trending Market Intelligence /marketintelligence/en/news-insights/trending/o_bhdqf7scyjvnyvge8j1a2 content esgSubNav
In This List

Enel unit to acquire energy efficiency services company Yousave

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Enel unit to acquire energy efficiency services company Yousave

Enel SpA subsidiary Enel X Italia has agreed to acquire the main business unit of Yousave, an Italian company with offerings including energy efficiency services.

Through the implementation of its energy management systems, Yousave can help industrial and service companies attain energy savings, optimize internal processes, reduce emissions and increase environmental sustainability, according to a July 6 news release.

"The Yousave business modell, based on the pursuit of energy efficiency and leveraging the consumption flexibility and assets of its customers, fits perfectly with the strategy of Enel X and will further strengthen its capacity for innovation and develop the pipeline of planned projects and investments more effectively," Fabio Sannino, Yousave's legal representative, said in a statement.

Enel X is the division of Italian energy company Enel developing products and digital solutions for consumers. Financial terms of the transaction were not disclosed in the news release.