Revenue is primarily generated from fabrication of renewable energy storage systems (72.4%), photovoltaic installations (27.2%), and hydrogen storage systems (0.4%). 96.5% of revenue is realized in France, with the company leveraging strategic partnerships (including JVs with major players like Eiffage and Primeo) to scale operations across larger projects and geographic markets.
Cyborg Score Rationale
2025 revenue of €76M with record order intake exceeding €200M demonstrates strong market traction and validated demand. The company benefits from macro tailwinds in renewable energy storage but faces execution risks as a smaller-cap company scaling operations.
Top Insights
2025 consolidated revenue €76M with record order intake >€200M provides exceptional forward visibility
Core competencies in battery storage systems (72% of revenue) position company to benefit from accelerating energy storage deployment across Europe
Recent partnerships include 60M€ credit facility and strategic JVs with Eiffage and TotalEnergies for hybrid storage and grid-scale projects
France-focused footprint (96.5% domestic revenue) provides growth runway as company scales internationally
Named Competitors
Energy Storage Systems — Large diversified conglomerates with storage/conversion solutions
Battery Storage Integration — Battery manufacturers with system integration capabilities
Renewable Project Development — Construction/energy firms with EPC capabilities
Recent Developments
(February 2026) 2025 full-year revenue €76M with record order intake exceeding €200M
(2025) Signed €60M credit facility to support high growth and announced partnership with Primeo for 100+ MW battery storage projects through 2029
(2025) Major contract wins including TotalEnergies hybrid storage system and 400 MWh BESS project with Eiffage
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