algoWatt SpA, GreenTech Solutions Company listed on the Euronext Milan market of Borsa Italiana, as part of the activities of the Green Enterprise & City market, in which the company operates as a provider of solutions for energy efficiency, self-consumption, system integration between systems and hardware components and management software platforms, was awarded two orders for a total value of approximately Euro 440 thousand, relating to the construction of utility scale photovoltaic plants with a total power of 1.05 MWp without supplying the 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, companies, public administration, non-profit and welfare organizations, and is ESCo certified. pursuant to the UNI CEI 11352 standard.
The General Manager of algoWatt, Idilio Ciuffarella , declared: The contracts acquired represent the concrete demonstration of the execution of the new industrial plan of algoWatt and of the strategic levers that aim to relaunch high-tech skills in the renewable energy sector. In fact, the plan envisages using the subsidiary TerniEnergia Progetti for co-development and EPC activities for utility scale plants of less than 4MW. These new activities will make it possible to offer a complete partnership to IREN Smart Solutions, alongside the supply of energy services and digitalization ".
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 contract provides for the turnkey supply activity without supplying photovoltaic modules for on-site self-consumption, with a consequent reduction in the withdrawal of energy from the grid and a reduction in the energy dependence of the two customers.