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Share Name Share Symbol Market Type Share ISIN Share Description
Energiser Investments Plc LSE:ENGI London Ordinary Share GB00B06CZD75 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.65 0.60 0.70 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.1 -0.1 - 0

Energiser Investments Share Discussion Threads

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DateSubjectAuthorDiscuss
24/8/2021
11:05
European gas prices fall amid restored deliveries from Russia 24 Aug, 2021 08:50 Get short URL European gas prices fall amid restored deliveries from Russia © Pixabay.com 31 Follow RT onRT Russian natural gas supplies over the Yamal-Europe pipeline soared almost twofold on Monday, returning to early August figures, data from the European gas transport operator Gascade showed. According to Gascade, gas pumping via the Yamal-Europe gas pipeline surged by 77% (from 4pm to 5pm) to 2.71 million cubic meters per hour from about 1.5 million cubic meters per hour. European gas prices dropped by almost 2% to $493 per 1,000 cubic meters or €41.125 per MWh on the back of growing supplies, ICE data shows. Also on rt.com Russian Nord Stream 2 pipeline may start pumping gas to Europe this year, says Austrian energy major OMV The resumption in gas deliveries from Russia through the Yamal-Europe gas pipeline follows a fire that broke out at Russian energy giant Gazprom’s Urengoy plant in Siberia on August 5. The fire was localized the following day, but the volume of gas transferred from the facility wasn’t fully restored until now, leading to a natural gas price spike in Europe. For more stories on economy & finance visit RT's business section
la forge
24/8/2021
09:00
ENGIE: Medium Term Transformation In Progress Aug. 24, 2021 1:56 AM ETENGIE SA (ENGIY), ENGQF Summary ENGIE has agreed to the sale of its 11.5% stake in GRTgaz at an attractive RAB premium of c. 48%. With other planned disposals also in progress, the strategic shift appears to be on track. Yet, shares trade well below EU peers despite the re-rating potential and the c. 4% yield on offer. ENGIE (OTCPK:ENGIY), a French-based global utility company supplying electricity, gas, and energy services, may have outperformed yet again at its H1 '21 results, but the key highlight was the disposal of its stake in GRTgaz for a c. €1.1 billion price tag (implying a considerable premium to the RAB ("regulated asset base"). Beyond the highly favorable valuation benchmark the sale provides for Engie's gas infrastructure assets, it also illustrates that management is progressing well on its medium-term strategy to simplify the company. As such, I am bullish on Engie's plans to create a more straightforward infrastructure/renewable-focused group over the medium term and see a clear re-rating path ahead. In the meantime, shareholders get paid a c. 4% dividend yield to wait. Making Progress on GRTgaz with Latest Stake Sale Alongside its earnings results, Engie has signed a binding agreement with Caisse des Dépôts and CNP Assurances (both already minority shareholders) for the sale of its 11.5% stake in GRTgaz (gas transmission in France). The agreement values the GRTgaz group's total equity at €9.75 billion or an enterprise value of €14.6 billion, implying a c. 12x EV/ EBITDA valuation. In turn, the sale price also implies a RAB premium of c. 48%, which is certainly impressive for a minority stake in gas networks. In addition to the partial reduction in Engie's holding, the transaction will also feature a simplification of the GRTgaz group structure, which will lead to GRTgaz taking full ownership of Elengy (up from c. 82% currently). I view the transaction as a significant positive – not only does it represent another value crystallizing disposal for the group (implying a 1-2% positive impact on Engie's market cap), but it also helps to reduce Engie's net financial debt by c. €1.1 billion. From a broader perspective, the accretive sale also validates the case that there is value in the rest of the gas networks assets in the Engie portfolio despite the market remaining unwilling to capitalize the remaining c. 64% stake in GRTGaz at the implied deal multiple (note shares were slightly down post-announcement). Nonetheless, the deal is on track to close by year-end, and with similar disposals in the pipeline, I remain optimistic on a re-rating of the gas assets down the line. Medium Term Disposal Plan on Track Since the strategic shift outlined by management at its previous investor day, Engie has made impressive progress, disposing of its 29.9% stake in Suez for €3.3 billion and signing the sale of EVBox for c. €200 million, leading to a total of €3.6bn in the last year. Engie has since guided for a €9-10 billion disposal plan from 2021-2023, including Customer Solutions business Equans and another c. €2 billion tranche of disposals. On the former, expect steady news flow over the upcoming month – per recent news reports, Engie is kicking off an auction process for some of its services assets, with initial bids (expected in September) already valuing Equans in the €5-6 billion range. On the other hand, there will be some dilution at the EBIT level from the medium-term disposal plan – management has guided for a c. €700 million EBIT dilution scenario over the 2021-2023 period, mainly from the planned Equans sale. On balance, however, I view the disposals as a net positive, as it helps to de-risk the overall group, and depending on how the sale of Equans is structured, Engie still has options to manage the dilution side of the rotation (e.g., by executing in stages). With commodity prices also on the rise, expect higher profitability for Engie's supply activity and potentially its IPP business as well, both of which should help offset any earnings headwinds ahead. Strategic Transition to Infrastructure Underpins Incremental Upside In addition to the disposal plans, shareholders also stand to gain from a focus on infrastructure-like activities such as regulated networks, renewables developed on the balance sheet, along with contracted heating/cooling and cogeneration. A simpler group structure producing a visible and steady earnings stream on which the market can apply similar multiples to other bond proxy utilities in the sector (e.g., renewables peers) would likely be accretive. Assuming successful execution, the strategic shift should support a material re-rating of Engie's other activities, supporting the case for value unlocking ahead. Source: Engie Strategic Update Presentation Slides (2021) Alternatively, the planned transition would also make Engie a compelling M&A target for infrastructure or oil & gas funds/companies (with a lower cost of capital) looking to redeploy capital away from fossil fuels. Furthermore, Engie is currently trading at a considerable valuation discount to peers Enel (OTCPK:ESOCF) and Iberdrola (OTCPK:IBDRY) despite operating out of northern Europe. Considering Enel and Iberdrola are tied to higher Italian and Spanish underlying sovereign yields, I think Engie should instead trade at a premium multiple (note French 10-year bonds are negative yielding while similar durations in Italy and Spain offer modest positive yields). Final Take Overall, I like where Engie is going with its strategy, and considering its progress on the planned disposals, I see further positive catalysts ahead. Yet, Engie shares have been range-bound in recent months, even moving down slightly after an excellent quarterly earnings release. This seems unjustified, especially with earnings already growing ahead of expectations, disposals coming in at good valuations, and a near-term catalyst in the form of the Equans sale ahead (targeted before year-end). Trading well below peers at the current EV/EBITDA of c. 7x despite a dividend yield of c. 4%, Engie remains a great pick in the EU utilities space.
la forge
21/8/2021
07:55
Only 15 km left to finish Nord Stream 2 pipeline, Putin says Aug. 20, 2021 3:33 PM ETPublic Joint Stock Company Gazprom (OGZPY)BASF SE (BASFY), ENGIE SA (ENGIY), OMV Aktiengesellschaft (OMVJF)... By: Carl Surran, SA News Editor Russia's President Vladimir Putin says only 15 km remain to be completed on the Nord Stream 2 gas pipeline from Russia to Germany, despite U.S. sanctions that have slowed the $11B project. Russia is ready to transit gas via Ukraine after the current contract expires in 2024, but needs to have contracts to supply its consumers in Europe, Putin said today following a meeting with German Chancellor Angela Merkel in Moscow. "We need to get an answer from our European partners on how much they are ready to buy," Putin said. "We cannot sign a transit contract if we don't have supply contracts with our consumers in Europe." Meanwhile, the Biden administration says it is imposing sanctions on two Russian entities over their involvement in Nord Stream 2 but will leave in place a waiver that spared the company overseeing the construction and its top executive. Russia's state-run Gazprom (OTCPK:OGZPY) leads the project, which includes Western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY). Gazprom said earlier that the pipeline should deliver the first batches of natural gas to Germany this year.
waldron
19/8/2021
19:16
Nord Stream 2 pipeline can ship gas this year, Gazprom says Aug. 19, 2021 11:59 AM ETPublic Joint Stock Company Gazprom (OGZPY)BASF SE (BASFY), ENGIE SA (ENGIY), OMV Aktiengesellschaft (OMVJF)...By: Carl Surran, SA News Editor11 Gazprom (OTCPK:OGZPY) says the Nord Stream 2 pipeline should deliver the first batches of natural gas to Germany this year, and could supply 5.6B cm of natural gas to Europe this year. The new pipeline will help ease a supply crunch in the European market, and Gazprom's statement sent TTF European benchmark gas futures down as much as 12%. The Nord Stream 2 consortium says the pipeline is 99% complete, with the Russian Fortuna pipe-laying vessel nwo working on the final part of the construction. The Gazprom-led project includes partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
waldron
19/8/2021
14:47
Engie commissions 200MW solar power project in Gujarat, India PowerSolarPV By NS Energy Staff Writer 19 Aug 2021 The solar plant at the Raghanesda Solar Power Park will produce around 546GWh of clean power and reduce 387,056 tons of carbon dioxide emissions annually ENGIE-Solar-Power-Plant-Gujarat Engie completed the 200MW solar power project in 14 months. (Credit: ENGIE) French energy company Engie has announced the commissioning of a 200MW solar power project at the Raghanesda Solar Power Park in Gujarat, India. The company said that it has collaborated with various entities of the Gujarat government to build the solar plant. The project will produce nearly 546GWh of clean power, while offsetting 387,056 tons of carbon dioxide emissions annually. Engie India country manager Neerav Nanavaty said: “After overcoming several challenges at the site, the team is excited to announce the commissioning of this marquee project that is sure to boost the dynamic Indian solar industry and contribute towards decarbonising India’s energy mix. “We would like to thank all the public and private sector stakeholders and the local communities for their support and cooperation in helping us achieve this critical milestone in our renewable growth journey in India.” Located in Raghanesda, the solar power project is the second-largest photovoltaic (PV) project for Engie in India after the 250MW solar plant in Kadapa, Andhra Pradesh. Engie had won the project under a tender process held by Gujarat Urja Vikas Nigam (GUVNL), the state electricity regulation board in Gujarat. The project is underpinned by a 25-year power purchase agreement signed in August 2019 with Gujarat Urja Vikas Nigam (GUVNL). An implementation support agreement for the project was signed by Engie in October 2019 with Gujarat Power Corporation Limited (GPCL), the owner of the Raghanesda Solar Power Park. Engie had arranged debt for the solar power project under a long-term project financing arrangement with the Asian Development Bank (ADB) and Societe Generale. Spread across 380ha, the project was implemented through Engie’s special purpose vehicle called Electro Solaire. It was wrapped up in 14 months, involving more than 800 personnel. The solar power project features modules procured from Jinko and Longi and String. Its inverters were supplied by Huawei. Engie said that Sterling & Wilson, which was the balance of plant contractor, will also be the operations and maintenance (O&M) provider for a period of five years. With the commissioning of the solar plant at the Raghanesda Solar Power Park, Engie has grown its portfolio of developed power projects in India to 17 with more than 1.1GW of solar PV and 280MW of wind power.
florenceorbis
04/8/2021
08:31
Engie: Goldman Sachs goes long and marginally adjusts its target from EUR 16.10 to EUR 16.30.
maywillow
03/8/2021
16:07
French group wins geothermal project for cooling in Martinique Alexander Richter 3 Aug 2021 French consortium of Engie, TLS Geothermics and Storengy wins a project to develop a geothermal project aimed for cooling in the Caribbean territory of Martinique. Already announced early last month, French companies Storengy, TLS Géothermics and ENGIE Solutions have won the call for expressions of interest launched by the partners of the Territorial Energy Management Program for the development of geothermal energy in Martinique, a Caribbean territory of France. This regional development project, launched at the end of 2020 by ADEME and the Territorial Collectivity of Martinique, will make it possible to create a new cold distribution network by developing natural resources and greening the island’s energy mix. A first in overseas France For the first time in France, a geothermal project will supply a cooling distribution network and will be used for various purposes, such as air conditioning for the Fort de France urban area. Storengy and TLS Geothermics have filed a research permit to explore the subsoil and the potential of geothermal energy. Storengy’s teams will be responsible for working on and managing the underground part of the project, i.e. underground studies and exploration in conjunction with TLS Geothermics, as well as permitting and associated drilling. Engie Solutions is bringing its expertise in heating and cooling networks to the project. The geothermal doublet will allow geothermal water to be drawn off and reinjected to ensure the sustainability of the resource and limit the impact on the environment. The heat energy extracted will be used to power an absorption refrigeration unit for cold production, or to meet heating needs. Source: Storengy
ariane
30/7/2021
11:53
Natural Gas World.com Engie raises 2021 guidance with better first-half results Jul 30, 2021 9:35:am Summary The French company is also making progress towards a simpler, lower-carbon future. by: William Powell Shrugging off the first-quarter losses in Texas, French energy company Engie announced improved first-half results July 30 as Europe's economy continued its recovery from the effects of COVID-19 and its own operations improved. It also raised its guidance for the year as its asset sales continue. And although Nord Stream 2 was not mentioned, as one of the five lenders to the project it can also expect to see its loan repayments start this year – if the pipeline flows then as planned. First-half Ebitda was €5.4bn, up 23.1% on an organic basis while Ebit was €3.1bn up 44.4% on an organic basis. Of that, half (€1.514bn) came from networks and a sixth (€492mn) came from renewables, down just 1.7% year-on-year despite the losses in Texas. And after a mild H1 202o, the cold winter the following year led to a gain of €284mn for its networks and supply businesses. It has sold a stake in French network operator GRTGaz for a large premium to its regulated value. Foreign exchange losses amounted to €107mn mainly driven by the depreciation of the Brazilian real and, to a lesser extent, of the US dollar. CEO Catherine MacGregor said the company had also made progress with its reorganistion, asset sales and development of renewable energy. "For the full year, taking into account the strong performance in H1 and improved expectations for the full year, we are upgrading our guidance for 2021,” she said. Its Belgian nuclear assets have delivered high levels of availability and the freeze in France and strong power prices are are also expected to contribute to a stronger financial performance than previously anticipated. As a result, Engie now expects profits of €2.5bn-2.7bn – €200mn more than at the time of its Q1 results – based on indicative 2021 Ebitda range of €10.2 -10.6bn and Ebit between €5.5bn and €5.9bn. Engie expects growth capital expenditure of between €15bn-€16bn in the 2021 to 2023 period and for this capex to be "more evenly phased across this period," with €5bn to be spent this year. It is still aiming for €9bn-€10bn of disposals over the three years, with €2.5bn achievable this year. Engie said it remains committed to a strong investment grade credit-grade rating.
waldron
30/7/2021
09:12
Engie Lifts 2021 Guidance on Stronger 1st Half Results; Selling Stake in French Gas Operator 07/30/2021 | 07:56am BST By Cecilia Butini Engie SA said Friday that it has raised its outlook for 2021 as earnings and revenue grew in the first half; separately, it said that it has agreed to sell part of its stake in French gas operator GRTgaz SA. The French power utility company posted net profit of 2.34 billion euros ($2.78 billion) for the first half, up from EUR24 million in the same period a year earlier, when the company's business was hit by the coronavirus pandemic. Revenue grew to EUR31.26 billion in the period, from EUR27.43 billion the year prior. The company raised its outlook for the full year, saying it now expects net recurring income in the range of EUR2.5 billion and EUR2.7 billion. The guidance is based on an indicative 2021 earnings before interest, tax, depreciation and amortization range of EUR10.2 billion and EUR10.6 billion, as well as on an earnings before interest and tax range of EUR5.5 billion to EUR5.9 billion. Separately, Engie said that it has agreed to sell 11.5% of GRTgaz stake to Caisse des Depots and CNP Assurances. The sale is part of Engie's execution of a strategic plan to rebalance its exposure from gas networks toward renewables and other infrastructure assets, it said. Engie currently holds a 75% stake in the gas operator. Write to Cecilia Butini at cecilia.butini@wsj.com (END) Dow Jones Newswires
waldron
27/7/2021
19:09
Upcoming events on ENGIE july/30/2021 Interim 2021 Earnings Release
grupo guitarlumber
22/7/2021
00:07
U.S., Germany strike a deal to allow completion of controversial Russian Nord Stream 2 pipeline Published Wed, Jul 21 20212:54 PM EDTUpdated 3 Hours Ago Amanda Macias @amanda_m_macias cnbc Key Points The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention between the otherwise stalwart allies. The agreement reached between Washington and Berlin, which was announced Wednesday, aims to invest more than 200 million euros in energy security in Ukraine as well as sustainable energy across Europe.
la forge
15/7/2021
23:38
Why Russia Is Refusing To Send Europe More Natural Gas By Vanand Meliksetian - Jul 15, 2021, 5:00 PM CDT Rising commodity prices have strengthened the economic outlook of resource-rich countries. Russia is taking advantage of this in a major way, with a particular focus on crude oil and natural gas. As Europe’s most important supplier of gas, Gazprom is well-positioned to reap major dividends. However, the state-controlled energy behemoth's lukewarm response to sending additional volumes to Europe could be a sign that the company’s strategy has changed. In 2020, Gazprom’s exports decreased from 199 bcm in 2019 to 170 bcm. The majority of this gas transits through Soviet-era pipelines from Russia to Belarus and Ukraine. Another 55 bcm capacity was added in 2011 with Nord Stream’s completion and will be double to 110 bcm when the heavily contested Nord Stream 2 pipeline starts pumping gas at some point in the next two years. The restart of the European economy has increased demand for commodities and led to substantially higher prices. Although LNG imports have increased over the years, the bulk of the natural gas is still transported through pipelines. Of these exporters, Russia is by far the largest and most influential country due to its sizeable energy industry and excess capacity. Although prices are favorable, Gazprom doesn't seem to be in a hurry to send extra volumes on top of the running contracts with European customers. After an exceptionally cold heating season, European storages are historically low which further boosts demand to prepare for the coming winter. Also, some parts of Europe are experiencing an unusually warm summer leading to higher demand for electricity to run air-conditioners. Under normal circumstances, coal-fired powerplants would fill the gap, but the price of CO2 on Europe’s ETS has doubled to €52 since November. Therefore, natural gas-fired powerplants, which emit almost 50 percent less, are in higher demand. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In the past, Gazprom would have quickly ramped up exports to satisfy additional needs with the ultimate goal of increasing market share. However, the Russian company has held off from booking extra transit capacity through Ukraine’s pipeline system. According to Nick Campbell, director at consultancy Inspired Energy, “so far this summer Gazprom has yet to purchase any capacity in the (Ukraine’s) monthly auctions. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Therefore, one could see this as a strategy to push Nord Stream 2 to completion.” Elena Burmistrova, director-general of exports at Gazprom, has denied the change in strategy although she has acknowledged the request from customers for additional volumes. According to critics her statement that more gas would flow with “the commissioning of the Nord Stream 2 pipeline” has confirmed Moscow’s intention regarding the pressing of Europe to finish the pipeline this year. The project has been delayed by U.S. sanctions. Nevertheless, Gazprom has remained firmly committed to Nord Stream 2's completion. Two Russian pipelaying ships have been working non-stop. One of the two strings is already finished and according to Nord Stream 2’s CEO Matthias Warnig the second string will be completed in August. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Another theory behind Gazprom’s reluctance to send additional volumes is a new profit-focused strategy from Gazprom. In the past, increasing market share was the main objective which sometimes went at the expense of profitability. Natural gas was, therefore, used as a political weapon in several crises with heavily dependent eastern Europe. State-owned Gazprom could now be prioritizing profitability over political influence. In that sense, the company's role would be more like OPEC’s with the difference that its influence is limited to Europe where it enjoys good connectivity with customers. The EU’s heavy focus on sustainability and decarbonization could have swayed the Russians into maximizing the value of their natural gas while there is a sizeable market. However, it could also be short-term opportunism. The price of natural gas on the European market has increased from $130 per 1,000 cubic meters in 2020 to $400 currently. The European market will almost certainly be undersupplied in the next few months, which could lead to sustained higher prices and few good options from the EU's perspective. By Vanand Meliksetian for Oilprice.com Https://oilprice.com/Energy/Natural-Gas/Why-Russia-Is-Refusing-To-Send-Europe-More-Natural-Gas.html
waldron
13/7/2021
14:05
Transportextra.com ENGIE brings EV charging to Farnham Waverley Borough Council connects into GeniePoint network 13 July 2021 Electric vehicle rapid chargers have been installed in the Surrey town of Farnham as part of an expansion of the ENGIE GeniePoint network. Richard Homewood, head of environmental and regulatory services at Waverley Borough Council, said: “We hope that by increasing publicly accessible electric vehicle (EV) charging points we can encourage wider adoption of electric vehicles in our towns, working towards improving both general air quality for residents and overall environmental...
grupo guitarlumber
12/7/2021
19:26
Nord Stream 2 construction work to be finished next month, CEO says Jul. 12, 2021 1:14 PM ETOGZPY, RDS.A...By: Carl Surran, SA News Editor9 Comments Construction of the Nord Stream 2 gas pipeline from Russia to Germany should be completed by the end of August and the link operational this year, with 98% of the pipeline now finished, CEO Matthias Warnig says. One 27.5B cm/year string has been completed with the remaining 2% of work to be carried out on the second 27.5B cm/year string, with another 2-3 months needed for pressure tests and certification, Warnig tells Handelsblatt. "The U.S. sanction threats have made our work much more difficult in every respect, and this also applies to certification," but in the end, "we will have a pipeline that meets all certification requirements and international industry standards," Warnig says. The Gazprom-led (OTCPK:OGZPY) project includes Western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY). The Biden administration decided not to impose sanctions against the Switzerland-based Nord Stream 2 company and its CEO, issuing waivers for both.
gibbs1
12/7/2021
16:57
TASS russian news agency 12 July 2021 17:36 12 Jul, 15:48 Second string of Nord Stream 2 almost ready — German Economy Ministry Nord Stream 2 gas pipeline construction activities can be completed in August, and the goal of the company is to launch the pipeline as early as this year BERLIN, July 12. /TASS/. The second string of the Nord Stream 2 gas pipeline is almost ready, and the technical expert examination and acceptance will follow, the German Economy Ministry says in its statement released on Monday. All permits to build Nord Stream 2 issued — German Economy Ministry "The so-called "technical acceptance" process is currently underway. Construction of the first string has been completed, and the second string is almost finalized. The technical expert review and acceptance will follow," the Ministry said. The permit for construction in German waters in the Baltic Sea, including the exclusive economic zone, was issued, it noted. "Issue of a permit for gas intake is in the competence of the Mining Authority of Stralsund. The technical expert review and acceptance are currently implemented as part of this process," the Ministry added. Nord Stream 2 gas pipeline construction activities can be completed in August, and the goal of the company is to launch the pipeline as early as this year, Managing Director of Nord Stream 2 AG Matthias Warnig, the pipeline project operator, said in the interview with Handelsblatt newspaper earlier.
la forge
12/7/2021
09:54
ENGIE restructures with four business units and a technical service arm By Clarion Energy Content Directors - 7.9.2021 To ensure greater simplicity in the way the multinational energy company is managed, ENGIE has rearranged its organizational structure with the establishment of four energy business units and a technical services arm. The new organizational structure, which came into effect on 1 July 2021, will help ENGIE increase its focus on core businesses to better operational performance, a statement from the group’s COO Catherine MacGregor states. MacGregor says the new structure will help the company better its global position in the energy transition. The new structure comprises: 4 Global Business Units: Renewables, Energy Solutions, Networks, Thermal & Supply. The units reflect the Group’s core businesses and will have accountability for their respective financial performance. A geographical platform structured with regional hubs for pooling the support functions, coordinating the entities at country level, in charge of managing Group’s local stakeholders and leveraging synergies across activities. Technical services arm EQUANS which operate as an autonomous entity within ENGIE, managed by its CEO Jérôme Stubler and his management team. With 74,000 employees in 17 countries and an annual revenue of over €12 billion, EQUANS will provide multi-technical services in growing markets. The arm aims to help ENGIE clients to speed up their energy, industrial and digital transformations by providing services in the Electrical, HVAC, Cooling, Mechanical, Digital & IT, Facility management sectors. Catherine MacGregor, ENGIE CEO, said: “Today marks an important step forward in the implementation of our strategic roadmap. We are very proud to announce the creation of EQUANS, an autonomous entity within ENGIE, known in recent months under the project name “Bright”. We are on track to deliver on our simplification plan through the positioning of EQUANS as a leader in multi-technical services and reaffirmming ENGIE as a leader in the energy transition, refocused on its growth markets and with a more industrial approach.” Jérôme Stubler, EQUANS CEO, added: “I would like to acknowledge the incredible work which has been accomplished during the last 6 months to create EQUANS.”
ariane
09/7/2021
18:04
[France] ENGIE (ENGI) Cours en temps réel. Temps réel Euronext Paris - 09/07 17:35:09 11.606 EUR +0.68%
grupo guitarlumber
09/7/2021
17:24
Https://www.france24.com/en/tv-shows/reporters/20210709-nord-stream-2-a-pipeline-too-far
maywillow
09/7/2021
09:36
ENGIE, Sigma & SHC unveil Three hundred new Sheffield homes By Kenneth Booth July 9, 2021 9:09 am More than three hundred Sheffield families now have the comfort of a brand new home as building work draws to a close on two major housing schemes in the city. Delivered by an award winning partnership – regeneration specialists ENGIE, Sigma and Sheffield Housing Company (SHC) – the duo of developments at Prince’s Gardens in Manor and East Hill in Norfolk Park are part of a £43 million housing investment. The success of the developments contributed to the partnership achieving Public Private Collaboration of the year at the recent Insider Property Industry Awards. The £32 million scheme at Prince’s Gardens includes 163 three and four bedroomed homes for private rent under Sigma’s Simple Life brand, and a further 93 three and four bedroomed homes for open market sale, through Sheffield Housing Company. The development has a strong connection with nature with a large recreational open space area at Woodthorpe Ravine to the rear of the site where natural ponds which provide natural management of surface water have been encouraged to form and in which wild-flowers thrive. The 77 homes at East Hill, a project with a value of £10 million, are a combination of 19 three and four bedroomed homes for open market sale through Sheffield Housing Company and 58 three and four bedroomed homes for private rent through Sigma’s Simple Life brand. The new developments have recently been given the seal of approval by Sheffield City Council’s Deputy Lord Mayor and Manor Castle Ward Member, Councillor Sioned-Mair Richards, who visited Prince’s Gardens to see the new homes first hand and to hear more about the benefits the development has brought for the community. Councillor Paul Wood, Executive Member for Housing, Roads and Waste Management at Sheffield City Council, said: “Good quality, affordable homes are vital to meeting the growing need for housing in Sheffield and in ensuring that residents have access to comfortable places to live in well-designed neighbourhoods. We’re working with our partners across the city to create high quality communities such as Prince’s Gardens that are well-located, close to amenities and offer the ability to both rent and buy. I am pleased to see the completion of this project and wish everyone the best of luck in their new homes.” Nathan Brough, Regional Director at ENGIE, said: “It is a real pleasure to work alongside our partners to help breathe new life into the area surrounding these schemes. “I’m thrilled that we have inspired a new generation of construction workers and that we have been able to make a difference to those who are moving in and those who are a longstanding part of the community.” The Prince’s Gardens and East Hill developments contributed to creating seven apprenticeship posts. Throughout the course of the work, in the region of £25.1 million has been spent with local suppliers, boosting local employment and the economy. Lee Catterall, Senior Project Manager for Sigma on behalf of Simple Life Homes, commented: “We’re delighted with the quality and demand for the homes across these sites. The success of both developments has been testament to the different strengths and expertise that each party has brought to the table, from quality of build and specification, property management, regeneration and community building. “As a landlord, Simple Life will be present on these developments for many years to come and we’re committed to supporting the new local community to flourish well into the future.” Steve Birch, Interim Project Director with SHC, a partnership between Sheffield City Council, Keepmoat Homes and Great Places Housing Group, added: “It is fantastic to see the addition of more homes, of all tenures to the city’s housing stock. “We have many more similar projects in the pipeline which are not only improving the quality and choice of housing but providing job and training opportunities and work for Shefield regional businesses that supply materials and development services.” Additionally, funding from the Department of Education, ENGIE and Sheffield City Council has enabled local young people to get a taste of the world of construction through the Building Block project. Building Block is a four-week progamme where participants sit a Construction Skills Certification Scheme health and safety test before completing a site-based placement, where they gain hands-on experience in a working environment. Altogether, 400 candidates have been a part of the course and 200 have progressed to secure long term employment. Activities to engage residents near to Prince’s Gardens have included an £8,000 donation to local primary school, St Theresa’s, which has been used to build a new library and purchase new books for the children. The library has been transformed with a new sensory roof, reading pods, a den and mezzanine area. A further £5,000 was donated to the school to create a relaxation and sensory room for the children.
la forge
08/7/2021
11:15
Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland July 08, 2021 02:30 ET | Source: Umicore ... Umicore and ENGIE sign a long-term PPA to supply renewable electricity to Umicore’s cathode materials plant in Poland ENGIE and global materials technology group Umicore have entered into a long-term corporate Power Purchase Agreement (PPA) to supply Umicore’s greenfield plant with renewable electricity in Nysa, Poland. It will be the first plant in Europe to produce cathode materials, key ingredients of rechargeable Li-ion batteries for electric vehicles. ENGIE will provide green electricity from its existing 100%-owned wind park in Pągów, Opole province, located 80 km from Nysa. The wind park was commissioned in 2012. This is the first PPA signed by ENGIE with an industrial company in Poland. The PPA will allow ENGIE to secure the economic viability of the wind park beyond the end of the current subsidy scheme. At the same time, the PPA will contribute to Umicore’s roadmap towards carbon neutrality by 2035 and secure long-term renewable electricity supply for the plant in Nysa. Umicore is leading the charge in sustainability by driving renewable energy projects and its commitment contributes to maximizing the lifetime of renewables on the Polish grid. Umicore’s Nysa plant is the first industrial cathode materials production plant in Europe and is soon to be commissioned. Initial commercial production volumes are expected year-end. Umicore will be using 100% green power on site as of the start of the operations. Eric Stab, CEO of ENGIE North, South and Eastern Europe, said: “As one of the most industrialized countries in Europe, Poland will be key for Europe’s carbon neutrality objectives. ENGIE, as a major renewable energy producer, sees many opportunities to develop green corporate PPAs in Poland in the coming years, considering the carbon reduction commitments taken by many international and Polish companies. ENGIE’s purpose and strategy are fully aligned with this target and ENGIE is ready to support Umicore, one of its historical customers in Belgium, in reaching its carbon neutrality objective in Poland.” Marc Grynberg, CEO of Umicore, said: “We are very proud that our cathode materials production plant, the first in Europe, will be carbon neutral as of the start of production. This sets Umicore well ahead of its peers and is an important step in our race to achieve net zero GHG emissions by 2035.” About UMICORE : Umicore is a global materials technology and recycling group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life. Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues (excluding metal) of € 3.2 billion (turnover of € 20.7 billion) in 2020 and currently employs 10,800 people More information: Investor Relations Saskia Dheedene +32 2227 72 21 saskia.dheedene@umicore.com Eva Behaeghe +32 2 227 70 68 eva.behaeghe@umicore.com Media Relations Marjolein Scheers +32 2 227 71 47 marjolein.scheers@umicore.com 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, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
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