WAGA ENERGY (EPA:WAGA) Waga Energy commissions a RNG production plant in Southern France
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Waga Energy
Waga Energy commissions a RNG production plant in Southern France
Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, commissioned a RNG production unit at Veolia's Storage-Energy Pole in Chatuzange-le-Goubet (Southern France) on April 11, 2024. Thanks to the WAGABOX® technology, developed and patented by Waga Energy, the gas spontaneously emitted by landfilled waste at the site is upgraded in the form of RNG, a renewable substitute for fossil-based natural gas. The RNG is injected directly into the local distribution network to supply households and businesses. The Storage-Energy Pole can process 150,000 tons of waste per year. Today, gas is recovered in the form of electricity by engines. The WAGABOX® unit has been added to this installation to increase the site's production of renewable energy. Capable of processing 370 scfm of raw gas (600 m3/h), it can produce up to 85,000 MMBtu (25 GWh) of RNG per year, supply more than 3,500 households, and prevent the emission of more than 4,000 tons of CO2 equivalent per year into the atmosphere.[1] Mathieu Lefebvre, Chief Executive Officer of Waga Energy, said: "We are very pleased with this new RNG production project carried out with Veolia, one of France’s major players in the ecological transition. With this new project, our fourth together, we are making a concrete contribution to reducing greenhouse gas emissions and combating global warming".
About Waga Energy Waga Energy (EPA: WAGA) produces competitively priced Renewable Natural Gas (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 natural gas. Waga Energy finances, builds and operates its WAGABOX® units under long-term contracts with landfill operators for the supply of raw gas, and generates income by selling the RNG it produces or by offering a purification service. As of the date of this press release, Waga Energy operates 22 WAGABOX® (directly owned or sold) units in France, Spain, Canada and the US, representing an installed capacity of 760 GWh per year. Each project initiated by Waga Energy contributes to the fight against global warming and helps the energy transition. Waga Energy is listed on Euronext Paris.
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[1]Estimate based on comparative emission factors for natural gas and Renewable Natural Gas in France, as determined by French energy agency Ademe's carbon database, and factoring in direct and indirect emissions. Regulatory filing PDF file File: Download the press release |
| 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: | 1886325 |
| End of Announcement | EQS News Service |
1886325 22-Apr-2024 CET/CEST