Energiser Investments Share Discussion Threads

[waldron] 22/11/2019 17:07

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14.04 +0.14%

Orange
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[sarkasm] 21/11/2019 15:21

PARIS (Agefi-Dow Jones) - A consortium led by gas and electricity supplier Engie won a contract to boost the ecological transition of the Angers Loire Métropole area, the community announced Thursday. agglomeration.


The consortium, which brings together Engie, the Suez utilities group, La Poste and the VYV mutual group, will be in charge of "deploying the intelligent territory project infrastructure throughout the entire agglomeration", said Angers Loire Metropolis in a statement.


This market represents an amount of 178 million euros excluding taxes (including a firm tranche of 121 million euros before tax) over 12 years, said Angers Loire Métropole.


"The objective is to rely on digital technology to accelerate the ecological transition of the territory and improve its attractiveness, optimize the organization of public services and ensure a more efficient management of resources, and finally facilitate and improve the daily life inhabitants, "explained Engie in a separate statement.


The project will be launched in January 2020, said Engie.


-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires

[waldron] 20/11/2019 05:04

Dreamforce 2019 - Engie powers up data-centric global digital transformation to tackle the climate change crisis
Profile picture for user slauchlan By Stuart Lauchlan November 19, 2019

Summary:
Energy giant Engie has roots dating back to the 19th century, but it's 21st century planet-saving issues that are driving its global digital transformation program.

Engie

There are many reasons for organizations to embark on digital transformation programs, but few are quite as compelling as that driving energy giant Engie - the fate of the planet in the face of the climate change crisis.

As Chief Digital Officer Yves Le Gelard puts it:

The fundamental reason why we need to reinvent ourselves is the issue of climate change. As a very large energy producer, we were part of the problem. We decided, four years ago that we wanted to be part of the solution.

With that in mind, the company set itself a goal of becoming a world leader in the zero-carbon transition, morphing from being a utility company to becoming a provider of low-carbon energy and services.

This objective would require the firm, the world’s longest-running multi-national company with its origins dating back to 1834, to re-imagine the way it engages with its 25 billion retail customers in over 70 countries in the 21st century. The company’s formal mission statement gives some indication of the scale of its ambitions in this respect:

Engie is committed to responsible growth of its businesses (power, gas and energy services) to succeed in the central challenges of delivering an energy transition to a low-carbon economy: providing access to sustainably generated energy, combating climate change, reducing its effect and making responsible use of natural resources. The Group is developing high-performance, innovative solutions for personal customers, urban authorities and companies by applying its expertise in four key sectors: natural and renewable gas, renewable electricity, energy efficiency and digital technologies.

In pursuit of this, there have been some big changes, observes Le Gelard:

We've disposed of coal. We've sold $15 billion of the coal [business] and we've injected $15 billion into the sun and the wind. Now, we're pushing this to a new way, which is that as a company we want to position ourselves as the zero carbon partner of the Fortune 500, and the world's largest cities. So it's a radical change.

We used to sell energy and the more the better. Right now, the 150,000 staff are engaging with customers to save energy, to sell less. Less is more. And that's a complete shift. In order to be successful at doing that, you need to understand precisely what's the carbon footprint of your customer. And as a result, you need data, you need software, you need a whole world of digital technologies and that's what we do within the company.

Global customer engagement

To arm itself for this digital overhaul, Engie is working with Accenture, Vlocity and Salesforce to deploy a global unified CRM platform.

Accenture is helping to define the business model, operational processes and IT architecture, and is implementing and deploying the technology, while Vlocity is delivering omni-channel and industry-specific cloud and mobile solutions. Meanwhile Salesforce is providing cloud solutions, notably Salesforce Community Cloud, Einstein Analytics, Marketing Cloud, Sales Cloud and Service Cloud.

The aim is to provide Engie staffers with the elusive CRM Holy Grail of the 360-degree customer view as well as personalized recommendations, collaboration capabilities with customers and proactively managing relationships to reduce energy usage and consumption over the next 50 years.

At the heart of all of this is an increased dependency of reliable, real time data, says Le Gelard:

Data matters if you want to seriously, address the zero carbon agenda of any organization, you need to understand where carbon is being burned. Production transportation distribution - you need to understand all that. For this you need sensors, you need an immense amount of data, you need that.

Data is also vital because however idealistic a ‘green’ vision might be, there will still be a need for energy, notes Le Gelard:

Although you would reduce it drastically by capturing the right data and addressing behaviors, you would still need energy. Green energy presents the challenge of being intermittent. There is not always sun, there is not always wind. And storing electricity is still a challenge. Although batteries are making huge progress, still it is a challenge.

So, in order to make sure we understand all this and to be able to constantly match [demand], we need to understand precisely at which moment there is a particular need. Precisely because you've got a lot of renewables on the production side, then the understanding of maybe the very second when you need to provide electricity - and where - would prevent the sort of challenges that some parts of the world, including California, suffer from time to time - outages.

This is why being able to share data end-to-end, and make sure that necessary Artificial Intelligence technologies are being mobilized is so key to this transition.

He adds:

The number one challenge is really to digitalize the world. We need to install millions and millions of additional sensors, all across the chain, to be sure that we monitor all the time. Because actually, the need for [power] balance is down to the millisecond. so you really need to know what's going on. That's the number one thing.

The other thing has to do with helping customers to understand how to behave. This is a cultural shift whereby you need to explain the consequences of behaviors to millions of customers to millions of users.

Those customers are increasingly front-of-mind for Engie:

What has really changed is the fact that in the previous world we had a big power plant, a transmission line, and something that we call a meter. We've recently discovered that there is a human being behind the meter. And as a consequence, it didn't take us a long study to pick Salesforce as a strategic partner to handle this person that we've discovered is behind the meter. It turns out there was a person there.

Digital transformation of organizations of any scale are typically multi-year marathons, but Engie is acutely aware of the need for speed in its case. Le Gelard knows what the desired outcomes are here:

It's zero carbon as quickly as possible for everybody. The clock's ticking guys, and this is serious and we all can feel it. But the other thing, perhaps the most important thing, is that the future of energy is to provide energy to the 2 billion people that do not get energy today.

Image credit - Engie

Disclosure - At time of writing, Salesforce is a premier partner of diginomica.

[grupo] 16/11/2019 13:58

GE Renewable Energy Lands 494 MW Orders with ENGIE
Friday, 15 November 2019
0
REM
GE Renewable Energy has been selected by ENGIE North America to supply 180 onshore wind turbines for two wind projects. The agreements include 88 2.8-127 turbines for the King Plains wind project in Oklahoma, and 92 2.7-116 turbines for the first phase of the Triple H Wind project in South Dakota.
GE Renewable Energy Lands 494 MW Orders with ENGIE

Construction on the projects began this year, and both projects are expected to reach commercial operation in the second half of 2020. With these latest projects, ENGIE North America has contracted with GE Renewable Energy for 885 MW of new wind turbines in the past year, demonstrating a strong effort towards expanding renewable energy in the US.

Vikas Anand, GE Renewable Energy’s CEO for Onshore Wind, Americas, said, "We’re delighted to partner with ENGIE on these projects. Our best-selling 2 MW turbines are a great fit for Engie’s needs, and we’re proud to help bring additional clean, affordable, renewable energy to their customers in Oklahoma and South Dakota.”

The US wind market remains strong. According to the American Wind Energy Association, the second quarter of 2019 saw a record wind capacity of nearly 42 GW under construction or in advanced development, a 10 percent increase over the level of activity this time last year.

GE Renewable Energy was recognized by AWEA as the top manufacturer of wind turbines in the US in 2018, supplying over 3 GW of capacity, or 40 percent of the total onshore wind energy installed nationwide in 2018.

[waldron] 15/11/2019 17:24

Brent Crude Oil NYMEX 63.25 +1.56%
Gasoline NYMEX 1.64 +1.76%
Natural Gas NYMEX 2.75 +0.96%
(WTI) 57.71 USD +1.32%


FTSE 100
7,302.94 +0.14%
Dow Jones
27,918.61 +0.49%
CAC 40
5,939.27 +0.65%
SBF 120
4,670.69 +0.65%
Euro STOXX 50
3,709.42 +0.55%
DAX
13,241.75 +0.47%
Ftse Mib
23,581.4 +0.43%


Eni
14.22 +0.59%



Total
49.275 +0.40%

Engie
14.37 -0.28%

Orange
14.5 +1.40%

IAG
Price (GBX) 557.40 +2.80% (Up +15.20)


Bp
508.9 +0.51%

Vodafone
154.6 -3.12%

Royal Dutch Shell A
2,308 +0.57%

Royal Dutch Shell B
2,292.5 +0.33%

[adrian j boris] 15/11/2019 09:52

(CercleFinance.com) - Oddo BHF reiterates its recommendation 'purchase' and its target price of 16 euros on Engie, the yield of 5.6% seeming attractive, to '70 basis points above the comparable while it is self-financed by cash flow.

Taking into account the acquisition of TAG, the consulting firm estimates that the GAPT 19-20 GAP should be at the top of the 7-9% indicative range, which compares very favorably with the average growth of EPS of the sector expected to 7% 'according to him.

Under these conditions, while the title of the energy group 'still deals with a discount of 15% compared to the sector on its PE N + 1', Oddo BHF thinks that 'the discount to the index should be reduced' .

[gibbs1] 13/11/2019 20:46

RECHARGENEWS.COM



GE 2x-127 turbines in the US. Photo: GE
Engie chooses GE for bumper 500MW US wind project delivery

US OEM to supply 88 of its 2.8-127 turbines for Oklahoma project and 92 of its 2.7-116s for another in South Dakota
by Bernd Radowitz in Berlin
13 November 2019 Updated 13 November 2019
Share:
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Engie North America has chosen GE Renewable Energy to supply turbines for two of its US wind power projects with a combined capacity of 494MW.

The agreements include 88 of GE’s 2.8-127 turbines for the King Plains wind project in Oklahoma, and 92 of the OEM’s 2.7-116 turbines for the first phase of the Triple H Wind project in South Dakota.

Construction on the projects already began this year, and both are expected to reach commercial operation in the second half of 2020.

"We’re delighted to partner with Engie on these projects,” said Vikas Anand, GE Renewable’s chief executive for onshore wind in the Americas.
GE passes rival Vestas in hyper-competitive US turbine sales race
Read more

“Our best-selling 2MW turbines are a great fit for Engie’s needs, and we’re proud to help bring additional clean, affordable, renewable energy to their customers in Oklahoma and South Dakota.”

According to the American Wind Energy Association, the second quarter of 2019 saw a record wind capacity of nearly 42GW under construction or in advanced development in the US, a 10% increase over the level of activity this time last year.

[gibbs1] 13/11/2019 12:52

Air Liquide, DLVA and ENGIE collaborate to produce green hydrogen

By Molly Burgess13 November 2019

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Save Article

Air Liquide, the Durance, Luberon, Verdon urban area (DLVA) and ENGIE are signing a cooperation agreement to develop the “HyGreen Provence” project aiming to produce, store and distribute green hydrogen.

Initiated in 2017, “HyGreen Provence” aims to develop and validate the technoeconomic conditions for the production of 1,300 GWh of solar electricity, together with the production of renewable hydrogen on an industrial scale through water electrolysis.

Air Liquide and ENGIE are committed to the development of hydrogen solutions and will join forces with the DLVA urban area which showcases multiple resources for the project.

Consiting of 25 municipalities and a population of 65,000, the DLVA urban area will help benefit the project through its high levels of French sunshine, substantial land availability and a salt cavity storage site able to accommodate the large-scale centralised production of renewable hydrogen.

The hydrogen produced from the project will be used in a variety of applications such as mobility, energy and industry, both locally and regionally.

“We are pleased to contribute to this flagship project, which will demonstrate, in France, on an industrial scale, the key role that hydrogen will play in the energy transition,” said Guy Salzgeber, Executive Vice-President and member of the Air Liquide Group’s Executive Committee supervising industrial merchant, hydrogen and innovation.

“First and foremost, HyGreen Provence is an ambitious and innovate regional project. It will embrace all those desiring consultation and dialogue, particularly the National Parks in Verdon and Luberon,” said Bernard Jeanmet-Péralta, DLVA President.

“Entering into the partnership heralds a ground-breaking alliance between large industrial groups in France, and a local authority, that will accelerate the emergence of massive renewable hydrogen production projects in France,” said Gwenaëlle Avice-Huet, ENGIE’s Vice-President in charge of Renewables.

The project will be developed in several stages with first deliverable expected by the end of 2021 and a possible final step in 2027.

[florenceorbis] 13/11/2019 06:22

ENGIE SEES 9% RISE IN REVENUE
Graph © Shutterstock
Engie sees 9% rise in revenue © Shutterstock
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11 November 2019 | Marino Donati


Multinational electric utility company Engie has reported that its operating profit rose 9 per cent for the nine months to the end of September 2019.

In its latest financial results announcement, Engie said current operating income was €3.8 billion, with EBITDA of €7.1 billion, up 5 per cent over the period.



Revenues were €46.8 billion, up 8.8 per cent on a gross basis and 7.9 per cent on an organic basis over the same period.



The company confirmed its 2019 guidance for net recurring income and for the net financial debt /EBITDA ratio.



Engie chief executive Isabelle Kocher said the results demonstrated the company’s ability to grow following profound transformation over the past three years.



“This quarter, our increased wind and solar capacity and the Microsoft PPA demonstrate the accelerated development of our Renewables portfolio,” she said. “The acquisition of Conti in the United States and the launch of ENGIE Impact are two other milestones in the group’s drive to boost the zero-carbon transition of our clients.”



“Engie’s underlying organic performance in thermal is also solid, across several regions and across both contracted and merchant operations, while we continue to optimise our Networks businesses and integrate the exciting acquisition of TAG in Brazil. Lastly, we confirm our guidance for 2019.”

[florenceorbis] 13/11/2019 06:20

Actis, Engie Vie With Blackstone Unit for Egyptian Power Plants

Mirette Magdy, Bloomberg News








(Bloomberg) -- Actis LLP and Engie SA have joined a unit of Blackstone Group Inc. in competing to take over three Egyptian power plants co-built by Siemens AG, a deal that might spark greater foreign investment in the Middle East’s fastest-growing economy.

Whichever of the six international companies prove successful in their bids will work alongside Egypt’s new sovereign wealth fund, which plans to acquire roughly 30% of the state-owned facilities that cost about 6 billion euros ($6.6 billion) to build and the North African nation inaugurated in mid-2018.

France-based Engie told Bloomberg it had submitted an expression of interest in the plants, which have a total capacity of 14.4 gigawatts. China Datang Overseas Investment Co. Ltd. and London-based Actis have also registered interest, according to three people familiar with the plans.

They’re facing tight competition: Egyptian Electricity Minister Mohamed Shaker said in May that Blackstone’s Zarou Ltd. and Edra Power Holdings Sdn Bhd of Malaysia are also bidding for role. The head of the wealth fund, Ayman Soliman, has said that half a dozen firms are competing, but declined to identify them. The name of the sixth isn’t clear.

The plants, operated by Siemens until 2024, are part of a series of mammoth projects introduced by President Abdel-Fattah El-Sisi that also include a Suez Canal extension and a new administrative capital. A deal could spur further foreign investment in Egypt, which has struggled beyond the oil and gas industry, and help ease the nation’s debt burden. Financing for the plants came via a consortium including Deutsche Bank AG, HSBC Holdings Plc and KfW-IPEX Bank AG, backed by a sovereign guarantee.

Repeated phone calls to China Datang’s headquarters in Beijing went unanswered. Actis declined to comment.

Egypt will select a financial adviser for the deal next week, which will then arrange negotiations with the interested companies, Soliman said in an interview, declining to identify any of the potential advisers. He expects the pact to be finalized in 2020.

HSBC and Citigroup Inc. have bid for the role, while Zarou hired JPMorgan Chase & Co. and Edra enlisted Standard Chartered Plc, according to the three people. The World Bank’s International Finance Corp. has submitted a proposal to “advise on attracting private investors to this project upon request from the Egyptian government,” country manager Walid Labadi said by email.

Neither London-based Zarou, Edra, nor any of the banks would comment on any plans involving the power plants.

After an investor is selected, Egypt’s wealth fund could establish a joint venture with them to hold the investment. That will be followed by a power-purchasing accord that would let the JV sell the electricity the plants produce to the government. Offering a stake from the power plants on the Egyptian or an international stock exchange is also possible, Soliman said.

--With assistance from Emma Dong and Matthew Martin.

To contact the reporter on this story: Mirette Magdy in Cairo at [e-mail]

To contact the editors responsible for this story: Alaa Shahine at [e-mail], Michael Gunn, Vernon Wessels

[waldron] 12/11/2019 17:28

Brent Crude Oil NYMEX 62.26 +0.13%
Gasoline NYMEX 1.61 +0.49%
Natural Gas NYMEX 2.71 -0.66%
(WTI) 57.02 USD +0.72%

FTSE 100
7,365.44 +0.50%
Dow Jones
27,730.13 +0.14%
CAC 40
5,919.75 +0.44%
SBF 120
4,658.29 +0.40%
Euro STOXX 50
3,712.2 +0.35%
DAX
13,283.51 +0.65%
Ftse Mib
23,806 +1.35%

Eni
14.254 +0.83%


Total
49.445 +0.07%

Engie
14.25 +0.64%

Orange
14.52 +1.47%

IAG
Price (GBX) 543.00 +0.37% (Up +2.00)


Bp
511.9 +1.03%

Vodafone
165.24 +3.09%

Royal Dutch Shell A
2,341.5 +0.52%

Royal Dutch Shell B
2,331 +0.34%

[waldron] 11/11/2019 17:19

Brent Crude Oil NYMEX 62.32 -0.30%
Gasoline NYMEX 1.62 -0.17%
Natural Gas NYMEX 2.73 -5.15%
(WTI) 57.06 USD -0.05%


FTSE 100
7,328.54 -0.42%
Dow Jones
27,569.71 -0.40%
CAC 40
5,893.82 +0.07%
SBF 120
4,639.94 +0.04%
Euro STOXX 50
3,699.33 +0.12%
DAX
13,198.37 -0.23%
Ftse Mib
23,489.34 -0.19%



Eni
14.136 -0.38%



Total
49.41 +0.23%


Engie
14.16 -0.18%

Orange
14.31 +0.18%

IAG
Price (GBX) 541.00 -0.11% (Down -0.60)


Bp
506.7 -0.37%

Vodafone
160.28 -1.21%

Royal Dutch Shell A
2,329.5 -0.49%

Royal Dutch Shell B
2,323 -0.28%

[misca2] 11/11/2019 12:51

ENGIE SEES 9% RISE IN REVENUE
Graph © Shutterstock
Engie sees 9% rise in revenue © Shutterstock
Page tools
Print this page
11 November 2019 | Marino Donati


Multinational electric utility company Engie has reported that its operating profit rose 9 per cent for the nine months to the end of September 2019.

In its latest financial results announcement, Engie said current operating income was €3.8 billion, with EBITDA of €7.1 billion, up 5 per cent over the period.



Revenues were €46.8 billion, up 8.8 per cent on a gross basis and 7.9 per cent on an organic basis over the same period.



The company confirmed its 2019 guidance for net recurring income and for the net financial debt /EBITDA ratio.



Engie chief executive Isabelle Kocher said the results demonstrated the company’s ability to grow following profound transformation over the past three years.



“This quarter, our increased wind and solar capacity and the Microsoft PPA demonstrate the accelerated development of our Renewables portfolio,” she said. “The acquisition of Conti in the United States and the launch of ENGIE Impact are two other milestones in the group’s drive to boost the zero-carbon transition of our clients.”



“Engie’s underlying organic performance in thermal is also solid, across several regions and across both contracted and merchant operations, while we continue to optimise our Networks businesses and integrate the exciting acquisition of TAG in Brazil. Lastly, we confirm our guidance for 2019.”

[waldron] 08/11/2019 17:11

Brent Crude Oil NYMEX 62.07 -0.35%
Gasoline NYMEX 1.62 -0.44%
Natural Gas NYMEX 2.85 -0.38%
(WTI) 56.78 USD -0.26%

FTSE 100
7,359.38 -0.63%
Dow Jones
27,610.91 -0.23%
CAC 40
5,889.7 -0.02%
SBF 120
4,638.01 -0.05%
Euro STOXX 50
3,694.74 -0.23%
DAX
13,228.56 -0.46%
Ftse Mib
23,513.16 +0.04%



Eni
14.19 +0.10%

Total
49.295 -0.59%

Engie
14.185 -0.42%

Orange
14.285 -0.76%

IAG
Price (GBX) 541.60 -0.55% (Down -3.00)


Bp
508.6 -1.03%

Vodafone
162.24 -0.72%

Royal Dutch Shell A
2,341 -0.06%

Royal Dutch Shell B
2,329.5 -0.24%

[waldron] 08/11/2019 16:30

Poland's antimonopoly watchdog said Friday that it has fined Engie SA (ENGI.FR) for failing to cooperate in an investigation into the construction of Russia's gas pipeline Nord Stream 2.

The French utility company was fined 172 million Polish zloty ($44.6 million) for refusing to provide documents and information about the agreements it signed with Russian gas supplier Gazprom PJSC (GAZP.RS), which is leading the pipeline project, the watchdog UOKiK said. Engie is one of five European firms that provided funding for Nord Stream 2.

"The company has persistently and unreasonably refused to provide us with the documents and materials. This caused a significant delay in our actions in regards to the financing of the NS2 gas pipeline," UOKiK's Vice President Michal Holeksa said.

Engie will appeal the decision, a spokesman for the company said.

Polish authorities started investigating the pipeline construction in August 2016. The country claims Nord Stream 2 is a threat to Europe's energy security and that it will strengthen Gazprom's dominant position in the market.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

November 08, 2019 10:47 ET (15:47 GMT)

[maywillow] 08/11/2019 09:35

UPDATE: Cosmetics brand to buy energy from Engie's Willogoleche Wind

Published 07 November 2019 Last Updated 08 Nov 2019 09:22

Tags Renewables Asia Pacific

Alexandra Dockreay

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France-headquartered cosmetics giant L'Oréal has agreed to buy energy and renewables certificates from Engie Australia & New Zealand, sourced from the Willogoleche Wind Farm in South Australia