, , , , , , , ,

2024 Full-year Results

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 >> 

/by
, , , , ,

ENGIE signed 4.3 GW of new Power Purchase Agreements (PPAs) in 2024

In 2024, ENGIE won 4.3 GW of PPA deals, up from 2.7 GW in 2023, equivalent to 136 TWh of electricity supply. These 85 agreements cover 5 continents: North America, South America, Asia, Europe, and Oceania. ENGIE confirms its position as a global leader on the PPA market, with a total portfolio of 14 GW of PPAs already contracted.

This performance includes new contracts with Meta in the United States, the expansion of the global partnership with Google including new developments in Belgium and the United States, as well as agreements with other tech companies. ENGIE also signed contracts in new sectors such as utilities, chemicals and in the medical field.

The PPA market is driven in recent years by the growing need for decarbonized electricity in all sectors, particularly in the technology and digital sectors where new energy-intensive uses such as AI have emerged.

ENGIE stands out with a commercial performance of 1.5 GW of PPAs signed in North America, reflecting the high demand for renewable electricity in this region. The contracts signed in 2024 cover eight new projects, with production expected between 2024 and 2026. Among these projects is the Chillingham park (350 MW) located near Austin, north of Texas, ENGIE’s largest solar project to date in the United States.

In addition to PPAs related to the supply of electricity from solar, wind, and hydro assets, ENGIE is a pioneer in the field of Biomethane Purchase Agreements (BPAs), for which it signed several major contracts, such as with Arkema or BASF in 2024.

“In 2024, we confirmed our leading position in the PPA market thanks to our cutting-edge expertise in energy sales to meet a wide range of demand profiles and our diversified renewable asset base. In 2025, we will continue to expand on the fast-growing PPA market, particularly in the United States, as we continue to develop our offer to provide customers with tailor-made supply solutions.” said Edouard NEVIASKI, Executive Vice President in charge of Supply & Energy Management.



About ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, 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 clients. Turnover in 2023: €82.6 billion. 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 Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).


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


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

/by
, , , ,

ENGIE and Meta announce new 200 MW renewable energy agreement expanding existing relationship to meet growing power demand

HOUSTON – https://www.engie-na.com/ (ENGIE) and Meta announced they recently completed a second Environmental Attributes Purchase Agreement (EAPA) in 2024. The agreement will see ENGIE supply 200 MW of renewable energy and associated environmental attributes from its Anson 2 solar project in Jones County Texas furthering support of Meta’s growing power needs in line with its net zero goals.

Meta will purchase environmental attributes and energy from the facility which is expected to commence operation in late 2025. Anson 2 solar project was developed by ENGIE, who will also construct and operate the project located northwest of Abilene, Texas.

“We are excited to expand our relationship with Meta, increasing the provision of renewable power that supports their growth and aligns with their net zero commitments,” said Dave Carroll, Chief Renewables Officer and EVP, ENGIE North America. “This is the second agreement we completed with Meta in 2024 and reflects our commitment to develop and operate projects that meet the needs of our customers. We are delighted to further our collaboration with Meta, working together to meet growing demand for power in the U.S. and accelerate the energy transition.”
The 200 MW from Anson 2 will add to the more than 12 GW of renewable energy procurement already announced by Meta.

“We are delighted to be deepening our collaboration with ENGIE, making the clean energy transition a reality through the projects we are working on together,” said Urvi Parekh, Global Head of Energy, Meta. “Since 2020, we have maintained net zero emissions in our global operations – these efforts are supported by relationships such as those with ENGIE with a strong track record of delivering and operating projects that support our operations, help meet our energy needs and implement our net zero goals.”

The Anson 2 project is expected to employ over 300 skilled workers during construction, many of them local to the region and generate more than $56 million in tax revenues to support the local community over the life of the project. This includes some $28 million to local school districts. Once operational it will expand the existing ENGIE portfolio of around 8 GW of renewable projects including solar, wind and battery storage in operation or construction across North America.

This agreement continues to reflect ENGIE’s position as one of the leading providers of power purchase agreements (PPA) globally.

###

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 its 97,000 employees around the globe, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, 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 clients. In North America, ENGIE helps its 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, External Relations
Michael.clingan@external.engie.com
832-745-6057

Meta
Ashley Settle
ashleysettle@meta.com
650-512-3565

/by
, , , , ,

ENGIE announces Power Purchase Agreement with Google – Will supply power from its largest U.S. solar project to date

Latest deal builds on collaboration to accelerate the energy transition

HOUSTON – ENGIE North America (ENGIE) announced they recently completed a Power Purchase Agreement (PPA) with Google to supply 90 MW of renewable energy from its Chillingham solar project in Bell County, Texas. This agreement in the United States (U.S.) expands on ENGIE and Google’s prior collaborations in Europe and is the fifth renewable energy project under agreement between the two companies globally.    

To support its operations in Texas, Google will purchase a portion of the 350 MW facility’s output which is expected to commence operation later this year. The Chillingham solar project was developed by ENGIE, who will also construct and operate the project located north of Austin, Texas.

This agreement was facilitated through LEAP™ (LevelTen Energy’s Accelerated Process), which was co-developed by Google and LevelTen Energy to make sourcing and executing clean energy PPAs more efficient, and contributes to Google’s ambitious 2030 goal to run on 24/7 carbon-free energy (CFE) on every grid where it operates.

“We are honored to continue to expand ENGIE’s global relationship with Google, supporting their growth and delivery of their net-zero commitments” said Dave Carroll, Chief Renewables Officer, ENGIE North America “We are proud that ENGIE’s proven track record in developing, building and operating renewable assets puts us at the forefront of the energy transition. Chillingham solar clearly demonstrates ENGIE’s track record of consistently delivering quality renewables projects that meet the needs of customers such as Google – allowing us to collaborate together and meet their unique needs.”

“We’re pleased to further our collaboration with ENGIE with new carbon-free energy from its Chillingham plant that will supply our operations in Texas with clean power,” said Amanda Peterson Corio, Global Head of Data Center Energy, Google. “This agreement is another example of how using our scalable procurement approach is transforming the way the industry sells and purchases power, and ultimately speeds up the development of carbon free electricity.”

The Chillingham project has employed over 300 skilled workers during construction, many of them local to the region and will generate more than $72 million in tax revenues to support the local community over the life of the project. This includes some $53 million specifically for local school districts. Once operational, Chillingham, which will be ENGIE’s largest single solar project in the U.S. so far, will join the company’s portfolio of around 8 GW of renewable projects including solar, wind and battery storage in operation or construction across North America.

This power purchase agreement with Google contributes to ENGIE closing almost 1GW of signed PPAs in the U.S. for 2024 (YTD). ENGIE’s continued innovation in this space has resulted in the company being named as a top developer to sell corporate energy PPAs several years in a row.


###

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 its 97,000 employees around the globe, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, 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 clients. In North America, ENGIE helps its 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, External Relations
Michael.clingan@external.engie.com
832-745-6057

/by
, , , , , , ,

San Marcos Unified School District Unveils District-Wide Fleet Electrification Transportation Center with Energy Infrastructure and Upgrades with ENGIE

San Marcos, CA and Houston – The San Marcos Unified School District (SMUSD) today announced the unveiling of its district-wide fleet electrification project, marking a significant step toward sustainability and energy efficiency. This initiative, in conjunction with ENGIE North America (ENGIE), includes extensive energy infrastructure upgrades, aligns with the District’s commitment to reducing its carbon footprint while achieving substantial cost savings.

At the heart of the project is the transformation of the District’s transportation center. The District’s fleet of 84 school buses, has been transformed with new 33 electric buses (eBuses) as part of the first phase of the program. The new transportation center includes a microgrid for backup power, the installation of 40 eBus charging stations, infrastructure for an additional 35 future charging stations, onsite solar power generation, battery energy storage as well as microgrid controls.

In addition to the new transportation center, the project represents a major investment in the District’s future, with district-wide energy cost control measures including interior and exterior LED lighting upgrades at 19 sites and one sports complex, solar installations totaling 8,000 kWh across three locations, battery energy storage systems at two sites, and comprehensive HVAC upgrades at the North County Regional Education Center. These efforts are projected to result in $40 million in net energy savings over the term of the contract.

“We are thrilled to be at the forefront of these cost savings measures that promote environmental stewardship and operational efficiency,” said Dr. Andy Johnsen, Superintendent of San Marcos Unified School District. “This project not only advances our sustainability goals but also enhances the learning environment for our students by ensuring that our resources are used effectively and responsibly.”

“Across the district, LED lighting retrofits at 19 sites will significantly cut energy costs,” said Courtney Jenkins, vice president of energy solutions at ENGIE North America. “The solar systems will produce renewable electricity that would otherwise be purchased from the grid, and battery energy storage will allow some of that clean power to be used during peak-demand hours to minimize utility surcharges. We are proud to partner with San Marcos to help enable such powerful environmental, economic and educational impact.”

Funding for this project has been secured through a combination of federal and state resources. The District is expected to receive $3.5 million in federal funding through the Inflation Reduction Act, as well as $1.75 million in local grants and rebates for the EV infrastructure. Additionally, approximately $11.5 million has been received through grants and incentives for the purchase of the 40 eBuses over the program’s initial years.


Keeping with local utility policies, the district plans to install additional solar capacity as more electric buses and chargers are deployed. The microgrid’s battery energy storage system will also be used to strategically store and discharge power when prices are high and the fleet needs to be charged. During power outages the microgrid will operate independently of the utility grid, drawing energy from the solar and battery storage system — and from the backup generator as needed — to keep buses rolling. This builds resiliency into the system and ensures that the district can get students home during emergencies and Public Safety Power Shutoff (PSPS) events.


###

About the San Marcos Unified School District
The San Marcos Unified School District (SMUSD) is one of the top five school districts in San Diego County, with blue ribbon, gold ribbon, and California Distinguished Schools, providing an unparalleled educational experience. SMUSD operates 19 schools and serves 19,000 students annually. Led by Superintendent Dr. Andy Johnsen and a five-member Governing Board, together they seek to cultivate an engaging and supportive environment by retaining the region’s top educators, where students are challenged, inspired, and poised to excel.

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 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose, 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:

San Marcos Unified School District
Amy Ventetuolo, PIO
cmiller@jsusd.org
760-803-4880

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

/by
, , , , , , ,

Yucaipa Valley Water District Breaks Ground on a State-of-the-Art Resiliency and Clean Energy Project in Collaboration with ENGIE

Yucaipa, Calif. and Houston – The Yucaipa Valley Water District (YVWD) has initiated groundbreaking on its resiliency and clean energy water and wastewater project. The project includes the installation of 7 megawatts (MW) of solar power, a 3.3 MW/13 megawatt hour energy storage system, and 3.2 MW of natural gas generators coupled with microgrid controllers. The program is designed to advance clean energy adoption and the energy efficiency of water management at two key locations: the Yucaipa Valley Regional Water Filtration Facility and the Wochholz Regional Water Recycling Facility. A Southern California-based team from ENGIE North America (ENGIE) will manage the construction, ownership, and operation of the systems.

“This project marks a significant step forward in YVWD’s commitment to sustainability and energy resilience, ensuring reliable and efficient water services for the community,” said Joseph Zoba, General Manager from YVWD. “With the increase in power outages and PSPS across California, communities are facing enormous pressure to adapt and find new ways to ensure that critical operations are not impacted by grid outages. This project will enable YVWD to provide much-needed resiliency and reliability during power outages, ensuring our community remains safe and operational.”

The YVWD manages over 220 miles of drinking water pipelines and provides a combination of water, sewer, and recycled water connections to more than 22,000 ratepayers in the Inland Empire. The project will significantly improve the District’s capacity to serve residents, keep rates stable, and hedge against rising energy costs. It is designed to meet the District’s long-term resiliency goals and ensure safe, reliable power to key facilities during public safety power shutoff (PSPS) events. In Yucaipa Valley, a historically fire-prone region of Southern California, the community has faced increasing risks, managing fires nearly every two years.

“We are proud to work with Yucaipa Valley Water District to make the community’s critical infrastructure more resilient. By leveraging project savings, ENGIE is able to deliver critical facilities’ resiliency and reduce energy costs significantly,” said Courtney Jenkins, Vice President of Energy Solutions from ENGIE North America. “This initiative is projected to create $82 million in net savings after covering all costs over the 28-year agreement. The environmental impact of this project is substantial, with a carbon emissions reduction equivalent to removing 2,105 cars from the road annually.”
Following a project launch event at the Water Filtration Facility in May, YVWD celebrated the start of facility work at the Regional Water Recycling Facility during a groundbreaking ceremony this week.

About YVWD
Yucaipa Valley Water District is in San Bernardino County California. The District service area includes properties in Riverside County, San Bernardino County, Yucaipa and Calimesa. Yucaipa Valley Water District is in YVWD is a special district whose core mission is to provide reliable water and wastewater service to a 40 square-mile region with 223 miles of drinking water pipelines and 27 reservoirs with 34 million gallons of storage capacity.

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 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose, 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:

YVWD
Joseph Zoba, General Manager
(909) 372-0041

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

/by
, , , , , , ,

John Swett Unified School District Collaborates with ENGIE to Achieve Energy Sustainability and Support STEM Education

Rodeo, Calif. and HOUSTON, May 23, 2024 (GLOBE NEWSWIRE) — The John Swett Unified School District (JSUSD) today announced the successful completion of their solar and lighting retrofit project in collaboration with ENGIE North America (ENGIE), a leader in the Net Zero energy transition. The project encompasses two of the district’s locations, marking a significant step towards reducing energy costs, environmental impact, and advancing STEM education within the district.

The cornerstone of this project is the installation of solar panels that will empower the district to hedge against rising energy costs while significantly reducing its carbon footprint. The solar installation will enable the district to self-generate approximately 90 percent of its electricity consumption from on-site renewables.

“JSUSD has made substantial progress towards its sustainable energy and environmental goals, thanks to the support of ENGIE,” said JSUSD Superintendent Charles Miller. “This collaborative initiative has been made possible through the utilization of Inflation Recovery Act (IRA) funding, enabling the installation of solar and lighting solutions at three district locations.”

“In addition to these environmental benefits, ENGIE is dedicated to supporting student achievement in STEM,” said Jean-François Chartrain, Managing Director, Energy Solutions Americas at ENGIE.  “As part of the collaboration, ENGIE is providing valuable educational opportunities to JSUSD students through two student internships. This commitment to STEM enrichment demonstrates ENGIE’s dedication to not only advancing clean energy solutions but also fostering the educational growth of the next generation.”

 

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 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose, 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.

 

Contact Data

Michael Clingan
ENGIE North America
michael.clingan@external.engie.com

Charles Miller, Superintendent
John Swett Unified School District
cmiller@jsusd.org

/by
, , , , , ,

Ohio State Energy Partners Announces Winners of the Smart Campus Challenge

HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) — Ohio State Energy Partners announced the winners of the Smart Campus Challenge, a competition aimed at fostering innovation and sustainability at The Ohio State University (Ohio State). Sponsored by ENGIE North America (ENGIE), the event showcased eight teams comprising 29 participants, who presented their projects in a format reminiscent of ‘Shark Tank’ to a panel of judges.

The winning project, Utensils To-Go, aims to end the use of plastic utensils on campus. Utensils To-Go team members Hanshu Kotta, Jashnavi Bommana, Shreya Sree Morishetty and Dhaarini Prasad Sudha earned $60,000 in project funding and a trip to Paris in the summer of 2024. Partnering with a leading reusable packaging company, Utensils To-Go will introduce sustainable alternatives to plastic utensils, thus contributing to the university’s goal of diverting 90 percent of waste away from landfills.

“The Smart Campus Challenge provides a platform for students to showcase their creativity and address pressing environmental challenges facing our communities,” said Sarah Buckingham, data analyst from ENGIE. “This competition not only fosters creativity and ingenuity but also encourages students to address pressing issues while improving sustainability on Ohio State’s campus.”

In addition to the Utensils To-Go project, Team Mycoremediation secured second place with their innovative approach to waste management using fungal degradation. This project, awarded $20,000 in project funding, seeks to establish mycoremediation as an effective and eco-friendly solution to waste problems in urban settings. Meanwhile, the Ohio State Uniform Campus Recycling Initiative clinched third place, focusing on enhancing waste management practices both on and off-campus.

Ohio State Energy Partners is a partnership between ENGIE North America and Axium Infrastructure, which has a concession with Ohio State to own and operate the campus energy infrastructure. Committed to promoting innovation, OSEP contributes $810,000 annually to support academic collaboration efforts at Ohio State. The Smart Campus Challenge originated from OSEP’s commitment to utilizing collaboration resources while promoting sustainability initiatives at the university. The inaugural Smart Campus Challenge in 2019 led to the establishment of the Ohio State Food Recovery Network, highlighting the event’s significant impact on campus sustainability efforts. OSEP remains committed to driving positive change and fostering a positive culture at the University.

###

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 services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.


Contact Data

Michael Clingan
ENGIE North America
8327456057
michael.clingan@external.engie.com

/by
, , , , ,

ICA Miami Expands Sustainability Initiatives Through Innovative Wind Energy Agreement with ENGIE

MIAMI & HOUSTON – The Institute of Contemporary Art Miami (ICA) and a subsidiary of ENGIE North America (ENGIE) announced today an innovative new collaboration that advances an emerging renewable energy solution and expands the museum’s sustainability efforts. Under the terms of a five-year agreement with ENGIE Resources LLC, ICA Miami will procure Renewable Energy Certificates (RECs) from ENGIE’s Priddy Wind Project (Mills County, Texas) to match 100% of the museum’s forecast electricity consumption. As the first renewable energy agreement in Florida for ENGIE Resources, the collaboration represents increasing interest for similar solutions in markets that are not yet open to retail power competition.

A leading contemporary art museum in the U.S. and globally, ICA Miami is recognized for promoting continuous experimentation and embracing innovative practices, through its exhibitions and programs and in its operations and practices. In 2020, the museum was among the original grantees for the Helen Frankenthaler Foundation’s sustainability funding and has since implemented carbon offsets and sustainable shipping practices for major exhibitions. With this energy agreement, ICA Miami is matching 100% of its electricity consumption for the building and museum operations with project-specific Green-e® certified RECs that avoid the greenhouse gas emissions of 1,352 metric tons of CO2 equivalent.*

Commercial and industrial customers from any market can support sustainability efforts by sourcing project-specific RECs, but interest is in its early stages. “Customer understanding and adoption of RECs takes time,” said Brad McIntyre, business development manager at ENGIE Resources. “ICA Miami is a great jumping-off point for us in the South Florida market,” said McIntyre. “RECs provide sustainable solutions for developers to invest in new assets and we expect this agreement to accelerate the impact of renewables in this and other similar markets.”

“ICA Miami has long been committed to adopting best practices for sustainability and reducing the museum’s carbon footprint. Our alliance with ENGIE not only supports the museum’s ongoing sustainability efforts, but also contributes to an emerging renewable energy solution that is not yet prevalent in South Florida. We are excited to be a part of bringing these kinds of solutions to our community and to continue expanding on this work,” said Alex Gartenfeld, ICA Miami Irma and Norman Braman artistic director.
Acting as an advisor on the agreement is Industrial Energy (Fort Lauderdale, FL). “It is exciting to be at the forefront of a solution that promotes planet-friendly power in a market that is not yet open to retail choice,” said Christian Amabile, executive vice president. It’s a privilege to work with an organization that plays such an important role in the social landscape.”

Green-e® RECs are certified by the nonprofit Center for Resource Solutions. Certification ensures that RECs are properly accounted for and that no double counting takes place.

*EPA Greenhouse Gas Equivalencies Calculator


###


About the Institute of Contemporary Art

The Institute of Contemporary Art, Miami (ICA Miami) is dedicated to promoting continuous experimentation in contemporary art, advancing new scholarship, and fostering the exchange of art and ideas throughout the Miami region and internationally. Through an energetic calendar of exhibitions and programs, and its collection, ICA Miami provides an important international platform for the work of local, emerging, and under-recognized artists, and advances the public appreciation and understanding of the most innovative art of our time. Launched in 2014, ICA Miami opened its new permanent home in Miami’s Design District on December 1, 2017. The museum’s central location positions it as a cultural anchor within the community and enhances its role in developing cultural
literacy throughout the Miami region. The museum offers free admission, providing audiences with open, public access to artistic excellence year-round.
icamiami.org


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 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, www.linkedin.com/company/engie-north-america-inc and twitter.com/ENGIENorthAm.


About Industrial Energy

Industrial Energy is a leading energy advisor to commercial, industrial, and institutional clients. The company leadership has over 35 years of experience in providing supply, strategy, and full coverage, and function in the form of on-staff energy advisors to best assist customers. Industrial Energy is at the forefront of developing renewable energy supply solutions for end-use customers of all sizes, including site-specific Power Purchasing Agreements, and Virtual Power Purchasing Agreements. industrialenergy.info


Media Contacts

ICA Miami: icamiami@resnicow.com

ENGIE North America: michael.clingan@external.engie.com

/by
, , , , , , ,

ENGIE sees continued strong growth in renewables in the U.S.

HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) — ENGIE, a leader in the Net Zero energy transition, envisions continued strong customer demand for its renewables solutions in the U.S. and aims to grow its number of integrated projects substantially.

ENGIE was recently named the top corporate seller of clean power purchase agreements (PPAs) globally in what was a record year for PPAs, according to BloombergNEF’s (BNEF) 2023 full year rankings. According to the report, corporations publicly announced a record 46 gigawatts (GW) of solar and wind contracts in 2023, a 12% increase from 2022. The U.S. remained the largest market for PPAs with 17.3GW of deals announced.

“Our strong customer focus combined with our safe, expert project delivery is at the heart of our growth in the U.S.,” said David Carroll, chief renewables officer, senior VP, North America region for ENGIE. “Our reputation for consistently delivering projects that enable our customers to meet their public commitments with confidence is key. Customers value our track record of delivering projects on-time, on-spec and on-budget. We do this by leveraging our global scale and integrated model complemented by our energy expertise and local presence.”

ENGIE currently has 7 GW of solar, wind and battery storage projects in North America and that number is growing. Last year, it ranked among the top 10 clean power owners and number 4 in top developers of clean power capacity installed in the U.S., according to American Clean Power (ACP) 2023 Market Report.

The company views its pace of growth accelerating to support its customers as PPAs increasingly become the centerpiece of companies’ sustainability strategies. Its growth pipeline also ranked in the top 10 in the U.S. according to the ACP report, with an emphasis on co-locating energy storage with solar and wind projects with its acquisition of Broad Reach Power last year.

“Our success is attributed to our team of clean energy experts – our people. They are the driving force behind our achievements, impacting one customer and project at a time,” said Prathima Sundar, chief human resources officer and VP at ENGIE N.A. “We actively seek out and cultivate top talent within the industry, fostering a culture that values diversity and inclusion. This approach ensures that we deliver the highest quality sustainability solutions to our customers.”

###

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 services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 97,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more). For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

/by