FDE

Revenue of €17.6 Million in H1 2024 - Seite 2

Ongoing growth developments for 2024

The upcoming administrative approvals for the connection of 4 new cogeneration units, already on-site in the Hauts-de-France, will contribute to the Group's organic growth and accelerate the capture and utilization of abandoned mine methane on the concessions owned by FDE.

Following the obtention of the Bleue Lorraine concession last November, the Group is progressing with the reviewed decarbonized hydrogen development plan from Moselle gas, with the aim to strengthen the energy security of the region, participate in the decarbonization of industry and transportation, as well as participating in the development of hydrogen ecosystems in the Greater Region. This plan will be detailed on March 7^th, 2024.

In Norway, FDE’ subsidiary, Biogy Solutions AS, is continuing its engineering work, contractual negotiations with local farmers for biogas inputs and permit applications to kick start production of its new Liquefied Biogas (LBG) and Bio-CO₂ production unit in Stavanger by early 2025. The unit will produce annually 100 GWh of LBG, 13,000 tons of liquid Bio-CO₂, and 155,000 tons of organic fertilizer. It will contribute, along with the numerous green energy production projects in development in Norway, to the strong revenue growth of the Group.

FDE is also working with its financial partners and sustainable innovation and development agencies in Norway on the most relevant project financing solutions and subsidies to support the Group's development strategy in LBG and Bio-CO₂ production.

Finally, the completion process for the acquisition of Greenstat AS is ongoing, with the shareholders’ approval expected on January 30^th, 2024. This will also launch the initial investments in green hydrogen production projects in Norway, with the level of subsidies being currently finalized, the objective is to replace heavy fuels used in the maritime sector.

FDE confirms its FY 2026 objectives of annual revenues of more than €100 million, and an EBITDA above €50 million, combined with over 10 million tons of CO₂eq emissions avoided per annum

Next announcements:
Presentation of development in Lorraine: March 7^th, 2024

Reuters code: FDEL.PA | Bloomberg code : FDE.FP

About La Française de l’Énergie (« FDE »)
FDE is a negative carbon footprint energy Group, specialized in the implementation via short circuits, of energy recovery and production sites, allowing the reduction of greenhouse gas emissions. FDE notably supplies regional players with gas, electricity, heat and CO2, thus replacing imported energy with local, cleaner energy. FDE has strong development potential and aims to become a leading independent player in the energy sector in Europe.by Bpifrance.