The transition to renewable energy production involves using a bouquet of different technologies depending on local conditions. We can no longer look for the ‘single’ solution but see opportunities in a diversity of technologies. Zazz Energy’s first project was electricity production from bio-oil in Greece, linked to a 20-year supply contract with the state energy company Hedno.

Bio-oil is a renewable oil produced from raw materials and waste products. I Zazz Energy’s facilities are used bio-oil in an internal combustion engine connected to a generator that produces electricity. The heat produced in The process can also be used to produce hot water. The company’s installations for electricity production with bio-oil produces a smaller carbon footprint than equivalent fossil fuel electricity generation plants. ​​

The raw materials of the process will be different types of recycled vegetable oils such as cooking and frying oil, animal fats and slaughterhouse waste. The availability of bio-oil feedstock in the region where the Zazz Energy’s operations are characterized as very good and with generally low acquisition costs.

Zazz Energy’s business model in Greece is based on selling electricity and heat from its own power generation facilities. Zazz Energy also sells turnkey facilities including installation, training, service and construction. The facilities in Greece can be part-financed by government grants and loans, facilitating the establishment and start-up of the business. The company’s licenses to supply electricity to the city network can ensure a continuous operation with a stable cash flow.

The revenue model in Greece consists of.

• Sale of renewable electricity and heat produced in bio-oil powered power generation plants owned by the company.
• Sale of turnkey power generation facilities for electricity production with bio-oil.
• Revenue from service contracts in the Company’s area of operation.