Enogia signs a contract with Naphtachimie for at least 10 years to produce electricity
The Marseille-based specialist in ORC modules announced on October 19, 2026 the launch of its first industrial project for its "Green Shield Power Solutions" offering, on the Lavéra site near Marseille. This project meets the objective set for 2026 as part of the Turbo 2028 plan and deploys in industry a model in which Enogia not only sells equipment, but also generates revenue as an electricity producer.
Waste heat from Lavéra converted into electricity consumed on-site
The contract, described as a long-term contract, binds Enogia to Naphtachimie, a subsidiary of the Ineos group, for its Lavéra site. The industrial process of the plant continuously produces heat that the site cannot fully utilize, and part of which is currently being lost.
Enogia's ORC modules, designed and manufactured in Marseille (a few dozen kilometers from the site), will capture this heat to convert it into decarbonized electricity, consumed directly by the plant. According to the company, the signature concludes more than two years of joint work between the two neighboring industrial players.
A minimum duration of 10 years, supported by a subsidiary jointly held with ADEME
The contract is signed for a minimum period of 10 years. It is managed by Enogia Assets Industry, a subsidiary of Enogia held jointly with ADEME Investment.
The commissioning will take place following the study, manufacturing and integration phases, according to a timeline to be finalized with the customer. In this scheme, Enogia finances, installs and operates the modules on the customer's site; the industrial company incurs no investment expenditure and purchases the electricity produced over time at a price presented by Enogia as competitive compared to grid rates.
Recurring revenue to complement equipment sales
Enogia indicates that this model durably complements its equipment sales with recurring revenue as an energy producer. The company specifies that it meets the profitability criteria it has set with its financial partners, and that it is designed to be replicated on other energy-intensive industrial sites, in France as well as internationally.
Arthur Leroux, President and Chief Executive Officer of Enogia, emphasized that the offering proves competitive under conditions deemed demanding: in France, where electricity is relatively less expensive than in neighboring European countries, and in heavy industry, which already pays for it at a comparatively low price. Alexandra Loewenstein, Chief Executive Officer of Naphtachimie, indicated that the project aims to improve the site's energy efficiency by capitalizing on energy currently being wasted.
Enogia's next financial appointment is scheduled for February 11, 2027, after the close of trading, with the publication of annual revenue for 2026.
