Lucos Alternative Energies S.p.A., active in the field of energy services and controlled by TerniEnergia S.p.A., a company listed on Star Segment of Borsa Italiana, and Cofely Italia S.p.A., an industrial company leader in Italy and Europe in the energy field and technology multi-services part of the branch “Servizi Energia” of the Group GDF SUEZ, signed a Memorandum of Undestanding for the development of projects and business relationship in energy efficiency field in Italy.
Notably, the partnership, which will be in force until December 31st, 2014, provides for the identification of projects to be carried out with and in favour of private customer (such as industries, distribution companies, logistics, ect.) or public customer aimed to reduce primary energy consumption, such as but not limited to:
· Actions on electrical equipment (replacement of electric motors and installation of inverters on electric motors, installation of efficient lamps, e.g. high-pressure sodium sources, LEDs, etc.., Installation of lighting control systems, control and automatic shut-off devices, applications, power factor correction);
· special equipment (use of solar collectors for domestic hot water production, construction of cogeneration plants, micro-cogeneration, trigeneration, construction of plants for the production of energy from renewable sources, e.g. Solar thermal and photovoltaic, biomass, etc.., and district heating systems;
· Actions on mechanical equipment (electricity recovery from natural gas decompression, installation of electric heat pumps for hot water production, energy efficiency improvement in processes for heating, construction of plants to improve efficiency of the industrial production cycles, e.g., gas recovery plant, etc.., installation of external air conditioners with high efficiency, replacement of electric water heater with gas one with high efficiency;
· Actions on the building envelope (insulation of walls and roofs, replacing of single glazing with glazing with low transmittance and low emissivity, solar control glass selective screening etc..).
· multi-annual management of energy plants of public or private customers, whose duration will be agreed from time to time.
Projects will be performed as follows:
· “Third-party financing”: Cofely and Lucos perform the investment for design and construction of the plant, assuming its management and ensuring energy savings, which will be shared with the customer;
· Action on realization of “turnkey solution” or “EPC” and “O&M” service (Engineering, Procurement and Construction, Operations and Maintenance): The customer makes the investment, entrusting Cofely and Lucos for design activities related to service, purchase of materials and execution of works, management and maintenance on the plant.
The Memorandum of understanding provides that Cofely and Lucos will agree from time to time on practical arrangements for implementation of projects, including the opportunity to create corporate vehicles ad hoc specifically for each initiative, and the retrieval of necessary financial resources – equity and debt – determinating the distribution of tasks and resources, the use of resources, and the regulation of relations ith related parties, according to the characteristics of projects and identified customers..
Stefano Neri, Chairman and CEO of the company TerniEnergia stated:
“With this partnership, the existing expertise will complement one another in energy efficiency of industrial scale, creating a strategic alliance that meets the needs of the market. Lucos and Cofely will operate in a coordinated manner, being able to freely choose the best solutions without technological constraints, to achieve the objectives 20-20-20 placed by the European Union in the most effective way. The partnership will also allow the use in industry and government sector of innovative methods, which rely on the experience, established by both companies and by TerniEnergia in their respective action fields. The agreement aims to encourage the birth of a new Industrial Energy Saving model in Italy, taking advantage and opportunities in timely manner offered by the national context and by the recent legislation aimed at promoting energy efficiency”.
Lucos Alternative Energies, with a specialized sales network and focused on key regions of central and northern Italy and with a dedicated engineering structure, is active (directly and through its subsidiaries) in the field of energy efficiency through public and private counterparts through the provision of services Energy Saving Company (ESCO) and it is controlled by TerniEnergia In the field of energy efficiency, Lucos Alternative Energies has developed, among others, Energy saving measures in public light in several italian municipalities and created covenants and partnerships with operators and suppliers of the sector to access selected projects and public and private medium-large call for bids. The company has also developed a specific know-how and a “pipeline” of replicable projects.
Cofely is the new brand of energy services, part of GDF SUEZ. In Italy, the merger of Cofathec and Elyo Italia gave birth from December 1st, 2009 to Cofely Italia, number one of energy services in Italy. Cofely designs, develops and manages solutions that allow companies and communities to use energy more effectively reducing their environmental impact. The
Company is specialized in energy and environmental efficiency. Cofely commitment in the time is:
· Improving energy and environmental performance of buildings;
· production, management and distribution of local and renewable energy;
· integration of services
In Italy, Cofely has 2,600 employees and 50 offices throughout the territory. Cofely is part of GDF SUEZ Energy Services, European leader in multi-service technology, with a turnover of 14 billion Euros in 2008 and 80,000 employees. GDF SUEZ Energy Services is one of six business lines of GDF SUEZ, a worldwide leader in energy sector.
