Alternus Clean Energy and Hover Energy Provide Progress Update: $6M in Client Orders and 75 MW Pipeline

Alternus Clean Energy (OTCQB: ALCE, ACLEW) ("the Company" or "ALCE"), a transatlantic independent power producer, announced significant and ongoing progress in its strategic partnership with Hover Energy. The companies currently have open client orders totaling $6 million, with deliveries expected to commence in the second half of 2025. Alternus and Hover are advancing a pipeline of microgrid projects exceeding 75 MW of capacity, serving blue-chip global clients in the United States and the United Kingdom.

Established in August 2024, the partnership between Alternus and Hover Energy aims to deliver next-generation microgrid solutions explicitly designed for data centers, including rapidly growing "edge" data centers and corporate clients seeking reliable, sustainable energy solutions.

Alternus CEO Vincent Browne remarked, "The combination of skills and resources in this partnership is unmatched and will deliver previously unavailable solutions. We envision a future where traditional grids connect seamlessly with hundreds, even thousands, of microgrids."

Hover Energy CEO Chris Griffin added, "Companies require turnkey solutions to directly achieve tangible net-zero decarbonization goals. Our collaboration with Alternus means we can comprehensively design, build, and deliver those solutions."

This strategic collaboration leverages Hover's patented microgrid technologies, including innovative wind generators and advanced energy control systems, and Alternus' extensive expertise in independent power production (IPP) operations and project financing. Together, these capabilities enable a consistent, zero-carbon energy supply, significantly reducing client reliance on traditional grid infrastructure.

In a recent interview on Investing.com, Griffin emphasized the importance of microgrids in contemporary energy infrastructure, stating, "People need to utilize microgrids and have traditional grid systems as a backup."

The microgrid market is projected to surpass $100 billion by 2032, representing a compound annual growth rate of approximately 20.5% from 2024, underscoring the rapidly increasing importance of localized energy solutions capable of operating independently or alongside main electrical grids.

Alternus Clean Energy | https://alternusce.com/