Waga Energy closes its first ITC monetization under the US Inflation Reduction Act for a net amount of c. USD 3.8 million

Waga Energy closes its first ITC monetization under the US Inflation Reduction Act for a net amount of c. USD 3.8 million
 

Eybens (France), October 20th, 2025 - Waga Energy, a leader in Renewable Natural Gas (RNG) production from landfill sites, announces the successful first monetization signed on 14th October, 2025 of its Investment Tax Credit (ITC) for the Steuben County Wagabox® in New York State. ITCs, established under the U.S. Inflation Reduction Act (IRA), are federal incentives designed to promote private investment in renewable energy infrastructure.

The Steuben County ITC monetization achieved has a net sale price, after taking into account the related fees (including brokerage commission, insurance premium, and legal and tax advisory fees), estimated at c. USD 3.8 million.

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 grids that supply individuals and businesses, providing a substitute for fossil natural gas. Waga Energy currently operates 32 RNG production units in France, Spain, Canada and the USA, representing an installed capacity of more than 5.4 million GJ (1.5 TWh) per year. To date, WagaEnergy 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 is listed on Euronext Paris (FR0012532810 – EPA: WAGA).

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