Page 12 - EIF_CIP case studies

Who would not want to replace lead-acid batteries, diesel gensets and other polluting technologies with an innovative energy source that does not produce emissions and requires fewer raw materials? Electro Power Systems, an Italy-based company is providing a ground-breaking solution: an advanced fuel cell system.

From the biting cold of Northern Europe to the monsoon corridor within India, its products can be used all over the world, at every latitude and under extremely challenging operational conditions. At the same time, the fuel cell systems deliver 100% clean energy and save money, time and a signifcant amount of CO

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It all started in 2007 when Adriano Marconetto noticed that there was no resource-friendly energy provider on the Italian market. After a few years of research & development and thanks to the investment of 360 Capital One, a venture capital fund, the partners/founders were able to launch their business.

“Just a few years ago, we would have never imagined how fast our company would grow. We are on the way to becoming a worldwide leader in the provision of clean energy”, says CEO Adriano Marconetto. “This is only possible because we received the resources we needed and found like-minded investors who believed in our innovative concept and our abilities to realise it.”

In recognition of its vision, pragmatic execution and successful use of fuel cell technology, Electro Power Systems has been selected as Technology Pioneer 2012 by the World Economic Forum.

Company: Electro Power Systems Spa, Torino

Type of business: Fuel cell systems EU-supported investment through 360 Capital One: EUR 5 million

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Italy

Leading the way on clean energy