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ENGIE sees continued strong growth in renewables in the U.S.

HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) — ENGIE, a leader in the Net Zero energy transition, envisions continued strong customer demand for its renewables solutions in the U.S. and aims to grow its number of integrated projects substantially.

ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. According to the report, corporations publicly announced a record 46 gigawatts (GW) of solar and wind contracts in 2023, a 12% increase from 2022. The U.S. remained the largest market for PPAs with 17.3GW of deals announced.

“Our strong customer focus combined with our safe, expert project delivery is at the heart of our growth in the U.S.,” said David Carroll, chief renewables officer, senior VP, North America region for ENGIE. “Our reputation for consistently delivering projects that enable our customers to meet their public commitments with confidence is key. Customers value our track record of delivering projects on-time, on-spec and on-budget. We do this by leveraging our global scale and integrated model complemented by our energy expertise and local presence.”

ENGIE currently has 7 GW of solar, wind and battery storage projects in North America and that number is growing. Last year, it ranked among the top 10 clean power owners and number 4 in top developers of clean power capacity installed in the U.S., according to American Clean Power (ACP) 2023 Market Report.

The company views its pace of growth accelerating to support its customers as PPAs increasingly become the centerpiece of companies’ sustainability strategies. Its growth pipeline also ranked in the top 10 in the U.S. according to the ACP report, with an emphasis on co-locating energy storage with solar and wind projects with its acquisition of Broad Reach Power last year.

“Our success is attributed to our team of clean energy experts – our people. They are the driving force behind our achievements, impacting one customer and project at a time,” said Prathima Sundar, chief human resources officer and VP at ENGIE N.A. “We actively seek out and cultivate top talent within the industry, fostering a culture that values diversity and inclusion. This approach ensures that we deliver the highest quality sustainability solutions to our customers.”

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About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

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ENGIE announces $1bn Tax Equity Financing for more than 1.3 GW of U.S. Renewables Assets

Largest Financing to Date Supports Acceleration of Renewables and Continued Expansion for ENGIE in the U.S.

HOUSTON – ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas. The financing pertains to a portfolio of recently commissioned renewable projects in the U.S.
The overall portfolio consists of 6 projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity. The aggregate 1.3 GW of these renewable projects represents one of the largest Tax Equity financing arrangements for ENGIE North America so far.

“We are delighted that ENGIE is once again able to collaborate with some of the world’s leading financial institutions to accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally”.

ENGIE is a leader in the net zero energy transition and currently has more than 7 GW of renewable production in operation or construction across the U.S. and Canada.
“ENGIE can rely on its strong relationships with leading financial investors to support its continued acceleration of renewable growth in the U.S.,” said Audrey Robat, Chief Financial Officer, ENGIE North America. “This deal also highlights the outstanding level of commitment and expertise of our teams in delivering reliable and affordable renewable generation to the grid.”

Globally ENGIE has an aspiration to add 4 GW per year globally through 2025, with North America as a material contributor to that growth.

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About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 96,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and
ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.
Contacts:

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

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Cupertino Union School District Announces Solar and EV Charging Stations Districtwide in Collaboration with ENGIE

Cupertino, Calif. and HOUSTON – The Cupertino Union School District (CUSD), in collaboration with ENGIE North America (ENGIE), today announced a sustainability infrastructure project aimed at reducing the CUSD’s carbon footprint while enhancing educational opportunities for students. The project includes the installation of 5.1 megawatts of solar photovoltaic, 72 level two electric vehicle charging stations, and the implementation of two emergency generators for backup at the District Office and maintenance yard.

“The District’s 2019/2020 Facilities Master Plan identified energy efficiency as a priority. This project not only aligns with the CUSD’s commitment to sustainability but also creates valuable educational opportunities for our students,” said Senior Director of Communication, Erin Lindsey.

Beyond its resiliency, environmental, and financial benefits, the initiative integrates hands-on STEM learning opportunities throughout the District providing students with immersive experiences related to clean technology. These activities will also take place during the after-school Extended Learning Opportunities Program (ELO-P). Instructors will engage students by incorporating the sustainability infrastructure projects on the District’s campuses to enhance their understanding of sustainable energy concepts.
The comprehensive project, funded through a tax-exempt lease agreement and Federal Funding under the Inflation Reduction Act (IRA), is estimated to receive approximately $8.5 million in IRA funding. The anticipated net lifetime savings from the solar and EV charging infrastructure is more than $36 million dollars.

“This project strengthens the District’s commitment to sustainability, fiscal responsibility, and its goal of providing a conducive learning environment for all students and staff,” said Jean-François Chartrain, Managing Director, Energy Solutions Americas at ENGIE. “CUSD is taking significant strides toward reducing its carbon footprint but also paving the way for a brighter, more innovative future. ENGIE is proud to collaborate with Cupertino on this transformative journey.”

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About Cupertino Union School District
In 1917, the four original one-room school districts in Cupertino – San Antonio, Lincoln, Doyle, and Collins – consolidated into what is today the Cupertino Union School District (CUSD). More than a century later, CUSD now comprises of 17 elementary schools, one K-8 school, and five middle schools which serve families across six Bay Area cities including Cupertino and portions of Sunnyvale, San Jose, Saratoga, Los Altos, and Santa Clara.

Located in the heart of Silicon Valley, CUSD consistently ranks amongst the top performing elementary (TK-8th) school districts in California. The District employs approximately 1,390 Full Time Equivalent (FTE) staff and serves a highly diverse student population of approximately 13,500 that encompasses more than 20 nationalities and 45 languages.

The District’s Strategic Plan focuses on relevant and rigorous instruction, personalized learning, and a whole-child approach to preparing students for success. CUSD is proud of its outstanding academic programs, highly-qualified teachers, and strong parent support.

About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 96,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.


Contacts:

Cupertino Union School District
Erin Lindsey, Senior Director of Communication
Lindsey_erin@cusdk8.org
408-252-3000, ext. 61206

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

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ENGIE Announces Commissioning of its 100MW+ Sun Valley Utility Scale Battery Storage Project in U.S.

100MWh Project will Provide Services to Support Growing ERCOT Grid

HOUSTON – ENGIE North America (ENGIE) announced today that its Sun Valley Battery Storage project in Hill County Texas has been commissioned.

 The 100MW / 100MWh project is one of ENGIE’s largest utility scale storage facilities in the U.S. so far and is co-located with the company’s existing 250MW Sun Valley Solar project which commenced operation last year.

 “Sun Valley is our first 100MW+ co located energy storage project in the U.S. We have more than 2.0 GW of energy storage already under construction in Texas and other states expected to be commissioned by end of 2024. Together, these projects will contribute to ENGIE’s global aspiration of 10 GW of energy storage installed by 2030,” said Dave Carroll, chief renewables officer of ENGIE North America.

The Sun Valley Battery Storage project will provide reliability and ancillary services to meet ERCOT’s growing demand for electricity and is a key element in supporting the acceleration of the Net Zero energy transition.

 The storage system can dispatch electricity into the grid when needed, including the ability to meet peak hour electrical needs of some 10,000 average homes. The system can be charged both from the co-located solar facility as well as from the wider grid, when appropriate.

“ENGIE is already operating or constructing more than 7GW of renewable generation across North America and storage projects like Sun Valley provide complementary services to support greater penetration of renewables onto the grid,” said Carroll. “Co-located projects like this, alongside a leading portfolio of stand-alone facilities such as those recently acquired from Broad Reach Power mean ENGIE is able to support both the growing demand for renewables and enable greater reliability and resilience on the nation’s power grids.”

 The Sun Valley Storage project comprises 308 battery cabinets and involved more than 3,500 workdays to construct, including both local and regional skilled workers.

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About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 96,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

Contacts:

ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057

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Ventura Unified to Become 1st District on Central Coast to Utilize IRA Funding, Launching Clean Energy Program with ENGIE

Comprehensive energy program will leverage Federal funding to implement integrated solutions at all 27 school sites and capture an expected $106 million in net energy savings.

 

VENTURA, Calif. and HOUSTON – Ventura Unified School District (VUSD) recently approved a contract with ENGIE North America (ENGIE) for comprehensive solar, LED building lighting, customized sports facility LED lighting, and an integrated STEM internship and student engagement program. As the first K-12 school district along the Central Coast to leverage Inflation Reduction Act (IRA) funding, VUSD will also utilize bond funding to help pay for the project and expand its technical scope which will positively improve sustainability outcomes across the District.

Serving approximately 15,000 students across 27 school and campus facility sites, VUSD leadership and the supporting community have long prioritized the design of a financially-viable energy program to capture energy savings and align with local and state climate action goals. ENGIE worked with the District to lock in favorable Net Energy Metering 2.0 rates for the next 20 years. VUSD is also committed to delivering sustainable solutions across all school sites – many of which are located in economically underserved parts of the city.

This project is financially attractive for the District and will reduce its overall electricity costs by 70 percent over 30 years. This work will be done across schools with a Southern California-based team of ENGIE project engineers. The combined project scope will include:

• 4,708 kW solar PV scope across 25 sites and parking canopy solar structures;

• Interior/exterior LED lighting and occupancy sensor controls at nine sites;

• Sports Field LED lighting at Buena High School and Ventura High School, reusing existing lighting infrastructure poles to minimize extended construction impact on the fields; and

• Integrated STEM offerings aligned with real-time project data production, including professional development for teachers, hands-on engineering design learning for students, and six dedicated summer intern opportunities for local students.


The VUSD program is expected to save $133 million in energy costs over the lifetime of the project. The District should be eligible for $14 million in IRA federal funding dollars that will go directly to it after the project is completely constructed.

“As thoughtful stewards of our community’s resources, Ventura Unified has been interested in solar energy and high-efficiency LED lighting systems for many years. Unfortunately, making those changes was cost-prohibitive until recently,” stated Board President, Sabrena Rodriguez. “Thanks to the generosity of our community by passing Measure E, a general obligation bond to update our schools, we can now make these changes a reality. These changes are not only a positive step towards sustainability and resilience for the District, but they will also provide opportunities for our students and staff to learn about how green technologies can be good for the financial bottom line — creating a win-win for the community and our schools.”
“The IRA is a true gamechanger for our ENGIE customers – now that we are seeing local leaders like VUSD start to directly build out projects that leverage potential IRA funding, it is clear what a win-win this is for energy communities across the U.S.,” said Jean-Francois Chartrain, Managing Director, Energy Solutions Americas at ENGIE. “We are excited to help VUSD expedite their plan for long-term sustainability that will enhance and elevate the District’s financial and environmental impact through our range of comprehensive solutions.”


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About VUSD
The Ventura Unified School District (VUSD) is located in Southern California, in the coastal city of Ventura, approximately 70 miles north of Los Angeles. The District is made up of an early childhood education program, 26 elementary, middle, and high schools, with approximately 15,000 school-age students, an adult education center, 2,000 staff, and a wealth of parents and community members who all strive to help our children find their passion—academically and personally. For more information, visit www.venturausd.org.

About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 96,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.


Contacts:

VUSD
Marieanne Quiroz, Director of Communications / PIO
marieanne.quiroz@venturausd.org
805-641-5000

ENGIE North America
Michael Clingan, Press and External Relations
Michael.clingan@external.engie.com
832-745-6057

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GetBlok Farms© Enters Renewable Energy Agreement with ENGIE

ALIQUIPPA, Pa. and HOUSTON, Sept. 20, 2023 /PRNewswire/ — GetBlok Farms© has entered into a two-year renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE). This renewable energy purchase includes Renewable Energy Credits (RECs) from the Priddy Wind Project (Mills County, Texas). GetBlok Farms© will receive RECs to match the forecasted consumption for its hydroponics farm in West Aliquippa (PA).


The Green-e® certified RECs in this agreement are determined by the Center for Resource Solutions to be independently verified to represent the environmental benefits of one MWh of renewable energy. Over the term of this agreement, the RECs will equal 100% of GetBlok Farms© demand and avoid the equivalent CO2 emissions from 343,730 pounds of coal burned, or the greenhouse gas emissions avoided by 106 tons of waste recycled instead of landfilled.*

“Sustainability drives the core of our operations,” said Vinnie Lima, Managing Member at GetBlok Farms. “Our approach for hyper-local and highly sustainable farming methods must address the energy consumption in hydroponic farms. As a core piece of our sustainability commitment, we are delighted to leverage wind-generated Green-e® power from the Priddy Wind Project designed, developed and operated by ENGIE.”

The Priddy Wind Project is a 300 MW asset with 63 turbines that can produce electricity with wind speeds as low as 6.7 mph. The project is located 150 miles southwest of Dallas and commenced commercial operations in February 2022.

“Not only is this one of the first customer announcements for renewable energy from the Priddy Wind Project, it is one of the first hydroponic farms in our portfolio of customers,” said Taymur Bunkheila, director of sustainability solutions and energy+ initiatives at ENGIE Resources. “We are proud to bring the benefits of planet-friendly power to an operation with such a noble cause.” 

*According to EPA Greenhouse Gas Equivalencies Calculator.

About GetBlok Farms
GetBlok Farms utilizes Controlled Environment Agriculture (CEA), growing over 2.5 acres of fresh produce in only 320 square feet. Through a state-of-the-art CEA system, we are able to consume 97% less water than traditional farming, while utilizing no pesticides or herbicides. By “moving farms, not food”, we are able to achieve an astounding reduction of over 1500 miles in transportation, leading to a substantial decrease in CO2 emissions and waste. Located in Aliquippa, Beaver County, Pennsylvania, GetBlok Farms is deeply rooted in community involvement and economic development in disadvantaged food deserts. 

About the ENGIE Group
The ENGIE Group (made up of ENGIE S.A. and its subsidiaries and affiliates) is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. ENGIE S.A. (ENGI), is listed on the Paris and Brussels Stock Exchanges. In North America, ENGIE companies have delivered integrated, innovative energy solutions to public and private organizations for nearly half a century. We employ approximately 3,000 people focused on enabling our customers to become more sustainable and achieve their decarbonization targets through expert project delivery and competitive solutions. For more information on ENGIE in North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

SOURCE ENGIE Resources

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ENGIE to supply Microsoft Data Centers in Texas with 24×7 Renewable Energy Matching Program

ENGIE Energy Marketing (ENGIE) today announced an innovative agreement to provide renewable energy to cover the consumption of select Microsoft data centers in Texas. By utilizing existing renewable energy contracts between the two companies, this collaboration will accelerate Microsoft’s mission to transition to 100% carbon-free energy on an hourly basis by 2030.

This customized agreement will allow Microsoft, one of the world’s largest purchasers of renewable energy, to match ERCOT data center load with clean power. ENGIE, a leading developer and owner of renewable power capacity, will source the energy from their portfolio of wind, solar and battery projects in Texas.

Microsoft is recognized as a leader in the industry with the 100/100/0 goal which aims to have 100% of electricity consumption, 100% of the time, matched by carbon-free energy purchases by 2030. With this deal in Texas, ENGIE is providing direct support of Microsoft’s ambition to drive grid decarbonization.

ENGIE is well positioned to deliver on Microsoft’s ambition through its integrated approach – from building and operating renewable energy generation and storage assets to sourcing power through its global energy management activities.

“Microsoft continues to be a leader in the market for corporate renewable energy procurement and a key alliance for ENGIE in the Net Zero energy transition,” said Ken Robinson, ENGIE Energy Marketing N.A. President and CEO. ” We are proud to help them achieve their ambitions, where many other companies continue to struggle. Our goal is to grow our 24×7 hourly carbon-free matching program in key markets with electricity generated from zero carbon energy sources including wind and solar.”

“We are excited that this project has kicked off and will provide us meaningful insight into future hourly carbon free program design,” said Adrian Anderson, Microsoft General Manager, Renewables and Carbon Free Energy. “We look forward to working with ENGIE to meet our 100/100/0 goals.”

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BKV and ENGIE Collaborate to Introduce Carbon Sequestered Gas

BKV and ENGIE will collaborate on the sale and purchase of natural gas and associated Carbon Sequestered Credits, a new measured, third-party verified, carbon sequestered product. This innovative arrangement brings together two industry leaders dedicated to addressing climate change.  

BKV will deliver ENGIE physical natural gas, as well as an equivalent amount of gas tokens that represent the environmental attributes associated with both responsibly sourced gas (RSG) production and capturing carbon dioxide from the gas stream and injecting it into a permitted facility owned by BKV. The CO2 sequestration project underpinning this transaction is BKV’s Barnett Zero project, located in Bridgeport, Texas. The CO2 capture and sequestration will be third-party certified.  

We are proud to work with BKV in its development of innovative, differentiated gas products that are key to ensuring the role that natural gas can play as part of the energy transition. This transaction is representative of our commitment to reduce greenhouse gas emissions and to limit the environmental impact of its activities. Additionally, Carbon-Sequestered Gas represents an opportunity for end-users to purchase measured and verified differentiated natural gas that is certified and registered using blockchain technology. We believe this level of transparency and trust is critical for the energy transition.  

To see the full press release, go to >> https://bkv.com/news/bkv-engie-press-release-carbon-sequestered-gas

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#1 Global Developer Selling Corporate Clean Energy

ENGIE drives PPA innovation after being ranked as the top developer to sell corporate clean energy PPAs by BloombergNEF in their latest Market Outlook report. Since 2019, we have shown resilience and consistency by ranking in the top three for developers, and our success in 2023 is no exception. We signed 19 deals covering over 1GW in five different countries, bringing our total corporate PPA portfolio to 7.3GW. Our clients trust us to support them in their adoption of renewable energy and to help them meet their energy reliability, sustainability, and efficiency goals.

We are proud to lead in both wind and solar technology for MW sold through PPAs, and we look forward to continued success as an innovative provider of sustainable energy solutions. On a local note, we are proud that the majority of the deals in the report were contributed by North America, an important growing market for ENGIE.

Read the full BloombergNEF report.

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ENGIE accelerates in battery storage through the acquisition of Broad Reach Power in the United States

A major step towards ENGIE’s objective of reaching 10 GW of battery capacity within
the Group by 2030 to support the development of renewable energies

ENGIE announces it has signed a binding agreement for the acquisition of 100% of Broad Reach
Power, a company specialized in battery storage and based in Houston, from private equity funds
EnCap and Apollo.


The transaction involves 350MW of operating assets, as well as 880MW under construction
assets with a commissioning expected before the end of 2024, 1.7GW of advanced stage projects
and a significant pipeline of early stage projects. The projects are located in Texas, California and
the central states of the United States. Broad Reach Power skills, tools and teams are the perfect
fit, in and outside the United States, with ENGIE’s integrated model.


The acquisition will support the Group’s goal of having 10 GW of battery capacity globally by
2030. It will also strengthen ENGIE’s position as a leader in the energy transition in the United
States, where the group already has significant positions through its renewable assets (5GW in
operation at the end of 2022), battery storage and its energy management platform. The
development of these projects will respond to the strong need for flexibility generated by the
growth of the share of renewable energies in the energy mix and will increase ENGIE capacity to
provide 24/7 decarbonized electricity to his customers.


Completion of the transaction is expected by Q4 2023, subject to the fulfilment of certain
approvals from anti-trust and energy regulatory authorities.


For Catherine MacGregor, Chief Executive Officer of ENGIE: “This acquisition is fully in line
with ENGIE’s strategy: it will contribute to the development of a low-carbon, affordable and
resilient energy system where flexible assets will play a critical role alongside renewables.”


About ENGIE
ENGIE is a leading global group in low-carbon energy and services. With its 96,000 employees, its
customers, its partners and its stakeholders, the Group is committed every day to accelerating the transition
to a carbon-neutral world, thanks to more energy-efficient and more environmentally-friendly solutions.
Guided by its purpose, ENGIE reconciles economic performance and positive impact on people and the
planet by relying on its key businesses (gas, renewable energies, services) to offer competitive solutions to
its customers.

Turnover in 2022: 93.9 billion euros. Listed in Paris and Brussels (ENGI), the Group is represented in the
main financial (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and extra-financial (DJSI World,
Euronext Vigeo Eiris – Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal
Select, Stoxx Europe 600 ESG-X) indices.

 

ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com
ENGIEpress

 

Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com

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