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ENGIE Energy Marketing and Range Resources Corporation Announce Responsibly Sourced Natural Gas Deal

HOUSTON and FORT WORTH, Texas – ENGIE Energy Marketing NA, Inc. (“ENGIE Energy Marketing”) and Range Resources Corporation (NYSE: RRC) (“Range”) today announced an ongoing transaction for natural gas produced under higher environmental, social and governance (ESG) standards.

 

Range, one of the largest U.S. natural gas producers focused on Marcellus Shale development, produces Responsibly Sourced Gas (RSG) certified by Project Canary, a Denver-based Public Benefit Corporation focused on providing continuous emissions monitoring data and environmental assessments. ENGIE Energy Marketing is a subsidiary of global energy utility ENGIE S.A. with ambitions to be the leader in the energy and climate transition.

Responsibly Sourced Gas is natural gas produced while respecting environmental and social standards along with best practices to minimize methane emissions and overall environmental footprint.  Independent third-party certification validates that the natural gas is produced in accordance with these expectations.

ENGIE Energy Marketing, a wholly-owned subsidiary of ENGIE S.A. (“ENGIE”), will leverage its blockchain-based platform, The Energy Origin (TEO), in marketing the RSG. TEO enables ENGIE Energy’s downstream customers to securely trace the certificates representing the RSG’s low methane emissions attributes.

“ENGIE is committed in our fight against the energy and climate challenges facing the world today and is proud to drive the rapidly growing market for responsibly sourced gas and high ESG performance products,” said Ken Robinson, President of ENGIE Energy Marketing. “We expect continued expansion of these new markets as part of the response to the energy transition. More transparency and collaboration will foster more innovation, allowing this industry to contribute positively to reduce CO2 emissions and transition to a low-carbon future.”

“Natural gas is part of the global solution to meeting growing energy needs while helping to reduce overall carbon emissions.” said Jeff Ventura, Range’s Chief Executive Officer. “Our natural gas is produced with a focus on environmental responsibility and transparency. We believe this certification process and supply agreement highlight the advancements we have made in the Marcellus and more broadly reflect the expanded role that natural gas will have for decades to come.”

Project Canary will provide monitoring equipment and related technologies to verify low methane emissions, and independent RSG certification through its TrustWell™ process for Range operations in the Appalachian Basin.  Project Canary applies science, technology and data in providing real-time, continuous air emissions monitoring and through its TrustWell™ certification process, which independently reviews, verifies and scores over 600 engineering and operational aspects of natural gas production and delivery categories including air, water land and community.

“Accelerating the energy transformation requires data, innovative technology, and the right partners,” said Project Canary Co-Founder and CEO Chris Romer. “The market is demanding verified molecules. If we can account for how those dense energy molecules are produced, we’ll be able to drive a cleaner, better way of doing things. Responsibly sourced gas will play a critical role in achieving sustainability targets.”

 

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About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and nonfinancial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

 

The Energy Origin (TEO) is the in-house startup platform developed by ENGIE S.A.. TEO is bringing trust and transparency to low carbon energy tracking. Built on top of blockchain technology, TEO offers services on green power, natural gas in more than 8 countries.  Its smart contract is audited by Bureau Veritas Exploitation.  For more information on TEO, see www.theenergyorigin.com

 

About Range Resources

Range Resources Corporation (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in stacked-pay projects in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.

 

About Project Canary

Project Canary is a climate tech company that provides trusted, independent, and verified environmental data to track, measure, and score the “E” in ESG across an enterprise’s operational value chain. They are the leaders in providing dynamic environmental ratings using real-time monitoring data at the facility level to assess and improve operating practices and provide science-based and technology-enabled measurement of emission profiles, including methane. Formed as a Public Benefit Corporation, Project Canary’s team of scientists, engineers, and seasoned industry operators have earned recognition for their uncompromising standards, including being named “Best for the World” B Corp. projectcanary.com. 

 

Contacts:

ENGIE Energy Marketing NA, Inc.

Michael Clingan, Press Relations

Michael.clingan@external.engie.com

 

Range Resources Corporation

Laith Sando, Vice President – Investor Relations

lsando@rangeresources.com  

 

Project Canary

Brian Miller, Vice President Growth and Policy

Brian.Miller@ProjectCanary.com

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Branch Energy and ENGIE Energy Marketing Announce $40M Wholesale Power Supply Facility Agreement

(HOUSTON)- Branch Energy, a technology-focused green energy provider, and ENGIE Energy Marketing, NA, Inc (“ENGIE Energy Marketing”), a subsidiary of ENGIE S.A. (“ENGIE”), today announced a $40M strategic non-dilutive wholesale power supply facility. The agreement will provide Branch Energy with access to U.S. wholesale energy markets and working capital, as well as the ability to leverage ENGIE Energy Marketing’s extensive renewable energy platform.

 

Branch Energy both sells electricity with an easy-to-use platform and leverages data and artificial intelligence (AI) to determine which smart devices will help reduce a consumer’s energy bill the most and helps to coordinate the installation and financing of the devices. This combination of green energy and energy-monitoring smart devices not only saves consumers money but also reduces their carbon footprint.

 

“ENGIE has one of the fastest growing portfolios of renewable generation assets in North America which makes it the perfect partner to help us grow,” said Daniel MacDonald, Branch Energy President. “We are thrilled with the far-reaching impact this will allow Branch to have.”

 

Earlier this year, Branch Energy launched its first market in Texas. The new facility will enable the company to accelerate its growth in the state and to expand into markets across North America.

 

“ENGIE has made some of the most aggressive commitments in the industry to cutting carbon emissions and expanding renewable generation,” said Ken Robinson, ENGIE Energy Marketing President. “Partnering with retailers who have committed to 100% carbon-free power is directly aligned with these commitments, and we are delighted to be partnering with Branch Energy.”

 

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About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and nonfinancial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

 

About Branch Energy

Branch Energy is a green energy provider dedicated to helping consumers lower their monthly bills and carbon footprint through the use of smart technology. Through data analysis and the use of AI, the company pinpoints which smart devices will offer the most help to reduce a consumer’s bill, and then helps them finance and install those devices. Learn more at www.branchenergy.com.

 

Media Contacts:

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

IDPR: Amanda Withers, amandaw@interdependence.com, (702) 412-8286

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Ocean Winds, an ENGIE JV, secures 400 MW PPA in the US

ENGIE is pleased to announce that Ocean Winds, its 50/50 joint venture with EDPR dedicated to offshore wind, has secured a 400 MW Power Purchase Agreement (“PPA”) for Mayflower Wind, the 50/50 joint venture company owned by Ocean Winds and Shell New Energies, to deliver clean offshore wind energy to Massachusetts.

 

These 400 MW of PPA are on top of the already 804 MW PPA secured capacity by Mayflower Wind announced in 2019. In total, Mayflower Wind has now c. 1,200 MW of secured capacity, to provide clean energy to customers throughout Massachusetts.

With today’s announcement, Mayflower Wind will start development of the federal lease area and continue pursuing additional energy contracts to cover its total seabed lease rights of 2,000 MW. Subject to a future investment decision, operations are expected to be commissioned in the mid-2020s.

“We are very proud that Ocean Winds and its partner have secured a 400 MW PPA, awarded by the Commonwealth of Massachusetts, through Mayflower Wind. The US market and offshore wind are two main priorities within ENGIE’s strategy in Renewables, and will contribute significantly to reach the Group’s ambitious target to scale up from 31 GW by the end of 2020 to 50 GW in 2025 of renewable capacity”, said Paulo ALMIRANTE, ENGIE Senior Executive Vice President, in charge of Renewables, Energy Management and Nuclear Activities.

With this PPA, ENGIE’s offshore wind under construction or secured capacities reach 4 GW, in addition to the 0.5 GW already operating.

 

 

About ENGIE

 

Our group is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition “as a service” for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions.

With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

 

ENGIE HQ Press contact:

Tel. France: +33 (0)1 44 22 24 35

Email: engiepress@engie.com

Twitter:     ENGIEpress

 

Investors relations contact:

Tel.: +33 (0)1 44 22 66 29

Email: ir@engie.com

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ENGIE Commissions Final Project in 2.3 GW U.S. Renewables Portfolio Jointly Owned with Hannon Armstrong

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Thirteen Combined Wind and Solar Projects Deliver Abundant Clean Energy and Quality Jobs Across Five States

HOUSTON, TX and ANNAPOLIS, MD – ENGIE North America Inc. (“ENGIE”), a leader in developing and managing renewable energy projects, and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong”) (NYSE: HASI), a leading investor in climate solutions, today announced operational completion of their 2.3-gigawatt (GW) portfolio of wind and utility-scale solar projects.

 

The final renewable project, a 50 MW solar farm in Virginia, was commissioned and transferred into the portfolio partnership previously announced by ENGIE and Hannon Armstrong. In all, there are 13 renewable projects online – including 1.8 GW of onshore wind and 0.5 GW of utility-scale solar photovoltaic (PV) projects. They are estimated to be producing enough renewable energy on the grid to provide power to the equivalent of over 500,000 homes in the U.S.

 

The nine wind and four solar projects, which were constructed from late 2019 through the fall of 2021, supported more than 3,500 mostly local jobs during the construction phase. ENGIE not only developed the complex portfolio of projects, but they will also be the operator – meaning long-term relationships with local communities over the coming decades. The projects will provide long-term property tax revenues in 15 counties across five states supporting services and growth in these largely rural American communities.

 

“We are delighted to commission our final project in this complex portfolio. That was an ambitious project and the team delivered– both in ENGIE and Hannon Armstrong,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The energy transition requires innovative, large-scale actions like this to accelerate our pace to meet the climate challenges. Our successful delivery of this world-class portfolio of renewable projects demonstrates what can be done when you have the right team and the right partners.”

 

ENGIE is not only focused on increasing its renewable platform in the U.S., but also on reducing the carbon intensity of other industries such as universities, cities and the transportation sector. As such, each of the 13 projects has off-take agreements with customers, where the renewable energy generated is supporting delivery of commitments to a lower carbon future.

 

The innovative portfolio equity partnership with Hannon Armstrong reflects the importance of developing large-scale financial relationships to support renewable growth.

 

“Achieving the final commissioning of this landmark multi-gigawatt renewable portfolio was only made possible through the incredible collaboration and best-in-class execution of our valued partners at ENGIE,” said Hannon Armstrong Chief Client Officer Susan Nickey. “We share a common mission to accelerate the rapid adoption of climate solutions, and we believe this portfolio of projects is a model example of what can and must be done at scale to meet our country’s ambitious decarbonization goals with clean and reliable energy.”

 

ENGIE’s scale and Hannon Armstrong’s leadership have demonstrated what can be achieved. This 2.3 GW portfolio is part of ENGIE North Americas’ more than 3 GW of renewable generation in the U.S. today with a pipeline of 10 GW of growth projects.

 

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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 170,000 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 Hannon Armstrong

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $8 billion in managed assets, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.

 

Media Contacts:

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

Hannon Armstrong: Gil Jenkins, media@hannonarmstrong.com (443) 321-5753

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NJIT Partners with ENGIE North America to Source Electricity from Renewable Sources

NEWARK AND HOUSTON – New Jersey Institute of Technology (NJIT) and a subsidiary of ENGIE North America, announced today that the university will purchase renewable energy from a portfolio of hydropower facilities equal to nearly 100% of its forecasted electricity consumption. This agreement achieves one of the strongest commitments for renewable power procurement in a retail energy purchase.

“NJIT’s commitment to sustainability is a main pillar of our strategic plan,” said Andrew P. Christ, senior vice president Real Estate Development and Capital Operations. “Through the procurement of energy from sustainable resources, the university will reduce its carbon footprint as part of its orientation to integrate sustainability into our community’s daily life.” 

ENGIE Resources and Premier Energy Group jointly designed a unique solution that will help NJIT achieve its pursuit of and progress toward making sustainability an institutional learning goal embedded throughout the campus experience and academic curriculum.

For 2022, NJIT shall purchase approximately 43,800 megawatt-hours of supply of renewable, clean generation from the Smoky Mountain Hydropower portfolio located along the North Carolina-Tennessee border. The hydropower portfolio is owned and operated by New York-based Brookfield Renewable U.S.

The agreement includes the purchase of an equivalent number of Renewable Energy Certificates (RECs) from the Smoky Mountain Hydropower portfolio. By investing in RECs, NJIT is helping increase demand for renewable energy, encouraging the development of new renewable energy projects, and providing generator owners with additional revenue that goes beyond selling the facility’s electricity.

The renewable energy in this agreement avoids more than 31,000 metric tons of CO2 emissions over the span of the contract, which represents the equivalent carbon capture of over 38,000 acres of forest.*

The renewable energy deal is part of a larger sustainability campaign at NJIT that reduces energy and mitigates waste through efforts such as a future expansion of on-campus renewable energy generation through the installation of a 500 kW solar panel field on the Wellness and Events Center and a university-wide food composting program.

“Hydropower is clean and affordable. It’s the world’s largest source of renewable electricity generation, and the only energy source that creates recreational opportunities,” said Sayun Sukduang, Chief Executive Officer at ENGIE Resources. “NJIT is a perfect partner to help promote sustainability through the next generation of leaders.”

The Smoky Mountain Hydropower portfolio consists of four hydropower facilities located along the Little Tennessee and Cheoah rivers in Tennessee and North Carolina, with a total installed capacity of 375 megawatts. The facilities are certified by the Low Impact Hydropower Institute in recognition of the suite of stringent science-based environmental protection standards and social and cultural criteria that the generators meet.

*EPA Greenhouse Gas Equivalencies Calculator

 

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About NJIT

One of only 35 polytechnic universities in the United States, New Jersey Institute of Technology (NJIT) is a top-tier research university that spurs economic growth and prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT is one of only 131 universities rated an “R1” research university by the Carnegie Classification®, which indicates the highest level of research activity. NJIT conducts more than $155 million in research activity each year and has a $2.8 billion annual economic impact on the State of New Jersey. Ranked No. 1 nationally by Forbes for the upward economic mobility of its lowest-income students, NJIT also is ranked in the top 2% of colleges and universities nationally for the mid-career earnings of graduates, according to PayScale.com. NJIT is ranked No. 39 nationally by The Princeton Review as a Best Value College and is rated among the top 50 public colleges and universities nationwide by U.S. News & World Report.

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. is a global reference in low-carbon energy and services, that relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, the group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions.

About Premier Energy Group

Premier Energy Group, LLC is a leading energy consulting and brokering company with headquarters in Middlesex, New Jersey. Services include energy procurement and energy management for commercial and industrial customers throughout the United States, with a primary focus on the Northeast and mid-Atlantic regions. With extensive experience in the utility and deregulated energy industry, Premier Energy provides customized energy management strategies.  For more information, visit www.premierenergygroup.com.

About Brookfield Renewables U.S.

Brookfield Renewable U.S., based in New York City, is a leading owner, operator and developer of renewable power, delivering innovative renewable power solutions that accelerate the world towards a sustainable, low-carbon future. Our diversified portfolio of hydropower, wind, solar and storage facilities extends across 34 states, totaling approximately 8,050 megawatts of generating capacity. Brookfield Renewable U.S.’s generating, trading and marketing businesses are a part of Toronto-based Brookfield Renewable Partners L.P., (NYSE: BEP; TSX: BEP.UN), one of the world’s largest publicly traded, renewable power platforms.

 

Media Contact:

NJIT: mediarelations@njit.edu, (973) 596 3172

ENGIE North America: Andrea Sanchez, andrea.sanchez@engie.com, (888) 364 4334

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EEI Destination 2050 Dialogues

Thoughts from Dave Carroll, Chief Renewables Officer, ENGIE North America.

I was honored to participate on an EEI Panel recently as part of the Destination 2050 series of events in preparation for COP 26.

The panel focused on decarbonization “moonshots”. While “moonshots” often imply innovation into completely uncharted territory, the panel chose to focus on the tremendous opportunity to support the energy transition by capitalizing more rapidly and consistently implementing technologies and approaches that already exist to the uncharted territory of a net zero carbon economy.

 

I shared thoughts on four areas:

  • Pairing storage alongside new and existing renewable production
    This will be key in achieving net-zero, using existing interconnections and helping to smooth intermittency allowing better matching of demand and supply at greater cost efficiency. ENGIE is already implementing paired storage and assessing further opportunities for storage alongside our development pipeline, including opportunities for 2GWh of storage in MISO and PJM. The “moonshot” will be providing grid stability and baseload capacity through a higher penetration of these “hybrid” locations.

 

  • Investments in transmission infrastructure to better connect centers of production (including offshore wind) with centers of power demand
    The current Infrastructure Bill is a step forward in recognizing the importance of our transmission system to effectively match demand and supply. Technology on the production end is introducing larger generation opportunities and faster deployment of modern transmission infrastructure will be key in unlocking that potential. The “moonshot” is recognizing that we need to fix the supply chain challenge that is the current grid.

 

  • The development of green hydrogen to help accelerate hard to access end users in transport and industry
    While electrification will be key to the transition of many sectors, hydrogen can unlock hard to get at sectors such as heavy transit and industrial demand. Green hydrogen can also provide an effective “battery”. using advances in electrolysis and adapting current technologies such as gas turbines unlocks a path to meet demand. The ‘moonshots” here include supportive government policies, early adoption by industry and collaborations such as the one between ENGIE and Anglo American to provide green hydrogen to power mining operations.

 

  • Recognizing the role of renewables in communities
    Both in job creation as well as neighbors. With an expected 500,000 to 600,000 new jobs in renewables by 2030 on top of the 400,000 existing, our sector is becoming a major part of local communities. Our investments in the skills and training needed to deliver the energy transition provide a unique opportunity to support local economic growth, especially in more rural communities where renewables will be neighbors for decades to come. At ENGIE our on-site staff are members of the community, and we are invested in seeing these communities thrive. This is a goal that the renewable energy industry is already delivering on and will continue to do so.
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ENGIE Supports CanREA’s Vision 2050

Underscores critical and practical steps needed on Canada’s journey to net-zero

 

ENGIE North America, as a long time board member and supporter of Canadian Renewable Energy Association (CanREA) and its predecessors, fully supports the critical and practical steps set out in CanREA’s recently released [Vision 2050] to transform Canada to net-zero by mid-century.

CanREA’s Vision lays out clear recommendations on the transition needed not only in the further development of renewable resources such as wind and solar, but just as important, the increased electrification of the Canadian economy, modernized grid infrastructure and relevant regulatory frameworks that will be required to support and accelerate a net-zero future.

ENGIE North America is a leader in developing and managing renewable energy projects and is proud to have operated renewable wind and solar production in Canada since 2007, from our turbines on Prince Edward Island across the country to Cape Scott on Vancouver Island. As a developer and operator, we understand what it means to be part of communities for the long term. The community and stakeholder engagement elements of CanREA’s vision form a key part of how the vision can translate into benefits for all those playing a role to address the climate challenges we face.

As organizations, provinces, cities and communities increasingly demand opportunities to accelerate their own journeys towards net-zero, CanREA’s Vision 2050 provides an inclusive approach to meeting those demands.

“The proposals laid out in CanREA’s Vision 2050 are both critical and practical steps to accelerating Canada’s journey to Net-Zero.” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The deployment of renewables must be accompanied by the transformation of the electrical infrastructure and regulatory frameworks that will turn this vision into reality. The CanREA Vision provides a clear path forward on what is needed.”

“Bringing our net-zero vision to reality will require a unique collaboration between multiple stakeholders across Canada and we welcome the commitment and dedication of CanREA members like ENGIE North America,” said Robert Hornhung, CEO CanREA.

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. is a global reference in low-carbon energy and services, that relies on their key businesses (gas, renewable energy, services) to offer competitive solutions to customers. With 170,000 employees, customers, partners and stakeholders, the group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions.

Media Contact:

ENGIE North America: Sandrine Deparis, sandrine.deparis@engie.com, (202) 855-3705

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BU turned to Edison Energy, who identified the Triple H Wind Project to help reach its 2040 target

In 2017, Boston University (BU) approved a bold Climate Action Plan to reach carbon neutrality across its campuses by 2040 and to prepare its campuses for the impacts of climate change.

 

The plan–which is a decade ahead of a similar effort by the City of Boston–involves energy efficiency upgrades, shifting to electricity for heating and cooling where possible, as well as purchasing power from renewable energy resources.

Because the University did not have the option for large-scale on-site renewables due to its dense urban setting, it opted instead for a virtual power purchase agreement (VPPA) that included significant emissions reduction impacts and critical economic benefits.

BU turned to Edison Energy, who identified the Triple H Wind Project to help reach its 2040 target.

Located in Hyde County, South Dakota, the 250 MW wind farm–which came online last year and was developed by renewable energy provider ENGIE North America and its affiliates —is expected to reduce BU’s carbon emissions by 53%. Sited in a rural area where large-scale energy projects bring much-needed economic support, the wind farm will generate approximately $36 million in state and local tax revenue over its lifetime.

BU’s contracted 48.6MW of capacity from the Triple H Wind Project is expected to produce 205,000 Green-e Certified RECs (Renewable Energy Credits) each year. The University will receive and retire the RECs to claim credit for the emissions reductions from the wind farm.

“This is a trend we’re seeing with many different customers,” said Laura Caspari, VP, Head of Power Marketing and Commercial Strategy at ENGIE North America. “At universities and colleges, there is significant grassroots pressure from students for those institutions to set and attain meaningful sustainability goals and they are seeking PPAs to meet those goals. The institutions have large energy consumption and socially conscious campuses and stakeholders, which form the impetus for that kind of change. BU was a little ahead of others, which puts them at the forefront to a certain extent.”

Caspari also noted an uptick in aggregated procurements, where multiple campuses aggregate their electricity demand and then enter into a joint PPA.

“The grid where the Triple H Wind Project resides is within the Southwest Power Pool (SPP), and that’s a grid that relies heavily on coal power–more than some other parts of the U.S.,” she said. “The impact of the Triple H Wind Project supplanting coal emissions is higher in that area. It reduces the need to dispatch coal plants in the region, so it reduces regional greenhouse gas emissions (GHG) and of course that improves the local air and water quality and increases biodiversity.”

The SPP has members in 14 states and lists coal as the top fuel type for energy production, coming in at 38.6%. The region also generates 29.5% of its power from wind resources, indicative of a growing trend in the region.

South Dakota’s total electricity net generation in 2020 was almost two and a half times greater than it was in 2008, primarily because of increased generation from wind, hydropower, and natural gas, according to the U.S. Energy Information Administration (EIA). In 2020, hydroelectric power accounted for half of the state’s net electricity generation, while remaining generation came almost entirely from wind, coal, and natural gas.

Last year, wind power supplied about one-third of South Dakota’s total electricity generation, with the state currently hosting approximately 25 large-scale wind farms along with many smaller wind projects, resulting in nearly 3,000 MW of installed wind energy.

 

Economic benefits

With South Dakota largely dependent on agriculture, local economies are particularly sensitive to world commodity prices and weather. The Triple H Wind Project has helped drive local and regional economic benefits, adding significant revenue to farming operations.

Rural landowners and farmers who host or live near the wind farm receive payments through easement agreements. Because only a small portion of the land under lease is used for the wind farm, agricultural operations can continue largely undisturbed.

The wind farm also resulted in 400 jobs during the construction phase, 11 full-time permanent jobs during project operation, and robust spending at local stores, hotels, and restaurants.

Together with millions in taxes over the life of the project, and donations to local entities, the wind farm is expected to provide more $130 million in local economic benefits.

For ENGIE North America, the success of a project is also judged by the benefits it brings to local communities. This goes beyond actual project operations, with the developer prioritizing meaningful engagement and relationships with neighborhood organizations, leadership, and residents.

“The Triple H Wind Project team donated a new freezer, washer, and dryer to a local community daycare association called Hand in Hand, a charity organization in South Dakota that relies heavily on donations from the community,” Caspari said. “Childcare is becoming scarcer, more expensive and an issue during Covid, so it was a really timely donation.”

But it hasn’t stopped there, Caspari said, noting that ENGIE North America has also made donations to local community events, including sponsorship of a local high school rodeo and other community initiatives.

The Triple H Wind Project continues to garner attention for its many environmental benefits, including from the U.S. Environmental Protection Agency (EPA), which recently named BU as one of five recipients of its 2021 Green Power Leadership Awards. The EPA cited BU’s contract as the largest single active VPPA by any of the 126 colleges and universities in its Green Power Partnership. 

 

About ENGIE

Earlier this year, the ENGIE Group announced its ambition to become net zero by 2045, covering all emissions across its value chain. This long-term ambition is complemented by intermediary targets for 2025 and 2030 and the commitment to maintain a trajectory compatible with well below 2 degrees Celsius.

The ENGIE Group also aims to support its clients in their energy transition and has committed to contributing 45Mt to the decarbonization of clients by 2030, positioning itself as a global leader in the industry.

In the U.S. and Canada, ENGIE North America owns and operates more than 3 GW of installed wind and solar capacity and continues to pursue its commitment to sustainability through increasing its renewable energy footprint.

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Launch of the First Movers Coalition: ENGIE joins as founding member

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As a founding member, ENGIE joined today the First Movers Coalition (FMC), officially launched at the COP 26. The coalition is a partnership between the World Economic Forum and the U.S. Office of the Special Presidential Envoy for Climate John Kerry. By joining the coalition, ENGIE aims to bolster demand and supply for low-carbon technologies, crucial to reducing global emissions and reaching the 2050 climate goals.

Focusing on hard-to-abate sectors, where green gases and green fuels are required – in particular aviation, shipping, trucking, steel – the First Movers Coalition is a new collective initiative aiming at accelerating by 2030 the development at scale of competitive net zero carbon supply chains. Member companies are to spur net zero demand and supply by committing to purchasing zero-emission solutions for a portion of their value chains.

Committed to making the FMC a success and in line with the Group’s existing commitment to have 100% of its preferred suppliers SBTi certified by 2030, ENGIE aims at setting clear targets to support the decarbonization of its customers and of the global economy.

The Group intends to also fully embrace its role as a net zero solutions supplier for hard-to-abate sectors, in line with its ambitions in renewable energy and distributed infrastructure, targeting especially 4 GW of renewable hydrogen capacity by 2030.

Catherine MacGregor, ENGIE CEO, said: “ENGIE is very proud to be a founding member of the First Movers Coalition. As a leader of the energy transition and an industrial player, ENGIE is committed to supporting the development of competitive net zero supply chains at scale. Joining this cross-sectoral coalition is one more step in ENGIE’s longstanding commitment to net zero and is in line with the Group’s purpose to accelerate the energy transition.”

 

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our
customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral
world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose
(“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on
our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is
represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and nonfinancial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI
EMU ESG, MSCI Europe ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG). 
 

 

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Tel. +33 (0)1 44 22 24 35

Email – engiepress@engie.com

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