ForGreen

What ForGreen does

ForGreen Spa Società Benefit is an Italian renewable energy utility and energy-sharing platform headquartered in Verona, founded in 2009. The company supplies 100% EKOenergy-certified renewable electricity to residential and business customers across Italy and operates as the founding technical partner of three energy cooperatives (WeForGreen Sharing, Energia Verde WeForGreen, Energyland) with 16.4 MWp of installed photovoltaic capacity across 18 plants. Its core technology platform enables 'virtual self-production' — a cooperative model that allows members to virtually produce and consume renewable energy regardless of physical location, supporting households and businesses that cannot install rooftop solar (apartments, historic centers, rentals). ForGreen also develops and manages Renewable Energy Communities (CERs), interfacing directly with Italy's GSE (Gestore Servizi Elettrici) for incentive registration.

The company generates revenue through three primary streams: (1) usage-based renewable energy supply contracts billed per kWh consumed; (2) professional services via its Advisory & Consulting division (launched 2025) covering CER development, ESG/CSRD sustainability reporting, Be Emission Free carbon assessment, and EKOenergy certification advisory; and (3) recurring cooperative membership revenues through the WeForGreen network, where member financing reached 3.26M EUR (+57% YoY) in 2025 and distributed 956,691 EUR in member benefits. Pricing for CER participation is anchored to GSE tariff incentives (60-120 EUR/MWh plus 8 EUR/MWh valorization) and PNRR capital contributions covering up to 40% of investment costs.

Customer segments span residential (Privati), SMEs and large enterprises (Aziende/PMI), third-sector entities, and agricultural businesses — the last reached via a February 2026 strategic partnership with Coldiretti Lombardia. GTM combines direct sales, community-led growth through the WeForYou referral program (1,200+ new adhesions since 2021), and event-driven enterprise engagement. ForGreen is privately held, operates as a Società Benefit with UN Global Compact membership since 2016, and is led by CEO Gabriele Nicolis and President Giampaolo Quatraro. The WeForGreen cooperative group reported 2.3M EUR turnover (+16% YoY) and 815,202 EUR EBITDA (35.5% margin) in 2025; standalone ForGreen Spa revenue is not separately disclosed.

Name

ForGreen

Legal name

ForGreen Spa Società Benefit

Website

https://forgreen.it

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

ForGreen is an Italian renewable energy utility that supplies 100% EKOenergy-certified electricity to residential and business customers and operates three energy cooperatives enabling virtual renewable energy self-production for members across Italy.

Ownership category

akta.pro rank

Product category

Renewable Energy Supply and Energy Community Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)

akta.pro secondary industry

Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH)

Keywords

• Renewable energy supply
• Energy community development
• Energy sharing services
• Sustainability consulting
• Carbon neutrality advisory

Headquarters

HQ city

Verona

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Renewable Energy Supply (Fornitura Energia Rinnovabile): ForGreen supplies 100% certified renewable electricity to residential and business customers. Revenue is generated through electricity supply contracts based on consumption (kWh). Customers receive EKOenergy certified energy with full supply chain traceability. The company purchases energy from its own and partner photovoltaic plants and sells it to community members.
2. Advisory & Consulting Services: ForGreen provides paid consulting services for CER development and management, ESG sustainability reporting, carbon neutrality assessment (Be Emission Free), and EKOenergy certification. Services include feasibility analysis, legal constitution, administrative management, and impact reporting for businesses and public entities.
3. Cooperative Energy Model (WeForGreen): ForGreen, as founding partner, supports three energy cooperatives (WeForGreen Sharing, Energia Verde WeForGreen, Energyland) generating revenue through energy sharing. The cooperatives collected 3.26 million euros in member financing (+57% YoY) and distributed 956,691 euros in benefits to members in 2025, with a total turnover of 2.3 million euros.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

ForGreen supplies 100% EKOenergy-certified renewable electricity to residential and business customers across Italy, develops and manages Renewable Energy Communities (CERs/Comunità Energetiche Rinnovabili) through which members virtually autoproduce and share photovoltaic energy, and delivers Advisory & Consulting services covering CER constitution, ESG/CSRD/ESRS-aligned sustainability reporting, and carbon neutrality assessment (Be Emission Free).

Product overview

ForGreen is a benefit corporation (Società Benefit) offering a comprehensive suite of energy services centered on renewable energy sharing and community development. The core offering consists of Energy Sharing, Energy Management, and Asset Management services. The Advisory & Consulting division, launched in 2025, provides specialized modules including Be Emission Free (carbon neutrality assessment), Sustainability Reporting, CER Impact Reports, EKOenergy certified energy supply, and full Renewable Energy Community (CER) development services. The company also operates through the WeForGreen cooperative model (WeForGreen Sharing, Energia Verde WeForGreen, and Energyland), which enables virtual autoproduction of renewable energy for members across Italy.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Sharing A service enabling shared renewable energy production and consumption through cooperatives, allowing members to virtually autoproduce and consume energy from photovoltaic plants regardless of physical location.
• Energy Management Service focused on optimizing energy consumption and management for businesses and individuals, including monitoring, efficiency consulting, and procurement optimization.
• Asset Management Service for managing renewable energy assets and infrastructure for clients, including photovoltaic plants operated within the WeForGreen cooperative portfolio.
• Advisory & Consulting Extended service area launched in 2025 providing guidance to companies and entities on sustainability paths, ESG reporting, and renewable energy community (CER) development.
• Be Emission Free Environmental assessment and CO2 compensation pathway helping companies achieve carbon neutrality through optimized policies and certified carbon credits under the GHG Protocol.
• Sustainability Reporting (Rendicontazione di Sostenibilità) Sustainability report and impact assessment service monitoring and improving environmental and social performance, aligned with CSRD and ESRS standards.
• CER Impact Report (Report di Impatto CER) Impact report service measuring and communicating the environmental, social, and economic benefits of Renewable Energy Communities.
• EKOenergy Certified Energy Supply 100% certified renewable energy supply under the international EKOenergy label, providing full supply chain traceability and funding for climate and biodiversity projects.
• Renewable Energy Community Development (CER) Full advisory and management service for creating and developing Renewable Energy Communities, including feasibility analysis, legal constitution, GSE accreditation, technical implementation, and impact reporting.
• WeForGreen Cooperative Energy Model Group of three energy cooperatives (WeForGreen Sharing, Energia Verde WeForGreen, Energyland) based on virtual autoproduction of renewable energy, with ForGreen as founding partner and technical operator; 16.4 MWp installed capacity across 18 plants.

Quantifiable outcome

• Over 7,000 tonnes CO2 avoided and over 16,000 barrels of oil saved through energy sharing activities
• +4 more outcomes

Named customers2 records

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

Seven partnerships are on record, tiered minor and core.

• Legacoop FVG / CoopfondminorStrategic or Co-development Partner · 10 April 2026ForGreen participated in the Legacoop FVG event organized by Coopfond on cooperative finance instruments for sustainable energy development. Giampaolo Quatraro, ForGreen CEO and Board Member of WeForGreen Sharing, presented the cooperative energy model to cooperative finance actors including Coopfond, CFI, Fin4coop, Cooperfidi, and Sefea Impact Sgr.
• Coldiretti LombardiacoreStrategic or Co-development Partner · 3 February 2026Strategic alliance for 'Energia agricola a km 0' project enabling Lombardy agricultural businesses with photovoltaic systems to sell renewable energy directly to ForGreen. Participating farms receive simplified billing, revenue management, and EKOenergy certification for green credentials. The partnership extends ForGreen's reach to thousands of Coldiretti member businesses across Lombardy, supporting regional sustainable agriculture and energy transition without soil consumption.
• CER Lucense 1923coreStrategic or Co-development Partner · 26 January 2026ForGreen serves as technical advisor to CER Lucense 1923 (Società Cooperativa Benefit), supporting the renewable energy community in definition of technical processes, strategic and values alignment, and European requirements. ForGreen supported the CER in achieving European Climate Pact Partner status and winning the ENERCOM Facility grant of 45,000 euros from the LIFE programme. CER Lucense operates across multiple national market zones through separate CACER configurations for different primary substation areas, with 10 projects in development.
• UN Global CompactcoreStrategic or Co-development Partner · 1 January 2016ForGreen has been a member of the UN Global Compact since 2016, aligning its business strategies with universal principles on human rights, labor rights, environmental protection, and anti-corruption. This membership demonstrates commitment to the Sustainable Development Goals (SDGs) and requires annual communication of progress (COP).
• WeForGreen Sharing, Energia Verde WeForGreen, EnergylandcoreStrategic or Co-development PartnerForGreen is founding partner and technical operator of three energy cooperatives that enable virtual self-production of renewable energy across Italy. ForGreen designed the overall model, contributing industrial, technological, financial, and governance structures. The cooperatives have 16.4 MWp installed capacity across 18 plants and distributed 956,691 euros in member benefits in 2025. WeForGreen Sharing, Energia Verde WeForGreen, and Energyland operate as separate legal entities under the group structure.
• EKOenergycoreStrategic or Co-development PartnerEKOenergy is the only European label for sustainable electricity certification, promoted by a coalition of 42 European environmental associations. ForGreen is the only Italian operator providing exclusively EKOenergy certified energy to all customers. The partnership ensures supply chain traceability and funds climate and biodiversity projects in developing countries.
• REScoop (European Federation of Energy Cooperatives)minorStrategic or Co-development PartnerWeForGreen cooperatives participate in REScoop, the European federation of energy cooperatives representing thousands of cooperatives and over two million citizen-members. Participation in REScoop General Assemblies provides access to European network, best practice sharing, and institutional representation in EU energy policy discussions.

Scale indicators11 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Enel Energia: Italy's largest electricity retailer and part of the Enel Group, with extensive renewable generation, retail energy supply, and emerging CER/community energy programs. Comparable as a renewable retail supplier and CER developer but at vastly larger scale and broader portfolio versus ForGreen's specialist positioning.
• Acea Energia: Rome-headquartered Italian multi-utility providing electricity and gas retail, renewable generation, and sustainability services to residential and business customers. Comparable as a renewable retail supplier and ESG/sustainability service provider, with deeper capital and broader geographic reach than ForGreen.

Direct peers

• Agsm Aim: Multi-utility headquartered in Verona (same city as ForGreen) operating in electricity and gas retail, renewables, and district heating. Directly competes with ForGreen in the Verona/Veneto territory for retail energy customers and renewable generation, with overlapping small/mid-market customer focus and Italian regulatory exposure.
• Dolomiti Energia: Italian energy company rooted in Trentino cooperative tradition (heir to former Edison/Sel hydroelectric concessions) supplying renewable electricity and gas to retail and business customers. Comparable to ForGreen on cooperative/Italian heritage, renewable retail supply, and focus on energy communities.
• A2A Energia: Italian multi-utility offering renewable electricity supply, distributed generation, and energy community programs to residential and business customers. Comparable on renewable retail supply, customer segments, and Italian regulatory exposure, with broader geographic coverage and larger generation asset base.
• Iren Mercato: Italian multi-utility active in electricity and gas retail, renewable generation, and energy community development across northern Italy. Comparable on retail renewable supply to residential and business customers, plus CER development services, with deeper capital and a multi-regional footprint versus ForGreen.
• Edison Energia: One of Italy's largest electricity retailers with dedicated renewable energy offers, energy community/CER initiatives, and sustainability services for residential and business customers. Directly comparable to ForGreen on renewable retail supply, customer segments, and ESG advisory offerings, but at materially larger scale.
• Alperia: South Tyrol-based Italian energy company with cooperative roots, operating hydroelectric generation and retail supply of renewable electricity to residential and business customers. Comparable to ForGreen on cooperative governance model, Italian renewable retail focus, and energy community development.
• Estra: Italian multi-utility with roots in the cooperative/municipal tradition, supplying gas and electricity (including renewable offers) to retail and business customers in central Italy. Comparable on cooperative-style governance, renewable retail supply, and Italian market exposure to ForGreen's model.

Others

• REScoop: European federation of thousands of energy cooperatives and over two million citizen-members across Europe. Directly comparable to the WeForGreen cooperative model, and is an existing partner of ForGreen/WeForGreen, providing benchmarking, EU policy representation, and cross-border scaling opportunities for cooperative energy models.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/forgreenspasb
• Xx.com/forgreenspa
• Facebookfacebook.com/ForGreenSpaSB

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 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 ForGreen