• The contracts on behalf of IREN Smart Solutions, an Esco of the IREN Group, include the construction of turnkey plants, without the supply of panels for a total of 1.05 MWp and a fee of approximately Euro 440,000

algoWattS.p.A., a GreenTech Solutions Company listed on the Euronext Milan market of the Italian Stock Exchange, as part of its activities in the Green Enterprise & City market, in which the company operates as a supplier of solutions for energy efficiency, self-consumption, system integration between plants and hardware components, and management software platforms, has been awarded two orders worth a total of approximately Euro 440,000, relating to the construction of utility-scale photovoltaic plants with a total capacity of 1.05 MWp without the supply of panels. The client of the interventions is IREN Smart Solutions, a company of the Iren Group, which offers integrated solutions for energy efficiency aimed at condominiums, businesses, public administration, non-profit and welfare organisations, and is E.S.Co. certified in accordance with UNI CEI 11352. The General Manager of algoWatt, Idilio Ciuffarella, said: “

The orders acquired represent a concrete demonstration of the execution of algoWatt’s new business plan and the strategic levers that aim to relaunch high-tech skills in the renewable energy field. In fact, the plan is to use the TerniEnergia Progetti subsidiary for co-development and EPC activities for utility-scale plants below 4MW. These new activities will make it possible to offer a complete partnership to IREN Smart Solutions, alongside the provision of energy services and digitisation”. The plants will be installed respectively in Rivara (To), for a capacity of 450 KWp to cover an industrial plant, and in Lombardy, to cover a production plant for a total capacity of 600 KWp. The order envisages the turnkey supply without the supply of photovoltaic modules for the purpose of self-consumption on site, with a consequent reduction of energy withdrawal from the grid and reduction of the energy dependence of the two clients.