(Alliance News) - Energy Spa on Tuesday announced the start of a collaboration with Higeco Energy Srl aimed at developing Renewable Energy Communities, in which Energy's storage systems will be a key component of the community.

Higeco Energy, an investee startup of the Higeco Group, has been developing IOT solutions for the world of monitoring and remote control in different market areas since 2008. Specializing in energy monitoring for industry, the company is committed to providing advanced energy management solutions designed to reduce waste and inefficiency and optimize the use of energy resources.

As Energy explains in a note, "the agreement aims to seize the momentum given by the increase, in recent months, of collective self-consumption configurations and energy communities, also driven by the publication of the Italian decree on CERs, which came into full effect on Jan. 24, 2024, after registration by the Corte dei Conti and, earlier, approval by the European Commission."

Energy closed Tuesday in the green by 1.3 percent at EUR1.95 per share.

By Claudia Cavaliere, Alliance News reporter

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