Climate Change Data

ENERTIME

Climate Impact & Sustainability Data (2021-06, 2023)

Reporting Period: 2021-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Become a world leader in ORC technology for industrial energy efficiency applications within five years.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Pandemic-related delays (18 months) in ongoing projects and new orders.
  • Risk of projects not materializing due to disagreements with clients or lack of funding (ESCO model).
  • Pandemic impact on contractual obligations and negative short-term results.
  • Capital-intensive nature of the new energy service provider activity.
  • Industrial risk of plant closures affecting long-term ESCO contracts.
  • Market challenges outside France and Italy due to inconsistent implementation of EU energy-saving directives.
Mitigation Strategies
  • Adapted business model from equipment sales to system sales (energy-as-a-service).
  • Investment in the development of energy service offerings, particularly in France.
  • Secured a €10 million financing line with YA II PN Ltd to support ORC projects.
  • Exploring less dilutive financing solutions.
  • Developing expertise to assess industrial risks in ESCO projects.
  • Standardizing projects to improve equipment reusability.
  • Seeking third-party investors for projects exceeding €2 million and using leasing for smaller operations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • ORC modules for renewable electricity production
  • High-temperature heat pumps
  • Special turbomachines

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Decarbonation of the industrial sector
  • Renewable energy production
  • Energy efficiency

Environmental Achievements

  • Finalized installation and testing of a 1.2 MW ORC for SYCTOM's Saint-Ouen incinerator.
  • Finalized installation and testing of a 2.5 MW turbine for the TENORE project.
  • Advanced on the realization of projects Macadamia Gold (South Africa) and Kimtech (Bulgaria).
  • Advanced on innovation projects for Heat Pumps and ORC Decagone and Push2heat.

Social Achievements

  • Increased workforce by 30%
  • Secured European funding for innovation projects (Horizon Europe program)

Governance Achievements

  • Secured funding through capital increases and European grants.
  • Implemented an obligataire loan (OBSA 2023) and convertible bonds (ODIRNANE).

Climate Goals & Targets

Medium-term Goals:
  • Achieve positive operating income in 2025.
Short-term Goals:
  • Sign more than €12 million in orders directly through ENERTIME in 2024.

Environmental Challenges

  • Increased operating expenses due to increased activity, higher staffing costs, and inflation.
  • Uncertainty regarding the continuity of operations due to reliance on unsecured financing (pre-financing of CEE, European subsidies, and receivables from contracts).
Mitigation Strategies
  • Engaged in discussions with banks and financial intermediaries to secure additional financing.
  • Implemented capital increases and secured European grants.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products (ORC and Heat Pumps)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 13 (Climate Action)

ENERTIME's technologies contribute to these goals by promoting renewable energy, energy efficiency, and decarbonization.

Sustainable Products & Innovation

  • ORC machines
  • High-temperature heat pumps