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EQTEC primed to become one-stop-shop for waste-to-energy projects

Snapshot

  • Focuses on waste-to-energy projects
  • Commercial developments include equipment sale and services deal for Greece's first waste gasification proejct
  • Demand for technology and services “remains strong” in 2020
EQTEC

Quick facts: EQTEC PLC

Price: 0.49 GBX

AIM:EQT
Market: AIM
Market Cap: £33.66 m
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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

EQTEC PLC (LON:EQT) has developed the EQTEC Gasifier Technology, or EGT, which turns household waste into electrical and thermal energy.

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

EQTEC PLC’s (LON:EQT) cleantech proposition continues to go from strength to strength, and it is driving higher levels of awareness among investors and  awareness among potential customers.

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.”

 

Inflexion points

  • 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

 

Interview

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