Our Co‑Founder Spyros‑Nikitas Tsamichas recently appeared on Η ΝΑΥΤΕΜΠΟΡΙΚΗ | Naftemporiki “N” TV, alongside Xenios Blockchain Group CEO Tasos Oureilidis and respected financial journalist Anestis Ntokas. The compelling discussion highlighted our strategic collaboration and how blockchain is transforming transparency, traceability, and the modern investment landscape.
They explored:
Tokenized Real Assets & Digital Bonds How blockchain is redefining asset ownership and issuing debt instruments with unprecedented security and transparency.
Smart Contracts Automating workflows, reducing inefficiencies and intermediaries, and integrating trust at the protocol level.
Zero‑Knowledge Proofs & Self‑Sovereign IDs Ensuring GDPR-compliant management of sensitive personal data without compromising privacy or control.
Blockchain as Supply Chain Registrar Enhancing asset traceability across production, logistics and final delivery, fostering accountability and provenance.
European Momentum: Regulation and Growth
DLT Pilot Regime: Effective March 23, 2023, the European Union introduced this regulatory sandbox to support experimentation with tokenized financial instruments under temporary exemptionsarxiv.org+8esma.europa.eu+8investax.io+8.
MiCA Framework: Addresses legal certainty for EU-wide digital asset services and entities, strengthening trust in blockchain ecosystems fidelitydigitalassets.com.
Tokenized real-world assets may surge from USD 600B in 2025 to an estimated USD 18.9T by 2033, implying exponential adoption across industries fintechnews.ch+1investax.io+1.
Issuing new digital bonds and designing smart green asset tokens that underpin transparent, efficient, and auditable financing.
Conducting dedicated R&D across legal tech, energy, logistics, insurance, maritime, and cybersecurity to reinforce interoperability and trust in asset tokenization.
2. Shaping Policy Structures
Launching a Technology Committee in conjunction with Xenios Blockchain Group and the Italo-Hellenic Chamber of Commerce in Athens.
The Committee’s mandate includes advising on DLT implementation, supporting pilot programs, and ensuring alignment with EU and Greek regulations like the DLT Pilot Regime and MiCA.
3. Building Interdisciplinary Bridges
We combine legal frameworks, environmental objectives, and advanced blockchain technologies to develop end-to-end tokenization solutions.
Engaging with universities, regulators, and industry partners to ensure both innovation and compliance are integral to our methodology.
Our Vision: A Sustainable Financial Ecosystem
We see blockchain as essential to realizing a circular, democratized, and healthy financial architecture:
Global Access – Unlocking investment opportunities for a broader base, from retail to institutional.
Embedded Trust – Smart contracts that automate governance and validation.
Responsible Data Management – Zero‑knowledge proofs and self-sovereign identity mechanisms ensure privacy rights comply with GDPR.
Let’s Collaborate
If you’re exploring how blockchain can enhance your ESG initiatives, real-world asset strategies, or green-fintech innovations, we’d be delighted to connect. Together, we can build tailored, compliant, and sustainable blockchain solutions that marry transparency with environmental impact.
In an era where societal and environmental challenges demand radical changes, blockchain and legal technologies (LegalTech) are emerging as critical factors for resilient and sustainable development. The tokenization of Real World Assets (RWAs) is heralded as the next major revolution in global markets. Built upon the immutable and decentralized nature of blockchain, it paves new avenues for data transparency and automation.
Digital Token
This global shift, exemplified by companies like Walmart and FedEx, prompts us to consider how Greece can adopt and leverage the power of these technologies. Specifically, tokenization is the process of converting a real-world asset or sensitive data into a digital “token.” This token can then be used in place of the original asset, for instance, in a transaction, without revealing the underlying information. It’s a secure way to manage value or data in a digital environment, based on blockchain technology – a type of digital “ledger” for transactions that is transparent and immutable. All entries are interconnected across all nodes and cannot be altered without the network’s consensus, making it extremely reliable for financial, legal, and administrative applications.
As Larry Fink, CEO of BlackRock, declared that “tokenization will be the next generation of markets,” major financial institutions, such as JPMorgan, have already invested in this trend, indicating the potential for a reshaping of the financial landscape.
The significance of RWAs lies in their ability to democratize investment opportunities, enabling individuals to participate in sustainable markets that were previously inaccessible. For example, traditional legal contracts can be transformed into smart contracts on the blockchain, automating processes and ensuring compliance. A tokenized real estate or private vehicle transaction, for instance, could automatically execute payments and transfer ownership once predefined conditions are met, reducing the need for intermediaries and simplifying the transaction process. This automation not only enhances efficiency but also minimizes the potential for disputes, as the terms of the agreement are coded into the blockchain from the outset.
Similarly, the financial sector is observing a shift towards digital bonds via blockchain, minimizing costs, accelerating trading processes, and facilitating investor access to capital markets. UBS, having already issued tokenized bonds, demonstrates how by reducing the friction associated with traditional bond issuance, tokenization can enhance transparency and attract a wider range of investors.
In logistics and supply chain management, tokenization can improve asset traceability, ensuring integrity and origin. Companies like Coca-Cola already use blockchain to track their supply chains, improving efficiency and reducing waste. Businesses can now monitor the movement of goods in real-time, ensuring that products are transported ethically and sustainably. This level of transparency not only boosts consumer trust but also encourages companies to adopt greener practices.
Regulatory Framework
The regulatory landscape surrounding tokenization is evolving, particularly within the European Union, which has established a framework supporting these innovations. The MiCA (Markets in Crypto Assets Regulation) for cryptocurrencies and the EU DLT Pilot Regime (Distributed Ledger Technology) for the digital infrastructure of tokenized securities are examples of how the EU is fostering an environment conducive to the adoption of innovative practices. Similarly, Greece has taken small steps towards adopting these technologies through Law 4961/2022. However, it needs to go further to leverage the potential of this emerging ecosystem, through the establishment of regulatory sandboxes – controlled testing environments that will promote the experimental testing of tokenization products – and to encourage collaboration between startups and established entities.
In an effort to harness the disruptive technological spirit of the era, Energon Green Solutions and Xenios Blockchain Group are significantly dedicated to research and development of green innovative technologies, focusing on promoting holistic sustainability. The collaboration aims for the optimized use of data and processes, ensuring that the sustainable outcome aligns with the highest industry standards.
The technology, being scalable and adaptable, is capable of processing and supporting several thousands of data points and transactions per second, ensuring the reliability required for critical financial and legal procedural functions.
Authors:SPYROS-NIKITAS TSAMICHAS, Lawyer and Co-founder of Energon Green Solutions TASOS OUREILIDIS, CEO, Xenios Blockchain Group
We are proud to announce the signing of a Memorandum of Understanding (MoU) between Energon Green Solutions Ltd. and Xenios Blockchain Group S.A., marking the beginning of a dynamic collaboration between two visionary teams committed to innovation, sustainability, and transformation.
This strategic partnership is rooted in a shared mission: to harness emerging technologies—like blockchain, tokenization, and smart contracts—to bring about systemic change in how institutions, businesses, and communities approach transparency, accountability, and optimization across sectors.
Our Vision: R&D for a Sustainable, Tech-Driven Future
At Energon Green Solutions, we are actively investing in research and development of green disruptive technologiesthat aim to accelerate the global transition to a sustainable and intelligent economy.
Our collaboration with Xenios Blockchain Group will enable us to:
Develop next-generation digital infrastructures that empower climate-conscious innovation
Advance tokenization of assets and smart governance models that ensure traceability, efficiency, and trust
Promote regulatory innovation that aligns with sustainability goals and international standards
Build capacity across sectors—including energy, law, mobility, finance, logistics, construction, and ICT—by delivering training, research, and scalable digital solutions
Impact Across Industries
We believe that technology and sustainability are no longer separate conversations—they must converge to solve the complex challenges of today’s world.
Through this partnership, we will explore:
Decentralized solutions for clean energy and carbon tracking
Digital governance models for urban and infrastructure development
Blockchain-backed platforms for legal and commercial transparency
Capacity-building initiatives that empower public institutions, enterprises, and communities
A Joint Commitment to Responsible Innovation
“We are excited to join forces with Xenios Blockchain Group to pioneer real-world applications of blockchain that are aligned with legal, environmental, and social responsibility standards,” says Spyros-Nikitas Tsamichas, Co-Founder of Energon Green Solutions.
“Together, we aim to bridge law, energy, and decentralization into tangible tools for positive change.”
This partnership is a stepping stone in our broader mission to reshape the digital economy, one solution at a time—smarter, greener, and fairer.
Energon Green Solutions – Powering the sustainable technologies of tomorrow.
We had the pleasure to participate in the 2nd European Business Summit, co-organized by the Athens Chamber of Tradesmen (Επαγγελματικό Επιμελητήριο Αθηνών – EEA) and The Economist, a high-level event focused on strengthening the role of Greek SMEs in driving innovation and competitiveness amidst global uncertainty.
The summit brought together business leaders, policymakers, and innovators for impactful discussions around Sustainable Innovation, Digital Transformation, and the critical contribution of SMEs in shaping Europe’s economic trajectory.
One of the highlights of the event was the keynote speech by former Italian Prime Minister Matteo Renzi, who identified five major challenges facing Europe today:
Trade Crisis – driven by tariffs and rising protectionism.
Military Conflicts – from Ukraine to the Middle East.
Energy Crisis – resulting from geopolitical instability.
Demographic Decline – with aging populations threatening long-term growth.
Innovation Gap – the urgent need to bridge the divide in digital and AI readiness.
At Energon Green Solutions, we are fully aligned with these priorities. As a legal tech and sustainability startup, our mission is to empower the green transition through:
A Convergence of Innovation, Culture, and Sustainability
We are thrilled to have participated in the inaugural Panathēnea Festival, held from May 7–9, 2025, at the historic Athens Conservatory. This groundbreaking event reimagined the ancient Panathenaic festival, blending technology, art, and entrepreneurship into a vibrant celebration of modern innovation.
The festival featured over 100 esteemed speakers, including industry leaders such as Melanie Perkins (Co-founder & CEO of Canva), Lars Rasmussen (Co-founder of Google Maps), and Peter Vesterbacka (Founder of Slush and former Mighty Eagle at Angry Birds). Attendees engaged in a dynamic program of discussions, exhibitions, startup competitions, and networking events, culminating in a lively street party beneath the Acropolis.
Our team had the pleasure of connecting with passionate founders, top industry leaders, investors, and key stakeholders. The energy and ideas exchanged were fantastic, and we’re excited about the potential partnerships and opportunities that emerged.
Being deeply rooted in environmental sustainability, we were particularly engaged in insightful discussions with fellow pioneers across the deep tech landscape. We explored the transformative potential of emerging disruptive technologies, with a focus on the convergence of legal, financial, and clean-tech solutions. These conversations highlighted the evolving infrastructure supporting green initiatives and the critical role of innovation in driving sustainable development.
We extend our sincere appreciation to the organizers for creating such a dynamic event. The Panathēnea Festival not only showcased the vibrant intersection of innovation and culture but also reinforced Athens’ position as a burgeoning hub for global innovation. We look forward to contributing to this exciting ecosystem in the years to come.
Driving Deep Tech Innovation for a Greener, Smarter Future
We were proud to attend the DEFEA – Defence Exhibition Athens, accompanying esteemed partners and clients in an ecosystem where Innovation, Vision, and Cross-Sector Collaboration took center stage. The exhibition offered a high-impact platform to engage with some of the most visionary organizations and pioneering stakeholders shaping the next generation of Deep Tech, Artificial Intelligence, Cybersecurity, Maritime Technologies, and Space Systems.
At Energon Green Solutions, we believe in leveraging the full potential of emerging technologies to serve a dual purpose: technological excellence and planetary stewardship. As a green legal tech startup, we stand at the critical intersection of law, sustainability, and innovation, helping accelerate the responsible adoption of breakthrough technologies in a fast-moving world.
From AI-driven route optimization that reduces emissions and streamlines complex logistics, to next-gen energy efficiency systems that underpin smarter, climate-resilient infrastructure; from autonomous platforms revolutionizing transport, marine, and industrial ecosystems, to advanced geopositioning, remote sensing, spaceborne Earth observation, and satellite-based forecasting and communications—we see these technologies not just as innovations, but as enablers of a greener and more just future.
Yet, the path from lab to market is often paved with regulatory ambiguity, ethical dilemmas, and compliance risk. That’s where Energon steps in. We go beyond legal checklists—we build the legal, ethical, and governance architectures that enable transformative technologies to scale responsibly.
Our core focus areas include:
Deep Tech Legal Enablement We provide tailored legal frameworks for startups and scale-ups in AI, robotics, edge computing, quantum tech, IoT, and advanced manufacturing—ensuring regulatory alignment from the MVP stage to global deployment.
Automated Compliance for Climate & Data Through digital tools and legal automation, we help companies align with environmental directives, carbon reporting mandates, GDPR, cybersecurity frameworks, and sustainability disclosure requirements.
ESG-Integrated Governance Systems We advise on building Environmental, Social, and Governance (ESG) models that are compliant, investor-ready, and operationally meaningful—bridging the gap between regulatory compliance and real-world impact.
Smart Contracts, Licensing & IP Strategies We support open innovation ecosystems and frontier tech developers with smart IP structuring, licensing strategies, open-source guidance, and contract automation that protects value while fueling collaboration.
Dual-Use and Emerging Tech Risk Management For innovators working with dual-use or sensitive tech, we provide proactive counsel on export control regimes, ethical implications, responsible AI development, and national/international compliance regimes.
Cross-Border Growth and International Structuring We offer scalable legal strategies for deep tech startups expanding across borders, including market-entry legal ops, regulatory mapping, jurisdictional analysis, and international partnerships.
At Energon, we combine the agility of a startup with the foresight of strategic advisors. Whether you’re a tech founder, R&D leader, investor, or public-sector innovator, we offer tools and consulting that enable you to move fast—without compromising on ethics, safety, or sustainability.
Innovation is only as powerful as the framework that supports it.
Our participation in DEFEA confirmed what we already knew: the future will be shaped by those who align technical excellence with ethical integrity, and disruption with responsibility. We are inspired by the connections made, the projects discussed, and the partnerships emerging from this vibrant ecosystem.
Energon Green Solutions remains committed to being a trusted partner for those building the next generation of intelligent, regenerative, and secure systems.
Let’s co-create a future where legal tech doesn’t just follow innovation—it powers it.
It was an honor to be part of the Camera di Commercio Italo-Ellenica di Atene succesfull formal dinner at the Athenian Club, where we had the opportunity to engage in valuable and insightful discussions with key figures, including the Vice President of the Hellenic Government, Mr. Kostis Hatzidakis and the Italian Ambassador to Greece, Mr. Cuculi, on strategic measures to strengthen Greece & Europe’s economy amidst global challenges.
We are excited about the shared vision for innovation and inclusivity, and look forward to potential collaborations on disruptive technologies that can make a positive impact on the future of legal tech and sustainability.
A big thank you to the Chamber for their trust and continuous support.
PRESS RELEASE Strong Greek-Italian Economic Relations Mean a Strong Greek Economy Speech by the Deputy Prime Minister at the Hellenic-Italian Chamber of Commerce of Athens 09.04.2025
With great honor, the Hellenic-Italian Chamber of Commerce of Athens welcomed the Deputy Prime Minister, Mr. Kostis Hatzidakis, as the official guest and keynote speaker at the formal dinner held on Thursday, April 3, 2025, at the Athenian Club.
During his speech titled “7 Interventions to Protect the Greek Economy from International Instability,”Mr. Hatzidakis outlined the key pillars of the government’s strategy to enhance economic stability and effectively shield the country against external challenges. He made special reference to recent developments in international trade, noting that although Greece’s export share to the U.S. is relatively low, the country must act with foresight and strategic focus to strengthen competitiveness, autonomy, and economic resilience.
The Deputy Prime Minister was welcomed on behalf of the Board of Directors by the President of the Chamber, Cav. Ioannis Tsamichas, who praised the long-standing and consistent support of the State for the Chamber’s initiatives and its role in reinforcing Greek-Italian business ties.
The Ambassador of the Italian Republic to Greece, Mr. Paolo Cucculi, in his brief address, referred to the solid foundation of friendship and cooperation that characterizes bilateral relations, highlighting the role of the business community as a driving force for further deepening the bonds between Greece and Italy.
President Cav. Ioannis Tsamichas emphasized that the Greek-Italian business community is a robust pillar of economic cooperation, innovation, and developmental prospects. He notably stated:
“Italy is not only Greece’s most important trading partner but also a strategic ally in matters of innovation, investment, and transnational economic collaboration. Our Chamber consistently serves as a bridge between businesses, institutions, and cultures. We are steadfast in our mission to strengthen the connection between the business ecosystems of Greece and Italy and to create opportunities in an ever-evolving global environment.”
The event was honored by the full presence of the Board of Directors of the Hellenic-Italian Chamber of Commerce of Athens, as well as numerous representatives of its member companies, who followed the Deputy Prime Minister’s address with great interest.
Sponsors of the event included the following member companies (in alphabetical order): AMPLUS, AUTOONE, BOTSAS GROUP, FIGAME, GENERALI, GUIDOTTI HELLAS, MAPEI, MENARINI HELLAS, RENCO
About the Hellenic-Italian Chamber of Commerce of Athens Founded in 1952, the Hellenic-Italian Chamber of Commerce of Athens has as its core mission the promotion and deepening of economic and commercial cooperation between Greece and Italy. Its vital contribution has been officially recognized by the Italian State under Law 518/1970.
Today, the Chamber counts over 1,000 active members and serves as the most reliable institutional partner for Italian businesses operating in the Greek market, as well as for Greek enterprises aiming to expand into the Italian territory.
As a member of the Association of Italian Chambers of Commerce Abroad (Assocamerestero), the Chamber maintains a presence in more than 50 countries worldwide, acting as a pillar of extroversion and networking for the business community.
With energy prices soaring, the issue of energy poverty is becoming central to modern societies. However, given the developments in the business fronts with the expansion of many groups internationally, the question is how to ensure the goal of real energy democracy. Against this backdrop, it is obvious that energy communities can offer an effective solution to alleviate energy poverty, in the context of sustainable development, incorporating a collaborative model that allows, at the sub-national level, local communities to produce, consume and manage their own energy, according to their preferences. These communities, in which local government, small and medium-sized enterprises, individual citizens, and even vulnerable households can participate, promote energy independence and empower local communities to make decisions about the energy they use. These mechanisms of decentralization and democratization of energy allow local communities to gain access to green energy at an affordable price, combating energy insecurity. In particular, for vulnerable and low-income households, energy communities can offer access to renewable energy sources, such as photovoltaic systems. This access not only reduces energy costs but also offers an economically viable future, reducing dependence on price fluctuations in the global energy market. Examples from abroad, such as the Watt Solidaire program in France, show how surplus energy from photovoltaic systems can be distributed to families in need, helping communities to create a network of solidarity, enhancing their resilience.
Greece is estimated to have the second-largest share of photovoltaics in the EU. (2019-2024), with a capacity of 8.93 GW, exceeding the National Energy and Climate Plan (NECP) target for 2025, while this development led to savings of €3.1 billion from reduced gas imports. At the same time, the path for energy communities was broadened by Law 5037/2023, which incorporated two European directives, introducing renewable energy communities and citizen energy communities. The new regulations limit the traditional net metering in self-generation projects and introduce net billing, where the offset is based on the value of the energy produced and consumed, ensuring a fairer distribution of energy resources. It should be noted that Electra Energy, based in Athens since 2016, aims to facilitate the understanding of the above regulations and promote the transition to a democratic, sustainable, and participatory energy community system. As of 2024, 1,742 active energy communities had been created. 1,685 of these are under Law 4513/2018, while 40 Renewable Energy Communities (REC) and 17 Citizen Energy Communities (CEC) were established based on the new institutional framework (Law 5037/2023). Indicatively, the energy community “Yperion,” with 128 members, constructed a 500 kW photovoltaic plant in Stymfalia. Nevertheless, energy communities in Greece face serious problems due to the resistance of some energy providers to issue clearing bills, with the result that their members cannot benefit from virtual energy netting. Providers cite gaps in the regulatory framework, mainly in the area of networks and energy netting management.
With energy prices soaring, the issue of energy poverty is becoming central to modern societies. However, given the developments in the business fronts with the expansion of many groups internationally, the question is how to ensure the goal of real energy democracy. Against this backdrop, it is obvious that energy communities can offer an effective solution to alleviate energy poverty, in the context of sustainable development, incorporating a collaborative model that allows, at the sub-national level, local communities to produce, consume and manage their own energy, according to their preferences. These communities, in which local government, small and medium-sized enterprises, individual citizens, and even vulnerable households can participate, promote energy independence and empower local communities to make decisions about the energy they use. These mechanisms of decentralization and democratization of energy allow local communities to gain access to green energy at an affordable price, combating energy insecurity. In particular, for vulnerable and low-income households, energy communities can offer access to renewable energy sources, such as photovoltaic systems. This access not only reduces energy costs but also offers an economically viable future, reducing dependence on price fluctuations in the global energy market. Examples from abroad, such as the Watt Solidaire program in France, show how surplus energy from photovoltaic systems can be distributed to families in need, helping communities to create a network of solidarity, enhancing their resilience.
Greece is estimated to have the second-largest share of photovoltaics in the EU. (2019-2024), with a capacity of 8.93 GW, exceeding the National Energy and Climate Plan (NECP) target for 2025, while this development led to savings of €3.1 billion from reduced gas imports. At the same time, the path for energy communities was broadened by Law 5037/2023, which incorporated two European directives, introducing renewable energy communities and citizen energy communities. The new regulations limit the traditional net metering in self-generation projects and introduce net billing, where the offset is based on the value of the energy produced and consumed, ensuring a fairer distribution of energy resources. It should be noted that Electra Energy, based in Athens since 2016, aims to facilitate the understanding of the above regulations and promote the transition to a democratic, sustainable, and participatory energy community system. As of 2024, 1,742 active energy communities had been created. 1,685 of these are under Law 4513/2018, while 40 Renewable Energy Communities (REC) and 17 Citizen Energy Communities (CEC) were established based on the new institutional framework (Law 5037/2023). Indicatively, the energy community “Yperion,” with 128 members, constructed a 500 kW photovoltaic plant in Stymfalia. Nevertheless, energy communities in Greece face serious problems due to the resistance of some energy providers to issue clearing bills, with the result that their members cannot benefit from virtual energy netting. Providers cite gaps in the regulatory framework, mainly in the area of networks and energy netting management.
The solution
Energy communities can offer an effective solution to alleviate energy poverty, in the context of sustainable development, incorporating a collaborative model that allows, at the sub-national level, local communities to produce, consume and manage their own energy.
Solving the problem requires immediate action by the Regulatory Authority for Energy (RAE) and the Ministry of Environment and Energy. Clear regulations are proposed that will oblige providers to implement virtual energy netting, while supervision and transparency in the sector will be enhanced. In this way, energy communities will be able to fully utilize their investments in green energy.
Solution for green roofs for smart cities
Bio-photovoltaic systems, or Biosolar systems, are an innovative approach in the field of green infrastructure that combines the integration of green roofs and photovoltaic systems. This practice has already been successfully implemented in countries such as Switzerland, Germany, and Austria, where photovoltaics are placed on green roofs, which in turn create a microclimate that improves the performance of the panels. The green element of the roof cools the environment, maintaining the temperature around 25∘C, the ideal temperature for maximum solar panel efficiency. In Greece, energy communities could follow this example, utilizing bio-photovoltaic systems to create a form of “smart” green infrastructure in urban centers, for the benefit of less privileged areas. The application of green roofs with solar panels on buildings and residences could offer energy autonomy, while simultaneously enhancing urban sustainability, creating green spaces that support biodiversity and absorb carbon dioxide. In this way, households not only reduce their energy costs but also contribute to the reduction of environmental burden.
Greek representation
In this context, the proposal of Spyros-Nikitas Tsamichas, a lawyer specializing in smart cities and co-founder of Energon Green Solutions, who was selected as a delegate to the European Youth Energy Forum 2024 in Budapest, is interesting. With his team, he presented the proposal “Framework for University-Powered Energy Communities” (UPEC), which aims to address energy poverty in Europe through the cooperation of universities and local communities, providing sustainable energy solutions, mainly to vulnerable households. The framework was successfully presented at the UN Climate Change Conference (COP29) in Azerbaijan. “The creation of energy communities in combination with university resources is a necessary step for the energy independence and sustainable development of our cities. The integration of technologically advanced and inclusive practices offers an economically viable, environmentally beneficial, and socially just solution, paving the way for a future where energy will be accessible to all,” explains Spyros-Nikitas Tsamichas. Through the UPEC initiative, students from various European universities have the opportunity to actively participate in the effort to address energy poverty, receiving practical training in real energy projects, applying in practice the knowledge they acquired during their studies. The participation of students in the development of energy communities and green systems, such as bio-photovoltaics, not only contributes to the improvement of living conditions for vulnerable groups but also shapes a new generation of professionals, sensitive to energy and environmental issues.
In an interview with energymag.gr, Spyros Nikitas Tsamichas, co-founder of Energon Green Solutions, notes that “in vulnerable and low-income households, energy communities can offer access to renewable energy sources, such as photovoltaic systems.
With energy poverty affecting over 41 million Europeans, the need for a systemic solution to reduce energy costs is more urgent than ever. This is what Spyros Nikitas Tsamichas, Legal Counsel, Co-Founder of Energon Green Solutions, says in an interview with energymag.gr, commenting on the latest developments in the energy sector.
As he notes, ‘energy communities all show that they offer an effective solution for alleviating energy poverty in the context of sustainable development, incorporating a cooperative model that allows, zat sub-national level, local communities to produce, consume and manage their own energy according to their preferences.’
In particular, as Mr. Tsamihas notes, “in vulnerable and low-income households, energy communities can provide access to renewable energy sources such as photovoltaic systems. This access not only reduces energy costs, but also offers an economically sustainable future by reducing dependence on price fluctuations in the global energy market. Examples from abroad, such as the ‘WattSolidaire’ project in France, show how surplus energy from PV systems can be distributed to families in need, helping communities build a network of solidarity, strengthening their resilience.”
Indeed, Spyros Nikitas Tsamichas says that Greece is estimated to have the second largest share of photovoltaics in the EU (2019-2024), with a capacity of 8.93 GW, surpassing the ESDP target for 2025, while this growth has led to savings of €3.1 billion from reduced gas imports. “At the same time, the path for energy communities was widened by Law 5037/2023, which incorporated two European directives, introducing renewable energy communities and citizen energy communities. The new regulations limit traditional net metering to self-production projects and introduce net billing, where offsetting is based on the value of the energy produced and consumed, ensuring a more equitable distribution of energy resources.Note that Electra Energy, based in Athens since 2016, aims to facilitate the understanding of these regulations and promote the transition to a democratic, sustainable and participatory energy community system. By 2024, 1,742 active Energy Communities had been established, 1,685 of which are under the Law on Energy Communities. 4513/2018, while 40 Renewable Energy Communities (RECs) and 17 Citizens’ Energy Communities (ECCs) were established under the new institutional framework (Law 5037/2023), indicatively the energy community ‘Hyperion’, with 128 members, has built a 500 kW photovoltaic station in Stymphalia, while
Nevertheless, Energy Communities in Greece are facing serious problems due to the resistance of certain energy providers to issue settlement bills, so that their members cannot benefit from the virtual energy offsetting”, the Legal Advisor stresses, Co-Founder of Energon Green Solutions
In Greece, he notes, energy communities could follow this example, utilizing bio-photovoltaic systems to create a form of ‘smart’ green infrastructure in urban centers, for the benefit of less favored areas.
Greek representation at the European Youth EnergyForum ’24
In this context, interesting is the proposal submitted by Spyros Nikitas Tsamichas, who has specialised in Smart Cities and co-founder and was selected as a delegate of the European Youth Forum for Energy 2024 in Budapest. With his team they presented the proposal ‘Framework for University-Powered Energy Communities’ (UPEC), which seeks to tackle energy poverty in Europe through the cooperation between universities and local communities, providing sustainable energy solutions, especially for vulnerable households. The framework was successfully presented at the UN Climate Change Conference of the Parties (COP29) in Azerbaijan. “Building energy communities combined with university resources is a necessary step towards energy independence and sustainable development of our cities. Incorporating technologically modern and inclusive practices offers a solution that is economically sustainable, environmentally beneficial and socially just, paving the way for a future where energy is accessible to all.” explains Spyros-Nikitas Tsamichas.
Through the UPEC initiative, students from various European universities have the opportunity to actively participate in the effort to tackle energy poverty by receiving practical training in real energy projects, putting into practice the knowledge they have acquired during their studies.The involvement of students in the development of energy communities and green systems, such as bio-photovoltaics, not only contributes to improving the living conditions of vulnerable groups, but also shapes a new generation of sensitive professionals.
The legal team of Tsamichas Law Firm attended the 8th Annual Economic Conference of the Greek Association of Entrepreneurs (EENE), a key event addressing the critical economic and business challenges shaping Greece and Europe. This year’s conference focused on fostering innovation, sustainability, and entrepreneurship to drive economic reform and resilience.
The conference agenda included essential topics such as:
• Sustainable Economic Growth: Strategies for integrating green energy and sustainability into national and European economic policies.
• Digital Transformation and Innovation: The impact of emerging technologies on businesses and legal frameworks.
• Investment and Regulatory Frameworks: Opportunities for foreign direct investment and the legal structures needed to support economic growth.
• Labor Market Reforms: Insights into evolving labor laws and their implications for businesses and employees.
By participating in this event, the team engaged with policymakers, business leaders, and legal experts, gaining valuable insights into the intersection of economic strategy and legal compliance. This knowledge equips the firm to provide clients with forward-thinking solutions tailored to the evolving regulatory and business environment.
Attendance at the EENE Economic Conference reflects Tsamichas Law Firm’s commitment to staying at the forefront of legal and economic developments. It also demonstrates their dedication to supporting clients by delivering strategic advice that aligns with the latest trends and challenges in the global marketplace.
