Plenitude, a renewable electricity generation company owned by the Italian group Eni, and Modine Manufacturing Company, specialised in thermal management systems, have formalised the creation of a solar photovoltaic plant in Pocenia, in the province of Udine, Italy. With an installed capacity of 1.585 megawatt-peak (MWp), the plant will produce approximately 1.8 gigawatt-hours (GWh) of electricity annually, aimed at powering the thermal and refrigeration equipment at Modine’s industrial site.
Innovative energy contract
The project is based on a ten-year Energy Performance Contract (EPC). This agreement allows Modine to access renewable energy at a fixed cost, without requiring any upfront investment. This approach is part of an initiative to reduce and control energy costs in industrial operations.
Alongside the photovoltaic plant, the project includes the installation of modern thermal systems, featuring high-efficiency heat pumps with a combined capacity of five megawatts (MW), and condensing boilers totaling 4.6 MW. These installations aim to optimise energy consumption at the Italian facility, specifically by rationalising the production of heat and cooling needed for industrial activities.
An ongoing collaboration
This agreement is not the first between the two companies. Plenitude has previously completed two photovoltaic installations for Modine at industrial sites in Italy, located in Pocenia and San Vito al Tagliamento. These installations respectively have capacities of 2.5 MWp and 1.183 MWp, representing a significant portion of the energy capacity at these industrial locations.
Plenitude currently operates more than four gigawatts (GW) of renewable capacities across over 15 countries, with a stated target of reaching ten GW by 2028. The company also maintains infrastructure including 21,500 electric vehicle charging points, and provides energy services to approximately ten million customers.
Century-old thermal management expertise
Founded in 1916, Modine Manufacturing Company develops heat exchange systems for various markets, including industrial, commercial, and mobile applications. The publicly listed American company focuses its operations on energy efficiency and optimal energy resource management within its industrial processes.
Modine is a signatory of the United Nations Global Compact, thus committing to rigorous social responsibility and ethical conduct throughout its global operations. The company regularly highlights that its industrial strategy relies on integrating solutions that reduce the energy footprint of its processes, aiming for industrial competitiveness and operational cost reduction.
