Energy, Tinazzi: « Improving energy management by 2025 »
Energy Spa, a leading energy company, has faced challenges in its performance due to international uncertainty, particularly in the first half of this year. However, in the next six months, Energy is strategically shifting its focus to the commercial and industrial sectors, as well as dedicated storage systems for large buildings. This approach aims to counteract the residential market slowdown in Europe, caused by a decrease in household investment capacity, rising interest rates, and limited credit accessibility.
Davide Tinazzi, co-founder and CEO of Energy Spa, emphasized the need for a faster shift towards these sectors during the Next Gems event held at the Borsa Italiana headquarters in Milan. Tinazzi stated that this strategy will potentially lead to growth in the second half of the year, compensating for the expected decline in the residential market. To adapt to the current historical period, Energy Spa has accelerated the verticalization of its internal production processes for both hardware and software.
The company recently commenced work on its first in-house battery assembly line, set to be completed by the end of this year. Tinazzi emphasized that this accelerated verticalization also applies to the cloud sector, with an acquisition aimed at providing advanced cloud-based services, integrated with the Internet of Things (IoT).
Efforts to improve energy efficiency are vital components of the broader energy transition discourse, encompassing renewable energy production, energy management, CO2 emissions, and mobility. While Italy already plays a significant role in energy production in Europe, there is still room for improvement in energy management and distribution, particularly within the electricity market.
According to Tinazzi, some of Energy Spa’s European clients have successfully leveraged storage systems to provide restructured and well-compensated services to the grid. This means that an entrepreneur’s investment in both photovoltaics and storage systems can quickly yield returns, as they can provide services to the grid in addition to self-consumption. However, Tinazzi also highlighted that Italy is lagging behind in this field due to a regulatory framework that needs to evolve rapidly. Furthermore, starting from January 1, 2025, the energy market will be liberalized across Europe, potentially allowing competitors from across the continent to provide these services to customers if Italian operators do not take advantage of this deadline.
In conclusion, Energy Spa is proactively adapting its business strategy to navigate the challenging market conditions. By focusing on the commercial and industrial sectors, along with investing in verticalized hardware and software production, the company aims to offset the decline in the residential market. Additionally, they recognize the significance of improving energy management and distribution, as part of the broader energy transition. With the upcoming liberalization of the energy market in Europe, Energy Spa aims to stay ahead of the competition and drive innovation in energy services.
Source: Alliance News