, , , ,

ENGIE Powers Einstein Bros. Bagels with Round-the-Clock Renewable Energy

HOUSTON – ENGIE North America (ENGIE) announced today a contract with Einstein Bros. Bagels, a significant step in its commitment to providing 24/7 renewable energy to commercial customers by 2030, reinforcing the Group’s recently reaffirmed ambition to offer round-the-clock clean energy solutions worldwide. With this contract that runs through May 2027, ENGIE intends to match 90% of the hourly electricity consumption for 25 Einstein Bros.® Bagels locations in Texas with Renewable Energy Credits (RECs) from a portfolio of wind and solar assets including ENGIE’s Live Oak Wind Project in Texas. ENGIE’s unique position as a developer and operator of both renewable and flexible generation across North America, in addition to its market-leading internal risk management function, facilitates its ability to be a pioneer in this space.

As a major player in the energy transition, ENGIE commits to accelerate the transition to a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Leveraging its diversified portfolio of renewable generation, storage, and flexible assets, ENGIE ensures reliable, decarbonized electricity supply to businesses of all sizes. The introduction of ENGIE’s 24/7 matching renewable energy solution in the U.S. to a network of food service locations highlights this commitment.

Achieving 24/7 renewable energy with hourly matching and reporting is a complex and technically challenging feat, compared to annual matching. “It requires tracking the hourly generation of multiple renewable resources and matching the RECs generated therefrom with hourly electricity consumption at the 25 Einstein Bros.® Bagels locations,” said David Benhamou, ENGIE North America’s head of power portfolio management.  

Einstein Bros.® Bagels had previously entered a retail energy supply agreement with ENGIE which was matched annually from ENGIE’s Live Oak Wind Project in Texas.

“At Einstein Bros. Bagels, we recognize the importance of sustainable energy solutions, and we’re proud to take this next step with ENGIE toward a cleaner future. By integrating 24/7 renewable energy matching into a number of our Texas locations, we are reinforcing our commitment to responsible energy use and supporting innovative solutions that drive the industry forward,” said Héctor Briones, CMO for Einstein Bros.® Bagels.

 

###

About Einstein Bros.® Bagels

Einstein Bros.® Bagels is a neighborhood bakery known for endless combinations of fresh-baked bagels and premium double-whipped cream cheese. Also serving a variety of breakfast sandwiches, lunch sandwiches, coffee, espresso, sweets and catering, Einstein Bros. Bagels has more than 680 locations throughout the United States. Einstein Bros. Bagels is part of Panera Brands, one of the nation’s largest fast-casual restaurant companies, comprised of Panera Bread®, Caribou Coffee® and Einstein Bros. Bagels. To learn more, visit www.einsteinbros.com.

About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to local authorities and businesses. Every year, ENGIE invests more than $10 billion to drive forward the energy transition and achieve its net zero carbon goal by 2045. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges.  For more information on ENGIE in North America, please visit our website at www.engie-na.com or our LinkedIn page.

Media Contact:

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

/by
, , , , , , , ,

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
, , , , ,

Norwood Medical adds ENGIE Wind Power to Sustainability Commitment

DAYTON and HOUSTON – Feb. 5, 2025 – Norwood Medical LLC (Dayton) and ENGIE Resources LLC, a subsidiary of ENGIE North America (ENGIE), announce a five-year renewable energy contract. The agreement brings renewable wind energy from ENGIE to Norwood Medical’s headquarters campus in Dayton.

Under the terms of a five-year agreement, Norwood Medical will initially match 50% of its electricity consumption at ¬¬¬¬¬four locations, increasing its commitment to 100% for eleven buildings over the term, including approximately 120,000 Renewable Energy Certificates (RECs) from ENGIE’s Priddy Wind Project in Texas.

Norwood Medical will procure Green-e® Certified RECs that will ultimately deliver the equivalent environmental benefits of avoiding the greenhouse gas emissions from 52 million pounds of coal burned, or 47,223 metric tons of CO2*. Green-e® RECs are certified by the non-profit Center for Resource Solutions to verify exclusive use of renewable electricity within an electricity market.

The agreement supports a Norwood Medical objective to reduce carbon emissions. “We have a goal of 50% reduction of scope 1 and 2 emissions by 2030 versus baseline year of 2021, and net zero by 2050,” said Jeremiah Allen, Vice President, Engineering. “Reducing our impact on the environment is vitally important. Leveraging renewable electricity will help us hit our goal to reduce greenhouse gas emissions by 50% from 2021 levels.”

Serving as an advisor on this agreement is Statistical Energy (Dublin, OH). “We are proud to bring together two carbon champions,” said Michael Jackson, CEO/Partner, Statistical Energy. “This agreement is proof that renewable energy can be structured in a manner that addresses market volatility and meets the needs of a growing, commercial electricity customer with a commitment to reduce carbon through renewable energy.”

“Norwood asked us for a comprehensive analysis of their usage, plans for growth, historic prices and the forward fixed market. This led us to a structure with some market-based risk and float on the market, rather than to lock in a price now,” said Ron Cantlie, President/Partner at Statistical Energy. “Norwood chose optionality to lock in later, or not lock at all. It addresses the changing nature of supply and demand on the PJM grid.”


*According to EPA Greenhouse Gas Equivalencies Calculator.

About Norwood Medical
Based in Dayton, Ohio, Norwood Medical is a premier, full-service provider of advanced medical manufacturing solutions for the Medtech industry. The company’s legacy of expertise in complex machining dates back as far as the 1920s. Now, solely focused on medical manufacturing, Norwood has earned a reputation for tackling complex parts and projects that other contract medical manufacturers are unable to produce. Today, the company is a market leader serving leading medical OEM customers across a broad range of products and applications. Norwood Medical is committed to a carbon-neutral world through reducing energy consumption and leveraging renewable energy.

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/X feed.

About Statistical Energy
Statistical Energy LLC (Dublin, OH) advises industrial and commercial companies on how to optimize energy costs on both sides of the utility meter with sophisticated energy procurement strategies and by reducing unnecessary energy consumption. The end-use customer portfolio currently under management represents more than 500 million kWh in electricity and over 1.5 million MCF in natural gas.

 

Media Contacts:

Norwood Medical
937-228-4101

Statistical Energy
Michael Jackson
614-301-3748

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

/by
, , , , , ,

Interconnecting Renewables to the Grid: Opportunities, Challenges and the Future

As energy demand grows, so does the demand to interconnect renewable energy resources to the grid. According to Queued Up: 2024 Edition, an annual study on the characteristics of power plants seeking interconnection in the US published by Lawrence Berkeley National Lab (LBNL), there is currently more than 1,480 GW of zero-carbon generating capacity seeking transmission access. Although generating capacity and demand grow, grid interconnection remains one of the top challenges for renewable energy.

However, with several major rulings and proposals, there have been important developments in the transmission and interconnection space—from increased interconnection request requirements and costs, to getting the most out of the existing grid with Alternative Transmission Technologies (ATTs). The below explores the current setting and how to navigate the challenges of interconnecting renewable resources to the transmission grid.

FERC Order No. 2023

In response to the interconnection backlog, the Federal Energy Regulatory Commission (FERC) issued Order 2023 which aims to streamline the interconnection process. This reform required a cluster study approach across all the Independent System Operators (ISO) and Transmission Owners (TO), which attempts to study a group of projects within the same electrical region or zone at once. To standardize the process, the order also increased readiness requirements through a first ready, first served approach.

This regulation poses both challenges and opportunities for organized and non-organized energy markets. The cluster study approach minimizes study time and reduces cost, since traditionally the utilities would study projects serially. However, it also introduces delay in the study process and dependency on other projects studied in the cluster.

In large clusters with more than 20-30 projects it is very difficult to isolate multiple “what if” scenarios and understand the cost implications if other projects decide to drop out of the queue or don’t advance forward. The uncertainty in terms of cost and schedule is far more uncertain in a cluster process.

The organized markets (i.e. the ISOs) have already implemented much of what Order 2023 requires. This includes the cluster studies and requirements like withdrawal penalties, site control, and higher interconnection deposits. Since these requirements have already been implemented by multiple ISOs such as CAISO, SPP, PJM, and MISO, the impacts here are minimal.

Where FERC Order 2023 has greater implications is the non-organized markets. This is also where most of the queue was serial and the cost of entry was fairly inexpensive. Although the changes in these markets will eventually be helpful, there have been some challenges and delays to active projects as the utilities try to transition to the FERC Order 2023 guidelines.

The Order still leaves a gap on how to tie the interconnection process to long-term planning needs, thus exposing the generators to cost and schedule risks and uncertainties. It also leads to inefficiencies in how the system is planned, which is not only inefficient but also more expensive — not only for the developers but also for the rate paying customers.

FERC Order 1920

In 2024, FERC issued Order 1920 which aims to proactively plan for the future transmission system, including the interconnection of new generating resources. These reforms require proactive multi-driver and multi-benefit long term planning that considers any system upgrades identified through the interconnection process. This order also takes into account the integration of Alternative Transmission Technologies and Grid-Enhancing Technologies (GETs) to offer potential solutions for a more predictable and efficient energy grid. The criteria laid out in order 1920 aims to extend and apply to not only long-term planning but also the joint targeted interconnection queue, long range transmission planning and intra-regional planning efforts led by various ISOs.

The aging grid and new technologies

The U.S. power grid was designed for a different era and now faces the challenge of integrating renewable energy sources. FERC Orders 2023 and 1920 require transmission providers to evaluate Alternative Transmission Technologies such as dynamic line ratings, advanced power flow devices, and advanced conductors. These technologies, while not mandated, offer a bridge to faster and cheaper renewable energy integration.

Grid-enhancing technologies (GETs)

GETs can typically be deployed in months, if not weeks, and are considerably cheaper than their long-term counterparts. To-date, these GETs have been used in operational scenarios, specifically topology optimization, so it’s in the independent power producers (IPPs) interest to study the benefits of these technologies on their project. Most of the IPPs have performed studies to evaluate cost benefit and then proposed to TOs to implement.

So far, IPPs have evaluated and studied dynamic line rating and topology optimization. These have been deployed by many utilities in their current operating scenarios, while managing outages. The next step is to have enough studies to show the benefits and establish a proactive process for proper evaluation and implementation on the TO side. After several years of effort working with MISO, there is a process to get them evaluated in that grid operator. Some of our recent efforts have also come to fruition in ERCOT, but in SPP we still haven’t been able to make a breakthrough.

Just a few years ago, there was little-to-no discussion happening on how to adopt these grid enhancing technologies. Today, there are several FERC Orders such as 881, 2023 and 1920 that demonstrate the need for adopting GETs not only in the operational environment but also as we plan the grid in transmission planning. FERC Order 1920 requires that GETs be evaluated as the ISOs andTOs plan the system.

Challenges and opportunities for IPPs in GETs adoption

The biggest challenge for IPPs is the lack of clarity and transparency in the evaluation of proposing GET solutions. This is true in both the interconnection process as well as during the operational process. There is no one-stop-shop to where the criteria, contacts and processes are listed, so the evaluation is not transparent for the interconnection customer.

However, the biggest opportunity is that these solutions are win-wins for interconnection customers (IC), ISO’s and TOs. In a study done by ENGIE and New Grid (a TO software provider), by reconfiguring just three constraints resulted in approximately $151M USD market congestion costs saving annually. This was done with minimal investment and was deployed within one month. These congestion costs savings not only help the ICs, but the savings transfer to the rate payers.

Solving this congestion problem will eventually help end customers, who are the main stakeholders for any ISO/TO. We are in a time where ISO/TO do not have to do this on their own, but they can count on ICs as their partners — where we can collaboratively provide detailed technical studies, feedback, and reviews to develop this process. The modern grid needs modern solutions, and GETs are a part of that solution.

Need for future reforms

FERC Order 1920 and 2023 are good initial steps, but there is still more work to be done. Several additional reforms are needed to speed up the interconnection backlog include:

1. Requiring study automation, including quality check reviews to ensure the information passed on to stakeholders is reliable. This should include setting up an independent interconnection study monitor.

2. Fast track projects that do not need or already have network upgrades.

3. Require that all the cost-effective solutions (such as GETs) are studied and evaluated when a transmission constraint is identified during the interconnection process.

4. Ensure transparency of the reporting of transmission construction phases to stakeholders.

The above and more reforms have been proposed by industry groups to FERC, and hopefully we see more improvements coming down the pipeline.

/by
, , , , ,

Meeting Future Power Needs

It is estimated that the world will need more than 93 million miles of transmission lines, the distance between the Earth and the Sun, to face future power needs (IEA, 2023). Over the past 120 years, 50 million miles of transmission lines have been developed, but experts say we will need an additional 40 to 50 million miles in the next 30 years to keep up with growing demand.

The impact of increased electrical consumption and renewable energy
This rising development is due to increased electrical consumption (electric vehicles, data center development, AI acceleration, etc.) and the evolution of renewable energy sources. Renewable energy sources now allow us to focus on developing generation in the places where it is most efficient to do so, instead of having to necessarily be close to our direct customers. In the past, generators were incentivized to develop thermal plants as close as possible from the consumption area to enable better cost efficiency. But today, with renewable energy sources, the focus is generation efficiency. This opens up more options, such as choosing a wind corridor or vast enough land in the desert to deploy a solar plant.

Distance is a major factor to the current delay in keeping up with power demand, as transmission line buildout cannot keep up. This is a huge challenge that we, as an industry, need to prioritize — helping to facilitate faster infrastructure and power generation development. It is critical that we work together to accelerate our decisions and investments to help face these challenges.

Balancing generation and demand
Even if we are successful at accelerating the extension of transmission lines, the operation of our power grid is still a huge roadblock. Increase in power usage, coupled with intermittent renewable power generation, challenges the balance between generation and demand.

The need for energy storage solutions
There’s no doubt that providing power to cover the demand peak in our future is an issue that keeps us up at night. We all know power is very difficult to store, but something must change. We must look at assets that enable flexibility on the grid, such as battery storage or pumped storage, but let’s not forget the importance of green or low-carbon gas. The energy transition needs the alliance of the electron and the molecule. It is important for us to work together, and center the business model, to develop assets involving the synergy between gas and electricity. The affordability and feasibility of the transition depends on it.

The role of gas in the energy transition
Recent pragmatic policies have emerged, calling for new thermal plants to be built (such as in Texas or in the United Kingdom). It is believed that we cannot handle the demand peak, and keep energy affordable, without gas-fired plants until well into the transition. With these gas-fired plants, we should remain open to “hydrogen ready” options, as well as the maturement of renewable gases such as biomethane and e-methane.

Reviving the debate on underground gas storage
The important role gas can play in meeting power demand has also revived the debate around underground gas storage. Embedded in the natural gas seasonal economy, storage is often forgotten in future planning. It has the capability of providing fast cycling services, enabling a mid-term storage delivery (storing gas for several days with the aim for it to become power) which is a smart complement to batteries (storing power for several hours).

Proven solutions for reliable grid service
The industry must consider solutions that are proven to deliver reliable service to the grid — supporting peak generation. At ENGIE, we operate fast cycling storage in the United Kingdom and are actively working on a Hydrogen Underground Storage Business Model with the UK government. As we investigate opportunities to assist with transmission and grid congestion, we must take into consideration lead time on the execution of solutions (such as underground storage), as well as the regularity of investment decisions to enable a delivery at the right time.

Shaping the future of energy
At this moment, it’s exciting to work in the energy industry, as we have been given the opportunity to collaboratively shape the energy systems of the future. By utilizing renewables sources for generation efficiency, looking at assets that enable flexibility on the grid, remaining open to hydrogen-ready options, and valuing underground gas storage, we are empowering low-carbon energy solutions to meet the unprecedented demand for power and facilitate faster infrastructure and power generation development.

/by
, , , ,

Utility-Scale Renewable Projects

The success of utility-scale renewable projects hinges on more than just energy production; it depends on the strength of relationships with local stakeholders and meaningful investment in the communities. This means that companies must not just earn but also maintain their social license to operate within a community. By adopting a long-term perspective, companies can safeguard their projects. That perspective will not only contribute to sustainable energy goals but also support local development and foster enduring community relationships.

Relationship building matters
As owners and operators of utility-scale renewables projects, we understand that we will be present in these communities for decades to come. With any power production facility, it is natural to think of the physical infrastructure, but we must be mindful that there are people behind every one of our projects. As such, we need to engage with a wide range of community members: from local business owners, landowners, elected officials, first responders, educators, and more.

When considering a location for a new utility-scale wind, solar or battery project, we invest an appreciable amount of time in research to understand the needs of the community. Our engagement approach focuses on discerning the unique needs and aspirations of each community with the goal of understanding what is important within the community and building meaningful relationships around their needs. As we move forward with a project, the engagement process continues. We look to build ongoing relationships with the local schools as well as vocational and community colleges. We look for opportunities to celebrate certain project milestones with the community. For example, when we begin the operations phase of the project, we celebrate with a ribbon cutting ceremony to thank all the people who helped make the project possible. Additionally, we ensure that the project’s site manager is connected to the community as a means of encouraging ongoing communication.

Landowners are key to our projects
Landowners are foundational for the success of clean energy. We are proud to help them protect their family legacy by providing additional financial security through our projects. From the very beginning of a project, our team connects with landowners, gauging their interests and establishing long-term relationships. We ensure two-way communication with our landowners throughout the project lifecycle, keeping them informed and involved at each phase of our projects.

Open dialogue in community opposition
When undertaking any large-scale infrastructure project, it is unlikely to have unanimous agreement. Community concern is one of the leading causes that renewable energy projects are cancelled or significantly delayed, according to the Lawrence Berkeley National Laboratory. We believe that dialogue, even when difficult, is a critical part of the public engagement process. We are present in community meetings and take an active engagement approach to hear concerns and discuss options.

Supporting local economies
When becoming part of a community, supporting the local economies is important. Our projects create an economic ripple effect that goes well beyond our immediate operations. This includes construction, long-term job creation and the potential for local businesses to support the construction and ongoing operations. By infusing substantial tax revenues into local economies, we support new investments in local schools, roads, bridges, and other community services.

Safety is our number one priority
Safety is not only a requirement; it is a responsibility. Safety is something we take seriously and work to ensure safety measures are in place throughout our operations on a project. We engage and partner with local emergency services by providing them with additional training and insight to ensure they are prepared to respond to any situation at our sites. Operating in a safe and secure manner is our top priority to ensure the wellbeing of our neighbors, our employees, and the broader community.

Driving positive change — globally and locally
In the communities where we operate, it is essential to prioritize engagement, open dialogue, and long-term commitment. With these practices, not only are our projects advancing the future of clean energy, but they are also contributing to local economic and social development. As we continue to build, operate, and manage these projects, we remain steadfast in our commitment to be safe, responsible, and responsive owners and operators and create lasting positive impacts — locally and globally.

If you have any questions, concepts, or ideas, or would like to learn more about our work in community engagement, please feel free to reach out.

/by
, , , , , , , , , , , ,

ENGIE among the top ranking world companies!

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

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

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

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

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

/by
, , , , , ,

ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.

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

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

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

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

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

###

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

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

/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