Below is the press release, available in PDF format (in italian).
REDELFI SIGNS AN AGREEMENT WITH THE WRM GROUP TO DEVELOP DATA CENTER PROJECTS IN ITALY AND LAUNCHES A NEW BUSINESS LINE
REDELFI’S EXPERTISE IN NATIONAL-LEVEL CONNECTIVITY WILL ENABLE THE GROUP TO ENTER THE DATA CENTER MARKET, CREATING INDUSTRIAL SYNERGIES WITH THE BESS MARKET.
THE AGREEMENT PROVIDES FOR THE DEVELOPMENT OF FOUR DATA CENTERS THROUGH THE ESTABLISHMENT OF A DEDICATED JOINT VENTURE AND THE SIGNING OF A DEVELOPMENT SERVICES AGREEMENT FOR THE DEVELOPMENT OF THE RELATED PROJECTS.
Milan, January 29, 2026
Redelfi S.p.A. (“Redelfi” or the “Company”), the parent company of the industrial group of the same name, with its operational headquarters in Genoa —engaged in the development of innovative and sustainable infrastructure to facilitate the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana—announces that it has signed a term sheet with the WRM Group (“WRM Group”) regarding the creation of a joint venture specializing in the development of data center projects (“Data Center Projects”) in Italy.
The agreement provides for the establishment of a specific new company incorporated under Italian law (“NewCo”), 51% owned by Redelfi or a company controlled by it and 49% by the WRM Group, with the aim of investing its own funds in the development of data center projects over the next two years.
The technical and operational activities involved in the development of the Data Center Projects will be handled entirely by Redelfi and governed by a Development Services Agreement (“DSA”), which will be signed between NewCo and Redelfi. This agreement will provide for payments to Redelfi upon the achievement of specific development milestones for each Data Center project, upon completion of the related technical and operational activities. The Company is participating in the transaction both as a partner and as a developer.
The WRM Group and Redelfi are already partners in the Bright Storage joint venture, which is active in the development of stand alone Battery Energy Storage System (BESS) projects. Redelfi’s extensive experience in the development of BESS systems has enabled the two companies to extend their collaboration to the development of data centers. The application of structured knowledge transfer processes regarding Redelfi’s infrastructure and nationwide connections will enable the optimization of design and integration activities between BESS systems and data centers, yielding benefits in terms of operational efficiency.
Data centers are facilities that house IT systems, enabling the storage, processing, and management of data; however, they are characterized by high energy consumption, which places a significant burden on the power grid—a burden that can be mitigated by the co-location of BESS systems.
This decision reinforces Redelfi’s role as a leading developer of strategic infrastructure, both in the energy and digital sectors.
Davide Sommariva, Chairman of the Board of Directors of Redelfi S.p.A. commented, ” The agreement with the WRM Group represents another strategic step in Redelfi’s growth and diversification strategy. The development of data centers expands our business model, which is based on the development of strategic and innovative infrastructure, ranging from energy to digital infrastructure. WRM’s decision to strengthen its partnership with Redelfi, following the experience gained through the Bright Storage joint venture, confirms the recognition of our expertise in developing complex projects. The established relationships and excellent collaboration built over time with the WRM Group are a key element in the development of this new industrial initiative .”
This press release is available on the website www.redelfi.com, Investor Relations section > Press Releases and on www.1info.it.
***
Redelfi is the parent company of an industrial group active in the energy transition sector, through the development of Battery Energy Storage Systems, with a highly innovative approach and a strong focus on compliance with ESG principles in corporate management. In financial year 2024, the Group achieved a production value of EUR 19.8 million and a net profit of EUR 3 million. The Net Financial Position is cash negative in the amount of EUR 19.5 million and shareholders’ equity amounts to EUR 24.4 million.
Contacts:
ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | Piazza Borgo Pila, 39, Torre B, 16129 Genova
Redelfi | Media Relations Manager | Carolina Beretta | carolina.beretta@redelfi.com | Piazza Borgo Pila, 39, Torre B, 16129 Genova
INVESTOR & FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan, Italy
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milan, Italy
EURONEXT GROWTH ADVISOR
Integrae SIM | info@integraesim.it | T: +39 02 80506160 | Piazza Castello, 24 – 20121 Milan
