HOUSTON –(BUSINESS WIRE)– ENGIE Energy Marketing NA, Inc. (“ENGIE Energy Marketing”), a global energy mid-streamer offering electricity, natural gas, and energy services, a subsidiary of ENGIE S.A. (ENGIE) and MI Texas LLC (“MI”), a subsidiary of Mothership Incubator LLC, a retail electricity provider (REP), today announced that they have entered into a facility agreement for wholesale supply procurement in ERCOT (Electric Reliability Council of Texas) with a tailored focus on next-generation retail solutions.

Unlike a run-of-the-mill credit and supply deal, this innovative facility structure encapsulates MI’s unique value proposition: providing white-label REP services for distributed energy resources (DERs) and creatively structured electricity supply solutions for complex, non-residential loads such as datacenters. With a commitment to growing renewable energy adoption, solving unique credit challenges, and simplifying ways for residential homeowners to deploy DERs, Mothership is primed to disrupt the electricity space.

Mothership will use this facility, which provides innovative products, renewable hedges, flexible credit, and varied tenor terms, to hedge supply requirements for their unique customer base. More specifically, this facility will enable Mothership to focus on innovating new retail solutions that monetize DERs such as solar, storage, and EVs and creating new contract structures for flexible load resources such as bitcoin mining, manufacturing, and schools.

ENGIE Energy Marketing’s President, Ken Robinson, said, “All of us at ENGIE are excited to join forces with a company like Mothership that understands our mission to transform the energy landscape to be more customer-centric, and also has the expertise to curate a retail portfolio focused on deploying renewables to all customer segments. Smart agreements like these are the kind that we need to make real gains toward a carbon-neutral economy.”

Mothership CEO Maura Yates said, “ENGIE is an ideal alliance for Mothership and we share a common commitment to decarbonization and innovation. The Mothership team see’s enormous potential in maximizing value streams from DER’s and delivering creative solutions to the market in order to drive cost savings, comprehensive risk management, and sustainability.”


About ENGIE

Our group is a global reference in low-carbon energy and services. With our 170,000 employees, our clients, our partners and our stakeholders, we strive every day to act to accelerate the transition towards a carbon neutral economy, through reduced energy consumption and more environmentally friendly solutions. Guided by our purpose statement, we reconcile economic performance with a positive impact on people and the planet, using our expertise in our key business areas (gas, renewable energies, services) to provide competitive solutions to our clients. www.engie.com

About Mothership

Launched in Fall 2021, Mothership is a boutique ERCOT REP that is disrupting the traditional electricity space by leading the next generation of retail suppliers focused on flexibility, deploying distributed energy resources, and decarbonization of the grid. Mothership’s house-branded REP is a hyper-focused, high-performing risk and origination team committed to doing smart deals and providing best-in-class customer service for commercial and industrial customers. We work with sophisticated brokers and loads in ERCOT, creating highly structured, customized retail contracts that integrate renewables and DERs into the supply offering. To learn more, visit mothershipenergy.com.

Contact:

Calin Brammer
calin@mothershipenergy.com

ENGIE Energy Marketing NA, Inc.
Michael Clingan, Press Relations
Michael.clingan@external.engie.com

The energy marketing division represents the ENGIE Group Global Energy Management & Sales in North America, and leverages ENGIE’s global expertise in supply and optimization of energy to maximize value for our customers. Based in Houston, the North America energy marketing group serves all major power and gas markets throughout the United States. Contact us at EEMNA@engie.com or 713-636-1700.

Paris Dispatching

Power

We are active in ERCOT, NYISO, ISO-NE, PJM, MISO, SPP, and IESO, providing energy market access and delivering generation energy management and energy marketing services across these regions.

Renewable energy solutions

As a global leader in low-carbon energy and services, we offer a wide range of energy transition solutions to make the transition to carbon-neutral possible: power optimization agreements for green energy producers, power purchase agreements (PPAs) and battery storage services, risk management services, and support for managing the physical production of energy. Our power supply services help industrial customers and load-serving entities source renewable energy directly from projects with high visibility of market prices.

The possibilities are exciting, even in the midst of economically challenging circumstances. Our energy marketing services help customers achieve their sustainable energy ambitions, whatever the scope or scale.

A unique 24/7 renewable power supply for a Microsoft data center

In September 2019, ENGIE and Microsoft announced a market-first 15-year renewable energy supply transaction in Texas. Along with the construction of new wind and solar power generation projects in Texas, and the sale of the associated power and renewable energy certificates (RECs) to Microsoft, the agreement was pioneering because it added an energy hedge (called a “volume firming agreement”) that converts the intermittent renewable energy supply into a fixed, 24/7 baseload power profile for Microsoft’s San Antonio data center.  See the full story here.

Renewables expertise

CAPABILITIES

  • Pricing of PPAs, green power supply, short- and long-term hedges, and structured REC deals
  • Provision of market access and dispatch/bidding/settlement services
  • Provision of environmental credit hedges for the renewables space
  • Battery and storage hedge solutions
  • Compliance support

EXPANSION

  • Active market participation with both existing and developing wind, solar, and energy storage assets
  • The ENGIE Group has a global focus on expanding our renewable generation portfolio, with 4 GW of additional renewable power generation coming online in 2022 to 2024

EXPERIENCE

  • Broad and experienced group of talented origination, energy marketing and trading, and asset management staff
  • Long-term relationships with all major markets, major independent operators, power generation facilities, and retail electric providers (REPs)

Retail supply and market access

We provide a range of solutions to enable retail providers, power generators, gas producers, and others in the energy space to hedge and transact in the wholesale power, gas, and REC and independent systems operator (ISO) markets, including:

  • A full-service desk for retailers looking for a long-term supplier partnership
  • Services for both the upstream and downstream market segments, offering clients timely and accurate pricing
  • A strong renewables presence, which naturally leads to environmental product offerings and solutions for our clients
  • A credit and payment financing facility that enables clients to better manage their cash needs throughout the year
  • Direct and affordable access to ISO offerings
  • Excellent service that helps clients thrive in a volatile and competitive market landscape
Trading in Paris

Energy management

We provide energy management services for power generation and storage facilities, covering wind, solar, hydro/pump storage, battery, biomass, demand response, and thermal technologies.

Highlights:

  • Fully NERC CIP Medium Impact compliant control system and dispatch center
  • Fully maintained and active ICCP connection with ERCOT, PJM, ISO-NE, and SPP
  • Real-time desk that is fully staffed 24 hours a day, 7 days a week, and is PJM- and NERC-certified

Additional ENGIE Energy Management North America (EEMNA) assets are scheduled to come online in the next 18 months, increasing capacity.

EEMNA Asset Schedule Chart
Chart - Trading in Paris

Capabilities

  • Day ahead energy/ancillary bidding
  • Real-time energy/ancillary bidding
  • Real-time dispatch and ISO interface
  • Gas requirement coordination
  • Financial transmission rights (FTR) bidding
  • Capacity management
  • Settlement reconciliation
  • Profit and loss (P&L) reporting
  • Outage submittal
  • Common area measures (CAM) administration
  • ISO data submittals (e.g. registration, testing, cost, etc.)
  • Compliance support
  • Electronic quarterly report (EQR) submittals
  • Telemetry/alarm monitoring and response
  • Monitoring and response to ISO/market rule changes

Natural Gas

ENGIE North America is active on all major gas pipelines from Texas to the Northeast. We have storage and transport positions, allowing for enhanced management, optimization, and hedging of gas positions. We can act as an off-taker for natural gas production, or as a supplier for large gas consumers and power plants. Either way, we provide structured solutions to meet our customers’ needs.

We are innovative thought leaders and active market makers for responsibly sourced gas (RSG) and other low-methane-emission-certified gas.

PRODUCTS AND SERVICES

  • AMA and physical market access
  • Hedging
  • P&L sharing structures
  • Pipeline strategy and storage solutions
  • Virtual power plants (VPPs) and commodity finance
  • TEO platform (managing attributes of the environment)
  • RSG energy marketing (physical and digital)

CAPABILITIES

  • Market access
  • Creative solutions in RSG marketing, pricing, tracking, and structuring
  • Support for market participants’ physical and digital ESG ambitions

EXPERIENCE

  • Thought leadership as first movers in low-methane-emissions-certified gas
  • Experience building strong relationships with various stakeholders across the value chain

Global Energy management and sales

The combination of the global reach and strong local presence of ENGIE’s Global Energy Management & Sales team enables us to offer services tailored to the specific needs of our diversified clients. We have:

  • A global footprint across Europe, Asia-Pacific, and the U.S.
  • Activities in more than 50 countries, with eight trading floors in Paris, Brussels, London, Spain, Rome, Houston, Singapore, and Romania

Because we are operating worldwide while remaining attuned to local needs, we are able to respond rapidly to changes in both mature and developing markets.

Wholesale Marketing Map

Our experts provide tailor-made solutions based on a wide range of savoir-faire in energy management, with a strong focus on decarbonation and decentralization.

For more information, see gems.engie.com

Learn more about what ENGIE offers

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About ENGIE
We're on a mission to shape a sustainable future of clean, affordable, resilient energy.
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Renewables
We develop and provide innovative and reliable green energy.
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Solutions
A tailored approach to enable a customer's energy transition.
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ENGIE North America is now delivering power to Walmart through our innovative virtual renewable power purchase agreements (VPPAs). Signed during the past three years in support of more than 500 MW of Walmart’s renewable energy needs in multiple US energy markets, the commencement of these VPPAs is a key element of Walmart’s progress toward its goal of zero emissions from its own operations by 2040.

 

Under the agreements, Walmart is purchasing 166 MW from ENGIE’s Prairie Hill project in Texas and 200 MW from ENGIE’s King Plains project in Oklahoma, where construction completed in late 2020. The energy produced annually matches to portions of electricity load in Walmart stores, Sam’s Clubs, and distribution centers throughout parts of the ERCOT and Southwest Power Pool markets. 

In addition, ENGIE North America will provide 150 MW from its 2020 commissioned Triple H wind project in South Dakota, which brings the combined agreements between Walmart and ENGIE North America to more than 500 MW.  

“This is a powerful collaboration because it allows us to purchase offsite power from three separate windfarms in Texas, Oklahoma, and South Dakota. Together, these facilities are expected to help avoid as much as 1.3 million tons of CO2e of greenhouse gas emissions per year,” said Mark Vanderhelm, Vice President of Energy and Facilities for Walmart Inc.* 

The three projects supported more than 1,000 construction jobs at their peak and are expected to deliver more than $400 million in landowner lease payments, taxes, wages, and donations over the life of the projects. 

Reflecting on the impact to local economy, Vanderhelm said, “Beyond being better for the planet, these facilities also provide more direct benefits by creating local opportunity. They support employment ecosystems all of their own.” 

“We are delighted that our renewable power agreements from these three projects are directly meeting Walmart’s growing needs and expanding our relationship across the country in creative ways,” said Laura Beane, Chief Renewables Officer of ENGIE North America. “Walmart’s leadership in promoting sustainability and reducing its carbon footprint sets an innovative and industry leading example. We are proud to be supporting the path to a carbon neutral future together and to spark collective climate action and drive environmental sustainability.” 

ENGIE’s ambition is to accelerate the transition toward a carbon-neutral world. With nearly 2 GW of additional capacities added to the United States in 2020, we now have more than 3 GW of renewable generation capacity in North America and more than 10 GW of additional renewable energy projects currently under way. This acceleration in the development of renewables contributes to our mission to connect society and companies to clean, affordable, innovative, and resilient energy generation and the infrastructure to support it. 

 

*Mark Vanderhelm, Vice President of Energy and Facilities for Walmart Inc. recently posted a news article that further describes their collaboration with ENGIE North America and Walmart’s bigger journey to being a regenerative company with zero own emissions by 2040. Find out more on Walmart’s website

Houston, Texas – Today, ENGIE announces several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States, Italy and France totaling 650 MW. These Corporate Power Purchase Agreements (PPAs) will exclusively rely upon renewable energy production facilities developed by ENGIE. For ENGIE, this operation is the largest portfolio of agreements signed at once with a single counterparty.

 

These projects align with Amazon’s goal to power its operations with 100% renewable energy by 2030 and reach net zero carbon by 2040. They also demonstrate ENGIE’s expertise across the green energy value chain, from the construction and operation of renewable energy plants, to the sale of energy to industrial customers. In 2019, ENGIE was the #1 global seller of clean energy Corporate PPAs and signed over 2,000 MW mostly in the US but also in Europe, notably in Spain.

In the United States, Amazon’s new renewable energy solar and wind projects with ENGIE represent 569 MW in Delaware, Kansas, North Carolina, Ohio and Virginia. They will supply Amazon with approximately 1,850 GWh of power and with the associated project renewable energy credits (REC’s) annually. During construction, ENGIE will create approximately 300 jobs at each wind facility and 210 jobs at each solar facility. Projects are expected to reach commercial operation in 2021 through 2022.

In Europe, Amazon’s total contracts with ENGIE add up to 66 MW in Italy and 15 MW in France, and are the company’s first utility-scale renewable energy projects in each country. Amazon will purchase renewable energy from two solar facilities located in Southern Italy and another in Southern France to power its European operations.  

“These new projects with ENGIE represent our first utility-scale renewable energy projects in Italy and France in Europe and our first projects in Delaware and Kansas in the United States. They substantially help us on our path to powering our operations with 100 percent renewable energy by 2030,” said Nat Sahlstrom, Director, Amazon Energy. “Working with ENGIE, we are able to add 650 MW of new power to grids in the US and Europe. Our push for more renewable energy is one step toward our goal of reaching net-zero carbon by 2040 as part of Amazon’s commitment to The Climate Pledge.”

“These contracts demonstrate ENGIE’s capabilities to commercialize green energy internationally for our customers. And in North America – as elsewhere – we recognize that bold commitments are needed from global companies and local communities alike to lead the way to clean energy use,” said Gwenaëlle Avice-Huet, ENGIE’s Executive Vice President in charge of the Renewables Business Line and CEO of ENGIE North America. “We are excited to work with Amazon to create a clean, prosperous, low carbon future – and create economic benefits for the communities involved.”

 

About ENGIE  

Our group is a global leader in low-carbon energy and services. Our goal is to accelerate the transition towards a carbon-neutral world by reducing power consumption and providing the most environmentally aware solutions, combining financial profitability with a positive impact on people and the planet. We apply our key businesses (gas, renewable energy, services) to provide competitive solutions for our clients. Our 170,000 employees, clients, partners and stakeholders represent a community of Imaginative Builders, committed to a more balanced daily progress.  

Business volume in 2019: €60.1 billion. The group is listed in the Paris and Brussels (ENGI) exchanges and is also included in the top financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe), as well as non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). 

About ENGIE North America 

ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE S.A. relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress. For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.engie-na.com and www.engie.com.

September 22, 2019 – Santa Barbara, CA – Today ENGIE US Wind announced that it is continuing to service Walmart’s renewable energy needs via an innovative agreement that utilizes two virtual renewable power purchase agreements (VPPAs) to enable building more than 366 MW of wind projects in different US energy markets, all under a single procurement process. This process was important to Walmart as it continues to make progress towards its goal of powering 50 percent of its operations with renewable energy by the end of 2025.

 

Walmart is purchasing 166 MW from ENGIE’s Prairie Hill project in Texas and 200 MW from ENGIE’s King Plains project in Oklahoma, with construction on both sites underway. The energy produced annually matches to portions of electricity load in Walmart stores, Sam’s Clubs, and distribution centers throughout parts of the ERCOT and Southwest Power Pool markets.

“Sourcing from wind energy projects — like these from ENGIE — is a core component in the mix to meet our goals,” said Mark Vanderhelm, Vice President of Energy for Walmart Inc. “The energy we’ll
procure from these facilities represents an important leap forward on our renewable energy journey and reinforces Walmart’s broader mission to spark collective action — alongside key partners — to drive environmental sustainability.”

This deal complements Walmart’s existing VPPA with ENGIE for 150 MW at the Triple H wind project in South Dakota, where construction is also underway. Combined with the existing Triple H deal, the new Prairie Hill and King Plains deals bring Walmart and ENGIE’s collaboration to more than 500 MW of wind power in the US market. Triple H, Prairie Hill and King Plains are part of the portfolio acquired in early 2018 by a subsidiary of ENGIE North America from Infinity Power Holdings, a joint venture between Infinity Renewables and MAP® Energy.

“We are excited to expand our relationship with Walmart in such creative ways,” said Gwenaëlle Avice-Huet, CEO of ENGIE North America and Executive Vice President in charge of ENGIE’s Global
Renewable Business Line. “Walmart’s leadership in promoting sustainability and reducing its carbon footprint in all aspects of its operations has set a truly amazing example for global companies that all should follow. Our companies are fully aligned to build a zero carbon future together.”

ENGIE’s ambition is to lead the zero-carbon transition based on three pillars: Client Solutions across a broadening array of services (including on-site co-generation, heating and cooling networks, public lighting, rooftop solar); Networks to adapt them to future green gas requirements and continue to generate attractive returns and substantial cash flow; and Renewables, with a plan to add 9 GW of renewables capacity to the Group portfolio (2.5 GW in the US) by 2021 (24 GW at the end of 2018).

About ENGIE North America Inc.
ENGIE North America Inc. offers a range of capabilities in the United States and Canada to help customers decarbonize, decentralize, and digitalize their operations. These include comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and a leading energy efficiency services provider in the world, employing 160,000 people. For more information on ENGIE North America, please visit our InstagramLinkedInTwitter, or Facebook pages or www.engie-na.com website. You can learn more about our Engie US Wind subsidiary at https://engieuswind.com.

About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, over 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting https://corporate.walmart.com, on Facebook at https://facebook.com/walmart and on Twitter at https://twitter.com/walmart.

June 12, 2019 – Houston, TX – ENGIE North America Inc. today announced it has entered into a Power Purchase Agreement (PPA) with Target Corp. for 89 MW of capacity from the Sand Fork Solar Project in Texas.

 

Slated to come online in the summer of 2021, the Sand Fork Solar Project will have a total capacity of 200 MW. In addition to providing clean, renewable energy, the Project will have a positive economic impact in the local area, namely through local construction jobs and purchases of local goods and services. The remainder of the Project’s capacity will be purchased by another corporate customer.

The power purchase agreement has a term of 15 years and is estimated to result in annual generation of 250,000 megawatt hours, enough energy to power 250,000 U.S homes for more than a month.

“We truly value the opportunity to support Target in its commitment to source electricity from renewables,” said Gwenaelle Avice-Huet, CEO of ENGIE North America. “By serving Target with the Sand Fork Project, we’re proud to help shape a sustainable future for customers and communities and reinforce our ambition to lead the zero-carbon transition.”

ENGIE’s ambition is to lead the zero-carbon transition based on 3 pillars: Client Solutions across a broadening array of services (including on-site co-generation, heating and cooling networks, public lighting, rooftop solar); Networks to adapt them to future green gas requirements and continue to generate attractive returns and substantial cash flow; and Renewables, with a plan to add 9 GW of renewables capacity to the Group portfolio (24 GW at the end of 2018) by 2021. In this field, ENGIE targets 50% of new renewable projects dedicated to specific customers by 2021 and to play a leading role in next-generation renewable platforms including offshore wind and green gas.

North America will be a key market to reach these ambitions both in Client Solutions and Renewables. The Sand Fork Solar Project will contribute to ENGIE’s goal to build at least 2.5 GW of wind and solar capacities in the next 3 years in the U.S. and Canada. As with the Sand Fork Project, these capacities will be dedicated to specific customers.

About ENGIE North America Inc.
ENGIE North America manages a range of energy businesses in the United States and Canada, including clean power generation, cogeneration, and energy storage; retail energy sales; and comprehensive services to help customers run their facilities more efficiently and optimize energy and other resource use and expense. Nearly 100 percent of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and a leading energy efficiency services provider in the world, employing 160,000 people, including 1,100 researchers. For more information on ENGIE North America, please visit our InstagramLinkedInTwitter, or Facebook pages or www.engie-na.com web site.