algoWatt

• Turnkey” and “zero cost” interventions will be carried out for the customers
• Focus on the establishment of renewable energy communities and collective self-consumption projects

algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) part of Italeaf Group, announces the launch of the activity of General Contractor for the restructuring and energy efficiency upgrades with the formula of the Superbonus and Sismabonus of 110%, as provided by the italian Relaunch Decree.

In particular, algoWatt will operate as a promoter of the requalification operation, having structured – with special framework agreements and contractual commitments – an operational network of specialists, firms, installers and financial and insurance partners and will coordinate the necessary factors for the realization of the intervention, guaranteeing a “turnkey” service.

As General Contractor and with a committed internal team, the company will be the sole point of contact for the customer and will directly follow the entire cycle of interventions: from the initial consulting service, related to the feasibility of energy efficiency upgrades and the choice of products and services, to the time schedule of the works, from budget management to the management of the site, up to the relationship with suppliers and the handling of all bureaucratic requirements, without burdening customers.

algoWatt will directly address to the property managers and to the other subjects involved by the Decree, operating mainly with the formula of “zero cost for the customer”, acquiring the fiscal advantage thanks to the credit transfer instrument, but in case of particular needs it will carry out renovations also with the co-investment formula of the customer, where the project foresees interventions co-financed with Ecobonus (50%, 65%, etc.) or other facilitative formulas. algoWatt, as General Contractor, acquired the customer’s tax deductions and converted into a tax credit for a corresponding amount, will access the right of subsequent transfer to financial, credit or insurance institutions, certifying that it meets all legal requirements (improvement of two energy classes, or seismic improvement, fairness of costs and compliance with minimum requirements, asseveration of the intervention and compliance visa).

The company’s expertise in the energy sector will also be crucial to promote projects of self-consumption, even collective, of the energy produced by the establishment of the so-called “renewable energy communities”, with the aim of improving energy efficiency and protecting the environment, reducing the use of fossil fuels. The Superbonus is also recognised for the construction of energy communities up to 200 kW. The benefits extended by the re-launch decree can also be accessed by condominiums that will form an energy community, obtaining the benefits of dedicated withdrawal of energy fed into the grid in addition to receiving discounts applicable on the components of the bill.

Stefano Neri, Chairman and CEO of algoWatt, stated as follows:

“We are entering into the segment of energy and seismic upgrading of real estate assets with the confidence that the measures envisaged by the Superbonus can be a driving force in terms of turnover and therefore margins for the Group. We bring to this new business a remarkable track record coming from the two companies that merged to create algoWatt. TerniEnergia has more than 400 MW of photovoltaic plants installed, the construction of the first Italian energy island equipped with storage systems, a consolidated ESCO activity and considerable experience on site; Softeco Sismat provides its technological skills and digital products for the building management, remote control and the emerging Energy Communities. We have structured a complete operational proposal, enhancing the ability to network with complementary partners and companies, considering that energy interventions such as the installation of solar systems or the implementation of digital solutions for energy efficiency need to be associated with other types of building works, such as the realization of the thermal coat or the works foreseen by the Sismabonus. Finally, algoWatt – with its identity as a greentech solutions company for the sustainable economy – intends to take up the challenge of the New Green Deal and actively participate in stimulating the recovery of our economy. By assuming the role of General Contractor in an emerging industry, thanks to fiscal benefits that we hope will become structural as announced by the Government, our Company will be able to fully exploit those skills aimed at pursuing the objectives of improving efficiency, reducing consumption and reducing environmental impact, becoming one of the industrial players in the implementation phase of incentives and fiscal measures such as Eco, Sismabonus and Superbonus“.

Italeaf SpA, holding company, announces that the Board of Directors of the subsidiary algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA), has started the necessary discussions with the creditors to remodulate and update the certified Recovery and Relaunch Plan and the related Financial Agreement necessary to allow a realignment of the package with respect to the revision of the business model and, as communicated on April 21, 2020, to acquire a complete information framework in light of the impacts of the COVID-19.

To this end, it is recalled that on September 30, 2019 the financial agreement entered into, inter alia, between the former TerniEnergia S.p.A. (the “Company”) and its creditor banks (the “Financial Agreement”), in execution of the Recovery and Relaunch Plan drawn up pursuant to art. 67, third paragraph, letter d) of the bankruptcy law (the “Recovery and Relaunch Plan”), the final version of which was approved by the Board of Directors on August 7, 2019 (for a description of the main terms and conditions of this Recovery Plan, please refer to the press release published on June 27, 2019).

Considering the progress of this process – of which the market is and will be regularly informed – and the importance of the outcome of the above mentioned discussions, aimed at updating the Plan and reshaping the Financial Agreement, the Board of Directors has, therefore, deemed it appropriate to postpone any decision regarding the approval of the draft financial statements and the consolidated financial statements as at 31 December 2019, as well as the half-yearly financial report as at 30 June 2020, to a subsequent date, in order to be able to fully take into account, in approving these financial data, the impacts resulting from the above mentioned discussions.

The exact date of the Board meeting for the approval of the 2019 financial statements and the 2020 half-yearly report and for the call of the Shareholders’ Meeting will be decided by the Board of Directors within the last ten days of October 2020 and communicated to the market with a subsequent press release, in accordance with the applicable provisions.

• Developed with the contribution of the internal R&D department two systems based on artificial intelligence for the optimization of production flows and predictive modelling of landfills
• The two automated systems were implemented in a biodigester treatment plant in Umbria and in the Monte Scarpino (GE) landfill

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 completed the in-house design and development of innovative software solutions based on artificial intelligence (AI) and predictive models applied to the management of waste management and smart environmental plants, which will be marketed under the umbrella brand “AI Green“.

The new AI system for the management of biodigesters, both for organic fraction of waste treatment and for agricultural-zootechnical biomass fed and called AI Green Digesto, has been developed using the data and production parameters of a plant in operation at Nera Montoro (TR) in Umbria. The AI Green Digesto system of algoWatt is a decision support tool for the plant operator, to make decisions with high efficiency content and with the awareness of the final effect, thanks to simulations and scenarios developed by cognitive computing and machine learning solutions.

The AI Green Dump solution has been developed for landfill monitoring by acquisition of chemical and physical parameters, both in real time and from external sources (laboratory analysis, ARPA reports), for predictive leachate modeling downstream of hydrological and weather stress in landfills. As far as the weather is concerned, the system acquires the alert levels issued by CMIR ARPAL.

The innovative artificial intelligence solution has been adopted in the Monte Scarpino landfill (Genoa, the highest in Italy). The solution allows the plant’s security systems to be activated 72 hours in advance to minimize environmental risks. Moreover, thanks to the machine learning systems, AiGreen Dump is able to improve the prediction of operational scenarios and plant management through the analysis and processing of historical data.

“In the last 2 years we have completed the transformation of algoWatt into a greentech company that offers solutions for the management of energy and natural resources, with constant attention to investments in research and development – says the Chairman and CEO of algoWatt, Stefano Neri – The systems implemented in waste treatment plants in Umbria and Liguria have produced two successful cases, which show how artificial intelligence systems make an important technological contribution to better manage operational efficiency and reduce environmental risk, preserving the territory from potential contamination. Thanks to these systems, algoWatt is able to offer the public and private sectors innovative and cutting-edge platforms that are fully eco-sustainable”.

• 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.

• 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

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.

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.

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.

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..

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..