REG - Tech. New Energy - Acquisition of CleverSearch Lda

Technologies New EnergyAnnouncement

03/02/2026 07:00

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RNS Number : 3944R  Technologies New Energy PLC  03 February 2026

03 February 2026

 

Technologies New Energy plc

("TNE" or the "Company")

 

Acquisition of CleverSearch Lda to Support Azores Biorefinery Development

Technologies 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").

CleverSearch and Azores Biorefinery Development

CleverSearch 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.

The 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.

Biorefinery Project Pipeline

 

The 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.

Transaction Terms

The 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.

 

Strategic Rationale

The acquisition provides TNE with an established local presence in the Azores,
access to regional expertise and a dedicated project vehicle to advance the
Terceira biorefinery. The use of a locally incorporated entity is expected to
reduce development and execution risk and support efficient engagement with
regional stakeholders.

In parallel, TNE continues to develop a broader pipeline of energy transition
projects in the Azores, including two solar renewable energy community
initiatives in Terceira and two biomethane projects in Terceira and São
Miguel. Together, these initiatives support TNE's long-term strategy of
developing integrated, low-carbon energy infrastructure in the region.

Across its Portuguese SAF portfolio, TNE is focused on developing projects
capable of supporting the aviation sector's decarbonisation objectives, while
strengthening the Company's ability to secure long-term feedstock and offtake
arrangements to underpin future project development.

Commenting on today's announcement, Julio Perez, Chief Executive Officer of
Technologies New Energy plc, said:

 

"The acquisition of CleverSearch is an important step in accelerating our
biorefinery development activities in the Azores. The Terceira project is a
cornerstone of our wider SAF portfolio in Portugal and CleverSearch provides
us with strong local capability to progress development efficiently and in
line with our broader sustainable fuels strategy."

 

- Ends -

 

Enquiries:

 Technologies New Energy plc                    info@tneplc.com
 Julio Perez
+351 915 126 782
 Burson Buchanan                                +44 (0)20 7466 5000

 Chris Lane, Simon Compton, Abigail Gilchrist   TNE@buchanancomms.co.uk

 

 

Notes to Editors:

About TNE

Technologies New Energy plc operates within the renewable energy sector, with
a core focus on energy transition, digital transformation, biofuels, green
chemicals and the broader bioeconomy.

TNE is positioned as a global provider of advanced solutions and energy
projects that accelerate the energy transition and support decarbonisation
objectives. The business operates through three key units:

·      Consulting - Advising third-party clients on the design and
regulatory pathways for renewable energy projects.

·      Contracting - Delivering construction, installation, and
maintenance services for third-party renewable energy infrastructure.

·      Portfolio Management - Developing and managing TNE's proprietary
portfolio of projects, including its in-house hybrid biorefinery technology,
from concept through to ready-to-build (RTB) stage.

TNE website: https://www.tneplc.com/ (https://www.tneplc.com/)

 

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