RiESCo
RiESCo S.p.A. is an Italy-based ESCo that co-finances and delivers energy efficiency projects — photovoltaics, LED relamping, heat pumps, and storage — under outcome-based Energy Performance Contracts for industrial, public, retail, hospitality, and agricultural clients.
- Company typePrivate
- Founded2014
- HeadquartersGrosseto, Italy
- Headcount11–50
- GTM typeB2B
- OfferingServices
What RiESCo does
RiESCo S.p.A. is an Italian Energy Service Company (ESCo) founded in 2014 and headquartered in Grosseto, with a secondary office in San Benedetto del Tronto. The company operates under UNI CEI 11352:2014 ESCo certification and ISO 9001, delivering turnkey energy efficiency projects — photovoltaic systems, LED relamping, heat pumps, solar thermal, battery storage, and public lighting upgrades — through an Energy Performance Contract (EPC) model in which it co-finances, designs, and manages the intervention. Under its Guaranteed Saving EPC and Shared Saving (50/50 excess-savings split) structures, RiESCo absorbs performance risk: if measured savings fall short of contractually guaranteed levels, the shortfall is taken from its own compensation.
The company's delivery engine combines certified energy consumption diagnoses (per UNI CEI EN 16247) with a nationwide installer/impiantisti partner network that executes physical installations inside temporary business associations (ATI), while RiESCo retains commercial, financial, and warranty control. A second core competency is end-to-end management of Italian energy incentive programs — MASE (including the Bando MASE PN RIC FTV SUD for Southern Italy), Conto Termico, Certificati Bianchi (White Certificates/TEE), Superbonus 110%, Ecobonus, and Parco Agrisolare — including application preparation, GSE submission, and credit monetization for clients.
Revenue is outcome-based: RiESCo earns a share of verified energy savings across multi-year contracts rather than charging upfront equipment fees, supplemented by incentive-management and long-term maintenance fees. Customers span industrial manufacturers (PanUrania S.p.A.), public administrations (Comune di Chiusi public-lighting LED project via project financing), retail chains (Berni Store), hospitality facilities, agricultural businesses, healthcare operators (RSA), and logistics/warehousing firms (Radicilegno). Geographic focus is Italy, with the Grosseto headquarters, a Marche region branch, and active commercial targeting of Southern Italy under the Bando MASE Fotovoltaico Sud funding window.
RiESCo firmographics
Firmographics- Name
- RiESCo
- Legal name
- RiESCo S.p.A.
- Website
- https://ri-esco.it
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RiESCo S.p.A. is an Italy-based ESCo that co-finances and delivers energy efficiency projects — photovoltaics, LED relamping, heat pumps, and storage — under outcome-based Energy Performance Contracts for industrial, public, retail, hospitality, and agricultural clients.
- Ownership category
- akta.pro rank
RiESCo industry classification
Industry- Product category
- Energy Efficiency Services
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114)
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP) (EUAEAAAO)
- akta.pro secondary industry
- Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where RiESCo is headquartered
LocationHeadquarters
- HQ city
- Grosseto
- HQ country
- Italy
- HQ region
- Europe
Offices2 records
Markets served
RiESCo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Energy Performance Contract (EPC): RiESCo earns revenue as a percentage of the energy savings achieved. The company co-finances, implements, and manages energy efficiency projects under the EPC model. Revenue is tied directly to performance outcomes - if savings fall below guarantees, RiESCo absorbs the shortfall. The company also shares 50% of excess savings with clients under the Shared Saving model.
- Incentive Management Services: RiESCo manages incentive applications for clients, handling the complex bureaucratic processes for government programs like Bando MASE, Conto Termico, Certificati Bianchi, and Ecobonus. Revenue derived from successful incentive access.
- Plant Installation and Maintenance: Long-term maintenance and management of installed energy systems to ensure optimal performance throughout contract duration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | EPC project-based pricing tailored to each client's energy profile and savings targets |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
RiESCo product offering
Product offeringCore offering
RiESCo co-finances, designs, and manages energy efficiency interventions for Italian businesses and public administration under an Energy Performance Contract (EPC) model with guaranteed energy savings. Deliverables include photovoltaic systems with storage, LED relamping, heat pumps, solar thermal, public lighting upgrades, certified energy diagnoses, and full-service management of public incentives such as Conto Termico, Certificati Bianchi, Bando MASE, Superbonus, and Ecobonus. Clients pay from verified savings, with RiESCo absorbing shortfalls and sharing 50% of excess savings.
Product overview
RiESCo is an Energy Service Company (ESCo) certified UNI CEI 11352:2014 and ISO 9001 that provides energy efficiency services primarily through its Energy Performance Contract (EPC) model. The company's service portfolio includes photovoltaic system installation and management, LED relamping, heat pumps, solar thermal systems, energy storage solutions, public lighting upgrades, and comprehensive incentive management services (including Conto Termico, Certificati Bianchi/Bianchi Certificates, Superbonus, and Bando MASE programs). RiESCo operates on a Shared Saving/EPC model where it co-finances, designs, and manages interventions while guaranteeing measured energy savings, with risk borne by RiESCo if savings targets are not met.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy Performance Contract (EPC) Core service in which RiESCo co-finances, designs, and manages energy efficiency interventions while guaranteeing measurable energy savings; clients pay only based on verified savings, and RiESCo absorbs shortfalls while sharing 50% of excess savings under its Shared Saving model.
- Photovoltaic Systems (Fotovoltaico) Design, installation, and management of industrial photovoltaic systems for self-consumption, including systems integrated with battery storage, supported by incentive programs such as Bando MASE PN RIC FTV SUD and other MASE grants.
- LED Relamping LED lighting retrofit service for commercial, industrial, and public facilities, replacing obsolete lighting systems with energy-efficient LED technology to reduce consumption and operating costs.
- Heat Pumps (Pompe di calore) Heat pump installation service for heating and cooling in commercial, industrial, hospitality, and public buildings, financed through Conto Termico incentives.
- Solar Thermal (Solare Termico) Solar thermal system installation service for hot water production, eligible for Conto Termico incentives covering up to 65% of project costs.
- Energy Storage (Accumulo) Battery storage systems integrated with photovoltaic installations to maximize self-consumption rates and reduce grid dependence.
- Public Lighting (Pubblica Illuminazione) LED upgrade and project financing service for municipal public lighting infrastructure, delivered via EPC/project financing structures for municipalities and public entities.
- Incentive Management Services End-to-end management and processing of Italian energy efficiency incentive applications, covering Conto Termico, Certificati Bianchi (White Certificates/TEE), Superbonus 110%, Ecobonus, Credito d'Imposta, and Bando MASE programs for businesses, public administration, and installers.
- Certificati Bianchi (White Certificates/TEE) Management service assisting clients in obtaining and monetizing White Certificates (Titoli di Efficienza Energetica / TEE) issued by the GSE in recognition of energy efficiency projects.
- Conto Termico Management service for the GSE Conto Termico incentive program, which can cover up to 65% of project costs, delivered for both private clients and Public Administrations.
- Energy Diagnosis (Diagnosi Energetica) Certified energy audit service performed per UNI CEI EN 16247 to analyze consumption patterns, energy habits, and facility status, supporting correct system sizing for self-consumption optimization and incentive/EPC projects.
Quantifiable outcome
- Berni Store: 840,000€ savings over 15 years from LED relamping
- +4 more outcomes
Companies that use RiESCo
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles6 records
RiESCo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
RiESCo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Installers/ImpiantisticoreRiESCo partners with electrical and mechanical installation companies (impiantisti) who bring client leads and execute physical installation work. Under the partnership model, installers serve as mandated representatives (mandatario) in temporary business associations (ATI), maintain client relationships, and handle on-site installation while RiESCo manages incentive applications, project financing, EPC guarantees, and long-term performance monitoring. Installers benefit from increased closed deals due to accessible incentives, satisfied clients with guaranteed savings, and access to larger industrial projects.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
RiESCo competitors and assessment
Company assessmentBroad incumbents
- Schneider Electric Italia: Provides energy management solutions and ESCO-type energy efficiency services in Italy including audits, retrofit implementation, and savings-based contracts. Comparable to RiESCo through overlap on energy efficiency retrofits, LED, and renewable integrations, but Schneider is a global OEM extending into services rather than a pure-play Italian ESCo.
- Enel X Way (Enel Group): Enel's energy efficiency and demand-response arm offering solar, storage, and efficiency solutions to Italian businesses and public entities. Comparable because it competes for the same Bando MASE-adjacent industrial and municipal photovoltaic and efficiency projects, leveraging Enel's balance sheet to undercut on financing.
- Engie Italia (formerly Cofely/GDF Suez Energia Italia): One of the largest ESCos operating in Italy offering energy performance contracts, energy efficiency services, and facility management to industrial and public-sector clients. Comparable because it competes head-to-head with RiESCo for large industrial and municipal EPC mandates across Italy, but at much larger scale and as part of a broader utility/services portfolio.
- Siram by Veolia Italia: Italian ESCo focused on energy efficiency, integrated facility management, and energy performance contracts for hospitals, public entities, and industrial sites. Comparable to RiESCo because it sells the same outcome-based EPC model with guaranteed savings, but operates nationally with a far larger balance sheet and direct delivery teams.
Regional players
- Hera Luce: Subsidiary of multi-utility Hera Group focused on public lighting LED retrofits and project financing for municipalities in central-northern Italy. Directly comparable to RiESCo's Comune di Chiusi public lighting project, with similar EPC/project-financing mechanics but stronger utility backing and geographic focus on Emilia-Romagna.
- AGSM Lighting (AGSM Group): Verona-based municipal utility offering public lighting efficiency, LED retrofits, and energy services to comuni. Comparable as another utility-affiliated ESCo competing for the same municipal project-financing mandates that RiESCo targets, with deeper regional entrenchment in Veneto.
Emerging players
- Coface / Cerved Energy Services consultants (boutique ESCos segment): Italian mid-market consulting and ESCO-type firms that help SMEs access Conto Termico, Certificati Bianchi, and regional incentives. Directly comparable to RiESCo's incentive-management and energy-diagnosis services for small industrial and SME customers across Italy.
- Albasolar / Energy Resources (Italian mid-market ESCOs): Italian regional installer/ESCo bundling industrial photovoltaic with energy efficiency and white certificate management for SMEs and farms. Comparable to RiESCo's Industrial and Agricultural segments, particularly around Bando MASE and Parco Agrisolare work in Southern Italy and rural areas.
- Futuro Energy: Italian SME-focused ESCo delivering LED, photovoltaic, and Conto Termico incentive management for small businesses. Closely mirrors RiESCo's stack (LED relamping, PV, heat pumps, incentive handling) but without the same Guaranteed Saving EPC structure, making it a near-direct niche competitor in the SME vertical.
Others
- Sonepar Italia Energy Solutions (installer-ESCo hybrids): Large electrical distributor building EPC and energy efficiency service offerings for Italian industrial and commercial clients. Comparable as an adjacent channel that may compete with or partner alongside RiESCo's impiantisti, given overlapping industrial client base and turnkey LED/PV/heat-pump bundles.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
RiESCo social profiles
Digital presenceRiESCo financial estimates
Financial estimateRevenue estimate
Valuation estimate
RiESCo leadership team
Management profileNumber of profiles
Profiles1 record
RiESCo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RiESCo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RiESCo
What does RiESCo do?
RiESCo co-finances, designs, and manages energy efficiency interventions for Italian businesses and public administration under an Energy Performance Contract (EPC) model with guaranteed energy savings. Deliverables include photovoltaic systems with storage, LED relamping, heat pumps, solar thermal, public lighting upgrades, certified energy diagnoses, and full-service management of public incentives such as Conto Termico, Certificati Bianchi, Bando MASE, Superbonus, and Ecobonus. Clients pay from verified savings, with RiESCo absorbing shortfalls and sharing 50% of excess savings.
Is RiESCo a public or private company?
RiESCo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RiESCo founded?
RiESCo was founded in 2014. It employs 11 to 50 people.
Where is RiESCo based?
RiESCo is headquartered in Grosseto, Italy, in the Europe region.
How does RiESCo make money?
Three revenue lines are on record. Energy Performance Contract (EPC) is the primary driver. The others are incentive Management Services and plant Installation and Maintenance.
Who are RiESCo's main competitors?
Broad incumbents on record are Schneider Electric Italia, Enel X Way (Enel Group), Engie Italia (formerly Cofely/GDF Suez Energia Italia) and Siram by Veolia Italia. Regional players are Hera Luce and AGSM Lighting (AGSM Group). Emerging players are Coface / Cerved Energy Services consultants (boutique ESCos segment), Albasolar / Energy Resources (Italian mid-market ESCOs) and Futuro Energy. Sonepar Italia Energy Solutions (installer-ESCo hybrids) is listed as an others.
Does RiESCo have an API?
No public API is recorded for RiESCo.
What industry is RiESCo in?
RiESCo's product category is Energy Efficiency Services. Its primary akta.pro industry code is EUAEAAAO, Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP), with a secondary code of EUAEADAB, Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting). Its NAICS code is 22111 and its SIC code is 8744.