Haffner Energy

a strengthened roadmap for a confirmed ambition

Regulatory News:

During a webinar today at 5pm, Haffner Energy informs its shareholders of its commercial, technological and manufacturing positions. The Company is also updating its short-term outlook.

In brief,

• Business outlook: renewable gas is now priority No. 1, with the launch of a new competitive high-capacity offering to address the immediate industrial markets for the replacement of fossil natural gas in European; confirmation of renewable hydrogen as priority No. 2, with delayed deployment in slower-than-anticipated start-up markets; positioning in sustainable aviation fuels (SAF), with multiple initial MOUs (partnership agreements) under discussion.
• Technology and industrial facilities: the technology is now more reliable thanks to the feedback since 2021 on the industrial demonstrator in Strasbourg, France; new-generation demonstrator installed on its own site in early 2024 in Marolles (Marne, France); launch of the FACTOR'HY project for a high-capacity assembly plant, with initial support of €5.9 million from the French government as part of the France 2030 call for projects operated by Bpifrance.
• Short-term outlook: Very strong growth in pipeline** (€488 million at 29/11/23, compared with €300 million at 31/03/23), confirming sales guidance of €250 million by March 31, 2027; ongoing discussions with R-GDS and Carbonloop on the execution of signed contracts, resulting in a temporary drop in activity and the concomitant implementation of temporary measures to reduce costs and preserve cash.

A disruptive and versatile technology answering more immediate needs than hydrogen

Haffner Energy's disruptive biomass thermolysis technology and the clean fuels derived from it have the capacity to meet the accelerating need for decarbonization, creating new development opportunities to complement renewable hydrogen. In recent months, the company has thus mobilized to develop new offers based on its technology, in order to capture the market for renewable gas as a replacement for fossil natural gas, and for sustainable aviation fuel (SAF) as a replacement for fossil kerosene.