Environmental research for long-term perspectives
Environmental and industrial research for teams at pension funds, insurance companies and family offices, connecting environmental change with technology, operating realities and business economics.
Insight grounded in experience of what works and what doesn’t.
Environmental pressures can change operating costs, create liabilities and generate demand for practical solutions. The research question is how those changes affect customers, suppliers and industrial activity.
Relisuco’s ruleof3 framework examines exposed businesses, prevention and the suppliers of adaptation and remediation. These economic roles can overlap. Across each role, three research questions guide the investigation: funded demand, operating economics and delivery evidence.
Ecological conditions and commercial evidence receive separate scrutiny. A useful solution still needs sound economics, and a promising market does not erase an unresolved technical or environmental constraint.
Each engagement starts with an agreed question, scope, deliverables and timetable.
A thematic brief on environmental pressures, technologies and the businesses responding to them.
A sourced research memorandum covering operating dependencies, customer demand, funding, procurement, technology evidence and commercial constraints.
A presentation for institutional research teams and committees on an agreed industry or sustainability theme.
A presentation, discussion and written findings explaining the evidence, assumptions and questions that need further investigation.
An agreed agenda of environmental, technology and industrial topics.
Periodic factual updates on market developments, customer programmes, technology milestones and operating constraints.
These services provide general research and education. They do not include recommendations on particular securities, reviews of client holdings, model portfolios or asset management. Read the service scope.
Discuss your research briefWater treatment makes the research questions tangible. We distinguish a treatment requirement from an approved budget, a procurement authorisation and evidence of delivery.
The worked example follows public records and their dates. It shows why a large environmental need alone does not establish commercial demand or a supplier’s ability to deliver.
Read the worked exampleA factual industry example, with sources and limitations.
Relisuco Renewables is founder-led. Its research draws on decades of experience across corporate finance, technology, industry, sustainability and investment advice.
Meet the founderA personal board and advisory role informing Relisuco’s research perspective.
Selected investment-advisory, board, industrial and entrepreneurial roles. Each example describes the actual contribution and its scope.
Non-Executive Director & Adviser
Challenges investment strategy and provides guidance on renewable energy, technology and sustainability themes for a concentrated global listed-equity portfolio.
Michele Bina’s personal board and advisory role, forming part of the experience behind Relisuco’s research. Fund management or fund performance is not attributed to this role.
Technology and strategic adviser
Advised senior management on the likely development of photovoltaic technology and related strategic questions in connection with the proposed sale of RTR.
Scope: technology and strategic advice informing an investment-related decision. The role did not involve arranging or leading the sale.
Independent consultant to senior management
Advised on photovoltaic technologies, markets, cost curves, procurement, partnerships and manufacturing strategy, including work relating to 3Sun’s transition to crystalline-silicon heterojunction technology.
Scope: senior-management advisory across technology and commercial decisions.
11 selected examples
Project values describe the underlying projects or agreements. They do not represent fees, capital raised by Relisuco, or assets under management.
Relisuco also provides industrial and technology consulting on manufacturing, procurement and commercial development. This operating knowledge informs the research.
Experience across polysilicon, wafers, cells, modules and power plants. We connect technology and manufacturing choices with project economics and commercial strategy.
A decision at one stage reshapes the economics of the next.
Chlorosilanes and polysilicon: process technology, material quality and manufacturing economics.
Each assignment starts with the decision you need to make. We define the questions, examine the evidence and connect the findings to your commercial objectives.
Start a conversationAgree the research question, the industry or technology scope, the sources and the deliverables.
Examine environmental dependencies, commercial evidence and financial assumptions. Record what is established and what remains unresolved.
Deliver the evidence, assumptions and unresolved questions. Agree the topics and timetable for any further research.
Relisuco Renewables is led by its founder, bringing decades of financial, industrial and investment experience to each engagement.
Michele Bina began his career in corporate finance at S.G. Warburg in London, working on more than 60 significant transactions for major listed companies, many in the energy sector. His later renewable energy experience dates to 1998 and spans materials technology, manufacturing and utility-scale projects.
He co-founded Renewable Energy Technology LLC and Energy Systems Italy, combining cutting-edge industrial technology with renewable energy project delivery. Over the years he advised major multinational corporations such as Enel, one of the world's largest energy companies, supranational organizations such as IRENA (www.irena.org), investors, and project developers across continents.
His recent work also spans semiconductor materials and technology investment. From 2019 to 2023, he also advised Ren Jianxin, former Chairman of ChemChina, Syngenta and Pirelli, on corporate finance and strategic investment.
In 2024, Michele Bina co-founded AGC Carbon Inc., where he serves as Chief Commercial Officer.
He holds a master’s degree in Corporate Environmental Governance from the University of Hong Kong and a first-class BSc in Economics from the University of London.
Short pieces connecting environmental need with customer funding and operating realities.
The budget, procurement and delivery questions behind a promising market.
Technology and evidenceHow to distinguish a useful concept from repeatable industrial performance.
Tell us about the environmental, industry or technology question you are examining, the research or educational briefing you need, and your timeframe. Industrial consulting enquiries are also welcome.
Milan, Italy & Hong Kong
English and Italian · Professional working French