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Haffner Energy Reports Annual Results for Fiscal Year 2024-2025
Globenewswire· 2025-06-30 06:00
Core Viewpoint - Haffner Energy has made significant progress in its technological maturity and commercial development during the fiscal year 2024-2025, with a focus on expanding its project portfolio and establishing strategic partnerships, particularly in the Sustainable Aviation Fuel (SAF) market. Group 1: Technological and Strategic Advances - The commissioning of the Marolles showcase site marks a milestone, being the first site globally to produce green hydrogen from solid biomass, which has already led to a contract for a hydrogen, electricity, and biochar production unit in Switzerland [6][9][13] - Haffner Energy has established new strategic partnerships with key players in the SAF industry, including LanzaJet and IðunnH2, to enhance its market presence and technological capabilities [14][15][16][19] - The company has launched a capital increase that raised €7 million, expanding its free float to nearly 25%, which will support its development initiatives [4][23][28] Group 2: Financial Performance - For the fiscal year ending March 31, 2025, Haffner Energy reported net sales of €378,000, an improvement from the previous year's negative sales, and an EBITDA loss of €10,011,000, which reflects cost-cutting measures [34][36] - The net loss for the year was €12,311,000, which is larger than the previous year's loss of €9,935,000, indicating ongoing financial challenges despite improvements in operational efficiency [35][37] - The company had a net cash position of €559,000 as of March 31, 2025, down from €11,042,000 the previous year, necessitating the recent fundraising efforts [41][42] Group 3: Future Outlook and Priorities - Haffner Energy aims to accelerate the conversion of its sales pipeline, which is valued at €1.55 billion, and has a weighted pipeline of €388 million as of March 31, 2025 [48][50] - The company has set four operational priorities for the current financial year, including advancing strategic projects, optimizing the Marolles site, and simplifying governance structures [46][54][58] - Continued investment in R&D is planned to enhance the performance of its biomass thermolysis technology, which has been recognized for its innovation [52][53]
Business aviation leader Luxaviation and Haffner Energy join forces to accelerate SAF production and promotion
Globenewswire· 2025-06-18 06:00
Core Insights - Luxaviation and Haffner Energy are collaborating to enhance the production and promotion of Sustainable Aviation Fuel (SAF) through the initiative SAF Zero [1][2] - SAF Zero aims to create an investment and project development platform to accelerate SAF production by uniting key stakeholders in the aviation sector [2][4] - Luxaviation's potential involvement includes financial support, strategic guidance, and offtake agreements for SAF projects like Paris-Vatry SAF [1][4] Company Overview - Haffner Energy has 32 years of experience in designing and operating clean fuel solutions, focusing on SAF production from various biomass sources and municipal waste [4][9] - Luxaviation operates one of the largest private aircraft fleets globally and is committed to aviation decarbonization through improved fuel efficiency and increased SAF usage [7][10] - Both companies are part of Project SkyPower, an initiative aimed at promoting the development and adoption of SAF [8] Strategic Goals - The collaboration between Luxaviation and Haffner Energy is positioned as a key element in Europe's clean aviation strategy [3][6] - Luxaviation's "Go-to-Zero" Investment Fund, launched in 2023, aims to support SAF production initiatives [7] - Haffner Energy will provide engineering support and critical equipment for SAF Zero projects [5]
HYNOCA® recognized as EU-funded REFORMERS’ Renewable Energy Valley project in Netherlands awarded World Hydrogen 2025 Prize, Clean Project category
Globenewswire· 2025-05-20 16:00
Core Insights - Haffner Energy's biomass-based hydrogen production solution, HYNOCA®, was recognized at the 5th World Hydrogen Awards as one of the two selected technologies for the Renewable Energy Valley project under the REFORMERS initiative [1][2] - The project in Alkmaar, Netherlands, aims to produce 240 metric tonnes of green hydrogen annually using 6,500 tonnes of locally sourced residual biomass, significantly contributing to local mobility and industrial needs while reducing CO2 emissions by 2,880 tonnes per year [5][6] Company Overview - Haffner Energy specializes in producing competitive clean fuels through innovative biomass thermolysis and gasification technologies, with 32 years of experience in converting biomass into renewable energies [10] - The company is publicly listed on Euronext Growth, with a focus on sustainable energy solutions and the co-production of biogenic CO2 and biocarbon [10] Industry Context - The Renewable Energy Valley initiative represents a model for energy resilience and sustainable development, integrating traditional energy sectors with innovative renewable technologies [7] - The project is part of a broader effort to establish six additional Replication Valleys across Europe, promoting clean hydrogen production and energy independence [9]