Categories:
AI
Data Center
Innovation
News
Optimize Use of Energy and Resources
Press Release
Renewables
Retail
Storage
Wind
Date: 09/17/2026

HOUSTON, Texas – September 17, 2026 – ENGIE North America (ENGIE) today announced renewable energy supply agreements supporting Oracle’s growing operations in Texas, reinforcing ENGIE’s role as a leading provider of energy solutions for large commercial and industrial customers.

Through a portfolio of wind energy resources serving the Electric Reliability Council of Texas (ERCOT) market, ENGIE will help supply up to 568 MW of renewable electricity for Oracle’s Texas operations. The agreements build on ENGIE’s longstanding commitment to delivering energy solutions that are reliable, affordable, and scalable enough to support economic growth, business expansion, and rising electricity demand across the United States.

Over the past six years, ENGIE has grown to approximately 12 GW of new renewable generation and battery storage capacity across North America, helping bring substantial new electricity supply to the grid while providing customers with diverse energy solutions tailored to their needs.

“Our customers are looking for reliable, scalable energy solutions that can support long-term growth,” said Anne-Laure Chassanite, Interim CEO of ENGIE North America. “ENGIE has invested heavily in developing new generation resources across North America, and we’re pleased to support Oracle as it continues to expand its operations in Texas. These agreements reflect the strength of our portfolio and our ability to deliver customized energy solutions that help customers meet their business objectives.”

The agreements draw on ENGIE’s broad capabilities as a renewable energy developer, owner, operator, and energy supplier. By combining substantial owned generation assets with deep market expertise, ENGIE helps customers access energy solutions that support operational growth.

“Oracle is taking a responsible approach to meeting the energy needs of our growing AI and cloud operations in Texas — investing in carbon-free electricity without shifting costs to consumers,” said Julia Robin, Head of Infrastructure Planning and Sourcing for Oracle Cloud Infrastructure. “Our agreements with ENGIE advance Oracle’s goal to match 100 percent of our AI data center electricity use with carbon-free electricity by 2035, while supporting long-term economic growth with no cost impact to the state of Texas .”

“Customers like Oracle are planning for long-term growth in markets where electricity demand is increasing quickly,” Chassanite said. “ENGIE’s role is to help make that growth possible by bringing forward practical energy solutions backed by real assets, market experience.”

About ENGIE North America
Based in Houston, ENGIE North America develops, owns, and operates renewable power, battery storage, flexible generation, and energy infrastructure solutions for businesses and communities across the U.S. and Canada. The company has approximately 12 GW of power generation in operation or under construction across North America, representing $11 billion of capital employed. Through this portfolio, ENGIE North America delivers low-cost, reliable energy to meet rapidly rising power demand, supporting critical operations across the economy, including those of leading technology and consumer companies. ENGIE North America is part of ENGIE, a global energy company with 98,000 employees across 30 countries and the world’s leading provider of long-term renewable energy solutions for corporate customers. ENGIE is publicly traded (ENGI) on the Paris and Brussels stock exchanges. For more information, visit www.engie-na.com or LinkedIn.

Media Contact:

Geof Koss, Director of External Communications, ENGIE North America geof.koss@engie.com

The Center for Resource Solutions honors ENGIE for bringing “temporality” to the renewable energy market — helping customers match renewable energy to their electricity use hour by hour, not just once a year.

HOUSTON, Texas, September 14, 2026 – ENGIE has been recognized with a 2026 Green Power Leadership Award for Market Innovation by the Center for Resource Solutions (CRS) for its work advancing 24/7 renewable energy solutions and helping customers take a more transparent, accountable approach to renewable energy procurement. Awarded in one of the program’s most competitive categories, the honor recognizes ENGIE’s Energy+ 24/7 solution.

The award recognizes ENGIE’s efforts to develop innovative solutions that enable organizations to align renewable energy purchases with hourly electricity consumption, providing greater insight into when and where clean energy is being used. By moving beyond traditional annual renewable energy matching, ENGIE is helping customers better understand and manage the impact of their electricity consumption while advancing their sustainability objectives. Building on the market’s established principles of additionality and locationality, ENGIE’s approach introduces a powerful new dimension — temporality — helping demonstrate that clean energy is being generated in the same hours it is consumed.

“This recognition reflects ENGIE’s commitment to developing innovative solutions that give customers greater transparency, accountability and confidence in their sustainability strategies,” said Anne-Laure Chassanite, Interim Chief Executive Officer of ENGIE North America and CEO of ENGIE Resources. “As the market continues to evolve, we believe the future of renewable energy procurement lies in helping organizations better understand the impact of their electricity consumption and make more informed energy decisions. Our 24/7 offering is helping establish a new standard by combining innovation with practical, scalable solutions that support meaningful progress toward sustainability goals.”

As organizations increasingly focus on the quality and impact of their renewable energy strategies, ENGIE is helping to accelerate adoption of approaches that provide greater insight into the timing and source of renewable energy consumption.

The award also recognizes the contributions of ENGIE’s US Energy+ team, led by Taymur Bunkheila together with colleagues across the organization whose expertise, collaboration and vision continue to advance customer-focused renewable energy solutions.

“This achievement is the result of the dedication and innovation of teams across ENGIE who are continually challenging what’s possible in the energy transition,” Chassanite added. “I am incredibly proud of the Energy+ team and the many colleagues whose passion and expertise have helped bring these solutions to market. Together, they are helping shape the future of clean energy while creating lasting value for our customers.”

The Green Power Leadership Awards recognize organizations and individuals demonstrating leadership and innovation in advancing renewable energy markets and supporting the transition to a more sustainable energy future.

About ENGIE North America
Based in Houston, ENGIE North America develops, owns, and operates renewable power, battery storage, flexible generation, and energy infrastructure solutions for businesses and communities across the U.S. and Canada. The company has more than 11 GW of power generation in operation or under construction across North America, representing $11 billion of capital employed. Through this portfolio, ENGIE North America delivers low-cost, reliable energy to meet rapidly rising power demand, supporting critical operations across the economy, including those of leading technology and consumer companies. ENGIE North America is part of ENGIE, a global energy company with 98,000 employees across 30 countries and the world’s leading provider of long-term renewable energy solutions for corporate customers. ENGIE is publicly traded (ENGI) on the Paris and Brussels stock exchanges. For more information, visit www.engie-na.com or LinkedIn.

www.engieresources.com

Media Contact
[Geof Koss], Director of External Communications ENGIE North America geof.koss@engie.com
###

Access the report

HOUSTON – ENGIE North America (ENGIE), in collaboration with Energy Research Consulting Group (ERCG), today announced the release of the 2026 North American Business Energy Census, its fourth annual report capturing insights from aggregators, brokers, and consultants (ABCs) across North America.

Based on more than 100 survey responses—each representing approximately 5,000+ customer locations—the report provides a comprehensive view of evolving energy market dynamics and customer priorities, highlighting how businesses are navigating rising demand, ongoing price pressure, and a fundamental shift in how energy is sourced, managed, and valued.

“This year’s Business Energy Census reinforces what we’re seeing across the market—energy is becoming a strategic priority as price volatility and demand continue to evolve,” said Anne‑Laure Chassanite, North America B2B Supply CEO at ENGIE Resources. “Organizations are balancing cost management with sustainability goals, reinforcing the need for reliable energy solutions and experienced collaborators to navigate an increasingly complex landscape.”

Key findings from the 2026 Business Energy Census include:

• Energy is now a core business priority, not a support function: Nearly half (48%) of respondents report energy has become more strategic within their organizations, up from 38% in 2025.

• Volatility and price pressure are becoming structural realities: A majority of respondents anticipate higher power and natural gas prices, along with increased volatility.

• Renewables remain central, with greater financial discipline: While 73% of respondents report willingness to pay a premium for renewable energy, the data shows a shift toward solutions that balance sustainability with cost, speed to market, and reliability.

• Businesses are adapting and continuing to invest despite higher costs: Fewer respondents report significant impacts on M&A or expansion activity, indicating that organizations are adjusting strategies and moving forward rather than pausing in response to rising energy prices.

As energy continues to evolve from a cost center into a core strategic consideration, the findings underscore the importance of informed decision making, long-term planning, and access to flexible, reliable energy solutions.

Explore the full report and gain actionable insights to support your energy strategy and business priorities.

###

About ENGIE North America

Based in Houston, ENGIE North America develops, owns, and operates renewable power, battery storage, flexible generation, and energy infrastructure solutions for businesses and communities across the U.S. and Canada. The company has more than 11 GW of power generation in operation or under construction across North America, representing $11 billion of capital employed. Through this portfolio, ENGIE North America delivers low-cost, reliable energy to meet rapidly rising power demand, supporting critical operations across the economy, including those of leading technology and consumer companies. ENGIE North America is part of ENGIE, a global energy company with 98,000 employees across 30 countries and the world’s leading provider of long-term renewable energy solutions for corporate customers. ENGIE is publicly traded (ENGI) on the Paris and Brussels stock exchanges. For more information, visit www.engie-na.com or www.linkedin.com/company/engie-north-america-inc.

ENGIE HQ Press contact:
Geof Koss
Email: geof.koss@engie.com

About ERCG

Energy Research Consulting Group [ERCG] provides business intelligence and consulting services to energy market participants on entry strategies, investment opportunities, and market and policy dynamics. For more information about ERCG’s experience, research, and consulting offerings, please visit www.ercg-us.com.

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.

***************

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

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.

###

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

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

Additional Portfolio Brings Relationship to 3.7 GW of Investment in U.S. Generation

HOUSTON – ENGIE North America (ENGIE) announced that it recently expanded its partnership with Ares Management Infrastructure Opportunities funds (Ares) via the addition of a new almost 1GW portfolio. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

The overall 0.9 GW portfolio consists of three solar projects in operation across ERCOT and MISO, and one co-located battery storage project in ERCOT.

“The expansion of our relationship with Ares reflects the strength of ENGIE’s portfolio of assets and our track record of delivering, operating and financing growth in the U.S.,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “The addition of another almost 1 GW of generation and storage to our existing relationship reflects the commitment both ENGIE and Ares have to meeting growing demand for power in the U.S. and continuing to deploy clean energy.”

ENGIE is a leader in the energy transition and currently has more than 11 GW of renewable production in operation or construction across the U.S. and Canada. Globally, ENGIE has 51 GW of renewables and storage in operation, and targeting 95 GW by 2030.

This transaction supports ENGIE’s strategy of continued investment in North America by deepening its partnership with a leading infrastructure investor, recycling capital to facilitate continued expansion of renewable generation to meet strong demand for power in the U.S.

“We are excited to be expanding our relationship with ENGIE through this latest transaction,” said Steve Porto, Partner in Ares’ Infrastructure Opportunities strategy. “We have seen first-hand the ENGIE team’s strength as an operator, and the growth of this partnership reflects our shared confidence in the value proposition of this diversified portfolio and opportunities ahead in the infrastructure sector.”

 

###

 

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 Ares Management

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation’s global platform had over $525 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

 

Contacts:

 

ENGIE North America

Michael Clingan, External Relations

Michael.clingan@external.engie.com

832-745-6057

 

Ares Management

Jacob Silber | Brennan O’Toole

media@aresmgmt.com

Another year of strong operational and financial performance
Proposed dividend of €1.48 per share for 2024

Business highlights

  • Record level of activity in Renewables with 4.2GW added in 2024, bringing total capacity to 46GW1
  • Acceleration in battery storage with more than 5GW of capacity in operation or under construction at 31 December 2024
  • Expansion in power transmission with the award of close to 1,200km in Brazil and Peru
  • Continuous progress in our Net Zero 2045 trajectory with a 55% reduction in GHG emissions from energy production compared to 2017 to 48Mt in 2024.
  • Approval by the European Commission of the final agreement on Belgian nuclear

 

Financial performance

  • High end of the 2024 Guidance achieved with NRIgs2 of €5.5bn, an organic increase of 3.4%
  • EBIT excluding nuclear of €8.9bn, down 5.6% organically versus a high 2023 basis for comparison
  • Strong CFFO3 generation at €13.1bn
  • Maintaining a solid balance sheet with economic net debt to EBITDA ratio at 3.1x stable vs. end-2023
  • Net financial debt and economic net debt at €33.2bn and €47.9bn respectively
  • Proposed increased dividend of €1.48 for 2024, corresponding to a pay-out ratio of 65%

Read more >> 

ENGIE in the top 50! The Group lies in 46th place in the World’s Best Companies 2024 ranking published by Time magazine and Statista. What’s more, in France the Group is in the top 5.

Published by the American weekly magazine Time in partnership with Statista, a leading international provider of market and consumer data and rankings, the World’s Best Companies 2024 ranking evaluates the world’s 1,000 top performing companies according to three key criteria: employee satisfaction, revenue growth and sustainability performance (ESG criteria).

ENGIE stands out this year, ranking 46th worldwide, compared with 57th place last year. This improvement is largely due to the growth rate of the company, reflecting its ability to innovate and to adapt in a constantly changing sector.

In France, ENGIE has climbed to 5th place, in particular thanks to its Net Promoter Score (NPS), an indicator that measures overall positive customer and employee perception of the company.

This good score illustrates the Group’s commitment to providing a caring and inclusive working environment as well as its social model which reconciles economic performance with a positive impact on people and the planet.

HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

The overall 2.7 GW portfolio consists of 15 projects in operation across ERCOT, MISO, PJM and SPP, of which 53% is solar, 25% wind and 22% co-located battery storage capacity.

“We are delighted that ENGIE and Ares will be partners in such a large-scale renewables and co-located storage portfolio to further accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The investment by Ares reflects ENGIE’s proven and recognized track record in developing, building, operating and financing renewable assets, both in North America and globally”.

ENGIE is a leader in the net zero energy transition and currently has more than 8 GW of renewable production in operation or construction across the U.S. and Canada. Globally, ENGIE has an aspiration to add 4 GW per year through 2025, with North America as a material contributor to that growth. This transaction supports ENGIE’s strategy in North America by simultaneously recycling capital and adding a leading infrastructure investor to ENGIE’s select pool of partners.

“We are thrilled to be partnering with ENGIE, a global leader in clean energy, on this highly contracted, attractive portfolio,” said Steve Porto, Partner in Ares’ Infrastructure Opportunities strategy. “This partnership provides diversification across proven technology and geography at scale alongside a strong operator. We look forward to continuing to provide the capital and experience needed to support the energy transition and build-out of climate infrastructure.”

###

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

About Ares Management
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation’s global platform had over $447 billion of assets under management, with more than 2,950 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.