Acquisition of Diverfuel S.A.

28 August 2025

Technologies New Energy plc ("TNE" or the "Company")

Acquisition of Diverfuel S.A.

Acquisition strengthens TNE's ability to secure long-term feedstock and offtake agreements, underpinning the commercial rollout of its biorefinery projects

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 it has acquired Diverfuel S.A. ("Diverfuel"), the developer of the Diverfuel Platform.

Diverfuel

The Diverfuel Platform is a scalable SaaS/PaaS middleware solution that provides the digital backbone for real-time sensing, control, analytics, and lifecycle management in the production of clean fuels and green chemicals.

The Diverfuel Platform enables advanced integration of IoT and AI technologies to optimise biorefinery and e-refinery operations and enhance sustainability performance. The acquisition directly complements TNE's existing biorefinery development pipeline, transforming projects into smart, data-driven assets that can deliver higher efficiency and stronger ESG credentials.

Transaction Terms

The business was transferred to TNE pursuant to a share transfer agreement ("STA"). No consideration is payable on completion of the transfer. In exchange, TNE will take responsibility for the further development of the Diverfuel Platform, advancing it through commercialisation and rolling it out across the Company's own projects as well as to its clients and partners.

Strategic Rationale

By embedding the Diverfuel Platform across its projects, TNE will provide feedstock producers with enhanced supply chain transparency, while offering offtakers verifiable data on carbon intensity, traceability and ESG compliance. This advanced capability is increasingly critical under tightening global regulations and gives offtakers confidence in securing long-term supply agreements while reducing their own reporting and compliance risks.

This acquisition strengthens TNE's ability to secure long-term feedstock and offtake agreements, underpinning the commercial rollout of its biorefinery projects and creating a fully integrated clean energy ecosystem.

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

"The acquisition of Diverfuel is an important technical step forward for TNE. By combining this advanced digital platform with our biorefinery pipeline, we can turn our projects into smart, data-driven assets. This not only improves efficiency but also provides the verifiable ESG and carbon data that offtakers are increasingly demanding. -This strengthens our ability to secure long-term feedstock and offtake agreements, while positioning TNE at the forefront of the energy transition."

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About TNE

Technologies New Energy plc operates within the renewable energy sector, with a core focus on energy transition, 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 supports 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/

About Diverfuel

Diverfuel S.A. is the developer of the Diverfuel Platform, a scalable SaaS/PaaS middleware technology that provides the backbone for real-time sensing, control, spatial analytics, data integration, and lifecycle management across the clean fuels and green chemicals value chain. The platform enables software-based flexible control and supervisory functions, while its service-oriented architecture simplifies integration with third-party applications and end-user devices.

The Diverfuel Platform focuses on two key growth areas:

· Smart Industrial Developments and Sustainable Infrastructure - providing scalable digital systems to support industrial and rural developments, regeneration projects, and emerging clean energy ecosystems.

· IoT and AI Integration - connecting sensors, actuators and devices across feedstock production, biorefinery operations and logistics with advanced analytics that detect patterns, predict outcomes and optimise performance in real time.

By providing a unified and shared platform for applications, sensors and data, Diverfuel delivers deeper insights, predictive optimisation with lower infrastructure costs. Delivered in cloud or hybrid contexts, it combines the scalability of SaaS/PaaS models with the flexibility of integration services, enabling feedstock producers, biorefineries and offtakers to benefit from improved efficiency and verifiable ESG performance, helping to build the next generation of sustainable fuel systems.

Diverfuel website: https://www.diverfuel.com/