Alerion CleanPower (IT:ARN) has released an update.
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Alerion Clean Power is set to strategically diversify into energy storage by planning a 200 MW hydroelectric storage plant project in collaboration with Fri-el S.p.A. This project, located in Basilicata, aims to enhance the national electricity grid’s stability and flexibility. Alerion’s move marks a significant step in strengthening its position in Italy’s renewable energy sector.
For further insights into IT:ARN stock, check out TipRanks’ Stock Analysis page.
