Alternus Clean Energy to acquire energy storage solutions provider LiiON
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Alternus Clean Energy Inc (NASDAQ:ALCE) is set to acquire LiiON, a US-based energy storage solutions provider. This acquisition aims to expand Alternus' renewable energy capabilities, particularly in the microgrid market, and strengthen its Battery Energy Storage (BESS) division.
November 25, 2024 | 4:30 pm
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Alternus Clean Energy Inc is acquiring LiiON to enhance its renewable energy capabilities and strengthen its BESS division, particularly in the microgrid market.
The acquisition of LiiON by Alternus Clean Energy is a strategic move to enhance its offerings in the renewable energy sector, particularly in the microgrid market. This is likely to positively impact ALCE's stock price in the short term as it strengthens its BESS division and expands its market capabilities.
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