Haffner Energy Secures €30 Million Deal for 12 SYNOCA® C-iC Units

Vitry-le-François, France – September 1, 2026 – Haffner Energy has announced that California-based project developer OroCarbo has reserved 12 SYNOCA® C-iC units under the company’s CORE100 program. This reservation is expected to generate up to €30 million in potential revenue for Haffner Energy, marking a significant milestone in the partnership between the two companies.

The units, representing 12% of the CORE100 program, are intended for renewable hydrogen and power projects in the Western United States, specifically in California, Oregon, and Washington State. These projects will convert locally available residual biomass into renewable syngas, primarily for renewable hydrogen for mobility and local power generation, addressing areas with constrained grid capacity or reliability.

Marcella Franchi, Chief Commercial Officer and Head of SAF at Haffner Energy, stated, "This reservation for 12 C-iC units marks a new step in our partnership with OroCarbo: the roll-out of CORE100 across the Western United States. Our vision is to produce energy close to both resources and demand, transforming local biomass into renewable hydrogen and power. Local, resilient energy that can be replicated at scale is the ambition of CORE100."

The collaboration between Haffner Energy and OroCarbo began in 2025 with a 100 tonnes/day biomethanol project in California. While the biomethanol project has been put on hold pending sufficient long-term methanol offtake commitments, the work done together has paved the way for a broader partnership. OroCarbo has now broadened its development strategy to include a portfolio of renewable energy projects addressing different local energy needs.

Brian Wong, Founder and Managing Member of OroCarbo, explained, "Our ambition is to develop local renewable energy hubs that turn abundant residual biomass into clean energy where it is needed. We see significant opportunities both for renewable hydrogen in mobility and for local power generation in areas where grid capacity or reliability is a constraint. Reserving 12 SYNOCA® C-iC units is an important step towards building that network with Haffner Energy."

Each SYNOCA® C-iC unit is designed to convert residual biomass into renewable syngas using Haffner Energy’s proprietary thermolysis technology. The units can be combined according to the capacity required by each project, and their standardized design supports replication across multiple sites. OroCarbo’s projects will use locally available residual biomass, including forestry and agricultural residues, to contribute to forest management in areas exposed to wildfire risk.

OroCarbo’s reservation covers 12 SYNOCA® C-iC units, with a total reservation fee of €100,000. Based on the current contractual price of €2.5 million per unit, the twelve units represent up to €30 million in potential future revenue for Haffner Energy.

The CORE100 program continues to progress, with Haffner Energy not yet planning to communicate individually on each reservation. However, the company will provide a comprehensive update on the program shortly.

Haffner Energy designs and supplies innovative solutions for the production of competitive renewable fuels from biomass, leveraging over 33 years of experience with all types of biomass. Its proprietary technologies enable the production of renewable gas, hydrogen, renewable methanol, power, and Sustainable Aviation Fuel (SAF). Haffner Energy also supports its clients in developing industrial projects to accelerate the decarbonization of the energy, industrial, and transport sectors. The company is listed on Euronext Growth (ISIN code: FR0014007ND6 – Ticker symbol: ALHAF).

OroCarbo is involved in research and development of technologies and business ventures relating to biofuels, biochar, graphite, and graphene, among others. More information is available at orocarbo.com.