Finance
Swiss renewable energy company ThomasLloyd eyes US public listing
Published by Global Banking & Finance Review®
Posted on February 27, 2026
1 min readLast updated: February 27, 2026
Quick Summary
ThomasLloyd Climate Solutions plans to list on Nasdaq via a merger with SPAC Roman DBDR, targeting completion in H2 2026 and implying a pro-forma valuation of about $1.5bn. The deal taps investor appetite for power and grid-linked renewables as AI-driven data-center electricity demand is projected t
ThomasLloyd targets Nasdaq listing via SPAC merger in 2026
Nasdaq listing plans and deal details
Company announcement
ZURICH, Feb 27 (Reuters) - Swiss renewable energy company ThomasLloyd Climate Solutions plans to go public in the United States and has agreed a merger with an acquisition vehicle, or SPAC, already listed there, it said on Friday.
Timeline and valuation
A Nasdaq listing is planned following the completion of the merger with Roman DBDR in the second half of 2026. The future company could have a total valuation of $1.5 billion, a statement said.
Market drivers
Energy demand of data centres for artificial intelligence is seen as a growth driver.
CEO perspective
"We're witnessing a fundamental transformation in how the world thinks about energy infrastructure and resources - what started as climate concerns has evolved into an urgent economic and national security imperative, particularly as AI and data centers reshape energy demand patterns," said Michael Sieg, founder and CEO of ThomasLloyd.
Credits
(Reporting by Oliver Hirt and Matthias Williams, editing by Thomas Seythal)
Key Takeaways
- •Deal structure: ThomasLloyd is pursuing a US public listing through a SPAC combination with Roman DBDR, with closing targeted for the second half of 2026 and a stated potential valuation of ~$1.5bn.
- •Macro tailwind: The IEA forecasts global data-centre electricity consumption rising from ~415 TWh in 2024 to ~945 TWh by 2030, with AI a primary driver and the US a major contributor to incremental demand. (iea.org)
- •Why it matters for renewables: Rising data-centre load is reshaping power-market investment priorities—supporting demand for new generation and grid infrastructure—while also highlighting constraints that could bottleneck AI expansion if power supply and transmission don’t keep up. (ft.com)
References
Frequently Asked Questions about Swiss renewable energy company ThomasLloyd eyes US public listing
1Which company does ThomasLloyd plan to merge with for its US listing?
ThomasLloyd Climate Solutions has agreed a merger with Roman DBDR, a SPAC already listed in the United States.
2Where is ThomasLloyd planning to list after the merger?
The company plans a Nasdaq listing following completion of the merger.
3When is the Nasdaq listing expected to occur?
The listing is planned after the merger is completed in the second half of 2026.
4What valuation is cited for the future combined company?
The statement said the future company could have a total valuation of $1.5 billion.
5What growth driver does ThomasLloyd cite for energy demand?
The article says energy demand from data centres for artificial intelligence is seen as a growth driver.
