€12.4 million raised
Market capitalisation of €59.2 million
5th listing of a cleantech on Euronext Paris in 2022
19th listing on Euronext Paris in 2022
46th listing on Euronext in 2022
Paris – 13 July 2022 – Euronext today congratulates Charwood Energy, a specialist in biomass energy solutions, on its listing on Euronext Growth Paris (ticker code: ALCWE).
A Brittany-based company labelled as an “entreprise innovante” (innovative company) by Bpifrance, Charwood Energy designs, builds and operates sites for the conversion of biomass into low-carbon energy. Charwood Energy relies on a strong base of technical expertise developed over the last 15 years around three key technologies: biomass combustion, methanisation and pyrogasification. By the end of 2021, Charwood Energy had already completed more than one hundred projects for third parties, representing a cumulative installed capacity of more than 54 MW, constituting production of 250 GWh/year and more than 26 km of heating networks, on behalf of many prestigious industrial companies such as Engie, Paprec and Séché Environment. Charwood Energy's Initial Public Offering (IPO) aims to provide the company with the additional financial resources necessary to implement its three strategic priorities: the densification of its commercial network, the positioning of the company on larger projects and with larger industrial clients that have growing needs for renewable energy, and the development of operation and maintenance (O&M) services, in line with the increase in the number of plants installed by Charwood Energy.
Charwood Energy was listed through the admission to trading on 13 July 2022 of the 5,198,407 ordinary shares making up its equity and of 1,088,407 new shares issued under a Global Offering.
The admission and issue price of Charwood Energy shares was set at €11.38 per share. Market capitalisation was €59.2 million on the day of listing. The IPO raised €12.4 million altogether.
Adrien Haller, Founder and CEO of Charwood Energy, said: “We are very pleased to announce the success of our IPO, and warmly thank all our shareholders, both institutional and individual, for the confidence they have shown in us. With these new financial resources, we are now ready to accelerate our roadmap, and thus participate in the current challenges of energy transition and autonomy. Our ambitions are strong, and our market very buoyant, two key points that should lead us to cross the €100 million turnover mark by 2027. We are enthusiastic about the idea of starting this new stage alongside our new shareholders and of building Charwood Energy’s stock market history together.”
Caption: Adrien Haller, Founder and CEO of Charwood Energy, and his team rang the bell during a ceremony this morning, in the presence of Camille Leca, Head of Listing France at Euronext, to celebrate the IPO of the company.
 The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.
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 made revenue of €4.6 million in 2021 from its third-party activities. With the market driven by environmental, regulatory and economic factors, the Group is now committed to developing pyrogasification in France and selling energy through its proprietary pyrogasification plant bases.