EXPERTISE AND KEY GOALS STRATEGY PURSUED
16,150
employees
worldwide
22.5 M
in BtoC contracts
worldwide
50 GW
in gas production
capacity at 100%
€1.8 bn
EBIT 2022
Thermal generation and hydrogen
production
• Gas-powered electricity production
• Electricity storage
• Large-scale renewable hydrogen
production
• Seawater desalination
ENGIE deploys low-carbon activities and supports the transition of the current
electrical systems, two strategies reinforced by the 2022 energy crisis. In this regard,
the Group is continuing to invest in renewable energy and intends to develop
its thermal capacities in a targeted manner. It also provides the flexibility that the
electric system needs and supports its customers in moving toward decarbonization
through its energy and services contracts. Continuing its withdrawal from coal,
ENGIE continues to green its portfolio of assets, particularly by improving the
efficiency of its assets and with the combustion of biomethane and hydrogen.
RELATED GOALS
• Availability rate of production
assets > 90%
• Coal phase-out by 2025 in continental
Europe and by 2027 worldwide
• Renewable hydrogen production
capacity of 4 GW in 2030
Energy supply to individuals
• Gas and electricity sales
• Energy services
• Energy access
RELATED GOALS
• Portfolio growth, primarily in
electricity and services
• Reduction of CO
2
emissions by -34%
between 2017 and 2030 (inc. BtoB)
PROGRESS MADE
With the current strong growth in renewable energy, ENGIE benefits from a large
portfolio of flexible production and energy storage assets, including gas-fired power
plants (50 GW) and pumped storage plants (4 GW). These are crucial to compensate
for the intermittent nature of the renewable energy.
B U S I N E S S C A S E
FLEX GEN & RETAIL
With its GBU Flex Gen & Retail, ENGIE supplies flexible and affordable electricity
production that aims to support the development of renewable energy.
MY ENERGY BONUS VOLUNTARILY REDUCE CONSUMPTION
IN PEAK PERIODS
Due to the temporary reduction of its electricity production capacities France
introduced an energy sobriety plan that asked each company or household
to reduce its electricity consumption Building on its purpose ENGIE set up a
new system to reward its customers who after enrolling in the challenge in
their online customer account manage to reduce their consumption in peak
periods The principle is to ensure that the customer who has enrolled in the
challenge reaches the consumption reduction target that was set by ENGIE
two days before the challenge If they achieve the target the Group will pay
the customer a bonus into their online prize account For Florence Fouquet
Managing Director Global BtoC
this approach meets an essential goal to
make everyone aware of how to optimize their electricity consumption and
to involve them in stabilizing the French electricity system
FIRST HYDRO MODERNIZES ITS HYDROELECTRIC
POWER PLANTS
The two hydroelectric facilities with pumped storage
located in Dinorwig and Ffestiniog in North Wales
are notable for their ability to respond quickly when
the national electric grid is under stress or when
renewable electricity production is insufficient.
First Hydro decided to invest 50million pounds
sterling in the renovation of the Ffestiniog power plant
composed of four production units and representing
a total electricity production capacity of 360MW
The goal of this modernization
said Kevin Dibble
Managing Director First Hydro and Country Manager
UK
is twofold It is first to replace two 90MW
generators and install new control stations that will
optimize monitoring of the power plant More broadly
the goal is to improve the efficiency of this plant which
is now sixty years old
Florence Fouquet Managing
Director Global BtoC
Kevin Dibble Managing Director
First Hydro and Country Manager UK
2023 INTEGRATED REPORT - 31