Find out all about Entech, an agile and responsive company that implements sustainable solutions to ensure the success of your innovative projects.
Its history
Entech is a Breton start-up founded in 2016 at the Quimper business incubator by two engineers, Christopher Franquet and Laurent Meyer, who control 95% of the company's capital. Christopher Franquet, the company's CEO, spent ten years with Vinci Energies, while Laurent Meyer, Development Director, is a green energy specialist who has worked for Albioma, among others. Entech has already completed over 230 projects worldwide, and has opened an office in Lyon and another in Vannes.
The specialist in renewable energy technologies, whose core business is the design, development and industrialization of renewable energy production and storage solutions, equipped with intelligent systems for the control and management of power grids, is targeting sales of €20 million in fiscal 2022 and €130 million in 2025, with an Ebitda margin of around 20% in 2025.
On the move
To support the development of its green energy technologies, Entech, a French leader in renewable energy storage and conversion, is launching an IPO. The company is aiming to raise €22 million, which could be increased to €25.3 million, through its IPO on Euronext Growth in Paris. The aim is to accelerate the deployment of its technologies for the energy transition.
" With over 230 projects completed in five years, and a validated technology and business model, Entech now aims to move into a new phase of development. This IPO comes at just the right time to support the acceleration of our development. "says Christopher Franquet, CEO and co-founder of Entech, in a press release.
Entech takes part in a pilot project in Scotland
Entech recently received an order from Engie Laborelec for a battery storage system to be installed at the European Marine Energy Centre (EMEC) located on the island of Eday, in the Orkney archipelago, north of Scotland. The order is part of the Forward2030 project, financed by the European public fund Horizon 2020 and led by a consortium headed by Orbital Marine Power, a pioneering company in tidal turbines. The 1.2 MW/1.5 MWh lithium-ion battery storage system supplied by Entech is designed to analyze the benefits of combining storage and tidal energy to meet grid requirements in the event of increasing renewable energy penetration, while increasing the project's revenue potential. This will demonstrate the technological and economic viability of this combination with a view to its wider deployment in Europe.
Entech: key information
- Valuation estimated at 139M euros
- Creation date 2016
- 120 employees
- 250 projects worldwide
