To achieve this, the Group has published
milestones:
• 50 GW of renewable electricity
capacity in 2025 and 80 GW in 2030
(compared to 27 in 2019 and 38 in 2022,
which is in line with this road map).
• Increasing average annual targets for
commissioning additional renewable
capacity of approximately 4 GW/year
for 2022-2025 and +6 GW/year for
2026-2030.
This development will mobilise
between €13 and €14 billion of
investment by 2025.
Stepping up battery storage
The Group plans to significantly step up
battery storage to complement its
gas-fired and pumped storage electricity
production. It aims to reach around
10 GW of battery capacity by 2030,
mainly in Europe and the United States.
Industrial development
of renewable gases
To ensure the resilience of the energy
system and meet the growing global
energy demand, ENGIE is convinced of
the key role of renewable gases in the
energy transition because of their ability
to be stored and distributed on demand.
ENGIE has set itself the challenge
of achieving 100% decarbonized gas
by 2045 in all its sales through the
progressive greening of gas via the use
of biomethane, renewable hydrogen and
carbon capture, utilization and storage
(CCUS) technologies for the residual
fossil gas.
Biomethane development
Biomethane represents a future industrial
solution for making farms profitable
and recycling agricultural or food waste
without aggravating global warming,
while also promoting local development.
ENGIE’s target is to produce 10 TWh of
biomethane per year by 2030 in Europe
including 5 TWh in France and to inject
50 TWh of biomethane into its networks
in 2030 in France The Group will invest
25billion to achieve this target
Industrialization of renewable hydrogen
Production of renewable hydrogen from
the electrolysis of water using renewable
electricity is a promising technology
that is currently being industrialized
It does not emit GHGs and allows for
the storage of surplus electricity in the
form of hydrogen and possibly methane
after methanation all of which can be
injected into existing networks
The Group is targeting development
by 2030 of:
• 4 GW of electrolysis capacity,
• 700 km hydrogen transmission networks,
• 100 hydrogen vehicle charging stations,
• 1 TWh of hydrogen storage capacity.
To achieve this, ENGIE will invest
approximately €4 billion over the
period 2023-2030, €1 billion of
which will be dedicated to hydrogen
transmission and storage.
Although these renewable gases mainly
contribute to the achievement Of the
2045 net-zero emissions commitment,
their impact on the achievement of
the 2030 targets will be limited.
Reduction of methane emissions
The Group aims to reduce methane
emissions from its gas networks
(transport, distribution, storage and
LNG terminals) associated with venting
(planned and unplanned), flaring and
fugitive emissions. ENGIE has set
a target of a 30% reduction in these
emissions compared to 2017, a year
restated for the E&P business being
conducted at the time Although this
target was met in 2022 it remains
fragile due to the reliability of these
data as regards the Groups international
share and to the entry into force of the
EU regulation on methane emissions
ACHIEVING THE DECARBONIZATION PLAN
WITH THE SUPPORT OF ALL TEAMS
ENGIE is convinced that a transformation
at this level for a global group of
100000people will only happen
if each person understands their role
in this decarbonization journey
Thus, ENGIE has rolled out tools to
move from a CO
2
reporting mode to
a management culture, namely:
• A medium-term CO
2
business plan
(CO
2
MTP)
In 2021 the Group implemented a
methodology for CO
2
management in
coherence with the financial MTP, with
annual CO
2
budgets for each business
line (GBU) through 2030.
• Quarterly business reviews (QBR)
GHG emissions are monitored
quarterly during business reviews
in the same way as operational
and financial performance.
• CO
2
flexibility
ENGIE has set up a CO
2
flexibility
system to continuously monitor
the available CO
2
budget for any
new investment or sales contract.
• Carbon pricing
The strategic scenarios include
region-specific carbon price lists made
available to project developers.
• Incentive compensation
The short- and medium-term variable
compensation policy for the Executive
Committee and senior managers
includes annual decarbonization
targets for energy production
80 GW
of total electricity
production capacity
10 TWh
of biomethane
production per year
4 GW
of total hydrogen
production capacity
10 GW
of battery capacity
BY 2030
“In line with the decarbonization road
map, each person is taking action at their
level to reduce the Group’s greenhouse
gas emissions. Establishing annual carbon
budgets, implementing a CO
2
management
culture in all our processes and integrating
CSR performance into compensation are all
examples that underscore the operational
reality of decarbonization at all times.”
Julia Maris,
Vice President CSR
To learn more see the Climate
Notebook attached to this report
or the SayonClimate resolution
approved at the Shareholders Meeting
of April 21 2022
2023 INTEGRATED REPORT - 33