The countries of the Middle East have suffered a dramatic fall in oil prices since June 2014. Their response has been to turn to a new economic model focused on green energy generation. As the leading private developer of energy and water services in the region, the ENGIE Group is accelerating the pace of this energy transition by exploiting synergies between its production plants to bring energy closer to customers.
For the world of industry, the energy transition is not just a social reality, it's also a major factor for competitiveness and a new way of working in a more responsible, more collaborative and more connected context. ENGIE is responding to these new challenges with a dedicated digital solution called 'blu.e by ENGIE'.
Liquefied Natural Gas (LNG) is an extremely promising fuel to reduce the future environmental impact of sea and river transport. For this reason, ENGIE and its partners Mitsubishi Corporation and NYK Line, by launching their common Gas4Sea brand, are committed to developing LNG as a marine fuel supply offer through LNG bunkering vessels.
In March this year, ENGIE presented the first five new businesses to be developed by employees in the Group's own business incubator. NextFlex is one of them... This startup makes it possible to reduce the power consumption of an industrial site on demand and in less than two hours. It also recycles unconsumed power generated on site to grid operators. Its creator Christophe Huguet explains...
On Friday 26, 2016, the United Nations communicated the first issuance of 1,7 Million Carbon Credits that were generated by the Jirau hydropower plant (40% ENGIE) during the commissioning phase between July 2014 and February 2015. This confirms Jirau’s effectiveness as the world's largest UN certified renewable decarbonization investment. When fully operational at the end of 2016, about 6 million Certified Emission Reductions will be generated each year, enough to compensate the Green House Gas (GHG) emissions of Brazil’s international air transport operations.
Energy generation from renewable resources is growing faster in Latin America than anywhere else in the world. So what could be more natural than looking to this sector to offset its economic slowdown?
North America is producing increasing quantities of non-conventional hydrocarbons and generating more and more energy from renewable sources. The ENGIE Group has had an operational presence here for many years, and is currently restructuring its business portfolio in favor of an energy mix that delivers lower CO2 emissions alongside innovative solutions for its customers.
In the light of the energy transition, ENGIE Brazil becomes one of the main sponsors of the Museum of Tomorrow (“Museu do Amanhã”), in Rio de Janeiro. Inaugurated in 2016, the Museum of Tomorrow is guided by values of sustainability and interaction and seeks the promotion of innovation as well as the dissemination of advancements in science and the disclosure of vital signs of the planet.
ENGIE Lab Singapore, a new regional hub for energy innovation and technology in Southeast Asia, has now opened. The lab will focus on three major fields of sustainable and green energy development: smart energy systems for cities and islands, industrial energy efficiency, and gas technologies.
The energy revolution is well underway in Belgium, where renewables generation is accelerating alongside the development of solutions but are both digital and innovative. ENGIE is contributing directly to these technological breakthroughs via its ENGIE Electrabel subsidiary. We take a closer look at this innovative company...