Latest News

Latest News

03Aug 2017
  • The digital company of TerniEnergia Group will take part in the WInSiC4AP project for a total value of Euro 6.4 million with CNR, ST Microelectronics and Enel Distribuzione

 Italeaf, financial holding Company and first Italian Company Builder, active in cleantech and smart innovation, listed on Nasdaq First North, announces that Softeco Sismat, a subsidiary of TerniEnergia, will be among the partners in the research project WInSiC4AP (Wide band gap Innovative SiC for Advanced Power) granted by European Union in the framework of the H2020 funds dedicated to the research program of the ECSEL Joint Undertaking, the European public-private partnership for the development of new generation microelectronics components and systems.

The project will receive a total EU grant of 6.4 million Euro, involving the collaboration of 24 organisations from 5 European countries, including major research centres and industries such as, among others, CNR, ST Microelectrinocs, Valeo and ENEL Distribuzione.

The goal of WInSiC4AP is to investigate, develop and validate new components for high efficiency, reliable and cost-effective power electronics applications, which can be applied to innovative solutions in several EU strategic sectors including automotive, railway transportation, energy and aero-space.  Softeco will be contributing to the development, demonstration and experimental validation of advanced software systems for the management and control of a new type of inverter and for energy optimisation and intelligent management.

press-release_tesoft_03-08-2017

24Jul 2017

Italeaf, financial holding Company and first Italian Company Builder, active in cleantech and smart innovation, listed on Nasdaq First North, announce that the Company has received from Nasdaq an exemption from the rules to publish its half-yearly report within two months. As a consequence of this authorization, the Board Meeting for the approval of the half-year financial report, previously scheduled between July 31 and August 4, will be held on September 29, 2017. In the same date the half-yearly report will be published.

The Company notes that the delay is determined by the decision taken by TerniEnergia, the main company of the Italeaf Group, to use the faculty under Italian law to approve its half-yearly financial report on 28 September 2017, within three months of the end of the period. Italeaf notes that this decision was taken by TerniEnergiain consequence that on June 1, 2017, the Board of TerniEnergia S.p.A. has conferred wide management powers to eng. Piero Manzoni. The newly elected CEO has the target to develop a new Industrial Plan aimed at enhancing the Group’s technological strengths. On May 2, 2017, the Shareholders’ Meeting also assigned the mandate for the statutory audit of the consolidated and separate financial statements and for the consolidated half-yearly report of TerniEnergia SpA to the company EY SpA, for the years 2017 to 2025. Finally, on July 7, 2017, the Board of TerniEnergia conferred a mandate to a Financial Primary Advisor to assist the Company in preparing the new Industrial Plan and to verify the possible ways for a financial consolidation.

Taking note of these circumstances, Italeaf considered appropriate to postpone the approval of the half-yearly financial report as outlined above, in order to be able to estimate the half-year results and the prospective elements of TerniEnergia’s new Industrial Plan.

press-release_evsoc_24-07-2017

20Jul 2017
  • The agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni (A.T.P.) has foreseen the acquisition by the engineering company of 50% of the share capital of the SPV recently established by TerniEnergia, through the contribution of the business branch of the groundwater and liquid waste treatment
  • The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by July 2019 for Euro 1.94 million

 

TerniEnergia, a company listed on the Star segment of Borsa Italiana and part of the Italeaf Group, has signed an agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni Srl (A.T.P.), based in Rome, for the transfer of 50% of the shares held by TerniEnergia in Purify Srl, owner of groundwater and liquid waste treatment plants.

The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by June 30, 2019 for Euro 1.94 million.

The signed agreement provides for the pledge in favor of TerniEnergia on the shares of Purify Srl acquired by A.T.P., to guarantee the payment of the agreed price.

The transfer of the SPV Purify’s shares was subject to a decision on the failure to subscribe to certain ancillary agreements (with ATP and Saceccav, as a contractor for the construction of a liquid waste treatment plant) by last July 15, 2017. The non-fulfillment of this condition has produced the effect of definitively confirm the assignment.

The establishment of Purify Srl and the transfer of 50% of the same SPV to a technology partner as A.T.P. Srl, a company with a consistent track record in the design and construction of water treatment plants, will allow to conclude within the first months of 2018 the construction of the liquid waste treatment plant in Nera Montoro (TR) for a total capacity Of 58,000 cubic meters per year, and to start production phase.

The transaction responds to the TerniEnergia Group’s environmental strategy – stated the CEO of TerniEnergia, eng. Piero Manzoni – which aims to strengthen the industrial management of marginal resource recovery plants, including the strengthening of partnerships and alliances with international investors in the green sector and circular economy sectors”.

The involvement in the construction and in the next phase of managing of a complex and articulated plant like that of Nera Montoro – said the CEO of A.T.P., eng. Pierluigi Ruopoli – represents, for A.T.P. a relevant opportunity, especially in the valorization and refinement of our skills”.

 

 

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 400 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 (Softeco Sismat, Selesoft, Greenled Industry,GreenAsm, Wisave, Ant Energy), 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-pur-2017-07-20

30Jun 2017

Italeaf announces that, with reference to the transcation of capital increase to be offered to the shareholders according  to the articles 2438, 2439 e 2441 of the Civil Code, resolved by the General Shareholders’ Meeting of Numanova SpA 23 June 2017, the first tranche of n. 250,000 ordinary shares was issued at a price of 1 Euro, and was fully subscribed by Italeaf.

The new share capital of Numanova, following the subscription, amounts to Euro 3,250,000.

Numanova is a company active in the production of high quality metal powders from ferrous and not ferrous metal alloys for the additive manufacturing industry and the more advanced applications in areas such as aerospace, energy, mechanical, biomedical.

Numanova currently has 23 shareholders; the company’s shareholder structure is as follows: Italeaf S.p.A. 85.58%, Paolo Folgarait 6.19%, other shareholders 8.23%.

press-release_cos_num-2017-06-30en

23Jun 2017
  • The new Numanova share capital will be of up to Euro 5 million
  • The Capital Increase transaction will be used to support the industrial growth of the Company

The Shareholders’ Meeting of Numanova, part of the Italeaf group, which met in extraordinary session under the chairmanship of Stefano Neri, has unanimously resolved a share capital increase, divisible to be offered to the shareholders, pursuant to the articles 2438, 2439 e 2441 of the Italian Civil Code, of Euro 2 million, through the issue of new n. 2.000.000 shares without nominal value to be subscribed by 20 December 2017.

Upon the completion of the capital increase, that will be used to substain the growth of the productive activities of the company, Numanova will have a share capital of up to Euro 5 million.

Numanova is a company active in the production of high quality metal powders from ferrous and not ferrous metal alloys for the additive manufacturing industry and the more advanced applications in areas such as aerospace, energy, mechanical, biomedical.

Numanova currently has 23 shareholders; the company’s shareholder structure is as follows: Italeaf S.p.A. 85%, Paolo Folgarait 8.5%, other shareholders 6.5%.

press-release_cos_num-2017-06-23en

15Jun 2017
  • Concluded the placement of n. 1.7 million of Italeaf shares (9.92% of the new share capital)
  • Transaction value of Euro 1.7 million, corresponding to a price of placement of the shares of new emission of Euro 1 p.s.
  • The Capital Increase transaction will be used to support the acceleration of new industrial activities and to consolidate the holding business

The Board of Directors of Italeaf, financial holding and first Italian Company Builder, active in cleantech and smart innovation, listed on Nasdaq First North, has resolved today the placement of the Italeaf 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 5 of the Italian Civil Code, approved by the shareholders’ meeting on May 2, 2017 (the ”Capital Increase”).

The newly issued shares were offered for subscription in 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. 100 letters a), b) and c) of the Legislative Decree no. 58/1998 (TUF) and art. 34-ter, paragraph 1 letters a), b) and c) of Consob Issuers Regulation no.11971/99, as amended (the “Private Placement”).

The placement, corresponding to 9.92% of the new share capital, took place through a bookbuilding procedure and has been restricted to qualified investors in Italy and institutional investors abroad (the “Institutional Offering”). The Institutional Offering did not result in a solicitation to investment.

The share capital increase was subscribed and paid by 4 investors for n. 1,700,000 newly issued shares and a counter value of Euro 1.7 million.

The Board of Directors also determined the placement price of the new shares, equal to Euro 1 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 May 2, 2017. Following the subscription of the newly issued shares, the post-increase share capital will be Euro 17,144,000, divided into no. 17,144,000 ordinary shares.

Following the private placement, the direct and indirect shareholding of the Chairman and CEO of the Company, Stefano Neri, was reduced from 53.71% to 48.39% of the share capital.

The transaction is aimed at put the Company in the best capital and financial conditions for increasing and consolidating its position in the holding business, combining its track record in accelerating new industries with the integration of the new digital technologies. The transaction will also increase the visibility of the Italeaf on the NASDAQ First North, enabling the entry into the stock market of qualified investors or industrial entities, also in order to improve and consolidate the corporate strategy of innovation and internationalization.

The financial resources raised by the capital increase will be placed at the service of the industrial development of the Company and will therefore not be aimed at the reduction or the change in the structure of the net financial position.

Italeaf was assisted in the capital increase transaction by SRI Capital Advisers Ltd, headquartered in London, a company specialized in advising and arranging financial transactions, as financial advisor.

press-release_cos_cda-2017-06-15en

01Jun 2017
  • Giulio Gallazzi appointed as Vice-Chairman
  • The Board of Directors implements the Stock Grant Plan 2017-2019

The Board of Directors of TerniEnergia, a company part of the Italeaf Group, met today with Stefano Neri’s chairmanship, has appointed Chief Executive Officer and General Manager, giving him executive powers, eng. Piero Manzoni*, previously elected member of the Board of Directors of the Company by the Shareholders’ Meeting, held on May 2, 2017.

The CEO is therefore responsible for the overall governance of the Company and of the Group with powers of ordinary and extraordinary administration, with the attribution of the Company’s signature and legal representation, with the resolution of the Board of Directors.

The Chairman of TerniEnergia, Mr Stefano Neri, on behalf of all the members of the Board of Directors, expressed his appreciation for the appointment of Mr Manzoni, underlining “the importance of choosing an Italian manager with extensive international experience, high skills in the industrial energy field and a very important story in the management of complex realities, engaged in processes of transformation and growth of their business. We are confident that eng. Manzoni will drive TerniEnergia in a new development season, into high-tech contexts, reinforcing the internationalization process already undertaken and completing the integration process with new digital business, as smart energy, smart grids and smart cities”.

Piero Manzoni expressed his satisfaction for being part of the TerniEnergia Group, adding that “today the Company is called to a global challenging scenario: to prove and to bring worldwide its new skills and innovative solutions by on core competencies, at a stage of great transformation of the energy sector. Our main target will be focused on the development of an industrial plan that will maximize the Group’s technological strengths, especially considering the new “smart” evolution in both the energy and Industry 4.0 applications.. It is a challenging but, at the same time, compelling challenge: to create an industrial platform ready to be placed at the forefront of the competitive context of the energy and the Internet of Things revolution and fit to attract new investors into a renewed company focused on the development of innovative technologies”.

The Board then appointed the director Mr Giulio Gallazzi, who was elected by the Shareholders’ Meeting of the Company held on May 2, 2017, as Vice-Chairman of TerniEnergia.

As implementation of the resolution by which the Shareholders’ Meeting approved the adoption of a free allocation plan for ordinary shares (the “Stock Grant 2017-2019 Plan” – the “Plan”) on 2 May 2017, the Board of Directors of TerniEnergia SpA (The “Company”) approved the Rules of the Stock Grant Plan 2017-2019 and deliberated, following the favorable opinion of the Remuneration Committee: (i) to start the implementation of the Plan, taking the necessary measures to implement the Plan in accordance with the provisions of the relevant Rules; (ii) to assign to the newly elected CEO and General Manager eng. Piero Manzoni a maximum of no. 2,119,030 rights for the free allocation of an equal number of shares of the Company, under the terms and conditions set out in the Plan’s Rules and in the relevant assignment letter, subject to the achievement of the performance targets and the conditions laid down therein.

The adoption of the Plan is aimed at fostering the loyalty of the directors and employees of the Company and its subsidiaries, who occupy the most important positions and therefore are more directly responsible for the Company’s results, encouraging them to remain in the Group in a perspective, inter alia, to align the interests of the beneficiaries of the 2017-19 Stock Grant Plan with the pursuit of the priority target of creating value for shareholders, of a medium to longer-term horizon.

For a brief description of the reasons for the adoption of the Plan and its essential elements please refer to the press release of March 24, 2017, issued pursuant to art. 84-bis, paragraph 3, of the Regulation adopted by Consob with resolution no. 11971 of 14 May 1999 (the “Issuers Regulations”) and the Information Document prepared in accordance with Article 84-bis of the Issuers’ Regulations, both available on the Company’s website.

 

* Brief curriculum vitae of eng. Piero Manzoni

Piero Manzoni was born in Bergamo on 8 October 1962, previously worked in the Schneider Group (formerly Marlin Gerin) and from 1994 to 2001 he held several senior positions within ABB Group, Siemens Italia and he was Chief Executive Officer of Atel Energia SpA (today Alpiq). He was CEO of Falck Renewables SpA and Falck Energy SpA, CEO and General Manager of Falck SpA, Chairman of Falck Renewables Wind Ltd. He is currently CEO of Neorurale SpA, Chairman of MenoEnergia and Chairman of Acqua&Sole. Piero Manzoni holds a Bachelor of Mechanical Engineering from the Politecnico di Milano and a Master of Business Administration degree.

 

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 450 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 (Softeco Sismat, Selesoft, Greenled Industry,GreenAsm, Wisave, Ant Energy), 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-cda-2017-06-01

22May 2017
  • In the plan update: strengthening of the holding business resulting in reorganization of the operating structure, increasing of value creation from the investee companies, risk reduction through diversification of asset allocation and increasing of the investment turnover in companies, improving the real estate return, increased investment capacity through the “Club Deal” formula (concerted transactions between Italeaf and other shareholders), transfer of the strategic headquarter to Milan (close to market)
  • Confirmed the target ratios PFN/Shareholders’ equity lower than or equal to 0.8x and IRRs by each exit higher than or equal to 30%
  • Value creation target: NAV per share equal to or higher than the index Ftse Italia Small Cap

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has approved the update of the Strategic Development Plan 2015-2017 “Increase the value creation focusing on holding activity”.

The presentation slides of the plan are available on the company’s website at www.italeaf.com.

 

The Chairman and CEO of Italeaf, Mr Stefano Neri, stated:

The revision and updating of the Strategic Development Plan coincides with my appointment as CEO, for the first time in the history of our holding. I intend to put my commitment, my skills and my experience in the service of this exciting, new phase. In the three-year period 2015-2017, net of depreciations of non-strategic equity investments in two banks, the targets have been achieved. In the Plan update, our founding idea is confirmed in its goodness and validity, with a necessary evolution in the direction of growth, also due to the remarkable experiences gained and the overall context. The introduction in the national context of instruments such as PIRs, which give undue tax advantages to investors, will contribute to channeling savings towards the real economy and, in particular, to SMEs. We will therefore move to promote the creation of a platform for investment in innovative industrial initiatives, strengthening the identity of a dynamic operator in the investment sector towards SMEs of excellence with high growth prospects. To this end, we intend to boost the investment turnover process by favoring the exit process, including through the entry of new majority shareholders or investors, denying to Italeaf a conglomerate destiny that would slow down the development dynamics”.

 

“INCREASE THE VALUE CREATION FOCUSING ON HOLDING ACTIVITY”: KEY STRATEGIC LINES

Italeaf aims to consolidate its position as the first Italian independent company builder active in the cleantech and smart innovation sectors, enhancing focus on investment in innovative companies and value-added from equity management.

The updating of the plan “Increase the value creation focusing on holding activity”, therefore, bases its assumptions on a strong core businesss positioning in the direction of operational holding activity. The value creation model through the “Company Building” business is redefined, reducing the risk through the growth of the size of the investee companies. This target will be pursued scaling the stage of venture capital business, ranging from startup to early growth companies. This action will make it possible to resize the weight of the “global service” activity previously provided by Italeaf to the investee companies and subsidiaries, due to focus on the holding mission, resulting in a reorganization of the operating structure through a strong recovery in efficiency and a significant increase in the value of production. This will lead to a contraction in operating costs, which will result in a parallel decrease in service revenues.

Similarly, the target is to increase the return on real estate assets, to be allocated in terms of contribution to equity investment (the “Company Building” model) in industrial initiatives with high growth prospects.

The update of the development plan highlights, on the strategic side, a more pronounced tendency to diversify investment and industrial sectors of interest, with particular reference to cleantech, digital energy, internet of things, additive manufacturing and 3D printing, drones, green chemistry. It will be also intensified the value-generation for Italeaf’s shareholders and return investments through diversified exits (eg M&A, IPO or new majority shareholders or investors), accelerating the turnover process.

Within this target, Italeaf intends to increase its investment capacity and the size of the same through the “Club Deal formula”, giving life to investment or co-founding transactions concerted between Italeaf and some Shareholders and Investors, with a focus on companies or technologies with high growth potential.

In order to foster a relationship with the capital market and the main italian banks, Italeaf intends to transfer its strategic headquarters to Milan (close to market), differentiating the role of the headquarter in Umbria, which will have industrial, productive and operational goals, enhancing its technological vocation.

Confirmed the quantitative targets for the expected IRR for each investment equal to or higher than to 30% and NFP reduction with a NFP/Shareholders’ equity ratio lower than or equal to 0.8x.

To promote a greater visibility for the value creation process, a target for the NAV per share ratio is identified, corresponding to a percentage growth rate equal to or higher than the Ftse Italia Small Cap Index.

The plan provides for a revision of the dividend policy compared to the one announced in the previous strategic development plan, released in 2015. In the future, Italeaf intends to distribute a significant percentage of the value created by the abovementioned exit transactions, compatible with the target to reduce NFP.

From the strategic point of view, Italeaf expects to optimize the financial structure of operational needs, leveraging the value created by the subsidiaries and the startups to make new investments in business with high growth rate, to reward shareholders, to ease relations with the world of credit, to accelerate the development of industrial and commercial activities related to the new technology developed by the newcos or by the investee companies.

press-release_upst-2017-05-22slide

22May 2017
  • Revenues amounted to € 0.92 million (€ 30.1 million for the Italeaf Group consolidated)
  • EBITDA equal to € 0.24 million (€ 3.4 million for the Italeaf Group consolidated)
  • EBIT amounted to € 90 thousand (€ 1.2 million for the Italeaf Group consolidated)
  • EBT equal to € -139 thousand (€ -4 thousand for the Italeaf Group consolidated)
  • Net profit amounted to € 4 thousand (€ 0.27 million for the Italeaf Group consolidated)
  • Shareholders’ Equity amounted to € 27 million (€ 64.2 million for the Italeaf Group consolidated)
  • NFP of € 5 million (€ 108.2 million for the Italeaf Group consolidated)
  • NAV equal to € 32.8 million; NAV per share equal to € 2.12
  • Remodution of the bank debt with MPS, consistent with the PFN Reduction Guidelines

 

The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has approved today the interim report as at 31 March, 2017.

 

Financial highlights*

  As at march, 31 2017 VS march 31, 2016
 
in Euro
Net revenues from sales and services 918,092 -3.2%
EBITDA 243,456 102.7%
EBIT 90,443 395.3%
EBT (Pre-tax result) (139,302) -197.7%
Net profit 4,698 -97.2%
    VS  December, 31 2016
Shareholders’ Equity 27,044,786 Unchanged %
Total net financial position 16,477,989 -3.1%

 

*Separated Interim Report prepared in accordance with accounting principles ITALIAN GAAP

 

The NAV of Italeaf amounted to Euro 32.8 million as at 31 March 2017 (Euro 29.5 million as at December 31, 2016; +11%); NAV per share equal to Euro 2.12. The values reported do not take into account the “holding discount” that had previously been calculated by 20%.

 

The Interim Report as at March 31, 2017 in full version and in English will be published on the Company’s website and on Nasdaq Inpublic.

 

Other resolutions of the Board

The Board of Directors has appointed the chairman Stefano Neri as CEO and confirmed the powers of the executive director Monica Federici. The Board has also verified the existence of independence requirements by Domenico De Marinis.

The Board of Directors of Italeaf, in line with the guidance of progressive reduction of NFP, has also approved an agreement for the bank debt restructuring of about Euro 8 million with Monte dei Paschi di Siena S.p.A., that provides – inter alia – a modification of the technical forms of loan, with the improvement of the economic conditions applied. The agreement provides, in fact, a halving of annual interest expense of approximately Euro 0.4 million for the same loan. From a financial point of view, Italeaf’s commitment will be substantially unchanged from the current situation, taking into account the gradual capital reimbursement.

The current guarantee structure that already attends this loan has been confirmed, and provides for pledge on TerniEnergia shares for a countervalue of about Euro 9 million. The agreement also provides for Italeaf’s commitment to an extraordinary capital repayment equal to 50% of the distributed dividends if the Shareholders’ Meeting decides on the distribution of dividends.

press-release_interep1q-2017-05-22intrep-1

03May 2017

TerniEnergia, smart energy company part of the Italeaf Group, in relation to the press release disseminated today, clarifies that the contract subscribed with an indian company part of Juice Power Group, is referred only to the construction of the first three micro-grid plants for a total installed power of 3.5 MW and a consideration of approximately USD 3 million. The consideration of USD 10 million, previously mentioned, is referred to the entire first phase of a pipeline already defined for a total power installed of approximately 8.5 MW.

The contract, preparatory to the signing of an EPC framework agreement that will cover the successive stages of construction and upgrade of the plants, provides also for the implementation of engineering activities related to three photovoltaic plants with a total installed power of 3.5 MW and for the energy audit activity and the implementation of charging and storage technologies, smart control and management systems, as will be provided for the remaining 5 MW of the same first phase of the aforementioned pipeline.

  

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_india2-2017-05-03