# LLM Context
URL: https://weeg.it/comunicati-stampa/white-energy-group-ottiene-lo-status-di-pmi-innovativa-e-punta-a-trasformarsi-in-spa/

# White Energy Group gains innovative SME status and considers conversion to a joint-stock company

> White Energy Group reported €2 million in revenue for the first half of 2022, gained innovative SME status and began evaluating a transformation from an Srl into a joint-stock company to support growth, investment and its corporate structure.

## Page details

- **Source language:** Italian
- **Content type:** Press release
- **Original title:** White Energy Group ottiene lo status di PMI innovativa e punta a trasformarsi in SpA
- **English title:** White Energy Group gains innovative SME status and considers conversion to a joint-stock company
- **Source URL:** https://weeg.it/comunicati-stampa/white-energy-group-ottiene-lo-status-di-pmi-innovativa-e-punta-a-trasformarsi-in-spa/
- **Summary:** The article presents White Energy Group's first-half 2022 results, its innovative SME status, expansion of energy-efficiency and renewable-energy services, and an exploratory mandate to assess conversion into a joint-stock company.

## First-half 2022 results

White Energy Group reported revenue of €2 million for the first six months of 2022, an increase of €1.2 million compared with the same period of 2021. The shareholders' meeting reviewed and approved the first-half 2022 figures.

CEO Gianluigi Mele attributed the result to increased sales across the company's services. The article identifies consulting services named Orange, White and Blue, directly financed projects using the Energy Performance Contract model, and projects developed through special-purpose companies under Green initiatives.

## Business strategy

The company continued implementing strategic guidelines approved in June 2021, expanding its business lines to include:

- energy-efficiency services;
- renewable-energy services under an ESCO model;
- Energy Performance Contracts;
- Power Purchase Agreements for energy supplied by photovoltaic plants.

The stated mission is to support companies in their path toward sustainability.

## Innovative SME status

The article reports that the audit of the financial statements closed on 31 December 2021, which recorded €2.8 million in revenue and €192,000 in profit, concluded with recognition of innovative SME status on 31 May.

This step is described as aligned with the objective of creating conditions for future participation by investors and financiers in direct investments developed through Green initiatives.

## Evaluation of conversion to a joint-stock company

The shareholders' meeting gave the Board of Directors an exploratory mandate to assess converting White Energy Group Srl into a joint-stock company.

According to Gianluigi Mele, the reasons include strengthening the company's capital structure in relation to banks and investors and consolidating the Group structure.

## Group investment vehicles

The article identifies three special-purpose companies in which White Energy participates:

- **GES Srl:** develops cogeneration plants supplying electricity and heat to industrial companies.
- **Energia Futura Srl:** develops cogeneration plants supplying electricity and heat to industrial companies.
- **GHS Srl:** wholly controlled by White Energy and intended to manage direct photovoltaic investments carried out through the Green Solar PPA product.

## Employee incentives and growth

The article also states that conversion into a joint-stock company could make it easier to adopt an incentive plan designed to strengthen employees' connection to the business project and link them to the company's success. Mele said that convergence between shareholder and management interests over the medium to long term is expected to support White Energy's growth.