Net Zero Carbon countries by 2030
including Brazil
The Group will thus accelerate its
growth in renewable energies for both
electricity and gas and in decentralized
networks to support its customers
decarbonization At the same time
ENGIEs flexible networks and assets
will make an essential contribution to
security of supply and flexibility
In renewable electricity the stepped up
pace of investments is reflected in a target
of commissioning 4 GW on average per
year by 2025 and 6 GW on average per
year between 2026 and 2030
The development of renewable gas
will build on existing networks
thus contributing to security of supply
The Group aims to achieve a target of
around 10 TWh of biomethane production
per year in Europe by 2030 ENGIE will
also concentrate on ramping up the
production of lowcarbon hydrogen
and will invest approximately 4 billion
in 20232030 with ambitious targets
including a renewable hydrogen production
capacity of around 4 GW by 2030
The Group also anticipates a sharp
increase in battery storage to
complement its portfolio of flexibility
assets gasfired electricity production
and pumped storage It is targeting
around 10 GW of installed battery
capacity by 2030
ENGIE also wants to play a major role
in its customers decarbonization using
its decentralized networks with a goal
of adding 8 GW of decentralized energy
networks by 2025 compared to 2020
Lastly GEMS is at the heart of
ENGIEs integrated model Upstream
the role of GEMS is to make the most
of the technological differences
complementarity flexibility and
optionality of the asset portfolio of
ENGIE and its partners Downstream
GEMS provides ENGIEs customers
with risk management services and
customized energy supply contracts
45 Mt
of customer CO
2
emissions
avoided per year by 2030
+4 GW
of hydrogen production
capacity per year by 2030
+10 TWh
of biomethane production
per year by 2030
€90 m
in customer support
measures
€1,500
employee
bonus
TARGETS
2023 INTEGRATED REPORT - 11