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      Sphera Energy secures €750,000 development financing agreement with Intesa Sanpaolo.

      Sphera Energy is thrilled to announce the successful closing of a €750,000 financing agreement with Intesa Sanpaolo, Italy’s largest banking group. This 4-year corporate loan, supported by MCC Mediocredito Centrale, will contribute towards expanding Sphera Energy’s development funding capabilities and will further accelerate its efforts in growing and advancing its geographically diversified pipeline of energy storage projects across Italy.

      This financing agreement marks a significant milestone for Sphera Energy, showcasing the company’s ability in a short time since launch in early 2023 to build a relationship of trust with a top tier banking group such as Intesa Sanpaolo, and confirming the solidity of our platform’s business plan and team track record.

      The funding provided by Intesa Sanpaolo is earmarked for development expenditures primarily utilized for advancing Sphera Energy’s existing pipeline of projects, thereby supporting the company’s mission to deliver large scale investment-grade project assets that enable and accelerate the decarbonization of the electrical grid.

      About Sphera Energy:

      Sphera Energy is a project development platform based in Italy and focused on delivering utility-scale energy storage assets that enable the accelerate decarbonization of our electrical grids. Founded by a team of Renewable industry veterans, Sphera Energy benefits from decades of combined entrepreneurial and corporate experience in delivering investment grade projects and growing clean energy businesses in Italy and globally.

      Contact: info@sphera-energy.com

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