RE: RNS12 Jul 2023 07:32
David Palumbo, EQTEC CEO, commented:
"We believe this Agreement cements our commitment to the live operation of the France MDC whilst evidencing the growing profile of EQTEC technology among well-established utilities and operators of energy infrastructure. This third MDC and second project in partnership with Idex, which is owned by leading private equity firm Antin Infrastructure Partners, indicates growing demand from innovative, blue-chip partners and funders to build and operate new energy infrastructure powered by EQTEC to futureproof their operations. With the strength and track record of Idex alongside EQTEC's disruptive technology, this Agreement and our growing partnership represent joint leadership in the exciting and diverse market for renewable energy in France. We believe this deepening relationship will result in more plants in France in years to come.
"In addition to positioning itself as an innovative, vertically integrated, decarbonising energy company, Idex has been a constructive and valuable partner to the Company and represents a strong, future route to market for EQTEC technology as well as a collaborator in deploying our Utility solutions and a well-known name with the capability to develop, own and operate a portfolio of plants with EQTEC technology."