Waga Energy sets up in Brazil
05 Feb 2025 18:00 CET
Issuer
WAGA ENERGY S.A.
|
Waga Energy Waga Energy sets up in Brazil
Eybens (France), February 5th, 2025 - Waga Energy is deploying its patented technology in South America with the opening of a subsidiary in São Paulo, Brazil. In line with its international deployment strategy, Waga Energy, specialist in the upgrade of biogas from landfill sites in the form of renewable natural gas (RNG), created a subsidiary in Brazil on February 4th, 2025. Its headquarters is based in São Paulo. Founded in 2015 in France in the Grenoble region, Waga Energy is present in six countries in Europe and North America. It develops, finances and operates its WAGABOX® units to produce RNG, a substitute for fossil-based natural gas, using biogas naturally generated by landfill sites. A market with high potential and incentive policies Brazil has approximately 3,850 landfill sites, including some of which are equipped with collection systems for biogas generated naturally by the decomposition of organic matter. Recent regulations have encouraged operators to reduce methane emissions, a powerful greenhouse gas, on these sites. The “Combustível do Futuro” (Fuel of the Future) law, enacted in 2024, encourages the production and use of renewable energy sources, including RNG, with the aim of decarbonizing the transportation industry. It also creates certificates of guarantee of origin (“CGOB”) to encourage decarbonization programs. Economic and environmental challenges RNG addresses three economic and environmental issues for the country: reducing greenhouse gas emissions and improving air quality; increasing its energy independence with respect to imports and reducing its dependency on fossil fuels; converting waste by valorizing it into a precious energy resource. The integration of RNG in the Brazilian energy mix is also one of the tools designed to meet the goals of the Paris agreement, signed by Brazil in September 2016. The country is aiming for a reduction of 43 % in its greenhouse gas emissions by 2030, with a goal of incorporating 10 % of RNG in the gas network, with an initial target commitment of 1 % in 2026. In November 2025, Brazil will host COP 30, the 30th United Nations Climate Change Conference, which will convene in Belém. Mathieu Lefebvre, Chairman and Chief Executive Officer, Waga Energy Group, stated: “We are proud to open this new subsidiary. Brazil offers great potential for the growth of our innovative industrial solution, with numerous landfill sites and significant environmental challenges. Our WAGABOX® technology provides added value to landfill site managers and offers clean, local and renewable energy for Brazilians. We are ready to take up the challenge: to support, in our own way, the country in its decarbonization goals and to contribute to its fight against climate change.” Álvaro Ferreira recruited to develop Waga Energy Brasil Ltda
Waga Energy has recruited Álvaro Ferreira to develop this new Brazilian subsidiary. For almost 30 years, he has contributed to the development of markets for industrial gas, natural gas and renewable gas, including renewable natural gas. He has headed up and managed projects in Brazil, South America and South-East Asia. He has held management positions with White Martins (Linde/Praxair group) and GNLink (Lorinvest group) in Brazil and in China. Álvaro Ferreira says: “Our patented, disruptive technology has proven its potential on European and North American markets. We are equipped to offer solutions adapted to size and to Brazil’s goals in energy transition.” About Waga Energy Founded in 2015, Waga Energy (EPA: WAGA) produces competitively priced Renewable Natural Gas (RNG, also known as “biomethane”) by upgrading landfill gas using a patented purification technology called WAGABOX®. The RNG produced is injected directly into the gas distribution networks that supply individuals and businesses, providing a substitute for fossil natural gas. Waga Energy operates 30 RNG production units in France, Spain, Canada and the USA, representing an installed capacity of more than 3,410,000 MMBtu (1.4 TWh) per year. WagaEnergy now has 18 RNG production units under construction worldwide. Each project initiated by WagaEnergy contributes to the fight against global warming and helps the energy transition. Waga Energy employs 250 people. The 2023 consolidated revenue was 33.3m€. It is listed on Euronext Paris (FR0012532810 – EPA: WAGA). https://waga-energy.com/en - 30 - Contacts
Regulatory filing PDF file File: 2025-02-05_PR_WagaEnergyBrazil_US |
| Language: | English |
| Company: | Waga Energy |
| 5 Rue Raymond Chanas | |
| 38320 Eybens | |
| France | |
| Phone: | (33) 772 771 185 |
| E-mail: | laurent.barbotin@waga-energy.com |
| Internet: | www.waga-energy.com |
| ISIN: | FR0012532810 |
| Euronext Ticker: | WAGA |
| AMF Category: | Inside information / Other releases |
| EQS News ID: | 2081913 |
| End of Announcement | EQS News Service |
2081913 05-Feb-2025 CET/CEST
EJIWEVIPLVDTLPYDEXDYRCFO_2025-02-05_PR_WagaEnergyBrazil_US.pdf
Source
Waga Energy
Provider
EQS Group
Company Name
WAGA ENERGY
ISIN
FR0012532810
Symbol
WAGA
Market
Euronext