Clean energy-tech champion Aira launches in Italy to take one million Italian homes off gas

News

14

November

2023

Today, Swedish based clean energy-tech company, Aira, launches in Italy, on its mission to take Europe off gas and accelerate decarbonisation.

Aira offers an ecosystem of clean energy-tech solutions including intelligent heat pumps, solar panels, battery storage and electricity tariffs. With Aira, Italian households will save 55% on energy related costs and reduce CO₂ compared to current fossil fuel-based solutions.

Clean energy-tech champion Aira launches its Italian operations to tackle Europe’s third largest emitting sector of CO₂ – residential heating. Its innovative and accessible clean energy-tech solution, with an intelligent heat pump at the heart, will help Italian households significantly reduce heating bills and carbon emissions.

In Italy, 67% of households still use fossil fuels for heating, a practice that plays a significant role in the residential heating sector's contribution of 12% to the nation’s total CO₂ emissions.

The electrification of heating is a critical enabler for Italy and for Europe to meet its Fit-for-55 targets.

By switching from a gas boiler to a heat pump, households will save more than 40% on heating costs and reduce both energy consumption and CO₂ emissions by 75%, without making any lifestyle changes. Aira makes the switch affordable and accessible with a unique offering comprising an all-inclusive plan, a comfort guarantee, and 30-day order to installation commitment – with zero upfront cost. Additionally, Italian customers benefit from a subsidised financing solution and support obtaining tax deductions, enabling a low monthly payment plan.

Aira is now spearheading clean energy-tech for every home to drive electrification, to reduce customer heating bills and to get Italy off gas:

  • To begin, Aira’s offering is available in six regions – Lombardy, Piedmont, Lazio, Marche, Abruzzo and Umbria – and will continue its rapid expansion.
  • Today, Aira Italy is a team of 150 people, consisting of clean energy experts, technicians, and commercial roles.
  • Through the acquisition of the well-reputed installation company TermoCinque in Marche, earlier this year, Aira has secured local specialists and the necessary Italian market expertise.
  • The ambition is to hire 4000 employees over the next decade and to establish Aira Academies across Italy for training its clean energy experts.
  • Aira has partnered with Dolomiti Energia, to offer customers the greenest and cheapest electricity tariff in the market ‘Simply The Best Energy’. This offer includes a variable price tariff and a 10% discount on the PUN, which is the best kWh price in Italy.
  • Aira is collaborating with prestigious technical institutes including Politecnico di Milano to build a programme aimed to train and grow green skills and talent in this sector.

“We are excited to bring our experience in the clean energy and sustainability sector to Italy. With our passion and expertise in innovation and sustainability, we have the ambition to become protagonists in the country's energy transformation, promoting economic growth and reducing environmental impact. Together, we can build a brighter and greener future.”

Mats Ulriksson
Aira Italy CEO

Martin Lewerth, Aira Group CEO, believes “Italy is a crucial market to decarbonise, being one of Europe's most populated countries, and with a heat pump penetration rate of only 6%. We are excited to introduce Aira's innovative home energy solution in Italy and we are confident that our offering and value proposition, which includes substantial consumer cost savings, no need for lifestyle changes, and a zero upfront payment model, will be well-received. We are here to accelerate the important and much needed transition from dirty gas boilers to clean heat pumps.”

James Anderson, Managing Partner and CIO, Lingotto Investment Management, adds “at Lingotto we deploy long-term capital to back great companies, that are well positioned to capitalise on long term trends and are innovating to address the most pressing global issues. In Aira, we see a unique opportunity with great potential for success in achieving its ambitious goals for clean energy technology in residential heating. We are excited about Aira's launch in Italy where we believe the market aligns well with Aira's strategy and offering.”

For further questions

Pamela Brown, Group CMO

press@airahome.com

+44(0)7884 313193

About Aira

Aira provides clean energy-tech solutions to consumers and is set to become Europe’s number one direct-to-consumer brand within the industry. Aira accelerates the electrification of residential heating with intelligent clean energy-tech to enable the net zero future we all need. With Aira, consumers across Europe have a go-to-provider for complete home energy saving solutions, with intelligent heat pumps at the heart. Aira’s consumer-centric monthly payment plan model and vertical integration enable best-in-class consumer economics and cost leadership. Aira’s mission is to empower people to join the clean energy revolution, one home at a time. Founded in Stockholm, Sweden, by Vargas Holding and backed by climate and innovation investors including Altor, Collaborative Fund, Creades, Kinnevik, and Lingotto.

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