CEO
Luca Raineri
Luca has been part of Lio since 2023. Former Senior Manager at Enfinity Global. Prior to this, he had experience at Eni. Management graduate from Bocconi University
Developing the energy transition
Lio Energy develops solar, battery storage and wind across Italy: a multi-asset platform built for de-risking.
WHERE LIO BEGAN
The group's first craft
Lio began as a renewable energy developer. Energy is where the group learned its trade: how to read land, secure grid, clear permits, and carry a project from an open question to an asset. Every platform that followed inherited that blueprint. More than four gigawatts of projects have passed through the team's hands in over fifteen years.
In 2023 the platform was relaunched as a multi-asset developer, spanning photovoltaic, battery storage and wind. The remit is deliberately open: as the transition widens, new technologies are evaluated and added where the same discipline applies.
The conviction behind the platform fits in one line of mathematics: every doubling of cumulative production makes a technology cheaper, by a constant fraction. Solar has obeyed that law for half a century; storage obeys it now. Learning curves do not reverse, which is why the transition endures and why ground prepared for it appreciates.
C(n) = C₁ · n(−α)WRIGHT, 1936
Wright's Law, the learning curve. Each doubling of cumulative production lowers unit cost by a constant fraction: observed in aircraft in 1936, in solar for fifty years, in batteries today. Learning curves do not reverse. The energy transition runs on one.
WHERE WE DEVELOP
A pipeline drawn on the country
The portfolio spans regions across the whole of Italy: north and south, sun and wind, generation and storage. Diversification is a design choice: geography, technology and revenue streams spread so that no single grid node, auction or season defines the outcome.
Beyond Italy, the same model is beginning to travel, selectively, where land, grid and discipline line up.
REGIONAL DISTRIBUTION
Capacity by region (MW)
Solar Portfolio
41PV Projects
~1.2 GWCapacity under development
~30 MWAverage plant size
BESS Portfolio
10BESS Projects
~1.5 GWCapacity under development
~150 MWAverage plant size
Wind Portfolio
4Wind Projects
~0.3 GWCapacity under development
~75 MWAverage plant size
WHY IT MATTERS
Breaking the link with gas
Power is priced at the margin by imported gas: when gas moves, the national electricity price moves with it, whatever share of the grid is renewable. Renewables paired with storage break that link. Cheap, clean, domestically produced power is not only a climate outcome: it is industrial competitiveness, and a country's ability to keep and attract the businesses that use it. The same logic now runs through demand and policy alike: economies that import their energy electrify first — Japan and Korea lead the world — and Europe has just made electrification a stated security and competitiveness strategy. Italy fits the description precisely.
WHAT WE DEVELOP
Multi-asset by design
Solar
Utility-scale photovoltaic in suitable areas, developed with an integrated reading of land, grid and execution.
Storage
Battery systems designed for grid flexibility, revenue stability and long-term industrial value, standalone and paired with generation.
Wind
Selective onshore development where resource, grid and territory align.
And next
The platform's remit is the transition, whichever technology carries it. Small modular reactors are on the watchlist: designs are moving from paper to construction, and Italy has reopened its nuclear conversation. The same discipline applies if and when they become buildable.
HOW WE WORK
The whole chain, in-house
Origination, land assembly, grid access, permitting, engineering: Lio Energy runs the full development chain internally, and carries each project to an institutional ready-to-build standard. Fifteen technical specialists in-house, extended by an ecosystem of a hundred external partners.
At ready-to-build, most projects pass to infrastructure partners. On strategic assets, the platform goes further: building and operating selectively, with in-house construction, asset management and PPA expertise carrying the asset into its operating life.
land
grid
permits
engineering
ready-to-build
INSIDE THE GROUP
Open market first, with demand inside
Lio Energy develops for the open market: projects are sold to infrastructure partners and utilities on their merits. Being inside the group adds to that: the group's data center campuses are natural offtakers, through private-wire connections and long-term PPAs that de-risk revenue before a project is built. And the knowledge compounds both ways: what Energy learns at the grid, Lio DC uses in site selection; what DC learns about load, Energy uses in design. Colocating generation with compute is where the industry is heading: data center operators are now the largest buyers of clean power. The group holds both sides of that equation.
“A good project is boring by the time it is sold: every question about land, grid and permits already answered. The excitement is ours; the certainty is the buyer's.”
LUCA RAINERI · CEO, LIO ENERGY
Meet the team
COO
Christian d’Alessio
Christian has been part of Lio since 2026. Former Managing Director Italy at Nordex, Country Manager of Italy at Plenuim Partners S.L. and Head of O&M and Engineering department at Sorgenia. Electronic Engineering graduate from Sapienza Università di Roma
Head of Legal
Emanuele Varenna
Emanuele has been part of Lio since 2026. Former Senior Legal Counsel at JUWI Group and Legal Counsel at Enfinity Global. Prior to this, he had experience at DWF. Law graduate from Università degli Studi di Milano
Associate
Davide Cianni
Davide has been part of Lio since 2023, working on both Lio DC and Lio Energy teams. Prior to this, he had experience at Generali. Management Engineering cum laude graduate from Politecnico di Milano