(Alliance News) - Redelfi Spa announced on Tuesday that it has sold its stake in CerLab Srl.

The sale of the stake in CerLab allows Redelfi to exit the renewable energy community (REC) market, recouping its entire investment and thus becoming cash-positive.

This transaction represents a further step towards the group's strategy of focusing its investments and resources on the development of stand-alone battery energy storage systems (BESS).

Redelfi's exit from CerLab's capital allows it to reallocate the financial resources allocated to CERs to stand-alone BESS.

Redelfi rises 1.5% to EUR6.73 per share.

By Michele Cirulli, Alliance News Reporter

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