TerniEnergia

News from TerniEnergia

07Jul 2020
  • Disposal of the business unit including plant works, real estate and authorisations by SPV Newcoenergy Srl to the SPV Calimera Bio Srl, established by Buttol Srl and Anaergia Srl
  • Consideration of Euro 2.8 million for the transaction

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA), has signed the contract for the sale of the business unit relating to the biodigestion and The business unit, which includes the work in progress to complete the biodigester itself, the properties involved and the related building and environmental authorizations, was acquired by Calimera Bio Srl, a special purpose vehicle company set up by Anaergia Srl and Buttol Srl, operating in the field of high quality environmental services through a path of sustainable development. The consideration for the transaction amounts to approximately Euro 2.8 million, fully paid in cash, which also represents the collection by algoWatt.

19Jun 2020
  • The new environmental asset put into service in Umbria, in the eco-industrial park of Nera Montoro (TR) and is authorized to treat 438,000 cubic meters per year of groundwater and 58,000 tons per year of liquid waste.
  • Plant owned by Purify Srl, a JV between algoWatt and ATP Project & Constructions, Total investment of approximately Euro 9 million

 

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) announces that, today has put into operation the plant Purify, a JV between algoWatt and ATP Project and Constructions Srl, owner of industrial fluid waste treatment and groundwater remediation plants in Nera Montoro (TR), Umbria.

The start-up of the platform, which involved a total investment of approximately Euro 9 million, confirms the goal of algoWatt aimed at enhancing the asset management of marginal resource recovery plants, also through the consolidation of partnerships with leading Italian and international investors in the green and circular economy sector, as envisaged in the Group’s Recovery and Relaunch Plan.

AlgoWatt‘s Chairman and CEO, Stefano Neri, said:

We put into operation an innovative plant, projected and started before the merger between TerniEnergia and Softeco, which originated algoWatt, in line with the industrial targets we had set ourselves. The commissioning of the plant completes the equipment of the green industry factory in Nera Montoro (TR) Umbria, which represents an integrated platform (liquid waste, biodigestion and composting of FORSU, treatment of end-of-life tyres) with economic-financial and strategic value. It is, in fact, an industrial area dedicated to the environmental industry, barycentric with respect to the Italian market for the recovery of resources and characterized by a strong appeal for players specializing in green and circular economy“.

The Executive Director of ATP Srl, Pierluigi Ruopoli, said:

Our partnership in the construction and subsequent management phase of a complex and articulated plant such as that of Nera Montoro, represents an important opportunity, especially in the field of enhancement and refinement of our skills. The relationship with algoWatt will allow us to introduce very relevant digital and technological innovations in plant management and to offer to the liquid waste treatment market a platform focused on environmental sustainability and operational efficiency“.

The Purify plant

The new plant platform, authorized by the Umbria Region, integrates two different treatment lines:

  • Groundwater remediation (TAF). Purify manages the groundwater treatment, in compliance with the regional requirements of the remediation project of the Nera Montoro site, in the province of Terni, for a total capacity of 438,000 cubic meters per year. The revamping involved the chemical-physical and biological plants, a complex system consisting of 48 wells for the drainage of treated water and a monitoring system consisting of 95 piezometers placed to control the water table of the Nera Montoro industrial site, for a total treatment of 50m3/h.
  • Treatment of industrial liquid waste (TRL). This is the new section dedicated to the treatment of liquid waste with a capacity of 58,000 t/year that includes two process lines: (a) biological treatment with activated sludge for the removal of nitrites, nitrates and ammoniacal nitrogen; and (b) chemical-physical treatment by flotation or evaporation, with two three-stage vacuum evaporators (2,500 litres/hour each) for the purification of water with the highest concentration of pollutants.

The competitive environment

The Purify plant platform operates in an area with high demand for the treatment of industrial liquid waste. Addressing a supra-regional context, it can provide the ideal answer for those companies that place the enhancement and correct treatment of environmental resources as a target of their activities. As regards Umbria alone – a region where no similar treatment plant exists – an analysis of the companies’ MUDs shows that demand for liquid waste treatment exceeds twice the authorised capacity of Purify. The plants operating in the neighbouring regions of Lazio, Tuscany, Marche and Abruzzo are not equipped with all the process lines of the Purify platform. The catchment area, also in consideration of the proximity of the highway exit, can extend up to a distance of 300-400 km, especially towards the south, filling a substantial plant gap in this sector of central-southern Italy. 

The revamping of the TAF plant, on the other hand, makes it possible to adjust the regulations for the reclamation of groundwater, making a significant contribution to the safety of a historic industrial area in Central Italy, previously owned by the Eni Group.

Inauguration with web conference

The plant will be inaugurated today with a web conference scheduled at 11 am CET entitled: “Circular Economy and Reclamation: an opportunity for growth in the context of the Green New Deal“, with the participation, among others, of the Undersecretary for the Environment, Roberto Morassut. To participate: https://us02web.zoom.us/webinar/register/WN_Zzw5W_eYR6qE-4axWd9qQQ

16Jun 2020

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions Company listed on Borsa Italiana’s electronic stock exchange (MTA), have signed the contract for the development of a solution for the management of the flexible on-demand Tele-Bus service operated by Miejskie Przedsiębiorstwo Komunikacyjne Spółka Akcyjna (MPK S.A.), a public transport operator based in Krakow (PL). algoWatt awarded the contract in a European tender and related selection process involving several other multinational providers.

The contract provides for the development of the platform for the management of the DRT public transport service, which includes the application for the planning, optimization and execution of the service by the operator, the app dedicated to the driver for the management of the trips and the app for the booking of the service by customers. The solution that will be provided to MPK is based on the PersonalBus platform, developed over the years by algoWatt, successfully used by many operators in Italy and recently renewed with the latest technologies.

The contract has a duration of 30 months of which 6 months for development and 24 months of operational maintenance for which algoWatt will use local operators.

MPK is one of the largest public transport operators in Poland and the choice of the solution implemented by algoWatt demonstrates the company’s leadership in the flexible mobility sector, providing a solid reference for a possible development of the foreign market.

10Jun 2020

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions Company listed on Borsa Italiana’s electronic stock exchange (MTA), will present to the Italian financial and industrial community  on June 19, with a web conference starting at 11.00 a.m. (CET)  the new groundwater treatment in Nera Montoro (TR) and the liquid industrial waste remediation plant owned by Purify Srl, a 50-50 joint venture between algoWatt and ATP Projects & Constructions Srl.

It will be possible to subscribe to the free web conference by registering at the following URL: https://us02web.zoom.us/webinar/register/WN_Zzw5W_eYR6qE-4axWd9qQQ

The event, focused on the themes of Reclamation and industrial regeneration in the framework of the Green New Deal and the priorities related to the circular economy and digitization contained in the programs of the EU Recovery fund, will see the participation of the Secretary of State of the Ministry of the Environment, Roberto Morassut, and the extraordinary sub-commissioner to the water reclamation of the Ministry of the Environment, Stefano Vaccari.

05Jun 2020

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) have obtained two orders from a leading operator in the international railway sector. These are, in particular, the development of two SCADA systems (supervisory control and data acquisition systems) for diagnostics and maintenance on market platforms, in the railway sector, which is highly energy-intensive. The total value of the two contracts amounts to Euro 0.7 million.

algoWatt, as part of the planned activities, will have to develop specific functionalities and dedicated interfaces that can be used by the railway network manager in synergy, with economic advantages, on the traditional and high-speed networks, in commissioning and maintenance.

21Apr 2020

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the Board of Directors of the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) met today, resolved to postpone the approval of the draft financial statements and consolidated financial statements as at 31/12/2019 to a date to be determined at a later Board meeting.

The decision was taken in order to obtain a complete information framework in the light of the events after the end of the 2019 financial year and, in particular, of the evolution of the epidemiological emergency in progress, also taking into account the ESMA recommendation of 11 March 2020 on market disclosure on the impacts of COVID-19 by listed issuers, recent government measures to support businesses and the Richiamo di Attenzione n. 6/20 issued by Consob on 9 April 2020, also concerning the feasibility of industrial planning and the impact on impairment tests.

 

algoWatt (ALW), greentech solutions company, designs, develops and integrates solutions for energy and natural resource management in a sustainable and socially responsible manner. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility. algoWatt is the result of the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an ICT solutions provider with over 40 years of experience for customers operating in the energy, industry and transport sectors. The company, with more than 200 employees located in 7 locations in Italy and investments in research and innovation for more than 12% of turnover, operates with an efficient corporate organization, focused on the following markets: Green Energy Utility: renewable energy, digital energy, smart grids; Green Enterprise&City: IoT, data analysis, energy efficiency, building and process automation; Green Mobility: electric, shared and on demand. Different markets, a single focus: sustainability. algoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..

31Mar 2020

Italeaf SpA, holding company and first Italian company builder active in the cleantech and smart innovation sectors, listed on the NASDAQ First North Growth Market of the Stockholm Stock Exchange, announces that the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA), following the press release issued on January 6, 2020, to which reference is made, has exercised its right to extend by a further 60 days the final date for the closing of the sale of 100% of the shares in NewcoEnergy Srl to Buttol Srl, operating in the high quality environmental services sector through a path of sustainable development.

The SPV NewcoEnergy Srl is the owner of the biodigestion and biomethane production plant under construction in Calimera (LE), of the areas and the related building under construction and the environmental authorizations.

The extension, in accordance with the preliminary contract, was decided due to the non-fulfilment of the condition precedent of successful completion of the obligations for the inclusion of the transaction in the Recovery and Relaunch Plan of algoWatt.

 

algoWatt (ALW), greentech solutions company, designs, develops and integrates solutions for energy and natural resource management in a sustainable and socially responsible manner. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility. algoWatt is the result of the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an ICT solutions provider with over 40 years of experience for customers operating in the energy, industry and transport sectors. The company, with more than 200 employees located in 7 locations in Italy and investments in research and innovation for more than 12% of turnover, operates with an efficient corporate organization, focused on the following markets: Green Energy Utility: renewable energy, digital energy, smart grids; Green Enterprise&City: IoT, data analysis, energy efficiency, building and process automation; Green Mobility: electric, shared and on demand. Different markets, a single focus: sustainability. algoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..

19Mar 2020
  • The consortium led by the greentech company obtained a total financing of Euro 1.6 million, of which Euro 0.5 million as a share of algoWatt
  • An innovative IaaS (Infrastructure-as-a-Service) solution will be developed for the operation and optimisation of clusters of distributed energy resources for the provision of ancillary services to the electricity grid

 

Italeaf announces that the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA), will coordinate a new project on aggregators for the management of multiple production and consumption units, of Virtual Power Plant, able to provide both demand modulation (Demand Response) and balancing services.

algoWatt has, in fact, been awarded, as coordinator, funding under Action 1.1.5 of Por Fesr Sicilia 2014-2020 “Support to the technological advancement of enterprises through the financing of pilot lines and early product validation and large-scale demonstration actions”. The project, called PASCAL “Enabling Platform for Commercial Services for the Aggregated Management of resources in the eLettrico system”, has obtained a total funding from the Sicily Region from EU funds of about Euro 1.6 million, of which Euro 0.5 million as part of the activities carried out by the same algoWatt.

Thanks to the project it will be possible to pursue the development and validation of an innovative IaaS (Infrastructure-as-a-Service) approach for the operation and optimization of clusters of distributed energy resources for the provision of auxiliary services to the electricity grid. The approach is, therefore, fully within the paradigm of smart grids that exploit information technologies and telecommunications and focus on distributed intelligence to ensure greater flexibility and improvement in the management of the electricity grid.

The partners of the project, in addition to algoWatt, are Col Giovanni Paolo S.p.A., specialized in the realization of equipment for the electrical system, the innovative startup Sfera S.r.l., which offers services for the management of highly reliable and distributed grid infrastructures, and the Cometa Consortium, active in the ICT sector and, in particular, in high performance computing, such as HPC, Grid, Cloud and GPU Computing, which includes the Universities of Catania, Messina and Palermo, the National Institute of Astrophysics (INAF), the National Institute of Nuclear Physics (INFN), the National Institute of Geophysics and Volcanology (INGV) and the S.C.I.R.E. Consortium.

 

algoWatt (ALW), greentech solutions company, designs, develops and integrates solutions for energy and natural resource management in a sustainable and socially responsible manner. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility. algoWatt is the result of the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an ICT solutions provider with over 40 years of experience for customers operating in the energy, industry and transport sectors. The company, with more than 200 employees located in 7 locations in Italy and investments in research and innovation for more than 12% of turnover, operates with an efficient corporate organization, focused on the following markets: Green Energy Utility: renewable energy, digital energy, smart grids; Green Enterprise&City: IoT, data analysis, energy efficiency, building and process automation; Green Mobility: electric, shared and on demand. Different markets, a single focus: sustainability. algoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..

 

09Mar 2020

Italeaf SpA announces that today the resolution voted unanimously by the TerniEnergia Extraordinary Shareholders’ Meeting held on 2 March 2020, concerning the amendments to the Bylaws relating to the change of the company name and the transfer of the registered office, has been registered with the competent Company Register in Milan.

As a result of the above, the new company name “algoWatt S.p.A.” takes effect.

The relevant minutes of the Shareholders’ Meeting, the new Articles of Association (with evidence of the changes made) and the regulations of the bond listed on ExtraMOT Pro containing the new name of the bond loan will be made available in the manner and within the time limits provided for by the applicable regulations.

algoWatt (ALW), greentech solutions company, designs, develops and integrates solutions for energy and natural resource management in a sustainable and socially responsible manner. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility. algoWatt is the result of the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an ICT solutions provider with over 40 years of experience for customers operating in the energy, industry and transport sectors. The company, with more than 200 employees located in 7 locations in Italy and investments in research and innovation for more than 12% of turnover, operates with an efficient corporate organization, focused on the following markets: Green Energy Utility: renewable energy, digital energy, smart grids; Green Enterprise&City: IoT, data analysis, energy efficiency, building and process automation; Green Mobility: electric, shared and on demand. Different markets, a single focus: sustainability. algoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..

05Mar 2020
  • The company focuses for approximately 90% on digital solutions for sustainable economy through a new business model based on as-a-service software and for the remaining 10% on O&M activities for renewable energy plants
  • Through the 3 Business Units, it focuses on the urban energy, sustainable mobility and resilience of energy grids with high growth potential and aggregate revenues of more than Euro 20 million in 2018
  • With more than 40 years of experience in the IT sector and investments in R&I of more than 10% of the turnover, it has a research and innovation centre with a significant track record and know-how in the fields of reference

 

Italeaf, holding company and first Italian company builder, active in the cleantech and smart innovation sectors, listed on Nasdaq First North Growth Market, announces that:

algoWatt, GreenTech Company listed on the Italian Stock Exchange (MTA), operating in the design, development and integration of solutions for sustainable and socially responsible management of energy and natural resources, following the merger between TerniEnergia and Softeco, presents the new business model that focuses on digital solutions for sustainable economy and digital transformation and based mainly on as-a-service solutions.

The new core business is characterized by activities with higher added value and a streamlined and scalable organizational structure, reducing the capital intensive activities typical of utilities operating in the energy sector. The breakdown of the company’s activities will be divided for approximately 90% into software design and development, products and solutions for the energy, utility and mobility sectors and for the remaining part into O&M activities for renewable energy plants.

 “Today’s is the kick-off of the new company – states the Chairman of algoWatt, Stefano NeriWe have simplified the Group’s corporate structure, concentrating the main industrial activities in a single company, thus preparing to pursue the growth of new businesses in the digital sector. With the acquisition and integration of Softeco, which culminated with the merger, algoWatt proposes itself as a new dynamic and innovative reality, with new technological infrastructures and highly specialized professionalism. GreenTech Company’s new identity reflects our desire to play an important role in sectors with higher added value, to create value through the technological content of the business and to position ourselves in areas with higher growth prospects.  In conclusion, it is a resilient path that follows the changes in the scenario of industrial sectors and the whole concept of sustainability”.  

 

Focus on sustainability and new development potential

algoWatt proposes itself as a partner in the research and implementation of solutions for the sustainable and socially responsible management of energy and natural resources, generating competitive advantages for the reference sectors. The structure of the new company aims at cash generation in the technology segment following the evolution of the market and focusing on sectors with high potential. In particular, with reference to “urban energy” and “electric mobility”, both also characterized by a strong commitment to climate change issues.

Territorial needs for smart mobility and strategic technologies applied to smart cities are increasing exponentially. – declares the General Manager of algoWatt, Massimo MannoriThe aggregate expected growth rates of investment in infrastructure and platforms for urban energy and e-mobility management by 2030 are all double-digit. In Europe, within ten years, about 6 million electric or hybrid vehicles will be sold, while the greenhouse gas reduction targets require continental investments of about 10,000 billion Euros in the same period. Smart metering and smart energy grow with CAGR above 20%. The energy sector is crucial for Italy’s transition to a green economy, integrating transport and mobility in this process, precisely through green technological innovation. The role of algoWatt will be that of solution integrator and provider of proprietary technologies, hardware and software, able to enable new concepts of energy efficiency in production and residential areas. Similarly, we will work with all actors in sustainable mobility to build integrated and on-demand digital service platforms to provide a better and greener travel experience. algoWatt will also continue to be a privileged technology partner of the energy sector in the transition to the expected surge in distributed and non-programmable renewable generation and a technology enabler for all emerging and as yet unforeseeable energy uses”.

 

Technological innovation, R&I

With more than 40 years of experience in the IT and Digital sector, more than 100 customers, 7 offices in Italy, more than 200 employees, algoWatt has a Research & Innovation centre that aims to maintain technological excellence in order to propose innovative solutions and develop new products to access markets with higher development rates. Since the 1990s it has coordinated more than 25 European projects, 10 of which in the H2020 field, and has generated a network with more than 1000 partnerships with universities and research institutes for more than 100 projects.

 

3 business units: Green Energy Utility, Green Enterprise & City, Green Mobility

algoWatt is structured into the following 3 business units:

  • Green Energy Utility: proposes an IT offer dedicated to the Energy sector, covering all the needs of the value chain, from distributed and renewable generation to demand response. It includes flexible solutions for the monitoring and control of plants from renewable sources, including predictive maintenance, control and defence systems of the national transmission and distribution grids, systems for the design and production of remote control equipment of the National Transmission Grid, tools for the management of all aspects of electricity and gas supply and sale.;
  • Green Enterprise & City: is aimed at the enterprise and smart city market with services and tools for diagnostics and remote control of large electrified transport infrastructures (railways, including high-speed railways, and subways), remote control of plants and buildings, management and monitoring systems of environmental plants (waste and water treatment), solutions for energy efficiency of energy-eating industrial plants, implementation and management of microgrid and storage systems;
  • Green Mobility: is focused on the new urban mobility sector with software and platforms for fleet management, combined and intermodal mobility systems, management, design, installation and support to the operation of charging infrastructure for electric vehicles, system integration for port boarding services, monitoring and management of road safety and critical infrastructure (bridges, road sections, etc.).

 

The change of brand name to algoWatt – explains Laura Bizzarri, Managing Director of the company – embraces the historical identity of the two companies that participated in the merger, but looks to the future from an international and innovative point of view. By combining the algorithm to symbolize digitization, and the Watt to recall electrification, we have outlined the identity of One Smart Company, which uses exponential technologies to reinvent its business model and open up markets related to sustainability and social impact issues. Where we maintain a backlog of industrial activities or expertise, for example in O&M and Energy Efficiency, we are introducing substantial innovation content, such as predictive maintenance work on plants or automated activities thanks to IoT, which enables better planning of actions and cost reduction. The organizational form we have given ourselves is able to quickly manage change and pursue continuous innovation. We are reducing owned assets as much as possible in order to accelerate the possibility of replicating the business and exporting it to markets not yet reached, keeping the structure lean and light. Finally, we set ourselves the goal of revolutionizing the business model: products are transformed into services and services into ecosystems”.

 

Action plan of the relaunch plan 2022

The 2022 relaunch plan is articulated through the following “actions”:

  • Programme for the disposal of the assets (photovoltaic and environmental), which involves a financial benefit also as a result of the buyers taking over the debt related to the plants;
  • Merger by incorporation of Softeco Sismat into TerniEnergia, which allows the strategic control of the Green Tech Solutions sector;
  • Integration of digital technologies in the traditional businesses of TerniEnergia, with reference to energy efficiency and maintenance of renewable energy plants (predictive O&M).
  • Simplification of the Group structure and Financial Agreement, which provides for debt rescheduling and rescheduling.

 

algoWatt (ALW), greentech solutions company, designs, develops and integrates solutions for energy and natural resource management in a sustainable and socially responsible manner. The Company provides management and control systems that integrate devices, networks, software and services with a clear sector focus: digital energy and utilities, smart cities & enterprises and green mobility. algoWatt is the result of the merger of TerniEnergia, a leading company in the renewable energy and environmental industry, and Softeco, an ICT solutions provider with over 40 years of experience for customers operating in the energy, industry and transport sectors. The company, with more than 200 employees located in 7 locations in Italy and investments in research and innovation for more than 12% of turnover, operates with an efficient corporate organization, focused on the following markets: Green Energy Utility: renewable energy, digital energy, smart grids; Green Enterprise&City: IoT, data analysis, energy efficiency, building and process automation; Green Mobility: electric, shared and on demand. Different markets, a single focus: sustainability. algoWatt is listed on the Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A..