Innovatec

What Innovatec does

Innovatec SpA is an Italy-based, Euronext Growth Milan-listed Clean Tech group that delivers integrated energy efficiency, renewable energy and circular economy services to enterprises, public administration and industrial clients. Its offering is structured as a platform of specialized subsidiaries rather than a single product line: Innovatec Power handles photovoltaic design, installation and maintenance (residential, commercial, industrial); HouseVerde delivers building energy requalification tied to the Super Ecobonus 110% scheme; the Efficienza Energetica e Decarbonizzazione business unit spans biomass boilers, heat pumps, cogeneration/trigeneration, geothermal, agrivoltaic, relamping and renewable energy communities; and Circularity provides a peer-to-peer technology platform for circular economy material exchange. Following the January 2024 acquisition of Ecosavona, Innovatec also operates the largest landfill in Liguria (~2.5M cubic meters authorized capacity) for treatment, recovery and disposal of non-hazardous urban and special waste, with Polyvolt (launched January 2024) extending into PV and electronic device recovery for precious-metal reuse.

The company employs 485 people (as of end-2023), generates an EBITDA of €29M in 2023, and runs a hybrid GTM with enterprise field sales for corporate and public administration clients, a dedicated residential/SMB channel via Innovatec Power, and thought-leadership channels including the annual Osservatorio CleanTech research initiative. Revenue mechanics are quote-based B2B enterprise contracts, project-based installation revenue, professional services for waste recovery, and hardware/installation sales for photovoltaic systems. Recent operating data show 28% YoY reduction in Scope 1+2 emissions, 94% of produced renewable electricity fed to the national grid, 53,000+ tonnes of waste sent to recovery (38% increase), and €60M of planned investment in innovative material-recovery plants, positioning Innovatec to capture EU/Italian regulatory tailwinds (Super Ecobonus, PNRR) while consolidating a vertically integrated waste-to-energy-to-materials value chain.

Name

Innovatec

Legal name

Innovatec SpA

Website

https://innovatec.it

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Innovatec SpA is an Italian Euronext Growth Milan-listed Clean Tech group delivering integrated energy efficiency, renewable energy and circular economy services to enterprises, public administration and industrial clients through subsidiaries covering photovoltaic installation, building requalification, waste management and material recovery.

Ownership category

akta.pro rank

Product category

Clean Tech and Energy Efficiency Services

NAICS

Environmental Consulting Services (541620), Engineering Services (541330), Environmental Consulting Services (54162)

SIC

Sanitary Services (4950), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Energy & Water Efficiency Programs (Corporate Resource Management) (EUAHAJAG)

akta.pro secondary industries

Microgrid, DER & Building Electrification Energy Controls (Solar/Storage/EV Load Orchestration) (BPABAGAJ), Circularity & End-of-Life Technology R&D (PV Recycling Chemistry, Blade Reuse, Design-for-Recycling) (EUAMAOAK), Decommissioning Engineering, Planning & Cost Estimation (Asset Retirement Studies) (EUAMALAL)

Keywords

• Energy efficiency services
• Renewable energy solutions
• Circular economy services
• Building energy retrofit
• Photovoltaic installation services

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Environment and Circular Economy Business Unit: Waste recovery and management services including treatment, recovery and disposal of urban and special non-hazardous waste through Ecosavona facility
2. Energy Efficiency and Decarbonization Services: Comprehensive services including photovoltaic installation, biomass boilers, heat pumps, cogeneration, building energy requalification, and green energy portfolio management
3. Renewable Energy Solutions: Installation and maintenance of renewable energy systems including solar, geothermal, and energy communities

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Innovatec is an integrated Clean Tech group providing energy efficiency, decarbonization, and renewable energy services to enterprises and public administration in Italy. Core offerings include photovoltaic/agrivoltaic installation, biomass boilers, heat pumps, geothermal systems, cogeneration, building energy requalification (HouseVerde), green energy portfolio management, sustainability consulting, and circular economy waste management (collection, transport, recycling, recovery, disposal). Operations are delivered through subsidiaries including Innovatec Power, Polyvolt, Circularity, Haiki+, and Ecosavona.

Product overview

Innovatec is a Clean Tech group offering an integrated, end-to-end portfolio of sustainability and energy transition services. The core offerings are organized into three main business units: Efficienza Energetica e Decarbonizzazione (energy efficiency and decarbonization services including photovoltaic/agrivoltaic systems, biomass boilers, heat pumps, geothermal, renewable energy communities, cogeneration, and the HouseVerde building requalification program), Sostenibilità e Innovazione (sustainability advisory and consulting for integrating green principles into business operations), and Economia Circolare (circular economy waste management services). Key brands include Innovatec Power (photovoltaic installation subsidiary), Circularity (peer-to-peer circular economy collaboration platform), and Polyvolt (PV/electronic device recovery startup). The group also acquired Ecosavona for integrated industrial waste management. The offering is structured as a platform of specialized companies providing complementary services rather than a single unified software product.

Differentiator

Problem solved

Functional benefit

Brands

• HouseVerde: Energy requalification service for buildings under Super Ecobonus scheme
• Polyvolt
• Osservatorio CleanTech
• Innovatec Power

Products and services

• Efficienza Energetica e Decarbonizzazione (Energy Efficiency and Decarbonization) Comprehensive suite of solutions to reduce energy consumption and waste, and minimize business impact on the ecosystem. Includes biomass boilers, renewable energy communities, cogeneration/trigeneration, photovoltaic/agrivoltaic, geothermal, green portfolio management, heat pumps, relamping, and building requalification. Targeted at enterprises and public administration in Italy.
• Sostenibilità e Innovazione (Sustainability and Innovation) Advisory and consulting services for integrating sustainability principles into daily operations for businesses and public administrations. Includes training and digital tools for sustainability program execution.
• Economia Circolare (Circular Economy) Circular economy services including waste collection, transport, recycling, and recovery of materials. Covers disposal of non-recoverable fractions for industrial and enterprise clients in Italy.
• HouseVerde Building energy requalification service focused on energy efficiency improvements and building renovations, part of the Super Ecobonus 110% initiative portfolio for enterprises and property owners.
• Innovatec Power Subsidiary specializing in photovoltaic system design, installation, and maintenance. Offers specialized consulting for residential, commercial, and industrial solar energy solutions in Italy.
• Circularity First technological peer-to-peer collaboration platform integrating all actors involved in the circular economy to exchange materials for reuse in production processes, track, and make material flows transparent. Camilla Colucci is co-founder and CEO.
• Polyvolt Recovery and reuse service for photovoltaic, electric, and electronic devices. Focuses on limiting waste production and recovering precious metals contained in photovoltaic panels for the energy transition.
• Ecosavona Largest landfill in Liguria region for treatment, recovery, and disposal of non-hazardous urban and special waste, with authorized capacity of approximately 2.5 million cubic meters. Located in Vado Ligure and operated as a majority-owned subsidiary of Innovatec.
• Osservatorio CleanTech First scientific survey on environmental sustainability, energy efficiency, and circular economy within Italian companies. Annual research initiative published by Innovatec in collaboration with Haiki+ and Eumetra to provide market intelligence on Italian sustainability trends.

Quantifiable outcome

• 28% reduction in Scope 1 and 2 emissions
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• EcosavonacoreOthers · 1 January 2024Innovatec acquired majority stake in Ecosavona s.r.l. through acquisition of more than half of GreenLux LuxCo shares. Ecosavona operates the largest landfill in Liguria for treatment, recovery and disposal of urban and special non-hazardous waste.
• CircularitycoreStrategic or Co-development PartnerTechnology platform for peer-to-peer collaboration integrating all actors in circular economy to exchange materials for reuse in production processes. Camilla Colucci, co-founder, serves as CEO.
• Haiki+coreStrategic or Co-development PartnerParent company that extends service offering with recovery and reuse of photovoltaic, electrical and electronic devices through Polyvolt subsidiary.
• UN Global Compact Network ItaliaminorStrategic or Co-development PartnerInnovatec signed manifesto 'Imprese per le Persone e la Società' committing to strengthen Social dimension in business strategies
• Plastic FreeminorStrategic or Co-development PartnerCollaboration for Clean UP corporate team building event, collecting 178kg of waste from Parco delle Cave in Milan
• EumetraminorStrategic or Co-development PartnerResearch partner for Osservatorio CleanTech annual survey on sustainability, energy efficiency and circular economy in Italian companies

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Renantis (formerly Falck Renewables): European renewable energy developer/operator active in wind, solar, and storage across multiple geographies; comparable to Innovatec Power on utility-scale renewable project development, though focused outside Italy.

Direct peers

• TerniEnergia: Italian listed group historically focused on renewable energy, energy efficiency, and environmental services; comparable product stack to Innovatec's photovoltaic and energy efficiency business, with overlapping target customer base of enterprises and public administration.
• Alperia: Italian/European energy utility with significant renewable generation and energy services for enterprises and municipalities; comparable to Innovatec's combined energy efficiency, decarbonization, and renewable energy offerings.

Emerging players

• RGI Group: Italian-headquartered software/insurtech player expanding into digital energy and sustainability platforms; adjacent to Innovatec's digital tools and sustainability consulting line, with overlapping enterprise and utility customers.
• Maire Tecnimont (NextChem): Italian engineering group whose NextChem subsidiary develops circular economy and waste-to-chemicals technologies; comparable to Innovatec on circular economy technology innovation and circular material recovery.

Broad incumbents

• Hera Group: Italian multi-utility with energy, water, and environmental services portfolios; comparable to Innovatec on energy efficiency services to municipalities and on integrated waste/circular economy operations.
• Iren Group: Italian multi-utility with operations across electricity, gas, district heating, water, and waste/circular economy; overlaps with Innovatec on energy services to PA and on waste recovery/circular economy.
• A2A: Italian multi-utility active in energy generation, district heating, waste management, and energy efficiency services for municipalities and enterprises; broader portfolio but directly overlaps Innovatec's renewable, energy efficiency, and circular economy units.
• Acea: Italian multi-utility focused on water, energy networks, and environmental services; comparable to Innovatec on sustainability/energy services to public administration and on circular economy initiatives.
• Enel Green Power: Global renewable energy subsidiary of Enel with significant solar, wind, and storage pipelines; comparable to Innovatec on renewable installations and energy communities, with overlap on enterprise and PA customers in Italy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/innovatecgroup
• Xx.com/innovatec_spa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovatec