Largest Financing to Date Supports Acceleration of Renewables and Continued Expansion for ENGIE in the U.S.
HOUSTON – ENGIE North America (ENGIE) announced that it recently completed more than $1bn of Tax Equity financing, through separate agreements with three banks, J.P. Morgan, Goldman Sachs and BNP Paribas. The financing pertains to a portfolio of recently commissioned renewable projects in the U.S.
The overall portfolio consists of 6 projects across ERCOT, MISO and SPP, including 950 MW of solar and 353 MW of wind capacity. The aggregate 1.3 GW of these renewable projects represents one of the largest Tax Equity financing arrangements for ENGIE North America so far.
“We are delighted that ENGIE is once again able to collaborate with some of the world’s leading financial institutions to accelerate the energy transition towards a net zero future,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “This transaction reflects our proven and recognized track record in developing, building and operating renewables assets, both in North America and globally”.
ENGIE is a leader in the net zero energy transition and currently has more than 7 GW of renewable production in operation or construction across the U.S. and Canada.
“ENGIE can rely on its strong relationships with leading financial investors to support its continued acceleration of renewable growth in the U.S.,” said Audrey Robat, Chief Financial Officer, ENGIE North America. “This deal also highlights the outstanding level of commitment and expertise of our teams in delivering reliable and affordable renewable generation to the grid.”
Globally ENGIE has an aspiration to add 4 GW per year globally through 2025, with North America as a material contributor to that growth.
###
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, External Relations
Michael.clingan@external.engie.com
832-745-6057
District-wide Project including Solar Energy, HVAC and Electric Vehicle Charging Stations to Deliver Savings Over 25 Years
Dublin, Calif. and HOUSTON – Dublin Unified School District (DUSD) today announced the unveiling of their $26 million sustainability and energy efficiency project. Working with ENGIE North America (ENGIE), a leader in the net zero energy transition, this project includes the installation of 4.5 megawatts (MW) of solar panels, HVAC upgrades, and the deployment of 66 electric vehicle ports across 12 schools and the district office, marking a significant milestone in the district’s commitment to green initiatives and fiscal responsibility. The district-wide project also includes a student engagement program that features internships, a STEM education program, and a living laboratory.
The project showcases DUSD’s dedication to providing a greener and healthier environment for students, staff, and the community. The comprehensive scope of this initiative encompasses several components including:
• 4.5 MW of solar panels: The installation of solar panels in 13 district-wide locations will harness the power of the sun to generate clean, renewable energy.
• HVAC system upgrades: The HVAC system upgrades will ensure optimal indoor air quality and temperature control, creating a comfortable and conducive learning environment for students and staff. These enhancements will also contribute to energy efficiency, reducing both costs and environmental impact.
• Electric vehicle charging stations: The introduction of 33 level-two electric vehicle charging stations across schools promotes the adoption of sustainable transportation options among staff, students, and the community. It aligns with DUSD’s commitment to supporting electric vehicle infrastructure and reducing emissions.
“Today marks a significant milestone for our District. We are thrilled to unveil a project that embodies our dedication to sustainability and responsible energy management. With the installation of solar panels, HVAC system upgrades, and the introduction of electric vehicle charging stations, we are taking substantial steps towards creating a greener, healthier environment for our students, staff, and our community. This initiative showcases our commitment to a more sustainable future, and we’re excited to witness the positive impact it will have on our schools,” said Chris Hobbs, Assistant Superintendent of Business Services.
“This groundbreaking project is a testament to DUSD’s vision for a sustainable future, reflecting its dedication to promoting environmental responsibility,” said Jean-Francois Chartrain, Managing Director, Energy Solutions Americas at ENGIE. “The anticipated benefits of this project extend far beyond environmental sustainability. Over a 25-year period, it is estimated that the project will yield a net savings of $30 million. These savings will be reinvested into educational programs, improving facilities, and enhancing the overall educational experience for students.”
###
About the Dublin Unified School District
The Dublin Unified School District serves over 12,900 students, from preschool through adult education, in a diverse suburban environment. The district comprises seven elementary schools, two middle schools, one K-8 school, one alternative high school, and one comprehensive high school, with a second under construction. The Dublin Unified School District’s mission is to educate every student to become a lifelong learner by providing a safe and supportive environment that fosters collective responsibility for each student’s success.
The Dublin Unified School District is ranked as one of the “Best School Districts in California” and its schools have been recognized with numerous accolades, including Advanced Placement Honor Roll, National Blue Ribbon School, Gold Ribbon Award, Project Lead The Way Distinguished School, California School of Character, National School of Character, Educational Results Partnership Honor Roll, California Distinguished School, and Title 1 Academic Achievement Award School.
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:
Dublin Unified School District
Sarah Lopez, Director of Communications and Community Engagement
lopezsarah@dublinusd.org
925-828-2551
ENGIE North America
Michael Clingan, External Relations
Michael.clingan@external.engie.com
832-745-6057
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
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.”
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
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.
Clean and Efficient Energy Project Expected to Save $83 Million
RICHMOND, CALIF. and HOUSTON, TX – The Board of Directors of West County Wastewater (WCW) has announced plans for a comprehensive energy, infrastructure, and process improvement project designed to significantly reduce the organization’s carbon footprint and greenhouse gas emissions. This infrastructure upgrade project will reduce West County Wastewater’s overall greenhouse gas emissions by 93 percent at WCW’s Water Quality and Resource Recovery Plant and is expected to save more than $83 million over the project’s lifetime.
“To us, community and environmental stewardship is about more than providing wastewater services,” said Andrew Clough, WCW Deputy General Manager. “It is about working together to encourage and employ healthy industry and environmental practices that will benefit the region, our communities, and our ecosystem for years ahead.”
The new comprehensive infrastructure project will help WCW achieve its vision. Led by low-carbon energy leader ENGIE North America (ENGIE), the initiative will include significant upgrades to WCW’s Water Quality and Resource Recovery Plant. Two new digesters, an addition of 1.1 megawatts (MW) of solar power generation, a thermal sludge drying system, and solids dewatering, among other improvements, will greatly improve WCW’s control over its handling of biosolids.
“This project is one of the most impactful energy, infrastructure and process improvement programs in the United States,” said Stefaan Sercu, Managing Director at ENGIE North America. “Our alliance with WCW will serve as a proof point for the benefits of the comprehensive energy collaboration approach. Wastewater treatment is an especially energy-demanding operation—but wastewater districts that take advantage of ENGIE’s expertise at the energy-water nexus can make the improvements necessary for the reliability of their equipment, safety of the local community, and environmental sustainability.”
Historically, biosolids produced by WCW have been sent to landfill due to the fact they did not meet the high -quality standards required for beneficial reuse. By generating Class A biosolids, suitable for agricultural and other reclamation uses, these upgrades will eliminate organic material being sent to landfill. This will prepare the organization for the 2022 implementation of SB 1383, the “Short-Lived Climate Pollutants: Organic Waste Reductions” regulations, and reduce ongoing disposal costs. The project will also result in a substantial reduction in greenhouse gas emissions from the decomposition of sludge in the landfills.
ENGIE will implement the plant improvements and maintain the installed equipment over the next 20 years under an energy savings performance contract. This approach will leverage ENGIE’s deep expertise in energy efficiency and renewable energy solutions to optimize operational efficiencies throughout the equipment’s lifetime. ENGIE is targeting a 4.2 million kWh reduction in WCW’s annual energy use.
The scope of the project comprises a 1.1 MW solar power system, LED lighting, electric vehicle charging stations and wastewater treatment plant upgrades including a new grit separation system, rotary drum thickeners, a high efficiency aeration blower, new digesters, a 450 kW cogeneration system powered by biogas from the digester, a sludge dewatering system, a sludge thermal dryer system and equalization basins. Together, these systems’ onsite generation will meet close to 100 percent of the District’s facilities and wastewater treatment electricity needs.
Finally, the initiative will bring job opportunities and economic benefits to the Richmond area. In addition to creating jobs through the District Project Labor Agreement, it will create internships and career pathways in the wastewater industry for local high school and college students.
###
About West County Wastewater
West County Wastewater serves several communities in the Richmond, California, area. The organization owns, operates, and maintains a wastewater collection system with 249 miles of gravity sewer pipelines, 17 lift stations, 6 miles of pressure force mains, and a Water Quality and Resource Recovery Plant with a capacity of 12.5 million gallons per day (mgd). All told, WCW provides wastewater services to approximately 34,000 residences and 2,450 commercial and industrial businesses, with a total population of nearly 100,000.
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.
Media Contacts:
West County: Kate Gibbs, kgibbs@wcwd.org, 510-390-4844
ENGIE North America: Michael Clingan, michael.clingan@external.engie.com, (832) 745-6057
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.”
###
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
Project Canary
Brian Miller, Vice President Growth and Policy
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
###
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
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
Loading...