(News Bulletin 247) – This Brest-based company, which designs a solution to improve the performance of solar installations using artificial intelligence, plans to go public on Euronext Growth where it hopes to raise 8 million euros.

Imeon Energy intends to give a boost to a sluggish IPO market. The last operation in this area dates back to last July with the arrival of Vinpai on Euronext Growth.

The company Imeon Energy, founded just ten years ago in Brest, intends to join the specialist in natural ingredients for the food and cosmetics industry – also from Brittany – on the compartment dedicated to small and medium-sized enterprises, with a fundraising of 8 million euros.

Imeon Energy presents itself as the world leader in solar hybrid inverters integrating artificial intelligence. The SME has set up an electronic system to make a home autonomous through the intelligent use of a solar installation coupled with batteries.

A solution based on artificial intelligence

Imeon Energy has thus developed a range of hybrid solar inverters called Imeon. An inverter is a device that transforms a direct energy source into an alternating current. Thanks to lithium batteries, Imeon Energy’s inverters can both produce energy and store it. Everything is equipped with powerful connected computers that are able to analyze thousands of data in real time (concerning batteries, solar photovoltaic, network status, frequency, voltage, consumption, power drawn, etc.). ) using artificial intelligence.

The artificial intelligence embedded in the inverters of Imeon Energy makes it possible, according to the company, to double the life of the batteries as well as to lower “up to 30% the price of the kWh of solar electricity generated”, making it possible to make its device “competitive with that of the network”. The company indicates that its system dedicated to solar self-consumption has already won over more than 6,000 users worldwide.

A size multiplied by more than 20 in 2028

The company does not intend to stop there, given the prospects of this booming market. According to a report by the International Renewable Energy Agency quoted by Imeon Energy, energy storage capacities are set to increase 17 times by 2030.

The IPO will therefore allow the group to expand its product range and thus reach a larger share of end users, both in residential, industrial and commercial applications.

In addition to expanding its product range, Imeon Energy intends to conquer new territories internationally. Over the next five years, the Brest-based company plans to develop its business in Switzerland, Germany, Italy, Spain and the United States with the opening of local technical centers. They will be dedicated to managing customer support and after-sales service to be closer to its users.

In its staggered 2022/2023 financial year (ending at the end of March), Imeon Energy achieved a turnover of 4 million euros and a net profit of 640,000 euros. The company’s next initiatives, both in terms of its geographical expansion and product innovation, will enable it, according to its forecasts, to reach a turnover of 82 million euros by 2028 and a net profit of more than 13 million euros. In other words, Imeon Energy intends to multiply its size by more than 20 over the next 5 years…