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