In 1999, VERBUND and its local partner, CIR, founded Energia S.p.A (renamed as Sorgenia S.p.A. in 2006) as Italy’s first private energy supplier. The declared goal was to adopt a significant position in the fourth largest energy market in Europe. With success - Sorgenia managed to position itself as a reliable supplier of electricity and gas, meanwhile supplying more than 500,000 customers. VERBUND (directly and indirectly) disposes of more than 45.66% of the shares.