Business
Acquisition of CleverSearch Lda
Technologies New Energy plc has acquired a 90% interest in CleverSearch Lda, a local project development company in the Azores, to support the development of its proposed biomass-to-liquids biorefinery project in Terceira. This project is designed to process approximately 60,000 metric tonnes of biomass annually, aiming to produce up to 6,000 metric tonnes of Sustainable Aviation Fuel and 5,000 metric tonnes of biochar. The acquisition provides TNE with a crucial local presence and expertise to advance this project, which is part of a broader portfolio of four SAF-focused biorefinery projects across Portugal. The company also continues to develop other energy transition initiatives in the Azores, including solar and biomethane projects, aligning with its strategy for integrated, low-carbon energy infrastructure. Disclaimer*
About this update from Technologies New Energies Plc
[{"type":"text","content":"\n\n03 February 2026\n\n \nTechnologies New Energy plc\n(\"TNE\" or the \"Company\")\n \nAcquisition of CleverSearch Lda to Support Azores Biorefinery Development\n\nTechnologies New Energy plc (LSE: TNE), the energy transition company focused on developing clean energy projects to drive industrial decarbonisation for clients with international operations, announces that its wholly-owned subsidiary, Technologies New Energy, S.A. (\"TNE S.A.\") has acquired a 90% interest in CleverSearch Lda (\"CleverSearch\"), a local project development company incorporated in the Azores (the \"Acquisition\").\n\nCleverSearch and Azores Biorefinery Development\n\nCleverSearch has been acquired to support the development of TNE's proposed biomass-to-liquids (\"BtL\") biorefinery project in Terceira, Azores (the \"Project\"). The Project is currently being developed to process approximately 60,000 metric tonnes (\"MT\") per annum of sustainable biomass feedstock and is expected, subject to final engineering, permitting and financing, to produce up to approximately 6,000 MT per annum (equivalent to circa 45,000 barrels per annum) of Sustainable Aviation Fuel (\"SAF\"), together with approximately 5,000 MT per annum of biochar.\n\nThe project is intended to utilise regionally sourced sustainable biomass derived from agricultural residues and forestry clearing residues, rather than biomass produced from dedicated energy crops. The biorefinery is being designed as a modular and scalable facility, aligned with feedstock availability and the securing of offtake arrangements.\n\nBiorefinery Project Pipeline\n \nThe project forms part of a portfolio of four SAF focused biorefinery projects currently under development by TNE across Portugal, comprising one project in the Azores and three projects on the Portuguese mainland. Each project is being developed using scalable, modular and proven technology pathways, with the intention of enabling replication efficiencies and consistent project execution across the portfolio.\n\nTransaction Terms\n\nThe acquisition was finalised by way of a capital increase in CleverSearch, following which TNE holds a 90% ownership interest. The commercial terms of the transaction are confidential between the parties and are not considered material for disclosure.\n \nStrategic Rationale\n\nThe acquisition pr...