Agnes

What Agnes does

AGNES S.p.A. is a privately held Italian company, founded in 2019 and headquartered in Ravenna, that develops large-scale offshore renewable energy infrastructure in the Adriatic Sea. The company's portfolio integrates three technology pillars: offshore wind farms (with five planned projects totaling over 4,000 MW including Romagna 1, Romagna 2, Marche 1, Veneto 1, and Abruzzo 1), the XLAND patented floating solar platform engineered for harsh marine conditions, and green hydrogen production via power-to-gas electrolysis that converts surplus renewable electricity into hydrogen for blending into the methane network or for mobility applications.

AGNES operates as a project developer and originator rather than a manufacturer, with execution anchored by an ecosystem of strategic partners including Qint'x (operational track record), SAIPEM (offshore EPC), F2i SGR (infrastructure capital, 7B+ EUR AUM), Sapio (hydrogen production), and the University of Bologna (R&D and marine testing). The company's go-to-market is B2B/B2G enterprise field sales, targeting Italian regional governments (Emilia-Romagna, Veneto, Marche, Abruzzo) for offshore concessions and energy utilities/grid operators for electricity offtake under long-term PPAs.

Revenue mechanics are project-specific and tied to capital-intensive multi-year contracts. The company has secured 70 million euros in PNRR (Italian National Recovery and Resilience Plan) funding approved in June 2021, and is preparing for a potential public listing following completion of the EuroNext IPOready 2025 program. Additional revenue streams under development include the ZOE project for Venice (~90M EUR investment targeting 100% green electricity and transport by 2026), hydrogen refueling infrastructure, and ancillary tourism excursions to offshore installations. The company remains in the pre-revenue, pre-construction authorization phase across its flagship wind pipeline.

Name

Agnes

Legal name

AGNES S.p.A.

Website

https://agnespower.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

AGNES is an Italian private developer of offshore renewable energy in the Adriatic Sea, integrating offshore wind farms (4,000+ MW planned), the patented XLAND floating solar platform, and green hydrogen production. It sells project-specific capacity to Italian regional governments and energy utilities under long-term concessions.

Ownership category

akta.pro rank

Product category

Offshore Renewable Energy

NAICS

Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industries

Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE), Offshore Wind Power Generation (Floating) (EUACAFAC), Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Advanced Wind Technology R&D (Floating Offshore, Airborne Wind, New Rotor/Blade Concepts) (EUAMAOAB)

Keywords

• Offshore wind farms
• Floating solar platforms
• Green hydrogen production
• Renewable energy infrastructure
• Power-to-gas systems

Headquarters

HQ city

Fornace

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Offshore Wind Energy Generation: Development and operation of offshore wind farms in the Adriatic Sea generating electricity for sale to the grid. Projects include Romagna 1 (200 MW), Romagna 2 (400 MW), Marche 1 (840 MW floating), Veneto 1 (800 MW), Abruzzo 1 (1760 MW floating). Revenue generated from electricity sales under long-term power purchase agreements or merchant exposure.
2. PNRR Government Funding: 70 million euros investment approved by Camera dei Deputati as complement to Italy's PNRR (Piano Nazionale di Ripresa e Resilienza) for AGNES project - an energy hub in the Adriatic Sea integrating offshore wind and floating solar for electricity and green hydrogen production.
3. Floating Solar Infrastructure: Installation and operation of XLAND floating solar platforms in the Adriatic Sea. Revenue from electricity generation sales and potential licensing of XLAND technology. Romagna 1 includes 100 MWp floating solar component.
4. Green Hydrogen Production and Sales: Production and commercialization of green hydrogen for mobility and logistics. ZOE project plans 1,100 tons/year hydrogen production for Venice lagoon transport (buses in Mestre, ferries). Hydrogen refueling stations installation. Power-to-gas model converts surplus renewable electricity to hydrogen.
5. Offshore Tourism Services: Tourism excursions to offshore wind farms departing from Marina di Ravenna, Cesenatico, and Rimini ports. Boats equipped with bars and restaurants take tourists close to turbines. Eco-tourism experience monetized through ticket sales.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

AGNES develops large-scale offshore renewable energy infrastructure in the Adriatic Sea, integrating offshore wind farms, the patented XLAND floating solar platform, and green hydrogen (power-to-gas) production into combined energy hubs. Its portfolio includes multiple wind farm projects (Romagna 1, Romagna 2, Marche 1, Veneto 1, Abruzzo 1), the ZOE project for Venice, hydrogen refueling infrastructure, and tourism excursions to offshore installations.

Product overview

Agnes is an innovative Italian company developing offshore renewable energy projects in the Adriatic Sea. The company's portfolio consists of multiple offshore wind farm projects (Romagna 1 at 200 MW, Romagna 2 at 400 MW, Marche 1 at 1,050 MW, Veneto 1 at 800 MW, and Abruzzo 1 at 1,760 MW), the XLAND patented floating solar platform technology, green hydrogen production via power-to-gas, and the integrated ZOE (Zero Oldtown Emissions) project for Venice. These offerings are interconnected: wind and floating solar farms can be co-located and integrated with hydrogen production systems to provide comprehensive renewable energy solutions combining electricity generation and energy storage.

Differentiator

Problem solved

Functional benefit

Brands

• XLAND: Patented offshore floating solar platform system designed to meet challenging demands of offshore solar energy production, optimizing solar output with floating conditions and durability.
• ZOE (Zero Oldtown Emissions)
• Romagna 1
• Romagna 2

Products and services

• Romagna 1 Offshore Wind Farm 200 MW offshore wind farm located approximately 12 miles off the coast of Lido di Classe in Ravenna, comprising 25 wind turbines (8 MW each, 170m height, 260m rotor diameter). Includes an integrated 100 MWp floating solar component. Estimated to serve 80,000 people annually.
• Romagna 2 Offshore Wind Farm 400 MW offshore wind farm located approximately 14 miles off the coast of Porto Corsini in Ravenna, comprising 50 wind turbines (8 MW each, 170m height, 260m rotor diameter).
• Marche 1 Offshore Wind Farm 1,050 MW floating offshore wind farm located approximately 15 miles off the coast of Fano in the Marche region, comprising 84 floating turbines (10 MW each, 170m height, 260m rotor diameter) with integrated 2.5 MW photovoltaic panels in the foundation structure.
• Veneto 1 Offshore Wind Farm 800 MW offshore wind farm located approximately 19 miles off the Po Delta coast in the Veneto region, comprising 80 fixed-bottom turbines (10 MW each, 170m height, 260m rotor diameter).
• Abruzzo 1 Offshore Wind Farm 1,760 MW floating offshore wind farm located approximately 20 miles off the Abruzzo coast between Pescara and Ortona, comprising 160 floating turbines (11 MW each, 170m height, 260m rotor diameter).
• XLAND Floating Solar Platform Patented offshore floating solar platform designed to withstand complex marine conditions including waves, corrosion, and seabird guano. Scalable laterally to several kilometers for installations of hundreds of MW capacity. Optimized for wind cooling effect and solar reflection from the sea surface, with potential integration to hydrogen production from seawater.
• Green Hydrogen Production Power-to-gas technology producing green hydrogen from seawater via electrolysis. Supports renewable energy storage by converting surplus electricity during production peaks into hydrogen. Enables 10% hydrogen blend in the methane network (7 billion cubic meters annually), potentially reducing CO2 emissions by 5 million tons.
• ZOE (Zero Oldtown Emissions) Project Integrated renewable energy project aimed at making Venice and its lagoon 100% green by 2026. Includes a 143 MWp ground-mounted photovoltaic plant producing 165 GWh/year (powering 55,000 households) and 1,100 tons/year of green hydrogen production for lagoon mobility and logistics. Located on Isola delle Tresse in the Venetian Lagoon.
• Green Hydrogen Refueling Stations Hydrogen refueling stations installed as part of the ZOE project for mobility and logistics in the Venetian Lagoon, serving hydrogen-powered buses in Mestre and ferries in Venice.
• Energy Storage Systems Energy storage systems incorporated into AGNES's offshore renewable energy portfolio in the Adriatic Sea, supporting integration of intermittent wind and solar generation.

Quantifiable outcome

• Romagna 1 wind farm (200 MW) will generate enough energy for 80,000 people annually
• +5 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, important and minor.

• SAIPEMcoreStrategic or Co-development Partner · 25 August 2020MoU signed August 25, 2020 for offshore wind energy development in the Adriatic Sea. SAIPEM is a global leader in offshore engineering and operations. Partnership leverages SAIPEM's capabilities for development, construction, and installation of offshore wind parks.
• Qint'xcoreStrategic or Co-development PartnerFounded in Ravenna in 1998, Qint'x specializes in renewable energy development from plant design to installation and maintenance. International SME with offices in Hong Kong, Reading (UK), Vienna, Palo Alto (California), and Rotterdam. In Italy, has installed over 150 wind turbines and developed more than 20 photovoltaic parks. AGNES was built on Qint'x expertise and serves as a pioneer partner in offshore renewable development. AGNES partners with Qint'x for event participation (Key Energy, OMC Med Energy) and co-marketing.
• University of Bologna (Alma Mater Studiorum)importantStrategic or Co-development PartnerCollaboration with Master in Offshore Engineering for joint development of floating photovoltaic plants. Leverages University's state-of-the-art laboratories at Bologna campus for R&D enhancement. Talent exchange program welcoming students for internships and thesis work related to AGNES projects. Joint application for water concession off Ravenna coast as marine laboratory for testing activities.
• SapioimportantTechnology or IntegrationItalian leader in commercialization and production of technical gases. Agreement established for hydrogen production in ZOE project. Sapio provides expertise and infrastructure for green hydrogen generation and distribution for Venice mobility applications.
• ROCA (Ravenna Offshore Contractor Association)coreStrategic or Co-development PartnerAssociation of offshore contractors based in Ravenna covering all activities: design, construction, installation, and maintenance. Port of Ravenna has equipped yards for platform construction and shipyards for support vessels. ROCA members provide unique turnkey capability in Italy for offshore projects including safety, industrial hygiene, risk analysis, and environmental engineering.
• Vanguard InitiativeminorGTM or Marketing PartnerAGNES was invited by Vanguard Initiative to promote offshore renewable energy at the Offshore Energy Exhibition & Conference in Amsterdam, November 2025.
• ART-ERminorGTM or Marketing PartnerAGNES was invited by ART-ER to participate in Forum Strategico Regionale Blue Economy (BLU-ER), a space for dialogue between companies, universities, and stakeholders to promote innovative solutions for Blue Economy sustainability.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BlueFloat Energy: Specialist floating offshore wind developer with projects in Spain, Portugal, UK, and other markets. Comparable to AGNES for its floating wind focus (relevant to AGNES's Marche 1 and Abruzzo 1 floating projects) and integrated developer model.
• Renexia: Italian offshore wind developer behind the MedWind project in Sicily (~2.88 GW planned). Most direct comparable for AGNES in the Italian offshore wind market — same regulatory environment, similar scale pipeline, and competing for the same government backing and grid interconnection.
• Simply Blue Group: Irish/UK-based developer of floating offshore wind projects across Europe. Direct comparable as a pure-play early-stage offshore wind developer pursuing multi-GW pipelines in European waters with similar permitting-led model.
• Qint'x: Italian renewable energy developer based in Ravenna with 150+ wind turbines and 20+ PV parks installed. AGNES was built on Qint'x expertise and serves as pioneer partner in offshore renewables. Closest operational peer with direct partnership overlap.
• Principle Power: Technology provider for floating offshore wind (WindFloat platform). Comparable to AGNES for floating wind expertise; relevant as AGNES develops floating projects (Marche 1, Abruzzo 1) and could leverage Principle Power's technology.

Broad incumbents

• RWE Renewables: One of Europe's largest offshore wind developers with multi-GW operating and development portfolio. Direct overlap with AGNES's target market (European offshore wind) but at vastly greater scale and balance sheet capacity.
• Eni Plenitude (Falck Renewables): Italian integrated energy company with significant renewables portfolio including wind and solar. Following Eni's acquisition of Falck Renewables, it has become a major domestic player that competes with AGNES for Italian government backing, grid capacity, and concession rights.
• Ocean Winds (EDP/Engie JV): Joint venture between EDP and Engie developing offshore wind globally, including floating wind in Europe. Larger incumbent with deeper balance sheet pursuing similar Mediterranean and European offshore wind markets as AGNES.
• Aker Offshore Wind: Norway-based offshore wind developer backed by Aker group, with floating wind projects in Norway and Scotland. Comparable as floating offshore wind specialist with integrated engineering capabilities (via Aker Solutions), competing in similar European geographies as AGNES.

Emerging players

• Svevind Energy: Swedish developer of large-scale offshore wind including floating projects (e.g., 5 GW Markbygden offshore). Comparable as emerging European offshore wind developer pursuing multi-GW pipeline with floating wind technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Agneswindpower
• LinkedInlinkedin.com/company/agneswindpower

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Agnes