Firefly & Wizz Air take home win at first ever SAF Investor Awards

Firefly Green Fuels are thrilled to be part of the ‘Strategic Investment of the Year – Europe’ award won by Wizz Air at this year’s SAF Investor Conference in London.  

Firefly and Wizz Air have been recognised for the significant investment package they brokered together last year. 

The package, which contained a £5 million equity investment, also contained an offtake agreement for up to 525,000 tonnes of SAF over 15 years.  

This substantial offtake deal was crucial to supporting Firefly’s development and will allow Wizz Air to supply SAF to its UK operations from 2029.  

The supplied SAF will also carry the potential to save as much as 1.5 million tonnes of CO2-eq.  

Coincidentally, this award comes as the company currently seeks to secure a further £30 million investment through Series B funding. 

This next round of funding will finance the development of Firefly’s demonstration facility – an important step towards planned commercialisation of their innovative SAF pathway.  

Firefly CEO James Hygate said “We’re absolutely thrilled to see Wizz Air receive this award today. Wizz have been fantastic partners and we’re excited that we get to work with a company that are completely aligned with our decarbonization goals.”