Our mission is to help the world reduce waste and generate green energy. Our greatest contribution to that mission is producing the world's purest syngas for the widest variety of applications
David Palumbo, chief executive
What the company does
The business model is simple: source waste-to-energy projects and sell the developers an EGT along with an ongoing contract for operation and maintenance of the project.
The company has been targeting power generation systems fed by municipal waste, waste olive oil and biomass. The aim ultimately is to become a ‘one-stop-shop’ for the technology, design, the build and the operation and management of these projects.
How it is doing
Interim results released in late September highlighted that 2020 has so far seen growth for EQTEC in terms of sales activity, contracting, and partner, pipeline and portfolio development.
“Our continuing focus on growing EQTEC's pipeline has, in the first half of the year, created additional non-contracted tender opportunities worth a total potential of €341mln amongst which we sent full commercial offers worth a total of €205mln,” David Palumbo said in a statement.
“Although we see pipeline growth continuing in the second half of 2020 and beyond, we are also taking the opportunity to put in place greater discipline with financial close and with project execution.”
- Spending the £10mln in funding raised recently
- More deals for the company's technology across the world
- Increased demand for technology as waste-to-energy market expands