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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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ENGIE collaborates with Microsoft and Solstice to accelerate access to community solar for under-resourced communities in Illinois

Projects will support lower cost energy for households, organizations and businesses often unable to participate in the benefits of the energy transition.


HOUSTON – ENGIE North America (ENGIE) is collaborating with Microsoft on the development of two community solar projects in Illinois that will serve historically excluded communities and significantly reduce electricity costs for them.

ENGIE will develop, construct, and operate two new community solar gardens, one in Lena, IL west of Rockford, and a second in downstate Illinois. Together, the projects are expected to have a capacity of 4.75 MW, enough to meet the annual electricity needs of more than 1,000 average Illinois households with clean, carbon emissions-free power.

ENGIE and Microsoft will work with leading community solar provider, Solstice, who engages directly with residents, businesses, and community organizations to enroll and manage community solar customers with local community gardens like the ones in Lena and downstate Illinois. Community solar enables households, small businesses and other organizations to benefit from renewable electricity without the need to install their own panels by effectively sharing local, centralized installations. Solstice’s partnership and community organizing model help provide access to renewables for the estimated 77% of Americans who do not have access to roof space or the financial means to install rooftop systems and expands access to traditionally excluded populations.

Traditional approaches to financing have limited the ability of many to install roof-top solar. Solstice has pioneered EnergyScore, a machine learning algorithm to qualify individuals more inclusively and accurately for green products. The focus for these two solar gardens will be on providing access to renewable power to traditionally under-resourced communities, not-for-profit organizations, and other economically disadvantaged groups.

Customers who subscribe to the solar garden program will not only be supporting the transition to a lower carbon future but will also benefit from reduced electricity costs. Because of Microsoft’s involvement in financing the development, customers subscribed to these two solar gardens can expect to see even greater savings than from the current Illinois Shines community solar program. Once fully subscribed, the two solar gardens could save Illinois subscribers around $450,000 in total, with some subscribers benefiting from up to 60% savings through participation.

“At a time when energy costs are rising and are a particular burden on lower income communities, the opportunity to access clean, renewable, locally produced power and reduce daily costs is an important part of accelerating the energy transition in a just way – widening the population who can benefit as we all work to decarbonize our economy” said Laura Caspari, Senior Vice President Power Marketing and Commercial Strategy, ENGIE North America. “This innovative collaboration with Microsoft to help grow access to lower cost renewables for residents and organizations across Illinois reflects our shared desire to widen the positive impact of the energy transition to an increasingly diverse set of communities.”

“As we at Microsoft work toward a more sustainable and equitable future, we are pleased to collaborate with ENGIE and Solstice to help facilitate access to lower cost community solar for communities who have previously been excluded from these opportunities,” shared Danielle Decatur, Microsoft Director of Environmental Justice.

In Illinois, community solar projects were enabled through the 2016 Future Energy Jobs Act (FEJA) and subsequent 2021 Climate and Equitable Jobs Act (CEJA). Power from the solar gardens is fed into the local grid and credited to customers through their existing utility bills with ComEd and Ameren. This new project model provides renewable volume above-and-beyond existing state programs. ENGIE is hopeful that in the future similar projects will bring economic benefit to under-resourced communities in Illinois while accelerating the state’s energy transition goals.

Construction of the two projects both in rural counties, will be led by ENGIE’s Chicago based team and is expected to commence later this year.

###

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.

About Solstice

Solstice is dedicated to bringing affordable solar power to the 77% of Americans who cannot install a rooftop system. It connects residents and community organizations to nearby shared solar farms, creates financing innovations that expand access to underserved Americans (the EnergyScore), and provides frictionless subscriber management software for community solar projects. Solstice has partnered with municipalities, employers, and nonprofits across the country and won awards from the Department of Energy, Inc. Magazine, and Elle. Together with its partners, Solstice is building an equitable energy future for every American.

Media Contacts:
ENGIE North America: Michael Clingan, michael.clingan@external.engie.com
Solstice: mary@solstice.us

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ENGIE H1 2023 Results

Business Highlights

  • Fundamental de-risking of nuclear exposure through agreement on all waste liabilities and extension of Doel 4 and Tihange 3
  • Expected acceleration in Renewables with 6.6 GW under construction at the end of June
  • Reinforcement of ENGIE’s renewables platform in South Africa following the acquisition of BTE Renewables and full consolidation of Kathu
  • Commissioning of ENGIE’s largest battery energy storage system Hazelwood in Australia
  • Awarded a 30-year concession of 1,000 km of power lines in Brazil
  • 100% renewable power generation in Brazil after Pampa Sul coal plant disposal

Financial Performance

  • EBIT of €6.7bn excluding Nuclear, up 53% organically, driven mainly by GEMS and Renewables
  • Strong growth in CFFO1 driven by EBITDA growth and improvement in Working Capital Requirements
  • Impact of Belgian nuclear transaction integrated in financial results at 30 June
  • Solid balance sheet and improving economic net debt to EBITDA ratio at 2.7x, including impact of the agreement on nuclear liabilities
  • Net financial debt decreasing to €23.0bn, down €1.1bn, economic net debt increasing to €41.4bn
  • FY 2023 guidance confirmed, with NRIgs2 expected in the range of €4.7-5.3bn

 

Catherine MacGregor, CEO, said: “In the first semester, ENGIE has achieved a very strong financial performance, driven by the development of our renewable activities and the results of our energy management activities in a context still characterized by high price volatility. We have signed an agreement with the Belgian government significantly reducing the risks on the overall amount linked to the management of nuclear waste and providing the necessary visibility on the 10-year extension of the two units Doel 4 and Tihange 3. ENGIE has also made significant progress across all GBUs, including the acquisition of BTE Renewables in South Africa, the commissioning of BESS Hazelwood in Australia, and the success on the tender of 1,000 km power transmission lines in Brazil. In line with our strategic plan, we keep improving our business profile while leveraging our growth platforms. We are confident in the strength of our integrated model to meet the challenges of the energy transition both in the short and long-term.”

 

For full details, visit our report here

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Entergy Texas and ENGIE partner to explore sustainable power solutions

BEAUMONT and HOUSTON, Texas – Entergy Texas and ENGIE North America (ENGIE) recently executed a memorandum of understanding to work collaboratively toward the exploration of mutually beneficial sustainability solutions.

ENGIE is currently developing a 350 MW industrial-scale green hydrogen plant in Entergy Texas’ service area with an estimated commercial operation date by 2026. This first phase of the proposed project requires an investment of over $500 million and will generate up to 500 jobs during construction and as many as 40 full time positions. Subsequent phases of the proposed hydrogen project could grow this Renewable Hydrogen project to 1 GW by 2030.

“We are proud to partner with industry leaders like ENGIE to support the needs of our customers and communities,” said Eliecer Viamontes, president and CEO of Entergy Texas. “Southeast Texas has the infrastructure and workforce to play an essential role in the growing low-to-zero carbon hydrogen industry, and our collaboration with ENGIE will lead the way for significant advancements.”

Entergy Texas operates in the Midcontinent Independent System Operator energy market and has reliably served customers in Southeast Texas for decades. The company plans to invest over $2.5 billion by the end of 2024 to build a more resilient and sustainable energy future for the region.

“High-energy, low-emission, locally produced hydrogen could be the next game-changing energy resource for Texas,” said Eric De Caluwe, Managing Director of Flexible Generation & Hydrogen at ENGIE North America. “With Houston being home to our North American headquarters for the last 40 years and Texas continuing to be a key market of investment and advancement of new projects and technologies, we look forward to working with Entergy Texas to serve the changing needs of industrial and heavy transport customers here as they seek cleaner forms of energy to fuel their operations and processes.”



About Entergy Texas
Entergy Texas, Inc. provides electricity to approximately 499,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy, visit the Newsroom.


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.

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Rhythm Announces Working Capital Lending Facility with ENGIE

HOUSTON – Rhythm Energy, Inc. (“Rhythm”) a leading green energy technology company in the residential electricity space, is pleased to announce that it has secured a working capital facility from ENGIE Energy Marketing NA, Inc. (“ENGIE”), an affiliate of ENGIE North America Inc., a leader in the Net Zero energy transition.  This collaboration will accelerate Rhythm’s mission to provide 100% renewable energy solutions to its customers across the country.

By offering innovative products, services and digital experiences, Rhythm is at the forefront of making the future of energy easy and cost-effective for residential customers.  Rhythm’s commitment to clean energy is strategically aligned with ENGIE’s vision of creating efficient, long-term, carbon-reducing solutions that support customers through their renewable and low-carbon energy transition.

“We are thrilled to have ENGIE’s support as we continue our rapid growth, and market leadership towards a net-zero emissions future,” said PJ Popovic, CEO at Rhythm. “With electricity demand rising and constantly evolving in the context of the energy transition, there is an increasing need for innovative, consumer-focused solutions.”

The ENGIE facility will allow us to focus on continued development of our next-generation energy platform, which is already enjoyed by a rapidly growing number of customers.  We will deliver unique, modern energy products, promote sustainable use through data and automation, and lead the energy transition,” said PJ Popovic.

“We are delighted to support Rhythm’s mission to promote renewable energy in the residential electricity sector,” said Ken Robinson, President at ENGIE. “Rhythm’s strong track record of technology leadership and innovative approach in the renewable energy space make them an ideal partner as we collectively work towards accelerating the transition towards a carbon-neutral world.”

 

###

 

About Rhythm

Rhythm is empowering a greener future by offering 100% renewable energy plans across the nation. Founded in February 2020, Rhythm is already one of the highest-rated and fastest-growing energy providers in Texas. An award-winning company that’s truly centered around the customer and their experience, Rhythm is spreading good energy, one electricity plan at a time. Learn more at www.GotRhythm.com.

 

About ENGIE S.A.

ENGIE S.A. 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.

 

Media Contacts: 

Rhythm Energy: JP Campione, press@gotrhythm.com

ENGIE North America:  Michael Clingan, michael.clingan@external.engie.com, (832) 745-6057 

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West County Wastewater Moves Forward with Backup Power Plan as part of Ongoing, Major Energy Facility Project with ENGIE

Comprehensive ‘Clean & Green Project’ Celebrated during Event Showcasing Water-Energy Nexus Upgrade Project to save $83 Million and, Reduce Greenhouse Gas Emissions by 93 Percent.


RICHMOND, CALIF. and HOUSTON, April 27, 2023 (GLOBE NEWSWIRE) — West County Wastewater’s (WCW) Board of Directors today announced the approval of Phase Two of their comprehensive energy improvement project. Phase Two initiates the addition of backup power to major energy facilities at WCW’s Water Quality and Resource Recovery Plant. ENGIE North America (ENGIE), a leader in the Net Zero energy transition, will be installing a battery energy storage system that will work in coordination with the cogeneration system, solar system and diesel generators.

The new microgrid will provide uninterrupted plant operations during weather or utility related outages, now commonplace in California. In 2022 alone, California led the United States with nearly one quarter of outages due to increasing temperatures, droughts, wildfires and a strained power grid. Working with ENGIE, the additions to major facilities are a part of WCW’s 5-year strategic plan. The infrastructure project will reduce greenhouse gas emissions by 93 percent and save more than $83 million over its lifetime.

ENGIE and West County Wastewater are collaborating on what will be a best-practice water-energy nexus technology model for sustainable water treatment. Along with the new microgrid, the project includes construction of a solar system, upgrades to LED lighting, electric vehicle charging stations, and various wastewater treatment process improvements to generate electricity and produce Class A biosolids.

“The WCW infrastructure improvements expand resilience in the face of wildfire and weather events that necessitate utility-imposed, Public Safety Power Shutoffs,” said Andrew Clough, General Manager from WCW. “This is a long-term collaboration to meet our sustainability goals and support the surrounding community. Since 2022 we have worked closely with ENGIE to engage local community members including college students for an internship and community engagement programs. This initiative is designed to complement the energy project goals and continue to bring job opportunities and economic benefits to the City of Richmond.”

Construction for Phase One of the Clean & Green Project is underway. Since building began in 2022, construction is nearly 25 percent complete with significant energy and operational savings already recognized. In concert with ongoing program implementation milestones, the ongoing facility upgrades were recently celebrated by the WCW Board, staff and special guests at an official Clean & Green groundbreaking ceremony on April 27, 2023.

“By partnering with West County, we are providing impactful and comprehensive energy, infrastructure designed to offset carbon emissions and provide substantial savings,” said ENGIE’s Chief Energy Solutions Officer, Stefaan Sercu. “Wastewater treatment is an especially energy-demanding operation—but wastewater districts that take advantage of ENGIE’s expertise at the energy-water nexus can make the improvements necessary for the reliability of their equipment, safety of the local community, and environmental sustainability.”


About West County Wastewater
West County Wastewater serves several communities in the Richmond, California, area. The organization owns, operates, and maintains a wastewater collection system with 249 miles of gravity sewer pipelines, 17 lift stations, 6 miles of pressure force mains, and a Water Quality and Resource Recovery Plant with a capacity of 12.5 million gallons per day (mgd). All told, WCW provides wastewater services to approximately 34,000 residences and 900 commercial and industrial businesses, with a total population of nearly 100,000.

About ENGIE S.A.
ENGIE S.A. 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 (ENGI), is listed on the Paris and Brussels Stock Exchanges.

In North America, ENGIE has 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.

 

Contact Data
Michael Clingan
ENGIE North America
(832) 745-6057
michael.clingan@external.engie.com

Kate Gibbs
West County
(510) 390-4844
kgibbs@wcwd.org

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ENGIE adds more than 650 MW to U.S. operations

HOUSTON – ENGIE North America (ENGIE) announced four projects reached commercial operation at the end of December 2022 with a total production capacity of 651 MW. The addition of these projects brings ENGIE’s renewable operations to more than 4.8 GW across the U.S. and Canada.

The portfolio additions include two Texas projects, the 300 MW Limestone Wind project in Navarro and Limestone counties alongside the 250 MW Sun Valley Solar project in Hill County northeast of Waco.

Dedication ceremonies to formally inaugurate Limestone and Sun Valley were held earlier this month, bringing together some 200 people including customers, landholders, local, state and federal representatives, community members and development partners, reflecting both the addition of 550 MW of clean energy to the grid, as well as the long-term commitments to the three counties which are expected to generate around $88 million in tax revenues over the life of the projects.

A further two solar projects totaling 101 MW came online in Halifax County, Virginia and New Castle County, Delaware, which was ENGIE’s first grid scale project in that state.

“Maintaining momentum with our projects and meeting the expectations of our customers to help them deliver on their own Net Zero journey was and remains our key focus. Our proven ability to deliver consistently in a dynamic environment will be a critical differentiator over the next few years,” said Dave Carroll, Chief Renewables Officer of ENGIE North America. “Last year was a volatile one for the renewables industry, including sector-wide supply chain challenges, a rapidly evolving incentives landscape, inflation and all coupled with an accelerating commitment to a Net Zero future made for a lively twelve months, but one where our breadth and depth of the ENGIE team came through.”

Earlier in 2022, Procter and Gamble (P&G) announced a Power Purchase Agreement (PPA) with ENGIE for production from Sun Valley.

Jack McAneny, P&G Vice President Global Sustainability said at the time:

“Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100% renewable electricity. We are excited to work with ENGIE on projects like Sun Valley that progress our strategy and provide benefits to the local community.”

Last year also saw three customers announce PPA’s for Limestone – LyondellBasell, Stanley Black and Decker and Whirlpool Corporation.

LyondellBasell commented:

“LyondellBasell announced four power purchase agreements (PPA) during 2022 totaling 381 megawatts of renewable energy and the Limestone Wind Project was the first PPA in our portfolio. We are excited to see it beginning operations as this marks an important milestone for us in achieving our sustainability goals,” said Aaron Ledet, Senior Vice President, Olefins and Polyolefins Americas of LyondellBasell. “Renewable Electricity is a vital component of how we aim to deliver our greenhouse gas emissions reduction target, which is a 42% absolute reduction in scope 1 and 2 emissions by 2030, relative to a 2020 baseline.”

Stanley Black and Decker commented previously:

“Creating a more sustainable world and achieving carbon neutrality by 2030 requires a transition to renewable energy,” said Deb Geyer, Corporate Responsibility Officer for Stanley Black & Decker. “This project, operational by the end of 2022, will continue to support Stanley Black & Decker’s strategy to source 100 percent of its United States and Canada electricity needs from renewable power.”

Whirlpool Corporation commented:

“This latest wind project is an important part of our ongoing sustainability initiatives, adding additional clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint,” said Whirlpool Corp. Sr. Director of Sustainability Beat Stocker. “Now that Limestone Wind is becoming fully operational, we have achieved an important step in matching 100% of our U.S. plant electricity emissions, taking us closer to our Net Zero by 2030 goal for our operations.”

ENGIE has established a large and growing pipeline of wind, solar and storage projects across the U.S. and Canada, including two acquisitions last year that added some 50 early, mid and late-stage development projects to the portfolio.

“Globally ENGIE aims to add an average 4 GW of renewable capacity each year through 2025 and North America is poised to be a material contributor to that aspiration. We plan to almost double production capacity by 2025 across the U.S. and Canada,” said Carroll. “We are already in construction for many of our 2023 projects, including storage, which will become an increasing element of our portfolio.”

###

About ENGIE

ENGIE 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 towards 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 (ENGI), is listed on the Paris and Brussels Stock Exchanges. In North America, ENGIE has 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.

 

Media Contacts:

 

ENGIE North America

Michael Clingan, External Relations

Michael.clingan@external.engie.com

832-745-6057

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Basin Electric Power Cooperative and ENGIE North America announce 200 MW power purchase agreement for new South Dakota wind project

ENGIE North America (ENGIE) and Basin Electric Power Cooperative (Basin Electric) announced they have entered into a 25-year, 200 megawatt (MW) Power Purchase Agreement (PPA) from ENGIE’s North Bend Wind project located in Hughes and Hyde counties in South Dakota.

The output from North Bend, which is expected to become operational in late 2023, will provide an addition to Basin Electric’s renewable energy mix, adding to its diverse energy portfolio, which provides affordable generation to support the needs of their 131 member cooperatives across nine states.

According to ENGIE, the renewable electricity generated by North Bend will be enough to help meet the monthly electricity needs of some 73,000 average U.S. households and reduces carbon emissions by up to 620,000 tonnes of CO2e per year.

“We are excited to add North Bend Wind to our total generating portfolio of over 7,000 megawatts which blends together affordable and reliable generation to meet the needs of our member co-ops over the coming decades” said Todd Telesz, Basin Electric chief executive officer and general manager. “Furthermore, it demonstrates our commitment to utilizing resources that fit our all-of-the-above energy strategy.”

ENGIE will develop, build and operate North Bend Wind consisting of 71 wind turbines on some 47,000 acres of land just outside Harold, SD, which is located in the cooperative’s service area. During construction ENGIE estimates over 250 jobs are expected to be created, with 8 – 10 longer term operational roles anticipated to be locally based.

ENGIE currently operates or is building almost 5 GW of wind, solar and battery storage projects across the U.S. and Canada and added 12 GW of wind, solar and storage to its pipeline in 2022.

“We are proud to have been selected by Basin Electric to help meet their needs for more renewable power in their overall generation mix and supporting them in delivering low-cost and reliable power to their members” said Dave Carroll, Chief Renewables Officer, ENGIE North America.  “The fact that we are able to provide completely locally produced power from South Dakota to supply members across Basin Electric’s service territory, underpins our focus on being part of the community for at least the next quarter century. Maybe it’s not quite ‘farm to table’, but Basin Electric’s members continue to buy local.”

 

About Basin Electric Power Cooperative

Basin Electric is a consumer-owned, regional cooperative headquartered in Bismarck, North Dakota. It generates and transmits electricity to 131 member rural electric systems in nine states: Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming. These member systems distribute electricity to about 3 million consumer-owners.

 

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 101,500 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, Press Relations

Michael.clingan@external.engie.com

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Ocean Winds awarded a 2 GW floating offshore wind project in California

Ocean Winds, ENGIE’s joint venture held 50/50 with EDP Renewables and dedicated to offshore wind, was awarded a lease area for a floating offshore wind site of 2 GW capacity by the U.S. Bureau of Ocean Energy Management (BOEM).

Ocean Winds and its partner the Canada Pension Plan Investment Board (CPP Investments), through their 50/50 joint venture Golden State Wind, was awarded a lease area of 325[X] km2 in the Morro Bay area, off the central coast of California. It is one of five sites that was the subject of an auction held by the BOEM.

The future offshore wind farm will have a capacity of 2 GW, generating enough energy to power the equivalent of 900,000 homes. This will bring California and the U.S. closer to meeting their clean energy goals of 5 GW of floating offshore wind generation by 2030 in California, and 15 GW by 2035 in the U.S.

This auction is the first floating offshore wind lease sale in the US and the first offshore wind lease sale on the West Coast. In North America, Ocean Winds has now about 6 GW under development with this new project in California and its two projects in the East: Mayflower Wind off the New England coast, and Bluepoint Wind off the New York and New Jersey coasts.

In addition to offshore developments, ENGIE has a strong position in North America, with over 4.5 GW of onshore wind and solar projects in operation and construction, to which were added a pipeline of 12 GW of solar and battery storage projects acquired by the Group in 2022.

Commenting, Paulo Almirante, ENGIE Senior Executive Vice President in charge of Renewables, Energy Management and Nuclear Activities, said:

“This new success for Ocean Winds is linked to its pioneer role for more than 10 years in floating offshore wind, with around 4 GW of projects in operation, construction or underdevelopment in Portugal, France, South Korea and the UK. We, at ENGIE, are very proud to contribute to the development of offshore wind in the US, where Ocean Winds is developing now around 6 GW of offshore wind capacity and with significant contribution to the local economy.”

 

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 101,500 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards 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. Turnover in 2021: 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

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

About Ocean Winds

Ocean Winds (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based on its belief that offshore wind energy is an essential part of the global energy transition, OW develops, finances, builds and operates offshore wind farm projects all around the world.

When EDP and ENGIE combined their offshore wind assets and project pipeline to create OW in 2019, the company had a total of 1.5 GW under construction and 4.0 GW under development; OW has been adding rapidly to that portfolio and is now on a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or construction, and 5 to 10 GW under advanced development. In 2022, OW’s offshore wind gross capacity already operating, contracted or with grid connection rights granted reaches 16.6 GW.

OW, headquartered in Madrid, is currently present in 8 countries, and primarily targets markets in Europe, the United States, selected parts of Asia, and Brazil.

More information: www.oceanwinds.com                                    Follow us on LinkedIn

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ENGIE Energy Marketing to Establish a New Class of Technology-based Carbon Credits attributed to Carbon Sequestration

Key Highlights:

  • ENGIE Energy Marketing NA, Inc and BKV Corporation will develop a framework and marketing program to develop a new product for an emerging U.S. market on Carbon Credits associated with measured Carbon Sequestration.
  • Project Canary, the independent data and analysis provider, will reconcile sensing technologies and measure, analyze, and report the environmental attributes of the sequestrated Carbon to support decarbonization.

 

ENGIE Energy Marketing NA, Inc (“EEMNA”), a subsidiary of ENGIE North America, announces it will develop a framework and marketing platform for sourcing measured Sequestrated Carbon in establishing a new class of differentiated technology-based Carbon Credits.

 

EEMNA entered into a letter of intent with BKV Corporation to build this framework for verifiable environmental attributes with the use of carbon credits. The framework includes two approaches along the value chain. BKV will measure, reduce, and verify emissions using the latest operational enhancements and technologies, including continuous emissions monitoring while also using RSG gas. Secondly, BKV will deliver Sequestrated Carbon Credits to EEMNA under a defined framework for marketing to support development of a new and emerging market.

 

The value chain for sourcing measured Sequestrated Carbon Credits requires a reliable data partner. Project Canary will provide verifiable data and analysis utilizing their Canary SENSE Platform™ which reconciles sensing technologies, including 3rd party sensors, and includes measurement, reporting, and validation of methane intensity and the carbon emissions footprint of upstream, midstream, and carbon capture use and sequestration facilities. EEMNA and BKV plan to engage other 3rd parties and academic institutions to review and verify the framework.

 

EEMNA considers this initiative a first differentiated offering and the beginning of an emerging U.S. market in which an LNG buyer, gas utility, power utility, or other end-user can purchase measured and verified sequestrated carbon credits from a single, trusted company. This level of transparency is critical for the energy transition.

 

“EEMNA was a first mover in recognizing the value of RSG based upon quantified methane intensities and important environmental attributes. With this initiative, we are proud to push the market for certified, and auditable decarbonization targets forward,” said Ken Robinson, President of ENGIE Energy Marketing NA, Inc. “Reaching a true net zero carbon target requires a complete transformation of the energy system, which is why we are committed to taking the next transitional step with the development of measured sequestrated carbon credits.”

 

“The ability to develop a new energy framework towards net zero, requires high fidelity data, innovative technology, and the right leaders,” said Chris Romer, Project Canary Co-founder and CEO. “Today’s energy economy demands a cleaner, better way of producing, transporting, and buying energy. We are proud to help put this first trade together by delivering the transactable environmental data for this transformative deal.”

 

BKV’s natural gas commodity will have a complete, independently measured emissions profile, including one of the first permanent U.S. commercial and industrial geologic sequestration projects. Scheduled to come online in late 2023, it involves the injection of CO2 into a permitted facility owned by BKV in Texas.

 

“Evolving a long-established market isn’t simple, but we believe that progress requires innovative partnership to achieve net zero, and proof of performance,” said Chris Kalnin, CEO & Founder of BKV Corporation. “We are committed to creating an evolved market and framework that solves a complex problem.”

 

These new methodologies will help to measure and compute total emission footprints to meet new and emerging international standards for methane intensity and environmental factors. EEMNA, BKV, and Project Canary are committed to building this evolved market and establishing the verifiable data to underpin it.

 

About ENGIE

EEMNA is a subsidiary of 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 101,500 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, www.engie-na.com and www.engie.com.

 

About BKV

Headquartered in Denver, Colorado, BKV Corporation (BKV) is a privately held, forward-thinking, growth-driven, energy company that seeks to deliver low-impact, sustainable energy to the community. BKV’s core business is to produce natural gas from its owned and operated upstream businesses. Founded in 2015, BKV has approximately 400 employees across the U.S. that are committed to building a different kind of energy company. BKV is one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer in the Barnett Shale. BKV Corporation is the parent company for the BKV family of companies. For more information, visit www.bkvcorp.com.

 

About PROJECT CANARY

Project Canary® is an environmental data and software company that collects, analyzes, quantifies, and visualizes asset-level environmental risk assessments and emission profiles. As a measurement, reporting, and verification (MRV) solution, the Canary SENSE Platform™ integrates a networked sensor canopy, including 3rd party sensor data and assessment scores, to provide independently verifiable climate attribute data for upstream, midstream, and CCS (carbon capture and sequestration) projects. Project Canary’s insights help energy organizations improve performance, manage risks, and deliver auditable decarbonization data. Formed as a Public Benefit Corporation, the U.S. Colorado-based team includes scientists, engineers, and industry operators focused on the path to True Zero™. www.projectcanary.com

 

Media Contacts:

ENGIE North America: Michael Clingan, +1 (832) 745 6057, michael.clingan@external.engie.com
BKV Corporation: Becky Escott, +1 (940) 536-0359, becky.escott@bkvcorp.com
Project Canary: Rachael Shayne, +1 (303) 968-1702, rachael.shayne@projectcanary.com

 

SOURCE ENGIE North America

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