(News Bulletin 247) – This Brest-based company, which designs a solution aimed at improving the performance of solar installations using artificial intelligence, has made its stock market debut on Euronext Access +.

A new company has just taken its first steps on the Paris Stock Exchange. It is Imeon Energy, which entered via direct listing on the Euronext Access+ Paris market, one of the compartments of the Paris Stock Exchange requiring the fewest constraints for small and medium-sized companies wishing to try out the financial markets.

The opening of negotiations has been effective since this Friday, when 2,124,923 shares were admitted to listing at a unit price of 5.45 euros. The market capitalization at the time of the IPO reached 11.6 million euros. This admission follows the completion of a private placement with six investors for a total amount of 1.6 million euros, explains the company.

“It is a great success after months of work and audits. We have overcome many obstacles and the process could have stopped many times. There have also been many crises and an unfavorable context with the dissolution of the National Assembly, for example,” its president Christophe Goasguen told Le Télégramme.

Founded in 2013, 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 can transform a continuous energy source into an alternating current. Thanks to lithium batteries, Imeon Energy inverters can both produce energy and store it. Everything is equipped with powerful connected computers that are able to analyze in real time several thousand data (concerning batteries, photovoltaic solar, network status, frequency, voltage, consumption, power drawn, etc.) thanks to artificial intelligence.

The artificial intelligence embedded in Imeon Energy inverters allows, according to the company, to double the lifespan of batteries as well as to reduce “up to 30% the price of the kWh of solar electricity generated”, making its device “competitive with that of the network”. The company indicates that its system dedicated to solar self-consumption has already attracted more than 6,000 users worldwide. The company achieved a turnover of 3.7 million euros last year.

Acclimatization to financial markets

In September 2023, the Breton company had announced its intention to go public, but planned to launch on Euronext Growth, a higher stock market tier. It was finally on Euronext Access+ that Imeon Energy wanted to open the page of its history with the Paris Stock Exchange.

Imeon Energy is counting on the stock market to provide the funds needed to maintain its technological lead in a rapidly expanding market. “The listing is a natural part of our development strategy and aims to accelerate our international deployment and strengthen our technological lead through R&D investments to meet growing demand,” explained Christophe Goasguen on Good Evening Business on Thursday evening.

The company has not, however, abandoned the idea of ​​joining Euronext Growth. This listing on Euronext Access+ is seen as a step towards acclimatization to the financial markets before a potential transfer to Euronext Growth, the flagship compartment for small and medium-sized enterprises.