39 Facts About Engie

Engie SA is a French multinational utility company, headquartered in La Defense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum.

Engie is listed on the Euronext exchanges in Paris and Brussels and is a constituent of the CAC 40 index.

Engie was headed from 2016 to 2020 by Isabelle Kocher, who strongly transformed the company, notably by deciding to exit coal activities and by investing massively in renewable energy and energy transition services.

Engie's capital was partially floated on the Paris Stock Exchange in July 2005, raising €2.

On 2 March 2017, Engie acquired Keepmoat Regeneration for £330m to form the places and communities division, headed up by Keepmoat LTD's former CEO Dave Sheridan.

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The operation allows Engie to develop on its strategic axis of energy infrastructure as well as in Brazil, one of the priority countries.

In 2021, Engie was ranked fiftieth in the Arctic Environmental Responsibility Index that covers 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.

Since 2014, Engie has operated a strategic shift, by reducing future exploration in fossil fuels and investing massively in renewable energies and energy efficiency services.

In 2015, Engie announced its decision to stop new investments in coal plants and to dispose of €15 billion in assets in order to reinvest into projects that promote low-carbon, distributed-energy.

Engie announced it will invest €22bn in renewable energies, energy services such as heating and cooling networks, and decentralized energy technology.

In 2016, Isabelle Kocher defined the strategy of Engie as follows: to promote decarbonized energy, decentralized energy, and digitized energy .

Engie started promoting an open innovation approach with a dedicated entity named "Engie Fab" focused on the development of intelligent networks, Internet of objects, green mobility, energy storage, and hydrogen.

Between 2016 and 2018, Engie invested €15 billion in new activities, financed by the sale of coal and upstream oil and gas.

Engie's says it might be "the invention of a new industry" of a 1 billion dollar potential value.

Engie operates a natural gas-fired combined cycle power plant in Dunkirk.

Engie generates electricity in a number of countries outside France.

Engie generates electricity through various types of plants, including thermal power, nuclear power, combined heat and power, wind farms, hydroelectric and biomass.

In November 2016, Engie signed an agreement with Moroccan energy company Nareva.

In January 2017, Engie has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project in Saudi Arabia, the most efficient cogeneration plant in the country.

In October 2015, Engie announced that it will no longer build coal-fired power plants.

Gerard Mestrallet said projects for which Engie had already entered into firm commitments would be honored, but projects, where contracts had not yet been signed, will de facto be suspended.

In February 2016, Engie announced the selling of its stakes in the Paiton power plant located in Indonesia and in the Meenakshi power plant located in India.

Engie announced the closing of the Rugeley power station in England.

In February 2019, Engie announced the definitive exit of all coal activities.

Engie has won bids for several solar and wind projects since 2016: a 338 MW solar project in India, 209 MW in contracts for solar and wind projects in Mexico, and a 40 MW solar project in Peru.

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Engie invested in Heliatek, a German company pioneering technologies in organic photovoltaics, in September 2016.

Engie built its first international geothermal power generation plant in Indonesia.

In October 2016, Engie developed France's first marine geothermal power station in Marseilles.

In February 2019, Engie announced plans to add 9 gigawatts of renewable energy generation capacity to its portfolio by 2021, as part of its plan to accelerate the investments in renewable and low carbon energies.

Engie covers the whole biomethane chain, from project development with farmers to distribution to the final clients.

In 2016, Engie has negotiated new contracts for gas supply around the world: an agreement with UkrTransGaz, Ukrainian transmission system operator, on gas transmission and storage; an agreement with AES Andres to foster growth in LNG and natural gas sales in the Caribbean.

Engie committed the Neptune, one of the two FSRU of its fleet, to deliver LNG to the first floating LNG import terminal in Turkey.

In China, after an LNG supply agreement with Beijing Gas, Engie is looking at opportunities in the underground gas storage to hold stocks to meet seasonal demand.

The bunkering vessel Engie Zeebrugge performed for the first time in the port of Zeebrugge, Belgium, in June 2017.

Engie signed in 2016 a technical and commercial cooperation contract with Goteborg Energi to push further the industrialization of the dry biomass-to-gas production approach.

Engie is involved in the Ambigo project, the first dry biomass-to-gas project which will be located in Alkmaar, Netherlands.

In March 2017, Engie acquired the Dutch EVBox, one of the suppliers in electric vehicle charging.

Engie Cofely is a subsidiary of energy efficiency and environmental services.

Engie is administered by a board of directors of 13 members:.