What Icopower does

Icopower SRL is an Italian energy efficiency company founded in Milan in June 2013 by Nicolas Tringali and Enrico Rossetti. It designs, manufactures, and services four patented hardware product lines — ICO-F (voltage optimization, 20–1,800 kVA), ICO-Air (compressed air efficiency with embedded AI pressure modulation), ICO-R (modular power factor correction), and ICO-L (LED and electronic load protection up to 9 kW) — that together address hidden electrical waste (grid surges, reactive energy, compressed air inefficiency) at industrial, commercial (retail/GDO), and tertiary (hospitality, healthcare, logistics) customers. The portfolio is backed by international patents and supported by IPMVP-validated measurement methodology and Schneider Electric's Power Monitoring Expert cloud platform for continuous performance monitoring and ESG/sustainability reporting.

The company's go-to-market is consultative enterprise field sales: a free 5–7 day energy audit using Power Energy Loggers feeds a customized bid, after which customers can choose direct purchase, equipment leasing (potentially with New Sabatini subsidies), or an Energy Performance Contract with contractual savings guarantees and reimbursement clauses if targets are missed. Icopower is UNI CEI 11352:2014 certified as an ESCO, and ICO-F and ICO-Air hold Industry 4.0 capital asset certification, giving buyers access to a 20% tax credit. As of December 31, 2025 the company reports 3,462 installations across 24 countries, 268 GWh of cumulative energy saved, and 189,734 tons of CO2 avoided, with international expansion delivered primarily through channel partners and an IBM worldwide business development partnership.

Revenue mechanics combine hardware sales, multi-year EPC managed-service contracts, equipment leasing, and recurring monitoring subscriptions; recurring and contractually anchored streams (EPC, leasing, PME monitoring, White Certificates administration) complement the upfront hardware business. Strategic relationships include Schneider Electric (monitoring platform), IBM (global GTM), Polytechnic Universities of Milan and Turin, and the University of Trento (IPMVP validation), with manufacturing centralized at a production hub in Bresso, Milan.

Name

Icopower

Legal name

ICOPOWER SRL

Website

https://en.icopower.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Icopower is an Italian ESCO that designs, manufactures, and services patented energy efficiency hardware — voltage optimization, compressed air efficiency, power factor correction, and LED/electronic load protection — for enterprise industrial, retail, and tertiary customers across 24 countries, sold via direct sales and Energy Performance Contracts with guaranteed savings.

Ownership category

akta.pro rank

Product category

Industrial Energy Efficiency Hardware

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Electronic Coils, Transformers & Other Inductors (3677), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

C&I Energy Optimization, Peak Shaving & Demand Charge Management Software (EUAFAKAE)

akta.pro secondary industries

Energy Storage O&M (BESS, PCS, EMS) (EUAEAGAH), Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ), Warranty, Service Contracts & OEM Relationship Management (Claims, SLAs, Performance Guarantees) (EUAMAGAO), Operations Control & Dispatch (Remote Operations Centers, Curtailment, Compliance) (EUAMAGAK)

Keywords

• Voltage optimization systems
• Industrial energy efficiency
• Compressed air optimization
• Power factor correction
• Energy performance contracts

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Energy Efficiency Hardware Sales: Icopower sells proprietary energy efficiency hardware including ICO-F voltage optimizers, ICO-Air compressed air systems, ICO-R power factor correctors, and ICO-L LED protectors. Hardware ranges from compact units (ICO-L at 9kW) to large industrial systems (ICO-F up to 1,800 kVA). Equipment is sold directly to customers with installation and commissioning services.
2. Energy Performance Contract (EPC): Icopower offers Energy Performance Contracts where they provide a contractual guarantee of energy savings. In case of failure to achieve guaranteed results, the customer is reimbursed. This model aligns Icopower's incentives with customer outcomes and is based on the IPMVP protocol for measurement and verification.
3. Equipment Leasing: Icopower provides leasing options for their equipment, allowing customers to access energy efficiency technology without large upfront capital expenditure. The company notes that leasing costs can be reduced to zero for eligible companies through the 'New Sabatini' facility, which provides a 3.575% annual subsidy on loans for Industry 4.0 technology investments.
4. Monitoring Services: Ongoing remote monitoring services through the cloud-based PME platform. Continuous performance measurement and reporting enables customers to track energy efficiency KPIs. Data can be used for CSR reporting and sustainability communications.
5. Energy Efficiency Certificates (White Certificates): Icopower helps customers obtain Energy Efficiency Certificates (White Certificates), tradable securities that certify achievement of energy savings. ICO-F and ICO-Air have already been awarded Energy Efficiency Certificates for customer interventions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Icopower designs, manufactures, and sells patented energy efficiency hardware for businesses across four product lines: ICO-F (voltage optimizer), ICO-Air (compressed air optimizer), ICO-R (power factor correction), and ICO-L (LED/electronic load protection). The company delivers these through direct sales, leasing, or Energy Performance Contracts, including a free 5-7 day energy audit, continuous instrumental measurement, and contractual savings guarantees backed by the IPMVP protocol. A Schneider Electric-based cloud monitoring platform tracks performance in real time.

Product overview

Icopower offers a portfolio of patented energy efficiency technologies for businesses, consisting of four core product lines: ICO F (voltage optimization for electricity efficiency), ICO Air (compressed air efficiency), ICO R (reactive energy/power factor correction), and ICO L (LED and electronic load protection). These solutions share a common approach of reducing energy waste while maintaining productivity, with contractual performance guarantees based on IPMVP protocol measurement. The company provides continuous instrumental measurement of performance and offers monitoring platforms with cloud-based data storage.

Differentiator

Problem solved

Functional benefit

Brands

• ICO F: Electricity efficiency - voltage optimizer system for reducing grid losses and energy waste caused by fluctuations in power grids
• ICO Air
• ICO R
• ICO L

Products and services

• ICO F Voltage Optimizer Patented next-generation voltage optimizer system covered by international patents. Reduces energy waste caused by voltage fluctuations in power grids while maintaining customer productivity. Configured in three-phase mode with power ranging from 20 kVA to 1,800 kVA. Features automatic safety bypass, harmonic reduction (~10% THD reduction), surge and spike protection, and continuous performance measurement via the Schneider Electric PME cloud platform. Suitable for industrial, commercial, and tertiary applications.
• ICO Air Compressed Air Efficiency System Patented compressed air efficiency system that significantly lowers energy costs of production facilities using compressed air, reducing compressor consumption by 10-40%. Uses current sensors, pressure sensors, and motorized valves with artificial intelligence to modulate compressor pressure in real time, enabling compressors to operate longer in high-efficiency zones. Features plug-and-play self-adjusting parameters and a bypass system. Holds CE Declaration of Conformity and Industry 4.0 Capital Asset certification.
• ICO R Power Factor Correction System Industry 4.0 modular power factor correction system that monitors plant behavior in real time to increase Power Quality and eliminate reactive power issues. Features a kVAr meter for timely performance measurement, integrates with existing power factor correction devices, and is sold as an all-inclusive service contract with low fee covering result guarantee, measurement, and maintenance. Certified to CE, EN IEC 61558, IEC/EN 60831-1, and IEC/EN 61439 standards, with reimbursement of euro penalties if reactive energy exceeds regulatory thresholds.
• ICO L LED and Electronic Load Protection New-generation device designed to increase the life of LED lighting and electronic loads by protecting them from harmful grid phenomena. Handles up to 9kW three-phase power with a small footprint. Features a proprietary electronic device capable of reading voltage derivatives to define damaging spike curves, real-time maximum peak voltage detection per phase, event counting per phase, and LED strip front-panel monitoring. Can extend LED warranty by 5 years for third-party manufactured LEDs.
• Cloud-Based Performance Monitoring Service (Schneider Electric PME) Ongoing remote performance monitoring service for Icopower installations, developed in partnership with Schneider Electric. The Power Monitoring Expert (PME) system is accessible from any device for real-time performance monitoring, stores electrical data on encrypted redundant cloud servers, detects and reports out-of-threshold values for rapid action, functions as an open hub receiving data from other monitoring systems, and supports bidirectional communication. Enables CSR reporting and sustainability tracking for customers.
• Energy Audit and Performance Contract Service Consultative service offering that begins with a free 5-7 day energy audit using Power Energy Logger (PEL) instruments to measure all electrical quantities (voltages, powers, currents, phase shifts, THD). Includes 12 months of electricity bill analysis for accurate savings projection, followed by a detailed bid document with economic-financial proposal and contract conditions. Supports multiple contractual formulas including direct purchase, leasing, and Energy Performance Contracts (EPC) with contractual performance guarantees and reimbursement if savings targets are not achieved, backed by the IPMVP protocol.

Quantifiable outcome

• Energy savings of 4-10% for most customers based on over 3,462 installations
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• Schneider ElectriccoreTechnology or IntegrationStrategic partnership for the Power Monitoring Expert (PME) monitoring system. Icopower developed their cloud-based monitoring architecture in partnership with Schneider Electric. The PME system enables real-time performance monitoring, encrypted data storage on redundant servers, and bidirectional communication for data sharing and receiving controls.
• IBMcoreGTM or Marketing PartnerWorldwide partner for business development of ICOPOWER. IBM supports Icopower's global expansion efforts and business development initiatives.
• Polytechnic University of Milan (Politecnico di Milano)coreStrategic or Co-development PartnerPartner in the development of the 'Industry 4.0' program and various strategic investments. Icopower exhibits at the MADE Competence Center Industry 4.0 pavilion on the Milan Polytechnic campus. The partnership supports technology transfer and industry 4.0 adoption.
• University of TrentocoreStrategic or Co-development PartnerPartner for IPMVP protocol certification and VDE regulations. The university validated the method of processing measured voltage and current electrical data for calculation of energy savings according to VDE-AR-E 2055-1:2009 standard using the IPMVP procedure.
• Polytechnic University of Turin (Politecnico di Torino)coreStrategic or Co-development PartnerPartner for machine testing and certification. The university conducted a survey of electrical quantities absorbed by different kinds of loads with the ICO F equipment in control mode and bypass mode.
• Bureau Veritas Italia S.p.A.coreTechnology or IntegrationThird-party validation of Icopower's GHG emission reduction project documentation. Bureau Veritas validated that the ICO-F voltage optimizer project meets ISO 14064-2:2019 requirements. Also provides certification for Icopower's Industry 4.0 tax credit eligibility.
• MADE Competence Center Industry 4.0coreStrategic or Co-development PartnerIcopower is a partner of MADE, a Competence Center for Industry 4.0 created to carry out Orientation, Training, and Finalization activities for technology transfer projects with companies on Industry 4.0 issues. Icopower exhibits its technologies in operation at the MADE headquarters.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• ABB: Multinational power and automation company with substantial offerings in power quality, voltage regulation, and industrial energy efficiency. ABB competes with Icopower in industrial C&I customers through integrated solutions and a global service footprint that Icopower cannot match.
• Siemens: Industrial conglomerate offering power quality, energy monitoring, and automation solutions across manufacturing, retail, and infrastructure. Siemens competes with Icopower's energy efficiency and power factor correction portfolio for enterprise customers with comprehensive, digitally integrated offerings.
• Eaton: Global power management company offering voltage regulation, power factor correction, UPS, and energy monitoring solutions. Eaton directly competes with Icopower's hardware product lines and has stronger channel reach into multinational enterprises.
• Vertiv: Critical digital infrastructure power and cooling provider offering power management, monitoring, and energy efficiency solutions for data centers and industrial facilities. Comparable on power quality and continuous monitoring capabilities, though skewed toward data center workloads.
• Schneider Electric: Global leader in power management and energy management solutions. Schneider is simultaneously a strategic partner (PME monitoring platform) and a broad incumbent whose integrated energy management portfolio competes with Icopower's discrete voltage optimization and power factor correction offerings for the same C&I enterprise buyer.
• Legrand: Global specialist in electrical and digital building infrastructure offering power distribution, energy monitoring, and efficiency solutions. Legrand competes with Icopower across the commercial and tertiary segments with a broader portfolio of electrical equipment.

Direct peers

• Socomec: French specialist in power quality, voltage optimization, and energy efficiency solutions for industrial and commercial customers. Closely comparable to Icopower in product scope (voltage regulation, power monitoring) and European mid-market enterprise focus.
• Riello UPS: Italian-headquartered power quality specialist offering voltage stabilization, UPS systems, and energy efficiency solutions. Highly comparable domestic competitor to Icopower with similar voltage optimization focus and shared Italian enterprise customer base.

Others

• Carbon Trust: Advisory and certification body helping enterprises implement energy efficiency and carbon reduction programs. Relevant as an ecosystem participant whose standards (e.g., measurement protocols) and certifications overlap with Icopower's IPMVP and ISO 14064 frameworks.

Emerging players

• Enel X (Joule): Italian energy services arm of Enel offering energy efficiency, demand response, and sustainability solutions to C&I customers. Comparable as an ESCO-like competitor with deeper capital, an Italian base, and access to White Certificates markets.

Market position

Strengths2 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCowPt20slT1p94owd1Msb5g
• Facebookfacebook.com/icopoweresco
• LinkedInlinkedin.com/company/icopower
• Instagraminstagram.com/icopowersrl

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Icopower