Green Network Group
Green Network S.p.A. is a Rome-based Italian company that historically retailed electricity and gas before selling that business in early 2023; it now provides energy efficiency services and holds minority stakes in renewable energy subsidiaries, while operating under a concordato preventivo insolvency proceeding.
- Company typePrivate
- Founded2003
- HeadquartersRoma, Italy
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Green Network Group does
Green Network S.p.A. (operating as Green Network Group) is a Rome-based, privately held Italian energy company incorporated in 2003 as a Società a Socio Unico with share capital of €15,636,000.00. Until early 2023 the company operated as a retailer of electricity and gas in the Italian market, serving residential, commercial, and industrial customers; that business, together with the associated brand, was sold in January 2023 to an undisclosed third-party operator, and the company ceased to be a light-and-gas supplier. The entity is now in restructuring: a concordato preventivo (preventive settlement) procedure (n. 82/2021) is active, with the Court of Rome – Section XIV issuing a reopening decree on February 12, 2025 and scheduling a creditors' meeting for June 23, 2025.
Following the divestiture, the company describes itself as continuing to provide energy efficiency consulting and services aimed at helping clients reduce consumption and optimize energy usage. It also retains minority participations in a portfolio of group companies operating in conventional and renewable energy: Energrid, Rena Energia, Green Wind 2 (wind), Solcap Green (solar), and Green Network Holding Rinnovabili. The company has divested its participations in Biogas Energy and in recreational/educational entities (US Boreale, Quinto, Le Fate Turchine). Headcount is reported at 101–250, though the operating scope is now narrow.
No pricing model, customer concentration, or revenue figures are disclosed in the available sources. The company's near-term trajectory is governed by the outcome of the concordato preventivo proceeding and the planned June 2025 creditors' vote, which will determine whether the residual energy efficiency operations and minority renewable-energy holdings continue as a going concern or are subject to further restructuring or liquidation.
Green Network Group firmographics
Firmographics- Name
- Green Network Group
- Legal name
- Green Network S.p.A.
- Website
- https://greennetwork.it
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Green Network S.p.A. is a Rome-based Italian company that historically retailed electricity and gas before selling that business in early 2023; it now provides energy efficiency services and holds minority stakes in renewable energy subsidiaries, while operating under a concordato preventivo insolvency proceeding.
- Ownership category
- akta.pro rank
Green Network Group industry classification
Industry- Product category
- Energy Efficiency Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- SIC
- Electric Services (4911), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs) (EUAGACAE)
- akta.pro secondary industries
- Green Power Retailing & Bundled Supply (Energy + Certificates) (EUAGAFAE), Green Tariffs & Utility Renewable Supply Programs (EUAGADAJ)
Keywords
Where Green Network Group is headquartered
LocationHeadquarters
- HQ city
- Roma
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
Green Network Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Green Network Group product offering
Product offeringCore offering
Green Network Group (Green Network S.p.A.) previously transmitted and supplied electric energy and gas to residential, commercial, and industrial customers in Italy. After selling its electricity and gas brand and market activities to another operator in early 2023, the company has continued its energy efficiency operations and retains minority participations in renewable energy group companies (Energrid, Rena Energia, Green Wind 2, Solcap Green, and Green Network Holding Rinnovabili).
Product overview
Green Network Group operates as a platform of subsidiaries focused on energy efficiency and renewable energy solutions. The company exited the electricity and gas retail market in early 2023 and has transitioned to providing energy efficiency services while maintaining equity stakes in renewable energy companies including Energrid, Rena Energia, Green Wind 2, Solcap Green, and Green Network Holding Rinnovabili.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy Efficiency Services Energy efficiency consulting and services provided to clients to reduce energy consumption and optimize energy usage. Continued as the company's core activity after the divestiture of its electricity and gas supply business in early 2023.
- Renewable Energy Solutions Equity participations in renewable energy and sustainable energy infrastructure through subsidiary companies including Energrid, Rena Energia, Green Wind 2, Solcap Green, and Green Network Holding Rinnovabili, covering wind, solar, and broader renewable energy operations.
Companies that use Green Network Group
Customer profileIdeal customer profiles2 records
Green Network Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Green Network Group partnerships and signals
Strategic signalPartnerships
Five partnerships are on record.
- EnergridGreen Network holds a participation in Energrid, one of the group companies operating in the energy sector.
- Rena EnergiaGreen Network holds a participation in Rena Energia, operating in the energy sector.
- Green Wind 2Green Network holds a participation in Green Wind 2, operating in the renewable energy sector.
- Solcap GreenGreen Network holds a participation in Solcap Green, a group company in the energy/renewable sector.
- Green Network Holding RinnovabiliGreen Network holds a participation in Green Network Holding Rinnovabili, operating in the renewable energy sector.
Scale indicators2 records
Recent moves9 records
Expansion highlights3 records
Green Network Group competitors and assessment
Company assessmentDirect peers
- Plenitude (Eni): Plenitude is Eni's retail energy and renewable subsidiary, supplying electricity and gas to Italian households and businesses. Comparable as a large Italian energy retailer that has integrated downstream into renewables, mirroring Green Network's pre-divestiture trajectory.
- Acea: Acea is the Rome-headquartered multi-utility, geographically the closest comparable to Green Network. It operates electricity distribution, retail supply, and renewable generation in the same Latium market and competes for the same energy efficiency and ESCO contracts.
- Iren: Iren is a Genoa-based Italian multi-utility with electricity, gas, and environmental services plus renewable generation. Comparable diversified energy profile overlapping Green Network's combination of supply heritage, energy efficiency services, and renewable participations.
- Edison: Edison is one of Italy's largest electricity and gas operators with significant renewable generation assets. Comparable as a historical Italian energy supplier with renewable exposure, providing a reference point for Green Network's pre-2023 retail business and residual renewable equity stakes.
- Sorgenia: Sorgenia is an Italian independent electricity and gas retailer historically comparable in size and customer base to Green Network's pre-divestiture retail business. Both positioned as challenger suppliers in the Italian libera mercato segment, competing for residential and C&I customers against incumbent majors.
- A2A: A2A is a Milan-headquartered Italian multi-utility with generation, distribution, and retail electricity/gas operations. Comparable to Green Network's residual energy efficiency services plus renewable generation holdings, with broader scale across the Lombardy/Italian market.
- ERG: ERG is one of Italy's leading pure-play wind and solar operators. Comparable through Green Network's minority stakes in Green Wind 2 and Solcap Green, which expose it to the same Italian wind/solar value chain that ERG operates directly.
- Hera: Hera is a Bologna-based Italian multi-utility active in electricity, gas, district heating, and environmental services, with growing renewable exposure. Comparable as a vertically integrated Italian energy operator with adjacent energy efficiency offerings.
Broad incumbents
- Enel: Enel is the dominant Italian utility and one of the largest integrated electricity and renewables operators globally. Comparable as the market-leading incumbent against which Green Network's pre-divestiture retail supply and residual renewable participations were positioned.
Emerging players
- Renantis (formerly Falck Renewables): Renantis operates and develops wind and solar projects primarily in Italy, the UK, and the US. Comparable through its focus on Italian wind development, mirroring the asset class in which Green Network holds minority stakes via Green Wind 2.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Green Network Group social profiles
Digital presenceGreen Network Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Green Network Group leadership team
Management profileNumber of profiles
Green Network Group subsidiaries and ownership
Company hierarchySubsidiaries5 records
Green Network Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Green Network Group 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 Green Network Group
What does Green Network Group do?
Green Network Group (Green Network S.p.A.) previously transmitted and supplied electric energy and gas to residential, commercial, and industrial customers in Italy. After selling its electricity and gas brand and market activities to another operator in early 2023, the company has continued its energy efficiency operations and retains minority participations in renewable energy group companies (Energrid, Rena Energia, Green Wind 2, Solcap Green, and Green Network Holding Rinnovabili).
Is Green Network Group a public or private company?
Green Network Group is a private company. It is classified as unknown and is currently operating.
When was Green Network Group founded?
Green Network Group was founded in 2003. It employs 101 to 250 people.
Where is Green Network Group based?
Green Network Group is headquartered in Roma, Italy, in the Europe region.
Who are Green Network Group's main competitors?
Direct peers on record are Plenitude (Eni), Acea, Iren, Edison, Sorgenia, A2A, ERG and Hera. Enel is listed as a broad incumbent. Renantis (formerly Falck Renewables) is listed as an emerging player.
Does Green Network Group have an API?
No public API is recorded for Green Network Group.
What industry is Green Network Group in?
Green Network Group's product category is Energy Efficiency Services. Its primary akta.pro industry code is EUAGACAE, C&I Renewable Supply & Green Tariffs (Bundled RE, Sleeves, Utility Green Tariffs), with a secondary code of EUAGAFAE, Green Power Retailing & Bundled Supply (Energy + Certificates). Its NAICS code is 2211 and its SIC code is 4911.