Vénissieux, April 10, 2024
BOOSTHEAT (FR001400IAM7 / ALBOO), a French industrial and software player in energy efficiency, confirms the technical and commercial potential of its hybrid compression technology in the field of methanization by receiving a new letter of interest from a recognized player in the sector.
This French methanization expert has formalized his interest and support with the aim of accelerating the development of BOOSTHEAT technology and supporting the development of a product that meets the needs of this rapidly developing market. This recognized player in the world of micro-methanization and collective methanization manufactures and installs complete units to recover the biogas produced by the anaerobic digestion process of inputs.
At the current stage of technologies available on the market, this same biogas is converted into heat by combustion in a boiler or into heat and electricity by internal combustion cogeneration. Biogas, as a renewable energy source produced from organic waste, offers considerable potential to address the energy and environmental challenges facing the sector. However, to fully exploit this potential, it is essential to adopt innovative and efficient technologies.
This is exactly the objective of the ongoing tests carried out by BOOSTHEAT to demonstrate very efficient heat and electricity production. The strong expectation of a disruptive solution such as that developed by BOOSTEAT is at the origin of the growing interest.
I COLLABORATIVE WORK WITH AN AMBITIOUS CALENDAR
Collaborative work is planned between the two partners, particularly in the BOOSTHEAT laboratory in Vénissieux, to move forward together on the next stages of development and application validation. The objective is to demonstrate the ability of the BOOSTHEAT hybrid compressor to replace a boiler or micro-CHP with much greater efficiency and a reduction in energy consumption. BOOSTHEAT will thus be able to provide triple technical, economic and energy optimization compared to existing solutions.
If the results of the current tests are conclusive, the partner plans to support field tests, starting with a pilot project from 2024. This first demonstrator will be installed on an operating unit or as part of a new methanization installation.
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Find all the information about BOOSTHEAT on
www.boostheat-group.com
ABOUT BOOSTHEAT
Founded in 2011, BOOSTHEAT is a player in the energy efficiency sector. The Company’s mission is to accelerate the ecological transition through the integration of its technology into highly energy-consuming applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 families of patents making it possible to significantly optimize energy consumption to move towards reasonable and relevant use of resources.
BOOSTHEAT is listed on Euronext Growth in Paris (ISIN: FR001400IAM7).
I CONTACTS
NEWS finance & communication – Jérôme FABREGUETTES LEIB
Investor Relations
Such. : 01 53 67 36 78 / [email protected]
NEWS finance & communication – Serena BONI
Press relations
Such. : 04 72 18 04 92 / [email protected]
Warning :
The company BOOSTHEAT has set up financing in the form of ORA with the company Impact Tech Turnaround Opportunities (ITTO), which, after having received the shares resulting from the reimbursement or exercise of these instruments, is not intended to remain a shareholder of the Company.
The shares resulting from the redemption or exercise of the above-mentioned securities will, in general, be sold in the market very quickly, which may create strong downward pressure on the share price.
Shareholders may suffer a loss of their invested capital due to a significant decrease in the value of the Company’s shares, as well as significant dilution due to the large number of securities issued to the benefit of Impact Tech Turnaround. Opportunities (ITTO).
Investors are advised to be very vigilant before making the decision to invest in the securities of the Company admitted to trading which carries out such dilutive financing transactions, particularly when they are carried out successively. The company recalls that this dilutive financing operation is not the first that it has implemented.
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