In September 2023, Pioneer invested in Clever Servizi Energetici, a leading residential energy efficiency company in Northern and Central Italy, managing nearly 3,200 condominium buildings, and with significant expansion potential.

Clever provides a wide range of energy efficiency services, including the replacement of centralised boilers with more efficient technologies such as heat pumps, roof/wall insulation and solar PV installations. Clever supports residents to reduce their energy consumption, lower bills and ultimately, decrease the reliance on fossil fuels.

Pioneer acquired the company in equal partnership with two other sustainable infrastructure managers, with the aim to expand into new regions and diversify into complementary business lines.