Categories:
Press Release
Renewables
Date: 01/12/2022

(HOUSTON)- Branch Energy, a technology-focused green energy provider, and ENGIE Energy Marketing, NA, Inc (“ENGIE Energy Marketing”), a subsidiary of ENGIE S.A. (“ENGIE”), today announced a $40M strategic non-dilutive wholesale power supply facility. The agreement will provide Branch Energy with access to U.S. wholesale energy markets and working capital, as well as the ability to leverage ENGIE Energy Marketing’s extensive renewable energy platform.

 

Branch Energy both sells electricity with an easy-to-use platform and leverages data and artificial intelligence (AI) to determine which smart devices will help reduce a consumer’s energy bill the most and helps to coordinate the installation and financing of the devices. This combination of green energy and energy-monitoring smart devices not only saves consumers money but also reduces their carbon footprint.

 

“ENGIE has one of the fastest growing portfolios of renewable generation assets in North America which makes it the perfect partner to help us grow,” said Daniel MacDonald, Branch Energy President. “We are thrilled with the far-reaching impact this will allow Branch to have.”

 

Earlier this year, Branch Energy launched its first market in Texas. The new facility will enable the company to accelerate its growth in the state and to expand into markets across North America.

 

“ENGIE has made some of the most aggressive commitments in the industry to cutting carbon emissions and expanding renewable generation,” said Ken Robinson, ENGIE Energy Marketing President. “Partnering with retailers who have committed to 100% carbon-free power is directly aligned with these commitments, and we are delighted to be partnering with Branch Energy.”

 

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About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2020: 55.8 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and nonfinancial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris – Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG, MSCI Europe ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

 

About Branch Energy

Branch Energy is a green energy provider dedicated to helping consumers lower their monthly bills and carbon footprint through the use of smart technology. Through data analysis and the use of AI, the company pinpoints which smart devices will offer the most help to reduce a consumer’s bill, and then helps them finance and install those devices. Learn more at www.branchenergy.com.

 

Media Contacts:

ENGIE North America: Michael Clingan, michael.clingan@external.engie.com, (832) 745-6057

IDPR: Amanda Withers, amandaw@interdependence.com, (702) 412-8286

ENGIE is pleased to announce that Ocean Winds, its 50/50 joint venture with EDPR dedicated to offshore wind, has secured a 400 MW Power Purchase Agreement (“PPA”) for Mayflower Wind, the 50/50 joint venture company owned by Ocean Winds and Shell New Energies, to deliver clean offshore wind energy to Massachusetts.

 

These 400 MW of PPA are on top of the already 804 MW PPA secured capacity by Mayflower Wind announced in 2019. In total, Mayflower Wind has now c. 1,200 MW of secured capacity, to provide clean energy to customers throughout Massachusetts.

With today’s announcement, Mayflower Wind will start development of the federal lease area and continue pursuing additional energy contracts to cover its total seabed lease rights of 2,000 MW. Subject to a future investment decision, operations are expected to be commissioned in the mid-2020s.

We are very proud that Ocean Winds and its partner have secured a 400 MW PPA, awarded by the Commonwealth of Massachusetts, through Mayflower Wind. The US market and offshore wind are two main priorities within ENGIE’s strategy in Renewables, and will contribute significantly to reach the Group’s ambitious target to scale up from 31 GW by the end of 2020 to 50 GW in 2025 of renewable capacity”, said Paulo ALMIRANTE, ENGIE Senior Executive Vice President, in charge of Renewables, Energy Management and Nuclear Activities.

With this PPA, ENGIE’s offshore wind under construction or secured capacities reach 4 GW, in addition to the 0.5 GW already operating.

 

 

About ENGIE

 

Our group is a global reference in low-carbon energy and services. In response to the urgency of climate change, our ambition is to become the world leader in the zero carbon transition “as a service” for our customers, in particular global companies and local authorities. We rely on our key activities (renewable energy, gas, services) to offer competitive turnkey solutions.

With our 170,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.

Turnover in 2019: 60.1 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

 

ENGIE HQ Press contact:

Tel. France: +33 (0)1 44 22 24 35

Email: engiepress@engie.com

Twitter: ENGIEpress

 

Investors relations contact:

Tel.: +33 (0)1 44 22 66 29

Email: ir@engie.com

Thirteen Combined Wind and Solar Projects Deliver Abundant Clean Energy and Quality Jobs Across Five States

HOUSTON, TX and ANNAPOLIS, MD – ENGIE North America Inc. (“ENGIE”), a leader in developing and managing renewable energy projects, and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong”) (NYSE: HASI), a leading investor in climate solutions, today announced operational completion of their 2.3-gigawatt (GW) portfolio of wind and utility-scale solar projects.

 

The final renewable project, a 50 MW solar farm in Virginia, was commissioned and transferred into the portfolio partnership previously announced by ENGIE and Hannon Armstrong. In all, there are 13 renewable projects online – including 1.8 GW of onshore wind and 0.5 GW of utility-scale solar photovoltaic (PV) projects. They are estimated to be producing enough renewable energy on the grid to provide power to the equivalent of over 500,000 homes in the U.S.

 

The nine wind and four solar projects, which were constructed from late 2019 through the fall of 2021, supported more than 3,500 mostly local jobs during the construction phase. ENGIE not only developed the complex portfolio of projects, but they will also be the operator – meaning long-term relationships with local communities over the coming decades. The projects will provide long-term property tax revenues in 15 counties across five states supporting services and growth in these largely rural American communities.

 

“We are delighted to commission our final project in this complex portfolio. That was an ambitious project and the team delivered– both in ENGIE and Hannon Armstrong,” said Dave Carroll, Chief Renewables Officer, ENGIE North America. “The energy transition requires innovative, large-scale actions like this to accelerate our pace to meet the climate challenges. Our successful delivery of this world-class portfolio of renewable projects demonstrates what can be done when you have the right team and the right partners.”

 

ENGIE is not only focused on increasing its renewable platform in the U.S., but also on reducing the carbon intensity of other industries such as universities, cities and the transportation sector. As such, each of the 13 projects has off-take agreements with customers, where the renewable energy generated is supporting delivery of commitments to a lower carbon future.

 

The innovative portfolio equity partnership with Hannon Armstrong reflects the importance of developing large-scale financial relationships to support renewable growth.

 

“Achieving the final commissioning of this landmark multi-gigawatt renewable portfolio was only made possible through the incredible collaboration and best-in-class execution of our valued partners at ENGIE,” said Hannon Armstrong Chief Client Officer Susan Nickey. “We share a common mission to accelerate the rapid adoption of climate solutions, and we believe this portfolio of projects is a model example of what can and must be done at scale to meet our country’s ambitious decarbonization goals with clean and reliable energy.”

 

ENGIE’s scale and Hannon Armstrong’s leadership have demonstrated what can be achieved. This 2.3 GW portfolio is part of ENGIE North Americas’ more than 3 GW of renewable generation in the U.S. today with a pipeline of 10 GW of growth projects.

 

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About ENGIE North America

Based in Houston, Texas, ENGIE North America Inc. is a regional hub of ENGIE, a global leader in low-carbon energy and services. ENGIE (ENGI), is listed on the Paris and Brussels Stock Exchanges. Together with our 170,000 employees around the globe, our customers, partners and stakeholders, we are committed to accelerate the transition toward a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.  In North America, ENGIE helps our clients achieve their energy efficiency, reliability, and ultimately, their sustainability goals, as we work together to shape a sustainable future. We accomplish this through: energy efficiency projects, providing energy supply (including renewables and natural gas), and the development, construction and operation of renewable energy assets (wind, solar, storage and more).  For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.

 

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $8 billion in managed assets, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.

 

Media Contacts:

ENGIE North America: Michael Clingan, michael.clingan@external.engie.com, (832) 745-6057

Hannon Armstrong: Gil Jenkins, media@hannonarmstrong.com (443) 321-5753

Dates: 02/24/2021 to 08/24/2021 | Location : Virtual, On-demand

Climb aboard one of our virtual visits of the Energy Observer! Energy Observer is the first hydrogen-powered, zero-emission vessel to be self-sufficient in energy generation. While onboard you will see how solar, wind, battery storage, and hydrogen technologies are powering this floating laboratory as it sails around the world.

 

 

Learn more about this unique vessel and the experience of the crew. Choose the on-demand visit best tailored to you. Each replay is about an hour long. 

 

Energy Professionals VIP Tour

What if the future of cities was invented on a boat? Come find out on this VIP tour.  And meet the crew members that have been sailing around the world for the last 3 years.

College & University Virtual Field Trip

Welcome to the Energy Observer laboratory, where engineers, researchers and scientists are developing innovations, that will make renewable energy a reality for all. Come aboard with our Vice President and General Manager, Courtney Jenkins.

Grades 5-12 Virtual Field Trip

Visit this floating laboratory  to learn about and see how new renewable energy technology really works. Meet the crew of this unique vessel, who will show you around.

Visit www.energy-observer.org to learn more about the vessel, crew, and mission ahead of your trip.

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