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AstraZeneca Texas Manufacturing Site

HOUSTON – ENGIE Resources (ENGIE), a subsidiary of ENGIE North America, announced today a nine-year renewable energy supply agreement with AstraZeneca. Under the terms of an agreement that runs through 2034, AstraZeneca will procure renewable solar energy and Renewable Energy Credits (RECs) through ENGIE to support its manufacturing operations in Coppell, Texas.

The retail supply agreement will source from the Tyson Nick Solar Project, a 114MW solar generator that is located 90 miles northeast of Dallas in Lamar County, Texas. This agreement represents a major step toward reducing environmental impact, avoiding an estimated 94,447 metric tons of carbon dioxide emissions, the equivalent of eliminating the emissions from burning 105 million pounds of coal. This initiative underscores AstraZeneca’s strong commitment to sustainability and responsible environmental stewardship.

“This joint effort with AstraZeneca exemplifies how leading organizations can align climate ambition with meaningful action,” said Anne-Laure Chassanite, CEO of ENGIE Resources. “We’re proud to deliver renewable energy in support of AstraZeneca’s decarbonization goals—and deeply grateful to the dedicated teams across both organizations whose expertise and collaboration made this agreement possible.”

“By securing renewable energy for our Texas operations, AstraZeneca is proud to lead by example in reducing emissions and building a resilient supply chain,” said Jim Fox, Senior Vice President, Americas Supply Operations at AstraZeneca. “This partnership illustrates how innovative thinking, shared values, and action can accelerate the transition to cleaner energy, benefitting both our business and our communities.”

AstraZeneca represents a strategic customer base for ENGIE. It is one of nineteen global pharmaceutical accounts and is one of the first to have its climate targets verified by the Science-Based Targets Initiative’s Net-Zero Corporate Standard.

“We are privileged to work with an organization so deeply committed to both human health and environmental sustainability,” said Kristine Robak, Key Account Director at ENGIE Resources. “By delivering the benefits of renewable energy, we’re proud to contribute to AstraZeneca’s ambitious growth and sustainability goals as they expand their manufacturing capacity in the U.S.”

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About ENGIE Norh 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 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, www.linkedin.com/company/engie-north-america-inc and twitter.com/ENGIENorthAm.

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

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ENGIE and Meta expand PPA to more than 1.3 GW

Meta will contract 100% of ENGIE’s largest solar project to date, increasing their total collaboration to more than 1.3 GW, supporting the acceleration of digital infrastructure.

Houston – ENGIE North America (ENGIE) announced that it has entered into additional Power Purchase Agreements (PPAs) with Meta that will increase the overall scale of the commercial relationship between the two companies to more than 1.3 GW across four Texas projects.

The announced PPAs include ENGIE’s new 600 MW Swenson Ranch Solar project in Stonewall county, south east of Lubbock, Texas. The project will be the single largest asset in ENGIE’s more than 11 GW operating and in construction portfolio consisting of solar, wind and battery storage assets in North America. Swenson is expected to be operational in 2027, which Meta will purchase 100% of the project’s output to support its data center operations in the United States.

“We are excited to continue the expansion of our relationship with Meta,” said Dave Carroll, CEO and Chief Renewables Officer, ENGIE North America. “Our objective is to bring reliable, cost competitive power to the grid as rapidly as possible, and projects like Swenson demonstrate the importance of solar to meet the timely needs of our customers.”

The $900 million planned investment in Swenson will employ over 350 skilled workers during construction and once complete will generate more than $158 million in tax revenues for the county and the local hospital district over the life of the project.

“We are thrilled to bring an additional 600MW of solar energy to the grid, and expand our partnership with ENGIE to 1.3 GW” said Urvi Parekh, Head of Global Energy at Meta. “Our collaboration with ENGIE enables us to continue matching 100% of our electricity use with clean and renewable energy to support our data center operations.”

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About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than $10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page.


Media Contacts
ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com

 

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Renewable Clusters and the Future of the Texas Grid

Texas stands at a pivotal moment in its energy journey. With its booming population, thriving industrial base and weather extremes, the state embodies both the opportunities and the challenges of building a reliable, affordable and clean grid.

Each summer, as ERCOT navigates record demand peaks, Texans are reminded that the question is not whether the grid has enough capacity on paper, but whether it can deliver power where and when it is needed. Against this backdrop, new models of renewable development are emerging – models that combine scale, storage, technology and community partnership into something larger than the sum of their parts.

The concept of renewable clusters deserves attention. By co-locating generation and storage assets, sharing infrastructure and building strong ties with host communities, clusters demonstrate that clean energy can provide reliability on par with conventional generation. The ENGIE Chillingham project in Bell County offers one of the clearest case studies. More than a solar farm, Chillingham is a blueprint for how renewables can anchor regional grids and create enduring community value.

At 350 megawatts of solar paired with 150 megawatts of battery storage, Chillingham represents a scale of investment that commands notice on its own. Yet when combined with its neighboring Five Wells project, the cluster exceeds one gigawatt of capacity and nearly $1 billion of investment in the area. But size alone is not what makes the project significant. Its true value lies in pairing variable solar output with dispatchable storage, ensuring that power is available not only when the sun shines but whenever Texans need it most.

Technology is at the center of the Chillingham model. From advanced inverters that provide grid support services, to drones that inspect arrays, to robotics that accelerate construction, innovation permeates the project. Even daily operations are digitized, with climate-controlled warehouses safeguarding sensitive equipment from Texas heat. These measures are not just about efficiency—they are about resilience. They ensure that the cluster operates smoothly in a region where extreme weather is not hypothetical but expected.

Yet, no cluster succeeds on technology alone. The community dimension of Chillingham is as central as its technical achievements. The project has generated more than $15 million in county tax revenue and $64 million in school district funding. It has supported 400 construction jobs and created 20 long-term positions, many filled by local hires. Landowners benefit from stable lease income, while donations to schools – including robotics programs, invest in the next generation of engineers.

When wildfires threatened the local area, project staff joined emergency responders in protecting homes and farmland. These efforts underscore a fundamental principle: renewable projects thrive when the communities around them thrive.

The workforce dimension further reinforces this point. The technicians, site managers, analysts, and administrators who keep Chillingham running represent both local roots and specialized expertise. Their pride in building “something for people to come back to” speaks volumes about the cultural dimension of renewables.

Safety, too, plays a decisive role. At Chillingham, every day begins with a safety briefing, and every worker has the authority to halt operations if conditions are unsafe. This culture elevates reliability itself. A resilient grid cannot exist without a resilient workforce – one that is both empowered and protected.

The lessons for Texas, and for the nation, are clear. Renewable clusters demonstrate that clean energy can deliver on the three dimensions policymakers often see in tension: reliability, affordability, and decarbonization. They show that innovation is not optional but essential to competitiveness. They confirm that community benefits are not side effects but central to project durability. And they remind us that people – the skilled professionals who design, build, and operate these assets – are the true drivers of the transition.

The future of the U.S. grid will be written by such models. As demand accelerates with electrification, as weather volatility tests infrastructure, and as expectations for affordability and reliability intensify, renewable clusters provide a replicable blueprint.

They prove that renewable projects can be grid assets and community assets simultaneously. They illustrate how thoughtful design, strong partnerships, and continuous innovation can transform challenges into strengths. Most importantly, they call on industry peers and policymakers alike to see in places like Bell County not just projects, but pathways to a resilient energy future.

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Daikin Selects ENGIE to Advance Unified Solar Power Strategy Across Texas

HOUSTON, Texas—September 17, 2025— Daikin, a global leader in air conditioning manufacturing, announced today a five-year agreement with ENGIE North America to power all of the company’s Texas facilities with 100% renewable electricity, including the Daikin Texas Technology Park (DTTP), home to its largest manufacturing site and North American headquarters.

“This initiative represents a major step forward in aligning our operations with Daikin’s long-term sustainability goals,” said Mike Knights, Senior Vice President of Procurement at Daikin. “By working with ENGIE, a global leader in the energy transition, we’re securing clean electricity for our Texas operations while reinforcing our environmental responsibility goals. The initiative facilitates a transparent, traceable connection between operational energy use and a certified renewable energy source.”

Under the agreement, Daikin will source clean electricity from the Impact Solar project in North Texas, which is owned and operated by a third party and has been in commercial operation since 2021. This relationship brings Daikin closer to its goal of making the DTTP a Net Zero Factory by 2030 and supports the company’s global Environmental Vision 2050.

“This agreement with Daikin underscores how industry leaders can advance global visions into tangible progress locally,” said Anne-Laure Chassanite, CEO of ENGIE Resources. “We’re proud to deliver renewable electricity from Impact Solar in support of Daikin’s operations in Texas.”

This milestone builds on Daikin’s recent installation of a solar array at DTTP, which powers the facility’s central chiller plant and supports grid integration. Together, these efforts reflect a broader strategy shaped by a two-year collaboration with ForeFront Power to evaluate energy usage, sustainability goals, and procurement planning. The result is a forward-looking approach that advances Daikin’s environmental goals while reinforcing its leadership in sustainable manufacturing and corporate responsibility within the HVAC industry.

“Our relationship with Daikin reflects the power of strategic energy planning and competitive solicitation processes to drive meaningful sustainability outcomes,” said Dr. Ruben Fontes, CEO of ForeFront Power. “Over the past two years, our Advisory Services team worked closely with Daikin to shape and execute on a comprehensive renewables procurement strategy that aligns with their Net Zero ambitions. We’re proud to have played a role in helping Daikin lead the way in responsible manufacturing and renewable energy adoption.”


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About Daikin
Daikin Industries, Ltd. (DIL) is a Fortune 1,000 company with more than 100,000 employees worldwide and a leading indoor comfort solutions provider. Daikin Comfort Technologies North America, Inc. (DNA) is a subsidiary of DIL, providing Daikin, Goodman, Amana® and Quietflex brand products. DNA and its affiliates manufacture heating and cooling systems for residential, commercial and industrial use that are sold via independent HVAC contractors. DNA engineering and manufacturing is headquartered at Daikin Texas Technology Park near Houston, TX. For additional information, visit www.daikincomfort.com. Amana® is a registered trademark of Maytag Corporation or its related companies and is used under license. All rights reserved.

About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than $10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page.

About ForeFront Power

ForeFront Power is a leading provider of energy solutions and advisory services. This includes commercial and industrial-scale (C&I) solar energy and battery storage projects in the U.S. and Mexico, as well as fleet electrification and asset management services. With over 15 years of experience, the ForeFront Power team has developed more than 1,900 behind-the-meter and community solar projects, totaling more than 1.6 gigawatt-DC of renewable electricity. In addition to project development and asset management, ForeFront Power provides strategic advisory services that help organizations navigate complex energy decisions—from sustainability and procurement planning to renewable project implementation. The company serves a wide array of business, government, education, healthcare, and community solar customers from its San Francisco headquarters and through teams based in New York, Mexico City, and across the U.S. For additional information, please visit www.forefrontpower.com.

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ENGIE Collaborates with Prometheus Hyperscale to Co-Develop Next-Generation AI-Ready Data Centers in Texas

ENGIE North America (ENGIE) announced it has entered into an agreement with Prometheus Hyperscale (“Prometheus”), a leading sustainable hyperscale data center developer. Together, they will co-locate data centers at select renewable and battery storage energy facilities along the Texas I-35 corridor.

Under the exclusive agreement, Prometheus will deploy its high-efficiency, liquid-cooled data center infrastructure alongside ENGIE’s renewable and battery storage assets. The first sites equipped with high-performance, AI-ready data center compute capacity are expected to go live in 2026, with more locations planned from 2027 onward.

This alliance brings together ENGIE’s deep expertise in renewables, batteries, and energy management and Prometheus’ highly efficient liquid-cooled data center design to meet the growing demand for reliable, sustainable compute capacity — particularly for AI and other high-performance workloads.

“ENGIE is focused on delivering solutions to meet the growing demand for power across the U.S., with a strategic focus on enabling data center expansion. By leveraging our robust portfolio of wind, solar, and battery storage assets — combined with our commercial and industrial supply capabilities and deep trading expertise — we’re providing integrated energy solutions that support scalable, resilient, and sustainable infrastructure,” said David Carroll, Chief Renewables Officer and SVP, ENGIE North America. “Our collaboration with Prometheus demonstrates our shared approach to finding innovative approaches to developing, building and operating projects that solve real world challenges.”

“Prometheus is committed to developing sustainable, next generation digital infrastructure for AI,” said Bernard Looney, Chairman of Prometheus Hyperscale and former CEO of bp. “We cannot do this alone – ENGIE’s existing assets and expertise as a major player in the global energy transition make them a perfect partner as we work to build data centers that meet market needs today and tomorrow.”

To meet those needs quickly, Prometheus will work with Conduit, an on-site power generation provider, for near-term bridging and back-up solutions. The alliance will also enable tenants to offset project-related carbon emissions through established market-based mechanisms.


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About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than $10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page at www.linkedin.com/company/engie-north-america-inc.

About Prometheus Hyperscale
Prometheus Hyperscale puts energy first in powering the age of intelligence. By harnessing cleaner energy, Prometheus is building next-generation, liquid-cooled hyperscale data centers to deliver sustainable, efficient, and scalable infrastructure for AI and the digital economy. Led by seasoned energy executives and deeply experienced data center developers, Prometheus uses proprietary geothermal technology that enables zero water use, setting a new standard for sustainable infrastructure. Prometheus is redefining how data centers are built—driving innovation, sustainability, and speed to unlock a cleaner, smarter future. To learn more, visit PrometheusHyperscale.com or our LinkedIn page at https://www.linkedin.com/company/prometheus-hyperscale.


Media Contacts

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

Prometheus Hyperscale
Abby Pick
Abby.pick@prometheushyperscale.com

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2025 Business Energy Census

Access the report


Business Energy Census Highlights Rising Prices,
Volatility, and Shifting Strategies

HOUSTON – ENGIE North America (ENGIE), announced today, in collaboration with Energy Research Consulting Group (ERCG), the release of the 2025 North American Business Energy Census. This third annual report offers valuable market insights and opinions from over 100 aggregators, brokers, and consultants (ABCs), representing approximately 760,000 end-use customer locations.

“During uncertain times, our role as a retail energy supplier provides a critical link between supply and demand,” said Anne-Laure Chassanite, chief executive officer at ENGIE Resources. “Through our steadfast commitment to renewable energy and recognizing voice of customer, we navigate market volatility and help assure a sustainable and resilient future.”

Drawing insights from over 100 survey respondents, ENGIE’s Business Energy Census report highlights the evolving energy sector and the growing importance of strategic energy management for organizations of all sizes. Survey participants include a spectrum of energy management advisor roles with a diverse client base across commercial, industrial, and institutional sectors.


The 2025 Business Energy Census identifies several trends that indicate heightened volatility and uncertainty in the energy market, including:

  • Energy’s Strategic Role: A slight shift in priorities, with 10% of respondents reporting that energy had become less strategic among their end-user clients.

  • Forecast of Rising Prices and Volatility: Expectations of increased volatility in natural gas and power prices.

  • Green Premium Acceptance: A softening in demand for renewable energy with price premiums.

  • Strengthening Regulatory Support: Increasing awareness among ABCs regarding the need for more advocacy and efforts to improve regulatory frameworks.

  • Energy’s Impact on Mergers and Acquisitions: Intensification to secure reliable, affordable, and sustainable energy sources, setting the stage for strategic consolidations and investments.

  • Addressing Market Information Challenges: A slight decline in the perception of the availability of quality market information among ABCs.

Based on the 2025 Business Energy Census results, customers and partners can find observations that highlight the evolving complexities and strategic importance of energy management across diverse business sectors. The report underscores the need for agile and forward-thinking strategies to navigate increased volatility and geopolitical tensions and support the development and delivery of green energy solutions for power and gas customers.

As an affiliate of ENGIE North America, ENGIE Resources aims to deliver journey-specific insights from diverse firms across various geographical locations, revenue brackets, and business models.

Based in Boston, ERCG provides business intelligence and consulting services to energy market participants on entry strategies, investment opportunities, and market & policy dynamics. “Energy ABCs have a front row seat to the rapidly changing economic and political environment – and their impacts on end-use customers,” said Young Kim, Principal. “The annual Business Energy Census gives us a powerful tool to analyze year-over-year changes in sentiment. We are proud to partner with ENGIE Resources to keep our fingers on the pulse of the business community.”

Get instant access to the report by filling out the fields below.

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About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than $10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges.

For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.linkedin.com/company/engie-north-america-inc and twitter.com/ENGIENorthAm.

Media Contacts:

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

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Custom Solutions for a Changing Energy Landscape

As our industry evolves, there is more interest than ever in integrating artificial intelligence (AI) and other digital energy solutions into operations. However, choosing technology solutions is not a one-size-fits-all approach. Instead of merely examining the existing out-of-the-box technology, we should examine the specific challenges we encounter in our business and develop customized digital solutions to address these issues more effectively.

Solving complex problems with custom solutions is what led us to develop the IoN Platform, our suite of comprehensive custom applications that fill the gap where off-the-shelf programs fall short.


An overview of the IoN platform

The IoN platform is a comprehensive suite of tools that include 17 custom-built applications which enhance efficiencies in our day-to-day operations and unlock valuable data insights for critical business decisions. The IoN has continuously evolved over the past five years and now has over 3,500 registered users within our organization. The platform is built upon Azure, Microsoft’s cloud computing platform that provides secure, scalable and reliable infrastructure. Azure empowers us to deliver top-notch performance, innovate faster and ensure seamless operations for our users.

The primary goal of the IoN is to deliver impactful solutions for tackling complex business challenges, allowing us to leverage data-driven insights to achieve outcomes beyond what standard off-the-shelf products can offer. Some of our digital energy solutions offered include:

  • Access & permission management
  • Custom applications
  • Real time data acquisition
  • Automated processing including risk management
  • Streamlined data-sharing with external partners
  • Cloud-based reporting
  • Generative AI solutions
  • Safety and observation tracking

The IoN has become a beacon of innovation within ENGIE because it empowers our business to address specific business needs and conquer unique challenges with confidence through tailored digital energy solutions.

Tracking a project from its ‘INCEPTIoN”

One of the IoN’s flagship programs is INCEPTIoN, a metadata platform designed to unify different data sources into a single, centralized location. What began as a construction tracker for projects in development has evolved into a digital solution to track the entire project lifecycle. From prospect planning to commercial operations, INCEPTIoN seamlessly integrates key project data from tools used along the way such as Microsoft Project Online, Procore, Radian, Salesforce, SAP, ArcGIS, Smartsheet, and more, ensuring streamlined workflows and enhanced efficiency

The journey from concept to execution often spans years, accumulating numerous intricate components and extensive data along the way. One project to recently make its way through INCEPTIoN was Chillingham Solar, our largest solar project in operation in North America at 350 MW, which started in February 2023 and had its ribbon-cutting ceremony in Bell County, Texas in April 2025.

From greenfield prospects (projects built from scratch without any constraints from previous projects) to acquisitions, development, construction and operations, INCEPTIoN provides a comprehensive view of our project portfolio, enabling teams to access critical information at every stage. Moreover, having all the historical data centralized in one place ensures that valuable insights are preserved and easily accessible, facilitating better decision-making and strategic planning. When there is a new project, a project shell is created in INCEPTIoN. From there, the project will automatically link to all available external applications used throughout the lifecycle of the project, from asset management, financials, mapping, power marketing and others in between.

Tailoring insights for every team

One of the standout features of INCEPTIoN is its customized views, specifically tailored for different user groups. Whether groups require custom dashboards or a project-specific view, INCEPTIoN displays data visualizations in a way that meets their needs. This flexibility plays a vital role for teams working across various aspects of a project — ranging from power marketing to site operations managers — helping them stay informed and efficient.

Here are a few ways the tool has improved efficiency:

  • Power marketing dashboard: This dashboard provides a clear view of where we stand in the pipeline for deals with partners on Purchase Power Agreements (PPAs). It offers detailed insights into these PPAs, enabling users to easily track progress and access relevant deal information.
  • Project risk register: The digitized risk register allows us to manage risks more effectively by providing a centralized database for risk documentation and analysis. Digitizing risk in a database enables our teams to analyze, compare, and understand better, fostering more informed decision-making and strategic planning.
  • Safety metrics integration: Safety data is integrated from Procore, providing leading and lagging indicators for the construction phase of projects. This integration helps us maintain a pulse on safety performance.
  • Environmental data display: Environmental information is displayed through an embedded view, integrating data from Smartsheet used by our developers. This feature helps us track sustainability, as well as compliance metrics and targets.

When it comes to our digital transformation, we must not remain stagnant. Continuous improvement is key. We actively seek feedback from users and incorporate their suggestions to enhance the tool’s functionality. This iterative approach rooted in Agile methodology ensures that the tool remains relevant and effective in addressing our evolving needs.

Innovation that drives impact

To meet rising energy demand, custom innovation is key. INCEPTIoN enhances efficiency while aligning projects with business goals.

Looking ahead, we are excited to expand the IoN, delivering cutting-edge solutions that streamline data, processes, and customization.

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2025 First Quarter Results

Business highlights

  • Robust activity in Renewables & BESS, with 8.5 GW under construction across more than 100 projects at the end of March 2025
  • Acquisition of two hydropower plants in Brazil (612 MW) and a portfolio of Renewable assets in the United Kingdom (157 MW)
  • Award of a new electric substation in Chile
  • Closing of the nuclear transaction in Belgium

Financial performance

  • EBIT excluding nuclear at €3.7bn, an organic increase of 2.1%, mainly driven by Infrastructures and favorable timing effect
  • Cash Flow From Operations1 at €4.0bn in Q1 2025
  • Maintaining a solid balance sheet with an economic net debt/EBITDA ratio down to 3.0x
  • Economic net debt reduced by €1.8bn
  • FY 2025 guidance confirmed with NRIgs2 expected in a range of €4.4-5.0bn

 

For more information on the Q1 Results visit our global page >> https://www.engie.com/en/news/2025-first-quarter-results

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ENGIE enters partnership with CBRE Investment Management for 2.4 GW portfolio of Battery Storage Assets in the U.S.

HOUSTON, May 15, 2025 /PRNewswire/ — ENGIE North America (ENGIE) announced that it has entered into a partnership with funds managed by CBRE Investment Management (CBRE IM) on a portfolio of battery storage assets in Texas and California.

This transaction is one of ENGIE’s largest operating portfolio partnerships in the U.S. and one of the sector’s largest sales completed to date. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

The 2.4 GW portfolio consists of 31 projects in operation in Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories.

“We are delighted that ENGIE and CBRE IM are partnering in this industry-leading transaction, supporting 2.4 GW of storage that will support the growing demand for power in Texas and California. The scale of this portfolio reflects ENGIE’s commitments to meeting the energy needs of the U.S. and increasing the resilience of the ERCOT and CAISO grids,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “CBRE IM’s investment reflects their confidence in ENGIE’s proven track record in developing, building, operating and financing renewable assets, both in North America and globally.”

ENGIE is a leader in meeting growing energy needs in North America where it currently has more than 11 GW of renewable production and battery storage in operation or construction. This transaction supports ENGIE’s strategy in North America by simultaneously recycling capital and adding a leading, globally recognized investor to ENGIE’s select pool of partners. The size of this portfolio focused on battery storage assets reflects ENGIE’s global aspirations to grow in this space.

“We are excited to partner with ENGIE on this high-quality, scaled battery storage portfolio with a strong operating track record,” said Robert Shaw, Managing Director, Private Infrastructure Strategies at CBRE Investment Management. “This investment reflects our proven strategy of investing in infrastructure 2.0 assets that leverage the breadth of the CBRE IM platform and benefit from strong contracted revenue and macro digitalization and decarbonization tailwinds.”

 

About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than €10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $149.1 billion in assets under management* as of March 31, 2025, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

 

Contacts:

ENGIE North America
Michael Clingan, External and Press Relations
Michael.clingan@external.engie.com
C +1 832-745-6057

CBRE IM
Josh Stoffregen-Foye
Head of Media Relations
CBRE Investment Management
200 Park Avenue | Suite 2001 | NY, NY 10166
C +1 347-882-0148
josh.stoffregenfoye@cbreim.com | LinkedIn

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ENGIE teams up with Cipher Mining to power Texas data center

HOUSTON – ENGIE North America (ENGIE) announced it has entered into a preliminary agreement with Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher”) to enter into a power supply agreement to power a Cipher data center in Texas. Once executed, the agreement would allow Cipher to purchase up to 300 megawatts (MW) of clean energy from one of ENGIE’s wind facilities.

The new arrangement would leverage the wind project’s renewable energy generation to power the co-located data center, helping to alleviate an already congested transmission area. This helps offset basis risk and mitigate curtailment challenges especially in regions like West Texas, where wind and solar resources are abundant but often face constraints due to transmission bottlenecks and curtailment.

By pairing the data center with renewable energy, this strategic collaboration supports the use of surplus energy during periods of excess generation, while enhancing grid stability and reliability.
“ENGIE is committed to pursuing innovative solutions that maximize the value of renewable generation and improving cost effectiveness of delivering clean energy supply to our customers,” said David Carroll, Chief Renewables Officer & SVP, ENGIE North America. “We are focused on meeting the growing need for power by our customers as they expand their operations in the U.S. and renewables is an essential part of supplying this increasing demand.”
This agreement continues to reflect ENGIE’s position as one of the leading providers of power purchase agreements globally.

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About ENGIE North America
Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than €10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page.

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

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