Waga Energy SA (FR:WAGA) has released an update.
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Waga Energy SA reported a significant 87% increase in turnover to €25.6 million for the first half of 2024, driven by the start-up of five new WAGABOX® units, including the first in the United States, and a 79% increase in biomethane production. The company improved its EBITDA to -€2.5 million, up from -€3.1 million in the previous year, and strengthened its financial position with €78 million in cash reserves after a successful capital raise and debt financing. Waga Energy’s commercial pipeline also grew by 15%, signaling a strong market position and future growth potential in the biomethane sector.
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