Welcome to our dedicated page for Engie news (Ticker: ENGIY), a resource for investors and traders seeking the latest updates and insights on Engie stock.
Engie SA (ENGIY) is a global energy leader driving the transition to low-carbon solutions through renewable infrastructure, smart energy services, and decarbonization partnerships. This dedicated news hub provides direct access to Engie's official announcements and verified financial updates.
Key resources for stakeholders include quarterly earnings reports, project commissioning updates, and strategic partnership disclosures. Users will find timely information on renewable energy expansions, carbon reduction targets, and operational developments across Engie's global markets.
Comprehensive coverage includes regulatory filings, leadership changes, technology innovations, and sustainability initiatives. The curated collection serves investors analyzing performance trends, journalists verifying facts, and partners tracking engagement opportunities.
Bookmark this page for streamlined access to Engie's evolving strategy in energy transition. All content is sourced directly from company communications to ensure accuracy and timeliness.
ENGIE North America has expanded its partnership with Ares Management Infrastructure Opportunities funds, adding a new 0.9 GW portfolio of renewable assets in the U.S. The portfolio includes three operational solar projects across ERCOT and MISO regions, plus one co-located battery storage project in ERCOT. ENGIE will maintain a controlling stake and continue managing these assets.
This expansion brings the total partnership investment to 3.7 GW of U.S. generation capacity. ENGIE currently operates over 11 GW of renewable production across the U.S. and Canada, with 51 GW globally. The company aims to reach 95 GW of renewables and storage by 2030.
The transaction aligns with ENGIE's strategy to recycle capital and expand renewable generation in North America, responding to increasing power demand while advancing their goal of achieving net-zero carbon by 2045.
ENGIE pre-orders 5 million nature-based carbon removal credits from Catona Climate, set for issuance between 2030 and 2039.
This collaboration aims to enhance ENGIE's decarbonization strategy, addressing residual emissions and meeting Net Zero targets by 2045.
By securing long-term offtake agreements, ENGIE intends to attract capital for nature-based carbon removals and scale the market.
Both companies emphasize the importance of high-quality, impactful projects benefiting local ecosystems and communities.
ENGIE Impact has been recognized with the 2023 Partner of the Year for Sustained Excellence Award and the Service and Product Provider Award by the U.S. Environmental Protection Agency, marking its 17th and 19th consecutive wins, respectively. These awards highlight ENGIE Impact's role in aiding major corporations in sustainability and decarbonization efforts.
Over the past six years, the company has helped clients save nearly $1 billion through reduced energy use and cut greenhouse gas emissions equivalent to 900,000 vehicles annually. ENGIE Impact supports numerous Fortune 500 brands in their journey toward Net Zero.
ENGIE Energy Marketing NA, Inc. has partnered with BKV Corporation to create a framework for a new product in the U.S. carbon credits market, focusing on carbon sequestration. This initiative aims to establish verified carbon credits by using advanced emission monitoring technologies. Project Canary will provide data analysis to ensure transparency and accountability. The partnership is positioned as a pioneering effort in developing a differentiated offering for buyers in the energy sector, with BKV's facility in Texas set to be one of the first permanent commercial sequestration projects.
ENGIE North America has acquired a portfolio of 6 GW of solar and battery storage projects from Belltown Power U.S. The transaction includes 33 projects, with approximately 2.7 GW of solar and 3.3 GW of battery storage, enhancing ENGIE's existing renewable capacity in North America, which stood at 3.9 GW as of June 30, 2022. This acquisition is expected to accelerate the company's role in the energy transition and improve grid reliability across various regions, including ERCOT and PJM.
ENGIE North America has expanded its microgrid offerings with a new installation at Santa Barbara Unified School District in California. This project, featuring 4.2 megawatts of solar energy and 3.8 megawatt hours of battery storage, aims to provide reliable backup power, offsetting 90% of energy use. Expected savings of nearly $8 million over the project's lifetime highlight its financial viability, bolstered by potential funding from the Inflation Reduction Act. With California facing numerous power outages, this initiative stands as a model for energy resilience in schools.
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