Engie SA

ENGIE SA engages in the provision of electricity, natural gas, and energy related services. It operates through the following segments: Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others. The Renewables segment is involved in the renewable energy generation activities, including financing, construction, operation and maintenance of renewable energy facilities, using various energy sources such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal. The Networks segment focuses on electricity and gas infrastructure activities and projects. The Energy Solutions segment consists of construction and management of decentralized energy networks to produce low-carbon energy heating and cooling networks, distributed power generation plants, distributed solar power parks, low-carbon mobility, low-carbon cities, public lighting, and related services. The Thermal segment centralized power generation activities using thermal assets, whether contracted or not includes the operation of power plants fueled mainly by gas or coal, as well as pump-operated storage plants. The Supply segment relates to the sale of gas and electricity to end customers, whether professional or individual. It also includes all the group's activities in services for residential clients. The Nuclear segment refers to nuclear power generation activities with seven reactors in Belgium and drawing rights in France. The Others segment encompasses energy management and optimization activities, the B2B supply activities in France, GTT, corporate, and holding activities. The company was founded on April 8, 1946 and is headquartered in Paris, France.

MILAN--(BUSINESS WIRE)--As part of the global transition from research to commercial deployment of cleantech technologies, Energy Dome, a visionary long-duration energy storage (LDES) technology company, and ENGIE a global reference in low-carbon energy and services, have signed an offtake agreement for the first full-scale CO2 Battery developed by Energy Dome in Ottana, Sardinia, Italy. At the time of commissioning in the first quarter of 2025, the CO2 Battery will be one of the few operationa.

Energy Dome and ENGIE Sign Pioneering Storage Offtake Agreement

Engie's Q3 results exceeded expectations, with EBIT at €8.1 billion and net recurring income projected at the upper end of guidance ranges. The company's strong cash flow and lower-than-anticipated financial costs support a positive outlook, with a dividend yield of 7–10% until 2027. Despite regulatory risks in France and the USA, ENGIY's growth strategy in renewable energy and robust operational performance drive our buy rating.

Engie: Supportive Earnings And Yields

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French utility Engie said on Thursday its nine-month earnings fell 11% from a year earlier, as higher hydropower and renewable energy output failed to fully offset lower income from its gas trading business.

Engie reports 11% fall in nine-month earnings

Engie to provide Meta with 260 MW of renewable energy from US solar plant

Morocco's phosphates and fertilizer giant OCP and French energy firm Engie signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to 17 billion euros ($18 billion) in desalination, renewable energy and green hydrogen, a source close to the deal said.

Engie and Morocco's OCP renewables deal worth billions, says source

Engie SA has derisked its business significantly over the past 24 months, offering solid yield and potential upside. Lower interest rates make utilities like ENGIY more attractive, with stabilized power prices and falling government bond yields. Engie's valuation and yield patterns are appealing, especially given the current state of the French market.

Engie: Finding More Value In France With A 'Buy'

$40 Million in net Energy Savings; 33 New eBuses, Solar, and Microgrid Infrastructure Highlight Project $40 Million in net Energy Savings; 33 New eBuses, Solar, and Microgrid Infrastructure Highlight Project

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

Engie Brasil was the big winner of a power transmission auction held by Brazil on Friday, securing a contract to build transmission lines and substations in five states with investments of 2.9 billion reais ($533.8 million).

Engie the big winner of Brazil's second power transmission auction of 2024

HOUSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) -- ENGIE announces it has reached more than 1.8 GW of Battery Energy Storage System (BESS) capacity in operation across the United States, confirming its rapid growth in Battery Energy Storage Systems (BESS) to meet the needs of the grid. Since the beginning of 2024, the Group added around 1 GW of new BESS capacity to its operating portfolio in North America. This new milestone strengthens ENGIE's position as a leader of the energy transition in the United States, where the Group already has significant footprints through its renewable assets and its energy management platform.

ENGIE reaches more than 1.8 GW of Battery Energy Storage Systems installed capacity in the U.S., of which 1 GW added since January 2024

The new upgraded guidance is not reflected in the consensus. This is supportive of the company's equity story. We see support from Engie's renewable capacity addition and lower debt. The company trades at a significant discount to peers. Therefore, we confirm our buy rating.

Engie: 2024 Guidance Upgraded, Buy Reconfirmed

Engie CEO Catherine MacGregor said on Friday that Engie had submitted an offer to buy a UK asset but that the French company's offer was ultimately not retained.

Engie CEO: we made an offer to buy a UK asset but this was rejected

French power company Engie said on Friday its first-half earnings fell 16% as a warmer winter reduced demand for gas to heat Europe's homes, yet the firm lifted its guidance for the full year.

France's Engie says profits fall 16% in first half

Iberdrola SA

European utility Engie has joined forces with Canada's second-largest pension fund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter.

Engie, CDPQ team up in race against Iberdrola for UK's Electricity North West, sources say

French energy company Engie has agreed to partner with Australian infrastructure investor Macquarie Asset Management to expand the Mayakan natural gas pipeline in Mexico, the two companies said in a statement on Thursday.

Engie to partner with Macquarie in Mexican pipeline project

Yucaipa, Calif. and Houston, June 20, 2024 (GLOBE NEWSWIRE) -- The Yucaipa Valley Water District (YVWD) has initiated groundbreaking on its resiliency and clean energy water and wastewater project. The project includes the installation of 7 megawatts (MW) of solar power, a 3.3 MW/13 megawatt hour energy storage system, and 3.2 MW of natural gas generators coupled with microgrid controllers. The program is designed to advance clean energy adoption and the energy efficiency of water management at two key locations: the Yucaipa Valley Regional Water Filtration Facility and the Wochholz Regional Water Recycling Facility. A Southern California-based team from ENGIE North America (ENGIE) will manage the construction, ownership, and operation of the systems.

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

The preorder of 5,000,000 nature-based removal credits from Catona's carbonportfolio will enable ENGIE to flexibly source removals from multiple high-impactprojects with locked-in pricing through 2039. LOS ANGELES , June 4, 2024 /PRNewswire/ -- Global leader in the net zero energy transition, ENGIE, has pre-ordered 5 million tonnes of nature-based carbon removals issuing 2030-2039 from climate finance company, Catona.

ENGIE and Catona Climate join forces to scale supply of nature-based carbon removals

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

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

Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.

Engie Backs Outlook Despite Dip in Earnings

French energy company Engie on Friday said first-quarter earnings fell 3.2% due to a warmer-than-usual winter depressing natural gas demand and less volatile prices.

Engie Q1 income drops on warmer winter, steady market

Oceanside, California and Houston, May 01, 2024 (GLOBE NEWSWIRE) -- The City of Oceanside, in collaboration with ENGIE North America (ENGIE), announced plans for a transformative energy initiative aimed at enhancing sustainability, reducing costs and fostering community engagement.

City of Oceanside and ENGIE Announce a 30-year Comprehensive Energy Project

French energy firm Engie plans to sell its stake in Morocco's largest coal plant in Safi (SAFIEC), to focus on renewables and energy infrastructure, the company's North Africa director said on Friday.

News for Engie SA Stock (ENGIY)