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€110 million raised
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Market capitalisation of €448.8 million
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TechShare alumni and French Tech Green20 labelled company
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166th listing on Euronext in 2021
Paris – 27 October 2021 – Euronext today congratulates Waga Energy, a European specialist in the production of biomethane from landfill gas, on its listing on Compartment B of Euronext’s regulated market in Paris (ticker code: WAGA).
Founded in 2015 in Meylan (Isère), Waga Energy has established itself in just a few years as a major player in the production of biomethane in Europe through a unique, innovative technology called WAGABOX®. Combining membrane filtration and cryogenic distillation, this technology recovers the methane emitted spontaneously by landfill waste and injects it directly into the gas networks, replacing natural gas. It thus transforms a major source of atmospheric pollution into clean, local and renewable energy. Waga Energy finances, builds and operates WAGABOX® treatment units through long-term partnerships with landfill site operators. Ten WAGABOX® units have been commissioned in France since 2017. They have already injected more than 30 million cubic metres of biomethane, i.e. 320 GWh of renewable energy, thus avoiding the emission of 57,000 tonnes of CO2 equivalent into the atmosphere. Waga Energy's Initial Public Offering (IPO) will accelerate the deployment of the WAGABOX® technology in Europe and North America in order to have a significant and immediate impact on the reduction of greenhouse gas emissions in a context of climate emergency.
Waga Energy was listed through the admission to trading of the 19,064,633 shares making up its equity and of 4,585,233 new shares issued under a Global Offering[1], after full exercise of the extension option and before the potential exercise of the over-allotment option.
The admission and issue price of Waga Energy shares was set at €23,54 per share. Market capitalisation was €448.8 million on the day of listing. The offering raised €110 million altogether.
Mathieu Lefebvre, Guénaël Prince and Nicolas Paget, founding directors of Waga Energy, said: "Faced with the climate emergency, the major challenge of the 21st century will be to replace fossil fuels with renewable energy. Waga Energy hopes to contribute to this process with its patented WAGABOX® technology, which produces large quantities of biomethane at competitive prices using the gas emitted by waste storage sites. From its beginnings as a technology pioneer, Waga Energy's ambition is to become a world leader in the production of biomethane, in order to build the foundation for a future world powered by clean energy, today. Waga Energy's highly dedicated employees are eager to bring their skills to innovative projects that contribute to sustainable development, with the support of the company's customers, partners and investors."
Caption: Mathieu Lefebvre, co-founder and CEO of Waga Energy, Guénaël Prince, co-founder and Chief R&D Officer, Nicolas Paget, co-founder and Chief Technology Officer of Waga Energy, and their team rang the bell during a ceremony this morning, in the presence of Guillaume Morelli, Director Listing SMEs France at Euronext, to celebrate the IPO of the company.
About Waga Energy Founded in 2015 in Meylan (France), in the heart of Grenoble’s world-renowned high-tech ecosystem, Waga Energy is the European leader in the production of Renewable Natural Gas (also known as “biomethane”) from landfill gas, thanks to a unique upgrading technology called WAGABOX®. Combining membrane filtration and cryogenic distillation, the WAGABOX® technology recovers the methane emitted by landfilled waste. It delivers high quality RNG that is injected directly into the gas grid to substitute fossil natural gas. Waga Energy funds, builds and operates the WAGABOX® units under long-term contracts with landfill owners and generates income by selling RNG. As of 31 July 2021, Waga Energy operates ten WAGABOX® units in France, with a maximum installed capacity of 225 GWh/year. Ten new units are currently under construction, including one in Spain and two in Canada.
[1] 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.