AlgoWatt S p A : Launch of General Contractor activities for energy upgrading of buildings with 110% Superbonus

Press Release

Milan, 5 october 2020

algoWatt launches General Contractor activities for energy upgrading of

buildings with 110% Superbonus

• 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), 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 enter into the segment of energy and seismic upgrading of real estate assets with the confidence that the

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Press Release

Milan, 5 october 2020

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".

This press release is available on the Company's website www.algowatt.com

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..

Per informazioni:

Investor Relations	Press Office	Investor & Media Relations
algoWatt SpA	algoWatt SpA	Floriana Vitale, Domenico Gentile
Filippo Calisti (CFO)	Federico Zacaglioni	Via Bigli, 19 - 20121 Milano
Tel. [phone]	Tel. [phone]	Tel. [phone]
[e-mail]	Mobile [phone]	[e-mail]
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