Giulio Centemero, League Group Leader on the Italy Finance Committee, has highlighted the potential of tokenization in streamlining operations across various sectors, including energy. He said that the Ebitts project could "simplify people's lives" and have a positive impact on "families' pockets." Centemero made these remarks in a January 27 post on X.
"Ebitts demonstrates how tokenization can simplify people's lives, even in the energy sector and with a positive impact on families' pockets," said Centemero, League Group Leader Finance Committee.
Enel, in collaboration with Conio, has launched the EBITTS project to tokenize its renewable energy assets in Italy, particularly focusing on solar and wind plants. The initiative targets individuals residing in apartment buildings who have limited capacity to install self-generation systems. Through "token boxes," people can invest in fractional ownership of these assets. Owners of these token boxes may receive bill discounts based on the energy produced. This offering is accessible via an app built on the Algorand blockchain and aims for global participation. Although initially intended for Italian consumers, Enel considers the model scalable worldwide, as reported by Smart Energy International.
Giulio Centemero's post
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According to Cointelegraph, this initiative is specifically designed for individuals unable to install solar panels due to their living situations. The tokenized solar energy assets offer users financial benefits and contribute to reducing carbon emissions. Algorand was chosen for its carbon-neutral status and performance capabilities. The product became available to an initial group of clients on January 24.
Centemero is a member of the Italian Chamber of Deputies and serves on the VI Finance Commission. He holds qualifications as a Chartered Accountant and Auditor, with a degree in Economics and Business from the University of Bergamo, an Executive Master in Public Administration Management from SDA Bocconi, and a Graduate Certificate in Project Management from Boston University. His experience spans tax mergers and acquisitions (M&A) and political work within the European Parliament alongside Matteo Salvini. He currently presides over the economic panel of the Parliamentary Assembly of the Mediterranean and leads the Italy-Armenia Inter-parliamentary Friendship Group according to his website.