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[waldron] 07/2/2018 16:41

ENGIE Acquires Leading Ontario Power System Specialist, PBW High Voltage
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February 07, 2018 11:17 ET | Source: Engie Services Inc
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TORONTO, Feb. 07, 2018 (GLOBE NEWSWIRE) -- ENGIE Services Inc. today announced it has acquired PBW High Voltage Ltd, an Ontario-based power system specialist. This transaction brings together two highly respected and long-standing companies as PBW is currently in its 22nd year of operation. ENGIE Services welcomes PBW employees and looks forward to their continuing commitment to the business and their customers. The combined expertise is expected to greatly benefit the customers of both companies. PBW will remain an autonomous entity within the ENGIE Services group and will expand its current activities with the group’s support. They will be moving their operations to the ENGIE facilities in Mississauga in 2018.

"We are delighted to have PBW join the ENGIE Services family," Jean-Luc Billiani, ENGIE Services Inc. President and CEO stated. "The strategic and commercial fit between the two companies and their respective networks represents an opportunity for continued growth. PBW’s reputation for providing excellent service fits ENGIE’s mission, and I know it will be a great partnership."

“PBW will be working directly with us and will complement our electrical division,” Louie Cosolo, ENGIE MultiTech CEO affirmed. “They will add to our strengths and opportunity for growth as we focus on the transportation and rail markets in Ontario, as well as other markets such as data centres.”

Mike Penny, President of PBW High Voltage Ltd Inc., added, "Joining the ENGIE team is a great opportunity for our staff and for expansion in the Canadian market. This combination will allow us to bring new products and services to our current and future customers."

About ENGIE Services and ENGIE MultiTech

ENGIE Services Inc. is a provider of energy efficiency, facility management services and outsourcing for companies and communities. ENGIE MultiTech is a multi-trade contractor that provides mechanical, electrical and data cabling services. Our experts design, develop and manage tailored, smart and sustainable solutions for our customers’ benefit from hospitals, airports to office parks and industrial sites.

ENGIE Services and ENGIE MultiTech are part of ENGIE in North America, which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG), distribution and sales, retail energy sales and energy optimization services, facility management and mechanical and electrical construction. ENGIE (formerly GDF SUEZ) employs more than 153K people worldwide and achieved revenues of CAN $94.8 billion in 2016.

About PBW High Voltage Ltd.

PBW High Voltage Ltd specializes in design and construction of medium and high voltage substations and distribution systems for industrial, commercial and institutional customers. They design and build medium and high voltage electrical solutions as well as underground infrastructure, foundations and associated civil work to assist customers with complex technical requirements. PBW has been identified as a key partner to provide substation and catenary work for rail projects in Ontario as well as high and low voltage temporary power solutions to construction sites.

CONTACT:

Marie-Claude Cabana
Senior Marketing and Communications Advisor
[e-mail]
1 877 455-8780, ext. 2554

[maywillow] 07/2/2018 13:47

BIM: Engie signs new acquisition and displays ambitions

Interviewed by Julie Nicolas. - MONITEUR.FR - Published on 07/02/18 at 08:00

Keywords: Software - Help Tools

Since the launch of its "BIM Factory" in September 2017, Engie Axima joined Decode BIM in November and signed on February 6th the acquisition of the SXD group. Two steps that are part of a more global strategy: combining the strengths of the group and those of external acquisitions to form a BIM offer. Raphaël Contamin, director of the BIM Factory, details the project for Le Moniteur.


Raphaël Contamin is director of the BIM Factory within the Engie group.

Photographer-author Siret: 537 438 673 00015 - Raphaël Contamin is director of the BIM Factory within the Engie group.
LeMoniteur.fr: How does the BIM Factory fit into the Engie Group's strategy?

Raphaël Contamin: The group has undergone a profound transformation: in the last two years, non-strategic activities such as electricity generation from coal, new nuclear projects, oil exploration and production have been halted in order to reinvesting in growth-enhancing businesses, of which BIM is one. Engie Axima, a subsidiary operating in design, construction and maintenance in buildings and industry, had been using BIM for several years for its traditional trades (HVAC, fire protection, refrigeration).

It is therefore logically that Axima has chosen to build a BIM offer for its customers by associating BIM Factory, within its dedicated entity, with its in-house expertise to that of pioneering BIM companies such as Decode BIM or SXD. The creation of this entity results from a simple observation: the BIM will become a standard and represents an important growth potential.


LeMoniteur.fr: What are your projects with BIM?

Raphaël Contamin: We believe that BIM has significant value potential for our customers. If we succeed in convincing them, a large market will open, and we aim for a turnover of 100 to 150 million euros in 4 to 5 years. In order to achieve our objective, we first focus on external growth, hence the integration of Decode BIM in November, and yesterday's acquisition of the SXD Group. With 35 employees and 3.4 million euros in turnover, the SXD group brings us a strong punch, and iconic BIM references such as the Louis Vuitton Foundation in Paris, the redevelopment of the Lausanne Station, the Tower Saint Gobain in La Défense, the Tour Sisters in Courbevoie (Hauts-de-Seine) or the construction of the Doha metro. Other acquisitions or partnerships will take place in order to offer our clients the most complete and structured range of offers and know-how on the market.

One of our strengths is our ability to support our customers in BIM from conception to the end of their life as part of global projects in public-private partnerships (PPP) or design-realization-operation-maintenance (CREM) . But we also know how to intervene for a specific assignment: for BIM promotion, or BIM management in the construction phase.


The Monitor: How is your offer structured?

Raphaël Contamin: Our ambition is to create a continuity between the different stages of the life of a building or an industrial structure, be it design, construction or operation of the building. We also want to closely connect the BIM to the reality of the field, as experienced by the teams of installers and maintainers on the worksites or in operation.

For this, we develop interactions and experience sharing between Axima's teams whose know-how in the field of work is well established and the companies we buy or with which we enter into partnership agreements.

Thus, Decode BIM is expert in the acquisition of point clouds of existing sets through 3D laser scanners. On the other hand, Decode BIM does not have the knowledge of maintenance issues, which is the job of Axima. The BIM Factory will combine the two expertise to set up a global digital model that will be useful for the operation of buildings. Another example: for the synthesis, we will call on the know-how of SXD. The idea, ultimately, is to propose BIM management missions which cover all the stages, from the design to the files of the executed works (DOE) for the exploitation.


The Monitor: The operation of buildings remains your main objective?

Raphaël Contamin: Indeed, the exploitation of the buildings is the domain where the BIM will undoubtedly present the maximum value added. Designing a DOE so that it is useful to the operator is not yet easy, but we are working on it with our colleagues from the other subsidiaries of the group, such as Cofely for the facilitator.

[maywillow] 07/2/2018 08:42

Engie 'powering' Bahrain's utility sector
MANAMA, 1 hours, 53 minutes ago

Engie, a French multinational utility company, is a dominant player in Bahrain's utility sector supplying 90 per cent of the potable water and 70 per cent of the power in the kingdom, said a top official.

Engie has a number of sites and plants in Bahrain, stated Laura Thomson, the Head of Asset Management UAE, Middle East, South and Central Asia, Turkey, on the sidelines of the Gulf Industry Fair (GIF).

Engie, which is making its debut at the Northern Gulf’s leading specialist business-to-business (B2B) event for industrial products and services, said the Gulf Industry Fair was “very well attended, strategic and important for Bahrain.”

With a regional head office in Dubai, UAE, Engie has been active in the Gulf region for more than 30 years generating 30 GW of power and around 5 million cu m of desalinated water.

It operates 22 power plants in the region including three in Bahrain, one in Kuwait, six in Oman, two in Qatar, four in Saudi Arabia and six in the UAE.

"It was very important to bring solar to Bahrain as it is obviously an important energy resource within the region," observed Thomson.

“We are sponsor for a number of power suppliers in the region including Al Dur, Al Ezzel and Al Hidd in Bahrain,” she stated.

"We basically power Bahrain and provide the water,” she added.-TradeArabia News Service

[waldron] 05/2/2018 10:43

(CercleFinance.com) - The Board of Directors of Engie, unanimously, confirmed the orientation adopted at its meeting of December 13th and decided to maintain the dissociated governance adopted in 2016.

The chairmanship of Gérard Mestrallet will end at the Annual General Meeting of May 18, 2018, during which the shareholders will be asked to appoint a new independent director to be appointed Chairman of the Group.

The Board of Directors reiterates to the Chief Executive Officer her full confidence in her successful management of the ongoing transformation plan and in her ability to offer her the strategic choices to successfully build Engie's future.

[florenceorbis] 05/2/2018 07:35

ENGIE: Bearish but oversold
TEC on 05/02/2018 at 07:33
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ENGIE: Bearish but oversold

SYNTHESIS

The MACD is negative and below its signal line. This configuration degrades the outlook on the title. But beware the RSI is oversold, which leaves the possibility of consolidation. Below 20, the stochastics are extremely low. Exchanged volumes are above average volumes over the past 10 days.

MOVEMENTS AND LEVELS

The title is downward. It is below its 50-day moving average at 14.48 EUR. The 20-day moving average is below the 50-day moving average. Our first support is 13.33 EUR, then 13 EUR and the resistance is 14.64 EUR, then 14.97 EUR.
Last class: 13.57
Support: 13.33 / 13
Resistance: 14.64 / 14.97
Short term opinion: neutral
Medium term opinion: negative

[ariane] 04/2/2018 08:43

Shell faces struggle over €3bn Eneco deal


Shell’s step into Europe’s electricity sector has struck a stumbling block

Jillian Ambrose, Energy Editor

3 February 2018 • 8:00pm

Royal Dutch Shell has struck a stumbling block in its march into the European power sector over plans to pluck a Dutch utility from public ownership.

The Anglo-Dutch oil major is a front-runner in the €3bn (£2.64bn) race to snap up Eneco from the hands of 53 Dutch municipalities after the decision to privatise the green energy company.

The group already partners with Eneco on wind power projects in Europe, which could pave the way for its next step into the power market after buying UK energy supplier First Utility for a rumoured £200m.



But The Sunday Telegraph understands that Shell is facing internal divisions over the deal and mounting political opposition.

“The process has been stumbling on for a while but it’s like herding cats with all the stakeholders,” said one City source with knowledge of the deal.



Eneco’s shareholders have been forced to bring in a mediator to prevent the sale from descending into chaos as municipalities clash on whether to sell their stakes in the utility, and how to safeguard its green credentials.

Others rumoured to be in line for the sale include Finland’s Fortum, French energy giant Engie and private equity investor CVC. Shell declined to comment.

[waldron] 02/2/2018 16:41

ENGIE PARTNERS WITH TFL TO EXPAND SOLAR PV & BATTERY ENERGY USE
Web_ENGIE_TfL-Solar
Engie will work on other energy-saving measures
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2 February 2018 | Herpreet Kaur Grewal

Transport for London (TfL) has awarded Engie a contract to install solar panels with associated battery storage and to implement energy conservation measures on TfL’s estate.

The contract, awarded under the RE:FIT framework, will be delivered alongside the Mayor of London’s Energy for Londoners programme and builds on an existing strategic partnership between the two organisations, in which some 300 Engie staff are already supplying technical services to TfL.



The continuing first phase of the programme, estimated at £5 million, will be delivered across 24 locations including depots, river piers, bus stations, train crew accommodation and the Acton Railway Engineering Workshop. The initiative forms part of the London Environment Strategy to be a zero-carbon city by 2050.



The first new panels will be installed from early 2019, potentially providing 1.1 MW of solar generated power for TfL, adding to the 245kW of power provided by existing solar panels on the TfL estate. Combined, they are expected to cut TfL’s CO2 emissions by about 480 tonnes a year.



In parallel, Engie will be engaged in a range of other energy-saving measures, such as upgrading heating and lighting systems.



Graeme Craig, director of commercial development at TfL, said: “Across TfL, we are committed to doing whatever we can to be as energy efficient as possible. Improving London’s air quality and reducing our impact on the environment are key elements of the Mayor’s Transport Strategy and expanding our solar capability across the business will ensure that we do this in a cost efficient and technologically advanced way.”

[grupo] 02/2/2018 15:42

(CercleFinance.com) - Engie ends an endless stagnation between 14.2 and 15E (for more than 4 months, it started on September 7th).

The exit below 13.5E should extend towards the 13E (major support late April or early July 2017) ... then in case of break of the 12.5E level, high probability of filling the gap 11.66E from 1 March 2017.

[waldron] 02/2/2018 11:51

(Boursier.com) - Engie has taken control of the Brazilian company ACS, a specialist in energy efficiency in Brazil. This operation, the amount of which has not been communicated, will strengthen the energy company of about 600 customers on 5,000 sites. ACS has a 40% market share in Brazil in remote monitoring of energy consumption. Engie strengthens its range of expertise and is close to doubling its size in a segment where the group already has more than 700 customers and is one of its main growth opportunities. ACS has achieved double digit growth in recent years and has a state-of-the-art digital platform to carry out its mission.

[la forge] 02/2/2018 08:29

Bryan Garnier reaffirms his buy recommendation on Engie and adjusts its fair value from 16.5 to 16 euros, after Suez's earnings warning last week.

The financial intermediary points out that the energy group still holds a stake of around 33% in Suez, which accounts for around 5% of Engie's recurring net profit in its estimates.

Bryan Garnier lowered his EBITDA, EBIT and EPS guidance by 0.5%, 0.9% and 1.7% respectively over the 2017-2020 period and notes that Engie's 'sum of parts' valuation includes the value of Suez market, which plunged on the last few days.

[waldron] 30/1/2018 16:03

(Boursier.com) - Engie is not immune to the widespread market decline on Tuesday, down 1.1% to 13.9 euros. In addition to this current seller, the title of the energy group is also victim of a Macquarie rating that has degraded the value of 'outperform' to 'neutral'.

[the grumpy old men] 30/1/2018 12:31

Norway’s Petroleum Safety Authority (PSA) has issued an order to Engie E& P Norge over a gas leak from a North Sea platform.

A leak came from the Gjøa semi-submersible in June last year, situated around 40 miles west of Florø in Norway, forcing production to be halted.

No one was hurt but the platform was down-manned.

Engie said inspections showed wielding issues in the pump where the leak occurred and in six other condensate pumps.
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The PSA’s investigation found non-comformities in relation to barriers and the barrier management system, organisation and management, responding to vibration and management and the maintenance system.

It has now ordered Engie to check safety-critical equipment is operated, tested and maintained in a way which ensures the performance of the barriers at all times.

Engie has until February 16 to comply.

The order states: “Engie is ordered to take the necessary measures to ensure that safety-critical equipment is operated, tested and maintained in a way which ensures the performance of the barriers at all times.

“The deadline for compliance with this order is set to 16 February 2018. We must be informed when the order has been complied with.”

Energy Voice has asked Engie E&P for comment.

[maywillow] 29/1/2018 11:16

Maryhill Housing and ENGIE serve up cash boost to help local kids eat well

ENGIE, Maryhill Housing Association 29 January 2018
inShare

Youngsters from St Cuthbert’s and Highpark primaries get ready for some healthy eating with Stevie and Emma from ENGIE

Schoolchildren in Glasgow got a massive boost this week after healthy eating was put firmly on the menu.

Maryhill Housing and contractor ENGIE came together to deliver the £2500 windfall to St Cuthbert’s Primary and Highpark Primary.

Both are thriving schools in Glasgow’s Ruchill and share the Benview Campus in the community.

Now as part of its commitment to helping communities, ENGIE’s regeneration business (formerly Keepmoat Regeneration) has donated the money along with a further £2500 to community organisation North United Communities.

The money totalling £5000 came about after ENGIE began working for Maryhill Housing – undertaking improvement work to the Association’s housing stock.

As part of the contract there was a requirement for ENGIE to deliver ‘community benefits’.

Both schools were chosen as worthy recipients and plans are already being drawn up to use the money to encourage healthy eating among families and convey the importance of nourishing meals to ensure good health.

Highpark headteacher Mrs O’Donovan and St Cuthbert’s headteacher Mrs Tracey are working on a plan to make this happen.

Mrs O’Donovan said: “This is a wonderful donation which will provide essential funding to allow us to promote healthy eating.”

Mrs Tracey added: “We are excited about what we will be able to do with this donation. We are immensely grateful because it will go a long way to helping our children.”

Ruth Adam, community regeneration manager at Maryhill Housing, said: “Both schools are worthy recipients of this money. The Association is deeply engaged in helping the communities we serve and working together with ENGIE we have been able to do something of real value to both schools.”

North United Communities undertakes a vast amount of community activities all designed to improve people’s lives in a wide area of north Glasgow. Jill Mackay of North United Communities said the organisation was “delightedR21; to receive the money.

Their £2500 donation will again be used to benefit the community – particularly in the area of ‘Job Clubs’ and helping people to pick up digital skills.

ENGIE’s divisional head of business development, Stevie Nugent, and colleague Emma McWilliams came to the schools to announce the donation.

Stevie said: “Our business model is centred on building and transforming communities and this goes far beyond the delivery of new, or improvement of existing, housing stock so we’re thrilled to be working with Maryhill Housing to make a real difference. We have always worked closely with local schools and this is a fantastic initiative, which will drive positive change for children in the community.”

[maywillow] 29/1/2018 09:52

(CercleFinance.com) - Engie announces a 1.3% increase in regulated free gas sales tariffs as of February 1, 2018.

This increase is 0.4% for those who use gas for cooking, 0.8% for those who have dual use cooking and hot water and 1.4% for homes that heat gas. This scale will be applied to the consumption of the month of February.

Over the last twelve months, regulated gas tariffs have increased by an average of 1.6%, whereas since 1 January 2015, they have fallen by an average of 11.1%.

The monthly index of the price of gas on the wholesale market of the Netherlands (main index of the tariff formula), and that of the French market PEG Nord, are up for the month of February 2018 compared to January 2018 .

[florenceorbis] 29/1/2018 09:00

TEC on 29/01/2018 at 08:33
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ENGIE: The downtrend can resume

SYNTHESIS

The MACD is negative and below its signal line. This configuration degrades the outlook on the title. The RSI does not yet indicate an oversold so the further decline is technically possible. Below 20, the stochastics are extremely low. The traded volumes are below average volumes over the last 10 days.

MOVEMENTS AND LEVELS

The title is downward. It is below its 50-day moving average at 14.53 EUR. The 20-day moving average is below the 50-day moving average. Our first support is 13.64 EUR, then 13.44 EUR and the resistance is 14.64 EUR, then 14.85 EUR.
Last course: 13.99
Support: 13.64 / 13.44
Resistance: 14.64 / 14.85
Short term opinion: negative
Medium term opinion: negative

[waldron] 25/1/2018 16:38

French energy giant Engie has announced the signing of a share purchase agreement for an over 50% controlling interest in Parisian renewable storage company Electro Power Systems (EPS).

EPS, an energy storage and microgrids firm, has developed effective storage that enables intermittent renewable energy sources to be transformed into a stable power source.

The transaction was completed at £8,2 a share and is expected to be finalised in the first quarter of 2018.

Shankar Krishnamoorthy, executive vice president of ENGIE, said: “EPS is a recognized technology provider in the micro-grid market with a differentiating control technology and already significant micro-grid installed base, in particular in Africa and Asia Pacific.
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“We sincerely welcome EPS at ENGIE and its highly specialized and sophisticated high-tech teams. Together, we will achieve a major step to become a decentralized energy leader and confirm that energy transition is at the core of the strategy and transformation of ENGIE. With decentralized clean energy, we also bring a key contribution towards more harmonious development.”

Headquartered in Paris, EPS currently have 90 employees based in its research and development office in Italy.

Carlalberto Guglielminotti, chief executive officer and general manager of EPS, said: “This is a transformational step for EPS. We share Engie’s strategic vision of a paradigm shift in the energy system towards decentralized energy solutions in advanced economies renewables are displacing conventional centralized power plants, calling for distributed energy storage to secure flexibility and capacity; thus, value added migrates from traditional energy supply to the delivery of advanced services.

“In parallel, in emerging economies, storage-enabled renewables open a market of 2.4 billion people reliant on diesel generation. EPS has been delivering one of the largest installed bases of commercial microgrids and utility-scale systems globally; today, our unique technological platform combined with Engie’s global reach, establishes a driving force of the energy transition.”