Falck Renewables | History - Falck
From steel to renewable energies
1906 - 1970
In 1906, the Falck Group was founded in Sesto San Giovanni (Milan) with the name Società Anonima Acciaierie e Ferriere Lombarde. It soon became a leading steel producer and a point of reference for the Italian industry.  The Group was among the first in Italy to build plants for producing electricity through hydropower, designed to ensure the operation of the steel mills.  In 1962, the Group operated 15 hydropower plants – mainly with seasonal dams – and a thermal power station, served by a medium and high voltage network of around 900 km. In 1963, the Group, now listed on the Milan Stock Exchange, employed 16,000 people. Alongside the construction of production facilities, the company created a vast program of social and welfare support for its employees and their families.
From steel to renewable energies
1970 – 2000
Due to the structural crisis of the steel industry, from the mid-1970s to the 1990s the Group gradually shifted the focus of its activities towards the environment and energy production, including renewable energy. The Group began an extensive program in the thermoelectric sector, developing combined cycle cogeneration plants for industrial uses and district heating.
From steel to renewable energies
2000 – 2010 
In 2002, the Falck Group’s Actelios company, which focuses on the renewable energy market, was founded and listed on the Milan Stock Exchange.
From steel to renewable energies
2010 – 2014 
In 2010, all the Falck Group’s renewable energy production activities were consolidated within Actelios, which changed its name to Falck Renewables S.p.A., becoming one of the most important pure plays in the industry.
From steel to renewable energies
2014 – 2018
In 2014, through the acquisition of Vector Cuatro, Falck Renewables entered the market of asset management and technical advisory services for photovoltaic and wind power plants.
From steel to renewable energies
From 2018 to today
Based on its experiences, the Group further diversified its business – thanks to the acquisition of Energy Team and to the creation of the Falck Next ESCO in 2018 – with energy management and energy efficiency services. Today, Falck Renewables is listed in the STAR segment of the Milan Stock Exchange and is included in the FTSE Italia Mid Cap index.