Energy, letter of intent with Austrian municipal Stadtwerke Amstetten

Energy letter of intent with Austrian municipal Stadtwerke Amstetten

(Finance) – Energythe Italian company at the head of the Energy Group, manufacturer of all hardware and software technology for BESS (Battery Energy Storage System) systems and related services, such as cloud control and engineering support, announces that its subsidiary Enermore has received confirmation, through a binding LOI (Letter Of Intent), the awarding of a tender for the supply and integration of an advanced energy management system (EMS) and a Battery Energy Storage System (BESS) to be 1MW/2,256kWh which will be installed at Stadtwerke Amstetten, an Austrian multi-service municipal company active in Austria.

The services offered by Stadtwerke Amstetten in the Amstetten region include the supply of electricity, water, gas and district heating, as well as waste and sewage management. The tender won has a value of Euro 700,000.

The agreement with Stadtwerke Amstetten, we read in a note, also provides for a commercial partnership through which the Energy Group will be able to expand its customer network in Austria, having access to the counterparty’s customers, making its know-how available to propose solutions with high added value, with a focus on servitization and energy efficiency.

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