​Waga Energy reported €12.3 million in consolidated revenue for 2021, a year-on-year increase of +29.6%. The increase was driven primarily by a rise in Renewable Natural Gas (RNG) production.

The ten WAGABOX® units in operation produced 145 GWh of RNG in 2021, a 26.7% year-on-year increase. Uptime for the ten units in operation in 2021 was at least 95%.

The RNG produced by the ten WAGABOX® units was injected into local grids, where it replaced fossil-based natural gas, avoiding around 24,000 tons of CO2 equivalent emissions.

Waga Energy signed eight new WAGABOX® projects over the course of 2021. Two of these projects are in Canada and one is in the United States, marking Waga Energy’s entry into the North American market. The five remaining projects signed are in France. At end-2021, twelve new WAGABOX® units were under construction. The average unit was three years old, and the company’s current contracts had an average remaining term of 11.6 years.

Mathieu Lefebvre, Waga Energy CEO, said,The year 2021 was exceptional for Waga Energy. Our international projects ramped up and we launched a successful IPO on Euronext Paris. We are now in an excellent position to hit our target of 100 WAGABOX® units in operation worldwide by the end of 2026. The units will produce around 4 TWh of Renewable Natural Gas, avoiding more than 700,000 tons of CO2 equivalent emissions.

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