TORINO, Piemonte, Italy - i-TES srl, a pioneering renewable energy semiconductor manufacturing company, announced today that it has successfully raised $1,499,000 in funding. The funding round was led by CDP Venture Capital SGR and EUREKA! Venture, two prominent investors in the field of sustainable technologies. The investment will support i-TES in its mission to develop innovative thermal storage solutions using phase-change materials (PCM) and expand its advanced energy services and energy efficiency measures as an Energy Service Company (ESCO) provider.

i-TES is at the forefront of the thermal storage industry, offering cutting-edge solutions that utilize phase-change materials to revolutionize thermal management. With its focus on performance-based contracts, i-TES aims to become a key player in the Italian market and establish itself as a reference in thermal storage and thermal management using PCM technology.

Michele Santovito, Founder of i-TES, expressed his gratitude to the investors, stating, "We are thrilled to have secured this funding and are grateful for the trust and support showed by CDP Venture Capital SGR and EUREKA! Venture. This investment will enable us to propel our mission of delivering sustainable and energy-efficient solutions to address the world's growing energy needs. With the backing of our investors, we are confident in our ability to establish i-TES as a leading player in the renewable energy semiconductor manufacturing industry."