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The acquisition boosts ALCE's capabilities and market reach, which historically drives stock prices up.
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Alternus acquires LiiON, enhancing battery storage capabilities. Partnership will support growth in microgrid market segment. LiiON includes customers like Amazon and NASA, boosting Alternus' reach. Acquisition valued at $5 million, enhancing shareholder equity by $3 million. Alternus aims for 3GW of projects in five years with completed acquisition.
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