Milan - Borsa Italiana, part of the Euronext Group, today congratulates Energy S.p.A. on its listing on Euronext Growth Milan.
Energy S.p.A. is a leader in the manufacturing of energy storage systems for residential use and large-scale applications. These systems enable the storage, and subsequent release, of energy based on the energy needs of customers.
Energy S.p.A. represents the 14th listing since the beginning of the year on Borsa Italiana's market dedicated to small and medium-sized companies, and it brings the total number of firms currently listed on Euronext Growth Milan to 181.
In the placement phase, Energy S.p.A. raised EUR27.3 million. In the case of the full exercise of the over-allotment option, the total amount raised will be EUR30 million.
Davide Tinazzi, Co-founder and CEO of Energy S.p.A., said: 'Less than 10 years ago we were an innovative start-up, and today the dream of the Stock Exchange comes true, a strategic step for us to consolidate and accelerate the business model towards fully integrated ESS (Energy Storage Systems) production. We are in a rapidly growing, innovative sector and the listing is an opportunity to give Energy an even greater development boost in Italy and abroad, including through acquisitions, to ride the most interesting trends as a recognized first mover.'
About Energy S.p.A. Energy S.p.A, founded in 2013 by Davide Tinazzi, Andrea Taffurelli and Massimiliano Ghirlanda, is a company with its operational headquarters in the province of Padua and is a leader in the manufacturing of energy storage systems, for residential use and large-scale applications. These systems enable the storage, hence, release of energy based on the energy needs of customers. Till now, more than 35,000 systems have been sold and installed by Energy in Italy, for residential, commercial, industrial markets, Utilities and electric mobility. The most important projects implemented include the large facility in Comiso, Sicily, made up of an agrivoltaic system and a photovoltaic field; the large system dedicated to CAAB in Bologna; Smart Grids in numerous municipalities in Sardinia and Lombardy, a Condominium Energy Community in Switzerland where the single hubs exchange energy as needed. The Energy's sales channels include both general electric material distributors and photovoltaic specialists, and the company also works with large European EPCs. The proximity of Energy logistics to the headquarters of the main distributors has given the company a solid partnership with players on the Italian and European market. The Company acquires its components from the main international suppliers, and combines them with proprietary software in systems compliant with European Union standards.
About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around EUR5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe's leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided 'as is' without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext's subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.
CAP-XX LIMITED 
