(Alliance News) - Altea Green Power Spa reported on Monday that following the co-development agreement for nine Bess Storage plants in Italy, signed with a North American investment fund - the order backlog exceeded EUR150 million, an increase of about 114 percent compared to the same period in 2023.

Giovanni Di Pascale, director dof Altea Green Power, commented, "We are really pleased to have more than doubled our backlog. This is an important result that stimulates us to reach new goals, confirming the goodness of our business model and the targets indicated in the 2024-2028 business plan presented last January. We intend to continue along the path taken, consolidating our positioning on business units."

"In addition, we aim to strengthen the know-how acquired in storage, an area in which we have believed well in advance of our competitors and which has been a distinctive element of our business strategy."

Altea Green Power's stock is up 0.6 percent at EUR7.90 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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