Energy efficiency is the critical competitive driver in the residential heating sector, both for economic and environmental reasons. Therefore, heating solutions are increasingly becoming more efficient. The company has a large Environmental Impact because it provides the best applicable technology while replacing old and inefficient heating solutions. Energy Wave also drives a CO2 emissions reduction, since its advanced heating devices (i.e. condensing boilers) are much more efficient than their older alternatives and every unit of energy saved naturally entails a corresponding CO2 emission reduction. The Environmental Impact driven by buildings under contract with Energy Wave in 2018 has been estimated to be 5,473 ton of oil equivalent (ToE) of Energy Saved and 13,985 tons of CO2 Emission Reduced.
Energy Wave is an Energy Service Company (ESCo) with headquarters in Alessandria (Italy) and six commercial offices across North West Italy. It was established in June 2018 as a spin-off of the energy service business of Restiani S.p.A.. Energy Wave offers energy efficient heating solutions to private residential customers, with a leading market position and strong brand recognition in core provinces of North West Italy. The company is focused on installing, maintaining and operating gas-fired centralized heating systems aimed at reducing costs for heating and reducing energy consumption.
Ambienta invested in Energy Wave in August 2017.
Ambienta only invests in businesses which have a positive impact on the environment through either, or both, a Resource Efficiency or Pollution Control contribution. Our proprietary methodology, the Environmental Impact Analysis, allow us to measure the contribution of different businesses to sustainability in terms of Resource Efficiency and Pollution Control which we capture through 11 Environmental Metrics.
For each portfolio company we report its impact in relation to our metrics.
Energy Wave’s contribution to Resource Efficiency is summarized by the following Environmental Metrics and SDGs:
Energy Wave’s contribution to Pollution Control is summarized by the following Environmental Metrics and SDGs:
CO2 Emissions Reduced
Sustainabile Development Goals
Our Methodology and Metrics are fully aligned with the UN Sustainable Development Goals adopted in 2015. Through our investment scope definition that focuses on products and services that improve Resource Efficiency and Pollution Control we fully capture 10 of the 17 Goals and their respective sub-goals.
For each portfolio company we report its impact in relation to the SDGs.