TNE starts trading on London Stock Exchange

LONDON - Technologies New Energy plc (TNE), a company specializing in clean energy projects, announced today that its entire issued share capital of 158,401,125 Ordinary Shares has commenced unconditional dealings on the Main Market of the London Stock Exchange (LON:LSEG) as of 8:00 a.m. The company’s market capitalization at the start of trading is approximately £32 million.

TNE, incorporated in Portugal, operates within the renewable energy sector with a focus on energy transition, biofuels, chemicals, and the bioeconomy. The company’s business model includes consulting, contracting, and portfolio management of renewable energy projects, particularly in the development of its hybrid biorefinery technology.

José Meneses da Silva Moura, Founder & Executive Chair of TNE, expressed confidence in the company’s positioning to capitalize on the renewable energy market’s growth, driven by regulatory support for biofuels. He highlighted TNE’s progress since its inception in 2018 and its diversified revenue model, which he believes will deliver returns for shareholders.

TNE’s consulting unit aids clients in Portugal with the design and regulatory pathway for renewable energy projects, offering digital services and development for energy storage project services. The contracting unit provides construction and installation services for renewable energy projects, while the portfolio management unit prepares a portfolio of projects based on TNE’s hybrid biorefinery technology from inception to ready to build (RTB) stage.

The company’s strategy post-admission includes expanding services and market share in the consulting unit, enhancing operational efficiency and project portfolio in the contracting unit, and scaling up proprietary technology in the portfolio management unit.

The biofuel sector in Europe is integral to the region’s strategy to reduce greenhouse gas emissions and transition to a more sustainable energy system. With favorable policies and increasing demand for cleaner fuels, the European biofuel market is expected to grow steadily over the next decade.

This announcement is based on a press release statement and contains no endorsement of the company or its potential market performance. It is a factual report of TNE’s admission to the London Stock Exchange and the commencement of its share dealings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.