DJ Charwood Energy: Charwood Energy announces the commissioning of a 4.7MW wood-based urban heating network for ENGIE Solutions
Charwood Energy Charwood Energy: Charwood Energy announces the commissioning of a 4.7MW wood-based urban heating network for ENGIE Solutions 21-Nov-2022 / 17:45 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Charwood Energy announces the commissioning of a 4.7MW wood-based urban heating network for ENGIE Solutions
Charwood Energy (ISIN: FR001400AJ60, ticker: ALCWE), a French specialist in tailor-made biomass energy recovery solutions, announces the commissioning of a 4.7MW installation comprising a biomass heating system and a heating network for its client ENGIE Solutions, serving the Guillaumet development zone in Toulouse.
Within the framework of this project, ENGIE Solutions, prime contractor and operator of the future heating network, has selected Charwood Energy for its expertise in wood-based energy and its turnkey solution.
Involving two wood boilers (and two back-up gas boilers) with a total capacity of 4.7MW, a 3km heating network and 24 substations, 1,200 housing units and 23,300 square metres of commercial, office and public buildings will be served. The gas units will be commissioned in early November, while the wood units will come into service in early 2023.
For a total of more than EUR2 million, Charwood Energy's solution has already led to further studies at other sites in the region and throughout France.
Nicolas Rident, Chief Operating Officer of Charwood Energy, said: "We are preparing to go live in the coming days with one of the key accomplishments of our portfolio, signed during the second half of 2020. It is a symbol of the response by utilities to the new ecological landscape and the energy transition, and was made possible thanks to the expertise of a pure player like Charwood Energy. With execution at all levels proceeding in line with our expectations, the success of this project is likely to fuel future growth in the Group's activities for third parties, both with ENGIE Solutions and other major clients."
Contacts
CHARWOOD ENERGY ACTIFIN ACTIFIN
Investor Relations Press Relations
investisseur@charwood.energy charwood@actifin.fr mjordan@actifin.fr
+33 (0)2 97 26 46 30 +33 (0)1 56 88 11 14 +33 (0)1 56 88 11 26
About Charwood Energy
Convinced that biomass is a key response to the challenges of the energy transition, Charwood Energy designs, installs and maintains tailored solutions for the production of biomass renewable energy.
With a wealth of technical know-how and expertise in all biomass recovery technologies - heating and heating networks, methanisation and pyrogasification - Charwood Energy generated revenue of EUR4.6 million in 2021 from its third-party activities and EBITDA of EUR1 million (23% of revenue).
Positioned since 2019 in the promising area of pyrogasification technology, Charwood Energy is now also involved in the development and operation of proprietary pyrogasification units aiming to produce and sell green gas, biochar and carbon credits to industrial customers under direct purchasing contracts.
The company is listed on Euronext Growth Paris (ISIN: FR001400AJ60, ticker: ALCWE) - Eligible for PEA PME equity savings plans - Certified as an "Innovative Company" by bpifrance.
For more information, see: https://charwood.energy/investisseurs/
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Regulatory filing PDF file File: Charwood Energy announces the commissioning of a 4.7MW wood-based urban heating network for ENGIE Solutions
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Language: English
Company: Charwood Energy
1 Rue Benjamin Franklin - P.A. de Kerboulard
56250 Saint-Nolff
France
Phone: 0297264630
E-mail: contact@energy.bzh
ISIN: FR001400AJ60
Euronext Ticker: -
AMF Category: Inside information / Other releases
EQS News ID: 1492919
End of Announcement EQS News Service
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1492919 21-Nov-2022 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1492919&application_name=news
(END) Dow Jones Newswires
November 21, 2022 11:45 ET (16:45 GMT)
