(AOF) – Waga Energy recorded in 2023 a result and commercial momentum enabling it to confirm the 2026 objectives of the Capital Markets Day of February 8, thanks to the growth in turnover (33.3 million euros, +74 % over one year) driven by the production of 336 GWh (+49% over one year) thanks to the start-up of 5 new Wagabox units and the maintenance of high availability (average of 96% on machines in operation for at least 12 month).
However, the company increases its operational loss in 2023, which amounts to 14.1 million euros compared to a loss of 8.1 million euros in 2022.
In 2023, its net loss is 16 million euros compared to 10.1 million euros in 2022
The group confirms its 2026 objectives: a turnover of around 200 million euros and an EBITDA breakeven during 2025.
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The challenges of water recycling
According to a report from the World Economic Forum, demand for water will jump by 55% by 2050. However, only 11% of water is recycled globally, with strong disparities depending on the country: if this rate reaches 89% in Israel, it falls to 15% in Spain. It is even less than 1% in France! The Veolia manager, however, believes that the rate of 10% targeted for 2030, as part of the new Water plan announced by the authorities, is achievable under certain conditions. First and foremost is administrative simplification. Veolia is committed to tripling its production of recycled water by 2030 to bring it to 3 billion m3. In this area, the world leader in environmental services strengthened its know-how during its takeover bid for the former Suez group.