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

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