RE: RNS8 Sep 2022 08:03
David Palumbo, CEO of EQTEC, commented:
"We are excited to add France as our next MDC, alongside Italy and Croatia. The French market presents a significant and growing pipeline of opportunities for EQTEC, with potential for a network of licence distributors, contractors and other partners that support our journey toward becoming a leading innovator and licensor for Net Zero technology.
"At our core, EQTEC is a clean energy technology innovator, and our strategic focus is to make our leading-edge technology as available as possible to as many owner-operators as we can around the world. Our MDCs in target go-to-market geographies are critical to our progress. MDCs are places where prospective customers and partners can see, hear and touch EQTEC technology in a live, commercial plant and where owner-operators can witness our highly scalable solutions and consider how EQTEC can drive their future lines of business."
David Le-Saint, EQTEC Market Lead for France, said:
"The France MDC will be a showcase in France for EQTEC's leading-edge technology, built on our track record and R&D efforts at our technology centre at the University of Lorraine. It will boost our visibility with alliance partners and our credibility with utility groups and institutional funders.
"The acquisition lifts EQTEC into a much better position to pursue project opportunities in the wake of the energy transition acceleration draft bill due out before the new session of the French Parliament in October. The draft bill aims to simplify permitting and set a new framework for the feed-in tariff on SNG from methanation."