What Ecotermica Servizi does

Ecotermica Servizi S.p.A. (ETS), headquartered in Turin and founded in 2006 within the broader Ecotermica group (whose activities trace to 1992), designs, finances, builds, owns and operates urban district heating (teleriscaldamento) networks together with cogeneration and trigeneration plants across northwestern Italy. The technical stack covers pre-insulated underground hot-water distribution networks, cogeneration engines, biomass and pellet boilers, vegetable-oil-fired units, and — most recently — a waste-heat-recovery configuration drawing heat from the Iplom refinery at Busalla. ETS serves three customer layers: Italian municipal governments and public entities (Ivrea, Banchette, Costigliole di Saluzzo, Prato Nevoso, Pré-Saint-Didier, Busalla and the pipeline project in Cirié), institutional anchors such as the Biella university citadel and correctional facilities, and industrial clients such as Olsa SpA (Magna International) in Moncalieri.

The company monetizes heat through long-term supply contracts with end-users (sub-station heat exchangers replacing individual boilers), delivers electricity, heat and cooling together to industrial sites via owned-and-operated trigeneration assets, and offers ESCo energy diagnosis (UNI ISO 11352 certified) and third-party plant design services. Pricing is contractual and project-specific, with durations tied to plant size, investment value and energy-efficiency certificate (TEE) terms rather than a published tariff.

ETS is a Società del Gruppo Fratelli Visconti SAPA, which took controlling ownership in 2018 from Pegaso Investimenti, and since 2021 has carried Whitehelm Capital as a 45% infrastructure-investor partner. Operational reach is concentrated in Piedmont, Aosta Valley and Liguria, with eight active plants plus the Sauze d'Oulx concession (Meco Sauze srl) and EU PNRR-funded Busalla network in buildout.

Name

Ecotermica Servizi

Legal name

Ecotermica Servizi S.p.A.

Website

https://ecotermica.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Ecotermica Servizi is a Turin-headquartered Italian utility that finances, builds, owns and operates urban district heating, cogeneration and trigeneration plants, supplying heat, electricity and cooling to municipalities, public institutions and industrial clients across northwestern Italy.

Ownership category

akta.pro rank

Product category

District Energy Services

NAICS

Steam and Air-Conditioning Supply (221330), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Biomass CHP & Cogeneration Plants (Industrial & Utility) (EUAAAGAA)

akta.pro secondary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

Keywords

• District heating systems
• Cogeneration plants
• Trigeneration solutions
• Urban energy infrastructure
• Thermal energy supply

Headquarters

HQ city

Turin

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Heat Supply from District Heating: ETS constructs and operates district heating networks and supplies thermal energy to residential, commercial, and public users year-round for space heating and domestic hot water. Each building is served by a sub-station with a heat exchanger replacing the individual boiler. Revenue is generated through long-term energy supply contracts with customers.
2. Cogeneration and Trigeneration Energy Supply: ETS builds trigeneration and cogeneration plants at its own expense and supplies electricity, thermal, and cooling energy to industrial clients. ETS owns the plant and provides full operation, routine and extraordinary maintenance over the contract term, which varies by plant size, investment value, and TEE (energy efficiency certificate) duration.
3. Plant Design and Development for Third Parties: ETS provides consulting and design services for the development of district heating, cogeneration, and trigeneration plants for clients who wish to undertake such projects independently. Services include final economic plan, executive and construction design, works supervision, start-up, and staff training.
4. Energy Efficiency Services: ETS performs energy diagnosis of client sites and defines solutions to reduce consumption and increase energy efficiency, having obtained UNI ISO 11352 (ESCo) certification.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ecotermica Servizi S.p.A. builds, finances, and operates urban district heating networks and cogeneration/trigeneration plants in northwestern Italy, supplying thermal energy, electricity, and cooling to municipalities, public bodies, residential users, and industrial clients under long-term supply contracts. The company is a single interlocutor managing the full project lifecycle from feasibility, permitting, and financing through construction, commissioning, operation, and maintenance, with plants using natural gas, woody biomass, vegetable oils, and waste heat recovery. It also offers ESCO-certified energy efficiency services and third-party plant design and development.

Product overview

Ecotermica Servizi (ETS) operates as a unified energy services platform offering district heating (teleriscaldamento), cogeneration, and trigeneration solutions. The company designs, builds, and manages district heating networks and energy plants for residential, commercial, public, and industrial clients. Services include heat supply, energy efficiency consulting, and plant design/development for third parties. The ETS portfolio comprises multiple district heating plants across Italy (Ivrea, Banchette, Costigliole di Saluzzo, Biella, Pré-Saint-Didier, Prato Nevoso, Busalla, Moncalieri) and operates as a subsidiary of Fratelli Visconti Sapa with Whitehelm Capital as a 45% investor since 2021.

Differentiator

Problem solved

Functional benefit

Products and services

• District Heating (Teleriscaldamento) Urban district heating service that distributes thermal energy from a central plant through insulated underground pipelines to residential, commercial, and public buildings, replacing individual boilers with heat exchangers and supplying space heating and domestic hot water year-round. Eight operational plants located across northern Italy (Ivrea, Banchette, Costigliole di Saluzzo, Biella Città Studi, Prato Nevoso, Pré-Saint-Didier, Busalla, Sauze d'Oulx).
• Cogeneration (Cogenerazione) Simultaneous generation of electricity and heat from a single process using natural gas, biomass, or vegetable oils, recovering waste heat that would otherwise be dissipated to improve overall conversion efficiency and reduce primary energy consumption and emissions.
• Trigeneration (Trigenerazione) Integrated cogeneration systems that additionally produce cooling energy through absorption chillers, enabling simultaneous generation of electricity, heat, and chilled water to enable full utilization of cogeneration capacity in summer months when heating demand is low.
• Heat Supply Service from District Heating Supply of thermal energy from district heating networks for space heating and sanitary hot water under long-term energy supply contracts; each building is served by a heat-exchanger substation that replaces the individual boiler.
• Cogeneration and Trigeneration Energy Service Supply of thermal, electrical, and cooling energy from cogeneration and trigeneration plants built and owned by ETS on the client's site, with full operation and routine/extraordinary maintenance over a contract term that varies by plant size, investment value, and TEE duration.
• Energy Efficiency Service (ESCo) Energy diagnosis of client sites and definition of solutions to reduce consumption and increase energy efficiency, performed under UNI ISO 11352 (ESCo) certification, including state-of-the-art verification, energy-needs analysis, and implementation planning.
• Plant Design and Development Service Consulting and design services for the development of district heating, cogeneration, and trigeneration plants for clients who wish to undertake such projects independently, including final economic plan, executive and construction design, works supervision, start-up, and staff training.

Quantifiable outcome

• District heating plants save significant fuel compared to traditional individual heating systems, reducing emissions and increasing energy efficiency
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor.

• Gruppo Metan AlpiminorStrategic or Co-development PartnerEcotermica Servizi and Gruppo Metan Alpi collaborated to realize the district heating project in Sauze d'Oulx (TO), with ETS acquiring 60% of Meco Sauze srl in 2023, the concessionaire for the construction and operation of the Sauze d'Oulx district heating plant.
• Fenice SpA (Gruppo EDISON)minorStrategic or Co-development PartnerIn 2019, Fenice SpA (part of the EDISON group) entered the Ecotermica Cirié srl project company alongside ETS to develop a district heating project in Cirié. This represents a strategic co-development arrangement for the Cirié project.
• Prato Nevoso Termoenergy srlminorOthersEcotermica Servizi acquired from Prato Nevoso Termoenergy srl the business unit comprising the Prato Nevoso district heating plant, including the production plant, distribution network, customer substations, energy supply contracts, and operating contracts, as well as the human resources operating the plant. The acquisition was completed on January 26, 2024.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Engie Italia: Subsidiary of global utility Engie, operates district heating and energy services across multiple Italian cities. Comparable as a large incumbent offering cogeneration, district heating, and energy efficiency solutions to public and industrial clients.
• A2A S.p.A. One of Italy's largest district heating operators with networks in Milan, Brescia, and Bergamo. A diversified multi-utility at much larger scale, but directly comparable in core technology and customer segments (municipalities, residential, industrial).
• Edison S.p.A. Italian energy major whose subsidiary Fenice SpA is already a co-development partner with ETS on the Cirié project. Operates thermal energy and energy efficiency services across Italy with significant industrial customer overlap.
• Hera S.p.A. Multi-utility operating district heating in Emilia-Romagna (Modena, Ferrara, Forlì) and other Italian regions. Comparable in offering integrated district heating and energy efficiency services to municipalities and industrial clients.
• Iren S.p.A. Italian multi-utility operating district heating networks in Turin, Reggio Emilia, Genoa, and Parma with overlapping geographies to ETS in Piedmont and Liguria. Provides a broad portfolio of energy, water, and waste services but faces the same regulatory and fuel-mix dynamics as ETS.

Regional players

• Alperia S.p.A. South Tyrol-based utility operating district heating networks in Bolzano and other Alpine municipalities. Comparable in Alpine district heating expertise and biomass/waste heat utilization, but focused on a different regional market.
• Acinque S.p.A. Lombardy-based multi-utility operating district heating, gas distribution, and energy services. Comparable in serving municipal and residential customers via district heating networks at a similar regional scale to ETS.
• ASM Vigevano e Lomellina S.p.A. Lombardy-based multi-utility operating district heating in Vigevano and surrounding areas. Smaller-scale regional peer serving similar municipal and residential customers with comparable network and cogeneration technology.
• Dolomiti Energia S.p.A. Trentino-based multi-utility with district heating operations in Trento and surrounding Alpine municipalities. Similar customer base and technology profile to ETS but in an adjacent Alpine region.

Direct peers

• CPL Concordia S.c. Italian cooperative specializing in CHP/cogeneration plant design, construction, and operation across Italy. Closely comparable to ETS in cogeneration technology focus, multi-fuel expertise, and B2B/industrial customer orientation, though without ETS's district heating network emphasis.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ecotermica
• LinkedInlinkedin.com/company/ecotermica-servizi-s-p-a-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Ecotermica Servizi