ERG SpA - Company Profile
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ERG SpA (ERG), a subsidiary of SQ Renewables SpA, is an independent energy utility company that generates clean energy from renewable sources such as wind, solar, and natural gas. The company’s major services include energy management and sales, operation and maintenance of wind and solar farms, business development, and mergers and acquisitions. It also provides supply, logistics, and wholesale business-related services. ERG has hydropower plants in Umbria, Marche, and Lazio and wind farms in Italy, France, Poland, Germany, Bulgaria, and Romania. The company operates in the US, Italy, France, Germany, the UK, Poland, Romania, Bulgaria, Sweden, and Spain. ERG is headquartered in Genoa, Liguria, Italy.
Headquarters
Italy
Address
Torre WTC - Via De Marini, 1, Genoa, Liguria, 16149
Website
www.erg.eu
Telephone
39 010 24011
No of Employees
660
Industry
Power
Ticker Symbol & Exchange
ERG (BIT)
Revenue (2024)
$798.5M
-0.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
4.7%
(2024 vs 2023)
Market Cap*
$4.0B
Net Profit Margin (2024)
XYZ
5.1%
(2024 vs 2023)
* As of and is in US$
ERG SpA premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Technical and Administrative Services |
| Power | Consulting Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In December, the company signed an agreement with Skelleftea Kraft AB for the electricity from its 62 MW Furuby wind farm in southern Sweden. |
| 2025 | Others | In November, the company commissioned its first Battery Energy Storage System in Vicari, Palermo. |
| 2025 | Contracts/Agreements | In September, the company through ERG Power Generation SpA signed three power purchase agreements with FS Group for the total supply of 1.2 TWh of renewable energy. |
Competitor Comparison
| Key Parameters | ERG SpA | Eni SpA | Enel SpA | Siemens Gamesa Renewable Energy SA | Nordex SE |
|---|---|---|---|---|---|
| Headquarters | Italy | Italy | Italy | Spain | Germany |
| City | Genoa | Rome | Roma | Zamudio | Hamburg |
| State/Province | Liguria | Lazio | - | Vizcaya | Hamburg |
| No. of Employees | 660 | 32,492 | 61,192 | - | 11,113 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Edoardo Garrone | Chairman | Executive Board | - | 65 |
| Paolo Luigi Merli | Chief Executive Officer, Director | Executive Board | 2006 | 55 |
| Michele Pedemonte | Chief Financial Officer | Senior Management | - | 51 |
| Renato Sturani | Chief Operating Officer | Senior Management | 2020 | 59 |
| Costantino Deperu | Chief Business Development, Engineering & Construction Officer | Senior Management | - | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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