Launch of Covenant Platform

Technologies New Energy plc (LSE: TNE), an energy-transition engineering and technology company focused on power infrastructure for AI data centres and renewable fuels and power generation, is pleased to announce that its subsidiary, Diverfuel S.A. ("Diverfuel"), has launched Covenant, a business-to-business compliance, traceability and trading platform for the sustainable fuels supply chain.

Covenant addresses the evidence requirements facing producers of sustainable fuels under European regulatory frameworks including RED III, ReFuelEU Aviation and FuelEU Maritime. The platform records feedstock origin and chain of custody and calculates a per-lot carbon-intensity measure, the IC Score, using a methodology aligned to the calculation requirements set out in RED III.

That verified data underpins the platform's marketplace, through which producers and suppliers can list verified green commodities and buyers can compare and purchase them on a consistent carbon-intensity basis.

More than 25 companies have contracted to participate in the platform at launch, representing both producers and off-takers across the sustainable fuels supply chain.

Covenant is available to producers, traders and off-takers with immediate effect.

CEO Comment

Julio Perez, Chief Executive Officer of Technologies New Energy plc, commented:

"We are extremely proud of the work undertaken by the Diverfuel team in developing and launching Covenant. This is an important achievement for both TNE and the wider sustainable fuels market.

Covenant brings traceability, verification and carbon-intensity data together in one platform. This trusted information powers a marketplace where producers and buyers can now trade with confidence.

Launching with more than 25 companies already contracted demonstrates its commercial potential. We believe Covenant can become an important part of the sustainable fuels market and a valuable addition to TNE's business."

About Covenant

Covenant is a business-to-business digital platform developed by Diverfuel S.A., a subsidiary of Technologies New Energy plc. The platform provides sustainability compliance, supply-chain traceability and marketplace services for the sustainable fuels sector. By combining feedstock verification, carbon-intensity assessment and commodity trading capabilities, Covenant enables producers, suppliers and off-takers to transact sustainable fuels and related commodities with greater transparency and confidence.