Waga Energy, a provider of landfill conversion technology, has announced it will move early next year to an 8,000 square meter (80,000 square foot) building in Eybens, near Grenoble, France.
“Waga Energy’s ambition is to position the site as an international center for excellence in cryogenic technology and the production of renewable natural gas (RNG) and other renewable gases," the company says of the new location.
The company says it will move into the three-story building in in February 2023 after completing its purchase last month.
Waga Energy says its employee headcount has grown by 75 since its October 2021 initial public offering (IPO). Around 60 of the new hires are in the Grenoble area, where the company is headquartered. Waga Energy now employs 150 people worldwide, with around 120 in France. Since 2020, it has been headquartered in a 900 square meter (9,000 square feet) building that also is near Grenoble.
“The new building will provide us with much needed space to move toward our target of building 100 RNG production units worldwide by 2026 to put a significant dent in global greenhouse gas emissions,” says Nicolas Paget, chief operating officer of Waga Energy.
The company plans to use more than half of the new building, which was formerly occupied by Hewlett-Packard, as office space (including subleasing a portion). It will use the remainder as warehouse space for its spare parts inventory. The new building sits on a parcel of land that offers room to temporarily store large equipment before it is transported to landfills for installation.
“The project (purchase price plus renovation costs) represents an investment of €10 million ($10.45 million),” the company says. Waga Energy is working with French banks BNP Paribas, Banque Populaire Auvergne Rhône Alpes, Crédit Agricole Sud Rhône Alpes and Caisse d'Épargne Rhône-Alpes for financing.
Founded in 2015, Waga Energy, which has North American offices in Pennsylvania and Quebec, Canada, is a developer of gas purification technology that upgrades landfill gas into renewable natural gas. The company has commissioned 14 of these Wagabox landfill gas upgrading units in France, with 15 more under construction in France, Spain, Canada and the United States.