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NewCo Bright Storage S.p.A. established to serve the agreement with WRM Group

By 31 October 2023No Comments

What follows is the press release, available (in Italian) in PDF format.

 

NEWCO BRIGHT STORAGE S.P.A. ESTABLISHED TO SERVE THE AGREEMENT WITH WRM GROUP

 

 

Milan, 31 October 2023

Redelfi S.p.A. (“Redelfi” or the “Company”), a company heading the industrial group of the same name with operational headquarters in Genoa – active in the development of innovative and sustainable infrastructures to facilitate the energy transition, listed on the Euronext Growth Milan segment of Borsa Italiana – announces that, in line with the term sheet stipulated with the WRM Group, the Italian company Bright Storage S.p.A.(“Bright Storage”) has been established. Bright Storage – once the relevant contractual documentation has been finalised, currently being defined – will be 49% owned by Flash S.p.A. and will invest its own resources in the development of BESS Projects with a target of 2.8 GW over a three-year period (ref. p.r. 4 October 2023).

 

This press release is available on website www.redelfi.com, section Investor Relations > Press Release, and on www.1info.it.

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Redelfi is the company at the helm of the homonymous Group, engaged in the digital and green transition through a strongly innovative approach in the definition of products, services and processes with special attention on the respect of ESG criteria and governance.
Following the 2023 half-yearly financial report, the Group achieved a Value of Production of € 4.2 million and a Net Result of € 1.4 million. Net Financial Position is € 3 million, and Net Equity is € 11 million.

Contacts:

ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Torre B “I Gemelli” 11 piano, 16149 Genova
Redelfi | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Torre B “I Gemelli” 11 piano, 16149 Genova

INVESTOR & FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano

EURONEXT GROWTH ADVISOR & SPECIALIST
Integrae SIM | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milano