ENERTIME: ENERTIME MOBILIZES WITH THE ILE-DE-FRANCE REGION IN THE SERVICE OF DECARBONATION, REINDUSTRIALIZATION AND EMPLOYMENT IN THE REGION – 03/22/2024 at 08:00


ENERTIME

(FR0011915339 – ALENE), a French “Cleantech” company serving industrial energy efficiency and the production of geothermal and biomass energy, announces that it has been selected by the Ile-de-France Region and the Engie Company, in the part of the call for solutions launched by the Solar Impulse Foundation for the decarbonization of sports infrastructures in the Region.

This selection of Enertime was made for two reasons, both for its offer of high-power heat pumps for the production of renewable heat, but also as a designer of turbomachines and industrial partner of the company STOLECT, the another winner of the call for solutions for its massive electricity storage technology based on high temperature heat storage.

The decarbonization of public or industrial infrastructure is one of the company’s major areas of development and is based around a range of high-power heat pumps intended to produce carbon-free heat from 50°C to – above 180°C and more in the recovery of waste or ambient energy and an offer of thermo-fridge-pump intended to produce heat at 80°C and above and cold at 6 to 10°C, as for example for combine Data Center and heating network.

Enertime’s solution, in addition to the environmental contribution, also offers a real impact on regional employment and the reindustrialization of the territory.

To achieve this, the company intends to work in close collaboration with the Region, the Region’s communities and players in the energy services market for these communities. For certain operations, ENERTIME also intends to mobilize its energy service subsidiary ENERGIE CIRCULAIRE which has the capacity to contract directly within the framework of public service delegations.

Gilles David, CEO of ENERTIME, declares: “

Our company, which was created and developed in Île-de-France, now has the opportunity to mobilize its best technologies to massively decarbonize the Region’s public infrastructure with equipment designed and manufactured in the Region. Public procurement is the best development accelerator for innovative industrial players like Enertime. Our visionary investment in the development of high-power heat pump technologies which began in 2015 was also motivated by our desire to bring relevant solutions and jobs to the territory where we develop and which supports us. »

An Enertime stand will be hosted by the Île-de-France Region during the Vivatech Show from May 22 to 25, 2024. The Enertime stand will allow visitors to visit, in virtual reality, several Enertime equipment and installations using a system provided by the company Techviz.

The company, which should employ 80 people in the summer of 2024, has the ambition to create a new heat pump manufacturing unit in Île-de-France in 2026 and has requested assistance from the Region to find a suitable site.

Finally, the company is in discussions with its banks to obtain bank loans benefiting from the Regional Guarantee Fund of the Region. These loans intended to support the growth of the company will make it possible to improve the management of the company’s working capital needs without having to call on capital increases.

ABOUT ENERTIME

Created in 2008, ENERTIME designs, develops and implements Organic Rankine Cycle (ORC) machines and high temperature heat pumps for industrial energy efficiency and decentralized production of renewable energy. ORC machines transform heat into electricity. Heat Pumps use low temperature heat to produce heat at high temperatures.

ENERTIME is one of the few global players that masters high-temperature industrial turbomachinery technologies using alkanes and new generation refrigerants as working fluid. ENERTIME is listed on the Euronext Growth market (ISIN: FR0011915339 – Ticker: ALENE). More information at https://www.enertime.com

CONTACTS

ENERTIME

Gilles DAVID – CEO Sophie DUGUE – Administrative manager

Such. 01 75 43 15 40 Tel. 01 80 88 75 10

[email protected] [email protected]

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