi are members of the Related Parties Committee, the Committee for Internal Control and the Remuneration Committee. Laura Rossi was appointed Chairman of the Related Parties Committee.

 

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 

press-release_te-cos_cda-2017-03-15en

15Mar 2017

 

  • Revenues of Euro 86.1 million, -76.7% (Euro 368.7 million as at 31/12/2015)
  • EBITDA of Euro 17.3 million, -31.4% (Euro 25.2 million as at 31/12/2015), Ebitda Margin equal to 20.1% (6,85% as at 31/12/2015)
  • EBIT of Euro 7.9 million, -54%% (Euro 17.1 million as at 31/12/2015)
  • EBT of Euro 2.5 million, -59.6% (Euro 6.1 million as at 31/12/2015)
  • Net income of Euro 1.1 million, -58.8% (Euro 2.5 million as at 31/12/2015)
  • Net financial position of Euro 93.7 million, of which in short term Euro 15.7 million (Euro 89.5 million, al 30/09/2016, of which in short term Euro 9.6 million)
  • Net equity amount to Euro 57.1 million (Euro 54.2 million as at 30/09/2016)
  • Conferred to the executive directors the mandate to sign the contracts for the new PV plants of Zambia and Tunisia, the development of giant PV plant in Egypt and the acquisition of Energetic SpA

 

The Board of Directors of TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, approved the interim financial report as at December 31, 2016.

Mr. Stefano Neri, Chairman of TerniEnergia, stated:

“TerniEnergia is totally focused on the execution of the new business plan, but with the approval of the 2016 financial statement, we are virtually closing the phase of transition to the strategic redesign and transformation of the Group. We are confident to have completed the most appropriate actions to change gear and to finalize a strong international outlook with ambitious profit target, outlined in the plan “Plug in the smart energy company”. Our Group is now ready to enter in a new growth era. The new TerniEnergia will play a role of Italian first mover in the digitization applied to the electricity sector, pursuing the new identity of Smart Energy Company. Through the process of growth through acquisitions, although not yet completed, we will complete the transformation from an identity of provider and system integrator, with high capital intensive business, to a technological player fully integrated along the entire energy value chain, able to combine the plant construction expertise with digital solutions to be implemented on the electrical infrastructure and the energy management services”.

 

 

CONSOLIDATED RESULTS AS AT DECEMBER 31, 2016

Revenues amounted to Euro 86.1 million. The decrease compared to the previous year (Euro 368.7 million; -77%) is attributable to the significant reduction in energy management business, resulting by the exit from the consolidation scope of Free Energia, pending the acquisition of a target company operating in the same sector (as already indicated in the Group’s strategic guidelines), in order to don’t change substantially the business model. The revenues of the acquired companies Softeco Sismat and Selesoft Consulting entered, however, in the scope of consolidation since 1 November 2016, following the signing of the relevant investment contracts. The acquisition of the mentioned companies contributed for around Euro 7 million to this result. This amount represents the so-called “Gain on bargain purchase” that, at the end of the Purchase Price Allocation process in accordance with international accounting standards, was recognised through profit or loss.

EBITDA amounted to Euro 17.3 million (Euro 25.2 million at December 31, 2015, -31.4%). The EBITDA margin amounted to 20.1%, with an increase compared to 2015 (6.85%), thanks to the mentioned “Gain on bargain purchase”.

Net operating income (EBIT) amounted to Euro 7.9 million (Euro 17.1 million as at December 31, 2015), after depreciation, amortization and non-recurring write-downs of Euro 9.5 million (Euro 8.1 million total in 2015). In particular, this result is affected by the negative effects arising from write-downs of investments in Veneto Banca, as well as other operating and financial assets totaling Euro 3.8 million.

Net income, which includes the share of earnings from the activity of JV, amounted to Euro 1.1 million (Euro 2.6 million as at 31/12/2015), while the profit before tax (EBT) amounted to Euro 2.5 million. On the Net income there is a significant incidence of a tax rate of 57% (similarly to the previous year, due to the effects of tax impositions held by some foreign subsidiaries).

Net financial position (NFP) was Euro 93.7 million (Euro 89.5 million at 30/09/2016), growing for entry into the perimeter of the Group companies and Softeco Selesoft. The current NFP is equal to Euro 78 million, while the short-term NFP amounted to Euro 15.7 million. The ratio NFP/EBITDA was 5.4x (compared to 3,46x of the year 2015).

Net equity amounted to Euro 57.1 million (Euro 54.2 million at 30/09/2016), while the Immobilized capital amounted to Euro 153 million, of which € 79.4 million related to tangible assets. Net equity takes into account the treasury shares held in portfolio, which amounted to no. 1,012,224.

 

INDUSTRIAL RESULTS AS AT DECEMBER 31, 2016

The the two “giant” worksites active in South Africa (photovoltaic plants of total capacity of 148.5 MWp on behalf of a leading Italian utility) has been completed with the consequent activation of the O&M (operation and maintenance) final contracts. The total number of photovoltaic plants built by TerniEnergia from the beginning of its activity is equal to 274, with an aggregate capacity of approximately 425,27 MWp (13.2 MWp in full ownership and 30 MWp in joint venture for the Power Generation activity). Moreover, are connected to the grid biomass plants for a total of 1.5 MWe and 2 MWt.

The total energy production of the full ownership and joint ventures plants for the power generation business, in the first half was equal to around 60.4 million kWh. In the environmental sector are operating two treatment and recycle plant of end of life tires (ELTs), the GreenAsm biodigestion and composting plant and finally the groundwater remediation plant in Nera Montoro (TR).

The line of business energy management handled 5.86 GWh of energy and 42.2 million standard cubic meters of gas equivalent to 446.640 MWh.

The energy saving LOB reported installations for approximately 6,200 lighting points with an expected savings of 14.66 million of kWh, equal to 2742 TEP.

The subsidiaries Softeco Sismat and Selesoft Consulting have managed, among others, the technological renewal of components (storage hardware and software) and back-up data center of a leading certification institute, while were started supply services and maintenance agreements contracts of remote control systems for customers of international standing, among which may be mentioned Siemens Digital Grid, ENEL GDS (Global Distribution Service), Unicredit. Finally, it was launched the project phase of testing for the installation of the automation solutions for the two interconnection stations of the HVDC link between Italy and Montenegro. The plant, with a capacity of 1000 MW of rated power, is at an advanced stage of construction site. All the automation logic is designed and built on proprietary technology MP48, on behalf of a leading international technological company.

 

TERNIENERGIA SPA RESULTS AS AT DECEMBER 31, 2016

Net revenues amounted to Euro 30.7 million (Euro 32.2 million at 31/12/2015). EBITDA amounted to Euro 3.8 million (Euro 11.5 million as at 31/12/2015). The Net result was a loss of Euro 6.7 million (Euro 2.1 million as at 31/12/2015).

 

SIGNIFICANT EVENTS OCCURRED AFTER THE END OF PERIOD

Fully subscribed the share capital increase approved on December 30, 2016

On January 16, 2017, Opened and simultaneously concluded the placement of n. 3 million of TerniEnergia shares (6.8% of the share capital). Transaction value of Euro 2.19 million, corresponding to a price of placement of the shares of new emission of Euro 0.73 p.s.. The Capital Increase will be used to support the internationalization of the Group and the Development of the digital energy business, particularly the growing market of the smart and micro grids.

 

Acquired order worth of USD 12.5 million in Tunisia

On January 17, 2017, TerniEnergia announced that has been acquired a order worth of approximately $ 12.5 million for the construction in Tunisia of an industrial scale photovoltaic plant for a total capacity of 10 MWp, on behalf of S.T.E.G. – Société Tunisienne de l’Electricité et du Gaz.The plant will be installed in locations Tozeur, about 450 km from Tunisi close to the Sahara desert. The order includes the full EPC (engineering, procurement and construction) activity, with the supply of PV modules and inverters.

 

TerniEnergia enters into the cybersecurity industry and strengthens the activity on smart grids

On January 23, 2017, TerniEnergia announced that the digital company Softeco Sismat was appointed as coordinator of the Anastacia project, which involves a consortium of 14 partners including Thales, Atos, Ericsson and CNR, with a funding of approximately Euro 4 million under EU program Horizon 2020. The research project will focus on developing an IT risk prevention tools for systems based on the Internet of Things (IoT) and virtualized cloud architectures. It was assigned to the company also the second phase of the project “Smartgen”, a platform for smart grid management, financed for approximately Euro 1.3 million. The project involves the introduction of storage technologies on the city of Sanremo distribution grid. Finally, it was funded the project Prosfet on sustainability mobility in which Softeco Sismat is between 9 partners.

 

Final results of the Share Capital Increase

On January 25, 2017, TerniEnergia announced thet were paid the considerations relating to all n 3,0.00,000 newly issued shares of the Company deriving from the reserved share capital increse resolved by the Shareholders ‘Meeting on 30 December 2016 (“The Share Capital Increase”) at a price of Euro 0.73 each, for a total already paid amounted of  Euro 2.19 million. The share capital increase has been subscribed and paid by n. 3 investors. The newly issued ordinary shares subscribed have been made available to beneficiaries through authorized intermediaries on the same date.

 

Communication of changes in share capital

On January 27, 2017, TerniEnergia announced the new composition of the share capital (fully paid) after successful of the issuance of n. 3 million of new ordinary shares of the Company, resulting from the reserved capital increase resolved by the shareholders on December 30, 2016. The new share capital amounts to Euro 59,197,230.00.

 

BUSINESS OUTLOOK

TerniEnergia, consequently to the acquisition of Softeco Sismat and Selesoft and to the strategic development programs identified by management, will complete the process of transformation in smart energy company active along the entire energy value chain, integrating, at the outcome of the due diligence procedures, the company Energetic, active in the energy management and trading “dual fuel” of gas and power. This agreement will also allow a significant increase in the activity of energy efficiency LOB, with an offer dedicated to the loyalty of the established customers of the company being acquired. This target will be pursued through the “hub” tools, an operational formula to unlock the industrial energy efficiency market through the formula “financing through third parties” (FTT) in Italy, will allow high growth potential thanks to the integration with Energetic and thanks to financial partnership and commercial agreements subscribed respectively with investment funds and players of the Energy efficiency sector for cross-selling activities.

Similarly, the transaction of integration envisaged in the Gas & Power segment, will strengthen the Business Line “Energy Management”, enhancing the power generation from renewable energy plants and generating a large bouquet of offers and services, strategic to pursue the claim on the market dual fuel for industrial and public administrations customers.

The initial phase of the year 2017, will be focused in the entering in the field of services and development and industrial production solutions and smart technologies for the transmission and distribution of energy (smart grid), the flexible and timely management of production and energy consumption, energy efficiency, management of renewable energy and cleantech (energy islands). The Group intends to integrate the activities in renewables, energy efficiency and energy management with systems and innovative solutions with high added value, making it possible to introduce new technologies in the industry capable of act as a bridge between the industrial and “physical” business and the digital and “virtual” too.

TerniEnergia’ LOB Technical services is strengthening the activities of scouting and market analysis for the development of new projects and to participate in new international tenders as “EPC contractor” for large utility or primary investors. Among the planned activities, the development of a giant scale plant in Egypt, important orders in Africa (Tunisia and Zambia) and landing in new high-growth markets (India). TerniEnergia aims to develop new growth opportunities in countries with considerable potential of growth, with the aim to consolidate its global presence, with a view to geographical diversification and maximization of the value created with internationalization strategy.

The Cleantech LOB of the Company intends to complete a new plant in southern Italy for energy recovery through composting and anaerobic biodigestion. Finally it will completed the new treatment plant of industrial fluid waste in Nera Montoro (TR), which will intercept a substantial demand (58 thousand cubic meters/year) in a market segment experiencing a high technological activity with high growth prospects.

 

Other resolutions of the Board of Directors

The Board of Directors has resolved to grant to the executive directors Stefano Neri, Fabrizio Venturi and Laura Bizzarri the mandate to sign the contracts for the execution of orders for the construction of photovoltaic plants of utility scale in Tunisia and Zambia, respectively of installed capacity of 12.5 MWp and 34 MWp. Similarly, the Board has conferred to the executive directors a mandate to sign the contracts preparatory to the development of a new “giant” scale project in Egypt. Finally, the Board of Directors resolved to grant to the executive directors Stefano Neri and Laura Bizzarri the mandate for the signing of contracts for the purchase of the controlling stake in the company Energetic SpA, active in the energy management and energy trading sectors, with “dual fuel” offer of gas and power.

 

The Officer appointed for the preparation of accounting and corporate documents, Dott. Paolo Allegretti, states, pursuant to paragraph 2 of art. 154-bis of the consolidated Financial Act, that the accounting information that is contained in this press release corresponds to the results contained in the documents, books, and accounting records.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 

press-release_te-cos_fy2016-2017-03-15en

23Jan 2017
  • The digital company Softeco Sismat, part of the TerniEnergia Group, is coordinating the Anastacia project, which involves a consortium of 14 partners including Thales, Atos, Ericsson and CNR, with a funding of approximately Euro 4 million under EU program Horizon 2020
  • The research project will focus on developing an IT risk prevention tools for systems based on the Internet of Things (IoT) and virtualized cloud architectures
  • Assigned the second phase of the project “Smartgen”, a platform for smart grid management, financed for approximately Euro 1.3 million
  • The project involves the introduction of storage technologies on the city of Sanremo distribution grid
  • Funded the project Prosfet on sustainability mobility in which Softeco Sismat is between 9 partners

TerniEnergia – the first italian smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group – enters into the field of cybersecurity. It also reinforces the activities in the smart grid sector with the financing of the second phase of the project Smartgen in the town of Sanremo.

Softeco Sismat, digital company of the Group, is the coordinator of the “Anastacia research project” co-financed under the EU program Horizon 2020, that will involve for 36 months a consortium of 14 partners from 7 European countries including Thales, Atos, Ericsson and CNR. The project received a contribution of approximately EUR 4 million and expected total costs exceeding EUR 5.4 million.

The main target of the Anastacia project is to solve new and unexpected risks that cannot be prevented by current state-of-the-art of security solutions, by researching, developing and demonstrating a holistic solution enabling trust and security by-design for Cyber Physical Systems (CPS) based on IoT and cloud architectures.

It was also assigned to Softeco Sismat the project coordinator role for the second phase of the research project Smartgen, funded with approximately EUR 1.3 million under the Electricity System Research program. The project involves the introduction of storage technologies (Toshiba) on the Sanremo city distribution grid managed by AMAIE SpA. The first phase of the project had foreseen the development of a DMS (Distribution Management System), capable of handling problems optimization and control of power flows, regulating the voltage, the supply of the auxiliary generation services with potential involvement of the electricity market.

The CEO of Softeco Sismat and executive director of TerniEnergia, Ms Laura Bizzarri, stated:

The significant growth of technological and R&D activity of the TerniEnergia Group, also through its subsidiaries, is a tangible acceleration signal on the side of business “smart energy”, which is the core of the new business plan to 2018. In particular, the sectors of smart grids and cybersecurity are considered strategic for the development of new technological opportunities. The integration of digital systems and solutions across the entire energy value chain, in fact, requires the adoption of innovative security systems that meet the vulnerability risks of infrastructure: from the communication and management of networks, up the home automation and smart metering instruments on which, through the acquisition of Wisave, the Group TerniEnergia intends to strengthen its own core business”.

Through the Horizon 2020 funds, was also financed the project “Prosfet”, on sustainable mobility, in which Softeco Sismat is involved with other 8 partners including companies, universities and research centers. The project concerns the city logistics operations and the better planning of local authorities, especially in the urban freight sector, with the aim of alleviating the negative environmental and economic impacts associated occurring in the city.

 

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 

press-release_te-cos_cyb-2017-01-23en

17Jan 2017

TerniEnergia – the first italian smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group – within the internationalization process of the PV EPC business, has been acquired a order worth of approximately $ 12.5 million for the construction in Tunisia of an industrial scale photovoltaic plant for a total capacity of 10 MWp, on behalf of S.T.E.G. – Société Tunisienne de l’Electricité et du Gaz.

The plant will be installed in locations Tozeur, about 450 km from Tunisi close to the Sahara desert. The order includes the full EPC (engineering, procurement and construction) activity, with the supply of PV modules and inverters. In the construction site will be active more than 200 workers. The project includes major civil works and an area for experimenting with new technologies.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

press-release_te-cos_tun-2017-01-17en

16Jan 2017
  • Opened and simultaneously concluded the placement of n. 3 million of TerniEnergia shares (6.8% of the current share capital)
  • Transaction value of Euro 2.19 million, corresponding to a price of placement of the shares of new emission of Euro 0.73 p.s.
  • The Capital Increase will be used to support the internationalization of the Group and the Development of the digital energy business, particularly the growing market of the smart and micro grids

 

The Board of Directors of TerniEnergia – the first italian smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group – has resolved today the opening and the simultaneous closing of the Offer Period, with the full placement of the TerniEnergia ordinary shares arising from the capital increase, in one or more tranches, by paid subscription, in divisible form, with the exclusion of option rights pursuant to art. 2441, paragraph 4, second part, of the Italian Civil Code, approved by the shareholders’ meeting on December 30, 2016 (the ”Capital Increase”).

The newly issued shares was offered for subscription as part of a private placement, without publication of the prospectus for the public offering and listing of the new shares by virtue of the exemptions provided by art. 34 – ter, paragraph 1, letter b) and art. 57, paragraph 1, letter a) of the Issuer Regulations.

The placement of a a maximum of up to 3,000,000 shares, corresponding to 6.80% of the current share capital, took place through a bookbuilding procedure and has been restricted to qualified investors in Italy and institutional investors abroad, excluding the United States of America, Australia, Japan and Canada (the “Institutional Offering”). The Institutional Offering did not result in a solicitation to investment.

The share capital increase was fully subscribed for a value of Euro 2.19 million.

The Board of Directors also determined the placement price of the new shares, equal to Euro 0.73 per share (the “Placing Price”).

The Placing Price was determined in accordance with the criteria defined by the Shareholders’ Meeting and disclosed to the market on December 30, 2016. The Placing Price was also determined through the mechanisms of the so-called bookbuilding activities, taking particularly into account the quantity and quality of the demand expressed by 3 investors who has joined the Institutional Offering, as well as the current trend of domestic and international markets.

The transaction will be settled by the delivery of shares and payment of the consideration by January 27, 2017. Following the full subscription of the newly issued shares, the post-increase share capital will be Euro 59,197,230, divided into no. 47,089,550 ordinary shares. The relative change in the share capital will be announced through a press release.

Following the private placement, the participation of the Chairman and CEO of the Company, Stefano Neri, which indirectly holds a controlling interest of the Company pursuant to art. 93 of Legislative Decree no. 58/1998, was reduced from 45.33% to 42.45% of the share capital.

The transaction, also as a result of the recent acquisition of the companies Softeco Sismat and Selesoft Consulting and the presentation of the industrial plan “Plug in the smart energy company”, is aimed at:

  • put the companies in the best capital and financial conditions for increasing and consolidating its position in the Smart and Micro Grids emerging market, combining its track record in the installation of plants for the production of renewable energy with digital business;
  • integrate into its strategic business, the activities required to implement the digital transformation strategy, with particular reference to the development of solutions for the management of electrical grids (both transmission both distribution) and of “smart” and “connected” systems, adhering to the model of the Internet of Things (IoT);
  • increasing the visibility of the share on the capital market, allowing the entry of qualified and supportive investors or industrial partners, also in order to improve and consolidate the company’s strategy of innovation and internationalization to meet the new demands of the energy global market.

The private placement was coordinated and directed by EnVent Capital Markets Ltd, acting as Global Coordinator and Bookrunner; Issuer’s financial advisor was SRI Capital Advisers Ltd, a company specialized in Financial Advisory, Fundraising and Deal arrangements that involved a group of institutional investors of its own network. SRI Capital Advisers, part of the International SRI Group headed by the chairman Mr. Giulio Gallazzi, will be the TerniEnergia partner for the development and implementation of the Business Plan “Plug in the smart energy company”.

 

This document may not be distributed directly or indirectly in the United States of America, Australia, Canada and Japan. This document (and the information contained herein) neither contains nor amounts to a sale offer or a purchase offer for financial instruments in the United States of America, Australia, Canada or Japan or in other jurisdictions where such an offer may be unlawful. The financial instruments in question are not and shall not be registered pursuant to the U.S. Securities Act of 1933, as amended (the “Securities Act”) and they may not be offered or sold in the United States of America or to U.S. persons, save where they are registered pursuant to the Securities Act or on the basis of the applicable exemptions under the Securities Act. Such financial instruments shall not be object of any public offer in the Unites States of America.

 

For more information, please refer to the illustrative report prepared in accordance with art. 125-ter of Legislative Decree 58/1998, made available to the public on December 9, 2016, at the registered office, at the authorized storage mechanism 1Info (www.1info.it), as well as on the website of the company, www.ternienergia.com / Investor Relations section.

 

TERNIENERGIA (TER.MI), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 press-release_te-cos_cda-2017-01-16en

01Jan 2017
  • The Wisave devices and the ALGO systems represent the perfect gateway for the smart energy metering reducing the cost and complexity of the solutions for the energy management
  • TerniEnergia acquires 78.22% from Italeaf and 10% by Energy System Srl
  • Total value of the transaction equal to Euro 0.7 million
  • Italeaf, the company builder listed on the NASDAQ First North, completed the second exit with its open innovation strategy

 

Italeaf and TerniEnergia informs that is finalized the acquisition of Wisave Srl, a company operating in the Internet of Things (IoT) sector, by TerniEnergia, which respectively acquired 78,22% and 10% of the shares from Italeaf and Energy System Srl, thereby acquiring a total stake equal to 88,22%.

The transcation follows the approval by the Boards of Directors of Italeaf and TerniEnergia of the acquisition of Wisave Srl by TerniEnergia. In particular, the Board of Directors of Italeaf, financial holding Company and first italian Company Builder, active in cleantech  and smart innovation, listed on  NASDAQ OMX First North, controlling shareholder of the company, resolved to propose to TerniEnergia the purchase of the shares of wisave at the market value, as evidenced by an independent expert appointed for that proposal. Consequently, received the proposal from Italeaf, the Board of Directors of TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, has positively assessed the transaction, resolving the investment in buying a stake of up to 78.22% of the shares representing the share capital quota of Wisave Srl.

The purchase price agreed for the 78.22% of the shares, representing the share capital quota of Wisave acquired by TerniEnergia, is approximately equal to Euro 0.62 million, as indicated in the independent expert’s assessment.

The co-founder company Energy System Srl, based in Lecce, will remain as minority shareholder of Wisave with a share of 11.78% of the share capital after selling to TerniEnergia the 10% of its stake, for a value of Euro 85,000, and will participate in the development of the company together with TerniEnergia.

The purchase price will be paid by TerniEnergia to the two founders (Italeaf and Energy System) in cash in the course of 2017.

Wisave is a company that operates in the field of the Internet of Things. In particular, the Company has developed and patented a proprietary remote management system of thermal plants on cloud platform, called ALGO, which aims to improve energy efficiency of a virtually unlimited number of thermal environments, through the use of an advanced thermal analysis algorithm of whole buildings (BMS – Building Management System). The ALGO system, the most advanced on the market, is made from one or more wireless thermostats, wireless temperature indoor/outdoor, humidity, and irradiation sensors, software platform in the cloud for the smart management of the thermal systems, user interface accessible via web browser and app dedicated. The ALGO thermostat replaces the old thermostat and is the best solution for the heating and air conditioning systems that are not yet equipped with a room thermostat. The device communicates in WiFi mode using the internet and wirelessly with sensors and actuators, minimizing installation costs with minimally invasive procedures.

As regards the economic reasons and convenience for TerniEnergia to carry out the transaction, has a function of supply chain optimization for the business unit called “Energy Saving”, active in the implementation of energy efficiency projects, and for the integration of the new business of digital energy (after the acquisition of Softeco Sismat and Selesoft Consulting), consistent with the intended targets of the Business Plan “Plug in the smart energy company” presented to the financial community on November 4, 2016. In addition, in the same plan, the Company expressly identified in the acquisition of innovative technologies in the field of energy efficiency, one of the priorities for growth. In particular, the Wisave devices and the ALGO systems represent the perfect gateway to implement monitoring and control functions, completely wireless, as part of the hardware and software platforms and of the products developed by the Group’s digital energy division (RTU-Go / Adverto / ESOS) by supplying them with IoT technologies.

The procedure for the approval of the transaction has provided the expression of a reasoned favorable opinion of the Related Parties Committee of the Company in completing the transaction, and the convenience and substantial correctness of the relative conditions, in accordance with Consob Regulation no. 17221/2010 and procedure adopted by the Company.

The transaction of acquisition of Wisave by TerniEnergia is, in fact, a “related party transaction” not of greater relevance, because Italeaf, as recalled, holds an interest representing 45.06% of the share capital of TerniEnergia and exerts control over it pursuant to Article 2359, first paragraph, no. 2 of the Civil Code and Article 93 of the TUF. Therefore, Italeaf is a related party to the Company pursuant to article 3, first paragraph, point (a) and the definition of related parties contained in Annex 1, paragraph 1, letter (a) (i) of the Consob Regulation no. 17221/2010.

 

 

 

ITALEAF (ITAL SDB), established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in London and Hong Kong and a research and development centre in the Hong Kong Science and Technology Park. The company controls TerniEnergia, listed on the STAR segment of the Italian Stock Exchange and active in the fields of renewable energy, energy efficiency and waste management, WiSave in the “internet of things” field, for the development and production of thermostats and smart technologies for the remote control of electrical and heating items of buildings managed through a cloud infrastructure, and Skyrobotic, in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing and Italeaf RE, a real estate company.

Italeaf is listed on NASDAQ’s First North market of the Stockholm Stock Exchange.

 

TERNIENERGIA (BIT: TER), established in September 2005, and part of Italeaf Group, is the first Italian smart energy company, committed to bring worldwide integrated and sustainable energy solutions. Organized into four business lines (Technical services, Energy management, Energy efficiency and Cleantech), with about 500 employees and a geographic presence in almost the continents, with operational and sales offices, TerniEnergia develops solutions, innovative products and services based on digital and industrial technologies for the energy sector.

TerniEnergia, also through its subsidiaries, shall pursue the objectives of increasing energy production from renewable sources, energy efficiency and emissions reduction, as laid down by European environmental policy, and participates actively in the distributed power generation revolution and energy smart grids.

TerniEnergia is the ideal partner for large utilities, distributors and grid operators, power producers, public authorities, industrial customers and investors who intends to carry out large projects for the production of renewable energy plants and modern systems with high energy efficiency, solutions for the management and maintenance of the infrastructure and the electrical systems. TerniEnergia, through a complete technological and commercial offer, develops and provides technologies, turn-key services and solutions for energy consumers in the public and private sectors. The company is listed on the STAR segment of the Italian Stock Exchange.

 

press-release_te-cos_wisave-2017-01-02en