(Alliance News) - Energy Spa announced Tuesday that it has won a EUR25.7 million tender in Austria for the supply of electricity storage systems and the provision of certain related services to the Austrian freeway concessionaire, Asfinag.

The tender was awarded in a temporary joint venture together with Königskreuz GmbH. Energy is the lead partner in the ATI and will supply, starting in the summer and for about 18 months, all the storage systems - worth about EUR22 million - and ancillary services.

"The tender represents the first of its kind won by Energy, as a partner of ARGE Energy Königskreuz, and represents international recognition of Energy's strategy, which confirms its leading position in the renewable energy sector," the company explained.

Energy rises 6.7 percent to EUR1.68 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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