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Ferguson and ENGIE Collaborate on New Renewable Energy Project

The 65 MW Century Oak Wind agreement will generate the power equivalent to the annual electricity needs of more than 34,000 average U.S. homes.

HOUSTON – Ferguson and ENGIE North America (ENGIE) announced today a 65 MW Virtual Power Purchase Agreement (VPPA) from ENGIE’s Century Oak wind project located in Callahan County, Texas, 160 miles west of Dallas.
This VPPA between ENGIE and Ferguson, a leading value-added distributor providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more, is expected to generate enough clean wind power to match a significant portion of Ferguson’s annual electricity use in the United States and Canada.

The agreement with ENGIE, a subsidiary of ENGIE S.A., a global leader in the transition to renewable energy, is part of Ferguson’s strategy to reduce its environmental footprint through fleet management, energy-efficient upgrades across its facilities, investing in onsite solar and seeking offsite renewable energy opportunities. The agreement is expected to generate enough power to meet the annual electrical needs of more than 34,000 average U.S. homes – or in more everyday terms some 700,000 ENERGY STAR kitchen refrigerators!
Schneider Electric also supported the Ferguson and ENGIE collaboration, through its VPPA advisory services on the project, managing the strategy and other ongoing negotiations throughout the total process.

“Century Oak reflects our commitment to reducing our environmental impact across our operations and represents a significant milestone for our business,” said Denise Vaughn, Vice President Environmental, Social and Governance, Ferguson. “We are delighted to work with ENGIE and Schneider Electric on Century Oak which delivers renewable, reliable and cost-effective energy to the grid.”

The Century Oak wind project is part of ENGIE’s almost 7 GW of wind, solar and storage in operation or construction across North America. The 153 MW project will become a long-term contributor to the 13,000 residents of the Callahan County community. The project is expected to generate tax revenues of around $14 million to support county services and an additional $19 million in revenues to the local School district, supporting teachers and educational infrastructure over the 30-year life of the project.
“We are honored that Ferguson chose ENGIE to be part of their energy transition and the role Century Oak will play in their sustainability journey,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “These are long-term projects that will not only produce renewable power, but provide jobs, tax revenues and economic growth, and we are privileged that the Callahan County community is part of this journey. We have activities in more than 100 counties across the U.S. and Canada – the energy transition is really one that will be powered by communities across the continent.”

The energy transition is creating opportunities across many communities in the U.S. where key elements of the project’s 45 GE Turbines were constructed, and locally with an estimated 300-400 skilled construction professionals engaged in project construction. The project is also somewhat local for Ferguson, who employs 3,000 associates across Texas.

Both Ferguson and ENGIE are focused on building a sustainable pipeline of skilled trade professionals through investment in training and attracting talent to both traditional trades, as well as the fast-growing needs of the renewable energy sector. Ferguson Cares and ENGIE’s local relationships with technical schools and other institutions underpin their support for the development of a skilled future workforce.
Construction is underway at Century Oak, creating 300-400 temporary jobs, while up to six new permanent roles and additional 3rd party specialists will support local operations over the life of the project. The project is expected to be completed by the end of 2023.

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About Ferguson
Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor in North America providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more. We exist to make our customers’ complex projects simple, successful and sustainable. Ferguson is headquartered in the U.K., with its operations and associates solely focused on North America and managed from Newport News, Virginia. For more information, please visit www.corporate.ferguson.com or follow us on LinkedInhttps://www.linkedin.com/company/ferguson-enterprises.

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


Contacts:

ENGIE North America
Michael Clingan, Press Relations
Michael.clingan@external.engie.com

Ferguson
Christine Dwyer, Senior Director of Communications and PR
Christine.dwyer@ferguson.com

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GetBlok Farms© Enters Renewable Energy Agreement with ENGIE

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


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

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

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

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

*According to EPA Greenhouse Gas Equivalencies Calculator.

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

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

SOURCE ENGIE Resources

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

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

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

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

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

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

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

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BKV and ENGIE Collaborate to Introduce Carbon Sequestered Gas

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

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

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

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

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#1 Global Developer Selling Corporate Clean Energy

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

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

Read the full BloombergNEF report.

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

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

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


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


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


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


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


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

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

 

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

 

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

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

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


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

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

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

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

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

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

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

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

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

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About the ENGIE Group

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

About Solstice

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

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

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ENGIE H1 2023 Results

Business Highlights

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

Financial Performance

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

 

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

 

For full details, visit our report here

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Entergy Texas and ENGIE partner to explore sustainable power solutions

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

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

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

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

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



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


About the ENGIE Group
The ENGIE Group (made up of ENGIE S.A. and its subsidiaries and affiliates) is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. ENGIE S.A. (ENGI), is listed on the Paris and Brussels Stock Exchanges.

In North America, ENGIE companies have delivered integrated, innovative energy solutions to public and private organizations for nearly half a century. We employ approximately 3,000 people focused on enabling our customers to become more sustainable and achieve their decarbonization targets through expert project delivery and competitive solutions. For more information on ENGIE in North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

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2023 Business Energy Census

Access the report

Results identify key trends within retail energy market

HOUSTON – ENGIE Resources (“ENGIE”), a leading commercial electricity provider and America’s Energy Greentailer™, has teamed with Energy Research Consulting Group (“ERCG”) to develop the inaugural North American Business Energy Census. The study measures, tracks and uncovers insights from aggregators, brokers, and consultants (“ABCs”) through survey results on current and future trends on energy and sustainability. The findings are based on feedback from ABCs who represent approximately 950,000 customer locations in the U.S.

ENGIE, an affiliate of ENGIE North America Inc. and part of the ENGIE Group, a leader in the Net Zero energy transition, aims to fill a void in the energy space with insight into different topics including price, behavior and market structure while also filling gaps in market intelligence through the Business Energy Census results.

“This census is the result of months-long research that included extensive surveys with responses from a range of firms varying in geography, revenue, and business model,” said J.D. Burrows, Vice President Customer Analytics and Engagement at ENGIE. “This comprehensive, annual survey report will help provide a better roadmap for the future of energy in North America and provide the knowledge and tools to help energy decision-makers stay ahead of the curve.”

The commercial – or B2B – energy market is a dynamic landscape that is constantly changing due to various domestic and global factors. Four key trends with implications and opportunities for each were uncovered in the North American Business Energy Census.

Trend One – Energy: A Surging Force in Business – The report revealed 51% of organizations view energy as more strategic in organizations over the past year. The increasing role of energy in strategic planning emphasizes the importance of energy managers and Chief Sustainability Officers as key contributors to corporate decision-making and long-term growth.

Trend Two – Progress or Profits? A Balancing Act – Results showed that more than 70% of customers are willing to pay some premium for renewable energy supply. However, 56% are only willing to pay a small premium of 1-5% as customers seek balance between sustainability goals and price sensitivity.

Trend Three – Growth Amid Chaos: Energy Volatility in M&A and Expansion – 54% of customers report energy prices and volatility have some impact on major initiatives such as mergers, acquisitions and expansions.

Trend Four – Adapting to Evolving Energy Price Trends – There is a general agreement amongst ABC firms that energy price volatility and energy prices will increase in the coming months. Price predictions vary based on the geographic location of ABC firms. Mid-Atlantic and Midwest-based firms predict higher energy prices in 2024 while New York and New England-based firms predict lower prices. Regardless of region, every ABC firm is expecting higher energy price volatility next year.

“Based on the fantastic turnout in the survey, there is clearly some pent-up demand for actionable intelligence on energy topics at the intersection of price trends and sustainability,” said Young Kim, Principal, Energy Research Consulting Group (ERCG). “ERCG is proud to support ENGIE Resources in these efforts to provide research and insights sourced from the ABC community, who have their fingers on the pulse of customer needs and pain-points.”

Overall, the energy industry is rapidly evolving and the growing importance of energy management for businesses is emphasized in the inaugural North American Business Energy Census findings. ENGIE Resources provides these results to encourage discussion and increase confidence in energy and sustainability strategies. To view the complete survey report, visit engie-na.com/2023census.

Census Report Graphs

 

Launched in 2023, this analysis contains insights that are the first of its kind in the energy industry.

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

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About the ENGIE Group
The ENGIE Group (made up of ENGIE S.A. and its subsidiaries and affiliates) is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. ENGIE S.A. (ENGI), is listed on the Paris and Brussels Stock Exchanges.

In North America, ENGIE companies have delivered integrated, innovative energy solutions to public and private organizations for nearly half a century. We employ approximately 3,000 people focused on enabling our customers to become more sustainable and achieve their decarbonization targets through expert project delivery and competitive solutions. For more information on ENGIE in North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

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

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

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