Exergy has taken another significant step in its growth journey by issuing a €3 million minibond as part of the “Basket Bond – Energia Sustainability – Linked” program. The financing will support the consolidation and expansion of the company’s X heat industrial heat pump line, reinforcing Exergy’s commitment to innovation and sustainable development.
The program is promoted by Eni—Italy’s leading energy company active in the renewable sector—and ELITE, the Euronext Group ecosystem that facilitates access to private and public capital for Italian SMEs. The initiative also involves UniCredit as arranger and co investor alongside Cassa Depositi e Prestiti. Its mission is clear: channel capital toward companies pursuing ESG objectives, with a strong focus on environmental, social, and economic impact.
To date, the initiative has enabled four bond issuances for a total value of €16 million, benefiting ELITE companies NCM Srl, Exergy International SRL, and Miccolis S.p.A. Autolinee.
As our Deputy CEO Luca Pozzoni explains, securing this financing marks an important milestone for Exergy: “Joining the Basket Bond – Energia Sustainability – Linked program is a strategic step for our company, helping us diversify our funding sources and strengthen our growth trajectory. Issuing a minibond within a structured finance program allows us to access the capital markets on competitive terms, supporting our development plans—particularly our investments in innovation and R&D. The success of this initiative confirms the solidity of our financial profile and demonstrates institutional investors’ confidence in our business model and long term value creation.”
Innovation is deeply embedded in Exergy’s DNA. Over the years, this focus has enabled the company to secure funding through several EU programs dedicated to advanced technologies for a more efficient and resilient energy future. These include Fortissimo+, aimed at accelerating product and service innovation through high performance computing (HPC) and artificial intelligence (AI); and the “Smart ORC” project under the European Regional Development Fund (ERDF), which supported the development of modular mini and micro ORC systems based on Exergy’s radial outflow turbine for power generation from diesel engines, industrial flue gases, and waste heat. Also noteworthy is the “Velorc” R&D project funded under the “Ricerca e Innova” call, focused on developing compact, skid mounted small scale ORC modules equipped with ultra high speed axial turbines (VHSAT) for power generation from high temperature heat sources.
The €3 million minibond represents another key building block in Exergy’s evolution, confirming the strength of its industrial vision and its ability to attract capital dedicated to strategic technologies for the energy transition. With this new financial boost, the company will accelerate the development of its X heat industrial heat pumps and continue advancing toward increasingly efficient, future oriented solutions—reaffirming its commitment to technological excellence in research and development.
