Engie

What Engie does

ENGIE S.A. is a France-headquartered, publicly listed (Euronext Paris: ENGI) global energy transition company operating across the entire energy value chain — renewable generation, infrastructure, and customer supply. The company was originally founded as Suez in 1834 and rebranded to ENGIE in 2015, and is organized around three core business lines: (1) Renewable Energy Production and Flexibility, encompassing solar, onshore wind, offshore wind (via the 50/50 Ocean Winds joint venture with EDP Renewables), hydroelectric, biomethane, green hydrogen, and battery storage; (2) Energy Infrastructure, including regulated electricity and gas networks (UK Power Networks serving 8.5M customers after a £10.5B equity / £15.8B enterprise value acquisition completed February 2026), district heating and cooling networks (notably the Paris system serving 500+ buildings, operated by Fraîcheur de Paris under a €2.4B 20-year concession), and gas distribution; and (3) Energy Supply to Customers, covering residential, business, and industrial electricity and gas supply with custom decarbonization offerings.

The business model is primarily subscription/recurring in nature, anchored by long-term power purchase agreements (e.g., a 15-year Apple wind/solar PPA in Southern Italy preventing ~160,000 tons of CO2 annually), regulated network returns, concession contracts, and recurring utility supply contracts to over 19 million customers globally. Capital intensity is substantial, with €12B in average annual investments supporting a 103 GW installed electricity production and storage portfolio across 30 countries and roughly 98,000 employees. Go-to-market combines enterprise field sales for PPA and decarbonization engagements (Apple, Aker BioMarine, Deep Green data centers, Neoen), regulated distribution operations, and direct retail supply to residential and SMB customers.

Strategic priorities include reaching 10 GW of battery storage globally by 2030, 10 TWh of biomethane capacity in Europe by 2030, and net zero by 2045, alongside a portfolio rotation that has included the sale of ENGIE Impact to Arcadia and ENGIE Factory Asia Pacific to Pacific Channel, financed in part by green bond issuance totaling approximately €27B as of December 2025. Supporting assets include the EVA generative AI virtual assistant, ENGIE New Ventures (CVC), the TED sustainability certification label (audited by Bureau Veritas across 11 countries), and dedicated R&D infrastructure including Lab CRIGEN, Lab Singapore, Lab Cylergie, and Laborelec.

Name

Engie

Legal name

ENGIE S.A.

Website

https://engie.com

Company type

Public

Founded year

2015

Headcount range

5,001–10,000 employees

Short description

ENGIE is a France-based publicly traded energy transition company that generates renewable electricity, operates regulated energy networks, and supplies electricity and gas to over 19 million customers across 30 countries, with 103 GW of installed capacity.

Ownership category

akta.pro rank

Product category

Renewable Energy and Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911), Natural Gas Transmisison & Distribution (4923), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

akta.pro secondary industries

Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Network Upgrades & Capacity Additions (Reconductoring, Rebalancing, Voltage Optimization) (EUAEACAN), Microgrid, DER & Building Electrification Energy Controls (Solar/Storage/EV Load Orchestration) (BPABAGAJ)

Keywords

• Renewable energy generation
• Energy infrastructure services
• Electricity and gas supply
• District heating and cooling
• Battery energy storage

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Renewable Energy Production: Generation of electricity from renewable sources including solar, wind, hydro, and biomethane. The company has 103 GW of installed electricity production and storage capacity.
2. Energy Infrastructure: Operation of energy infrastructure including electricity networks, gas networks, and district cooling/heating networks.
3. Energy Supply to Customers: Supply of electricity, gas, and energy services to residential, commercial, and industrial customers across multiple countries.
4. Battery Storage and Flexibility: Development and operation of battery energy storage systems (BESS) providing grid flexibility and stability services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Engie generates electricity from renewable sources (solar, onshore and offshore wind, hydroelectric, and biomethane), operates energy infrastructure including electricity transmission and distribution networks, district heating and cooling networks, and gas networks, and supplies electricity, gas, and energy management services to residential, commercial, and industrial customers across 30 countries. Engie's offering spans the full energy value chain backed by 103 GW of installed production and storage capacity, an R&D network of four labs, and growing battery storage and hydrogen production capabilities.

Product overview

ENGIE is a major energy transition company organized around three complementary business lines covering the entire energy value chain: (1) Renewable Energy Production and Flexibility — generating electricity from solar, wind (onshore and offshore), and hydroelectric sources, supported by battery storage, virtual power plants, and flexibility solutions, including Ocean Winds (offshore wind JV) and projects across Europe, Africa, the Americas, and Asia; (2) Energy Infrastructure — operating and developing electricity transmission/distribution networks (including UK Power Networks acquired in 2026), district heating and cooling networks (notably Fraîcheur de Paris), gas networks, and storage facilities across 30 countries; and (3) Energy Supply to Customers — supplying electricity, gas, and energy management services to residential, business, and industrial customers. Supporting these core operations are ENGIE Research & Innovation (four R&D centers), ENGIE New Ventures (venture capital), the Label TED certification for renewable projects, EVA (generative AI virtual assistant), and ENGIE Global Business Services Romania.

Differentiator

Problem solved

Functional benefit

Products and services

• Renewable Energy Production and Flexibility Engie generates electricity from solar, wind (onshore and offshore), and hydroelectric sources, supported by battery storage systems and flexibility solutions to balance supply and demand on the grid across 30 countries.
• Energy Infrastructure Engie operates and develops energy infrastructure including electricity transmission and distribution networks, district heating and cooling networks, gas networks, and storage facilities across 30 countries.
• Energy Supply to Customers Engie supplies electricity, gas, and energy services to residential, business, and industrial customers, offering customized energy solutions, procurement, flexibility management, and decarbonization services.
• District Cooling (Fraîcheur de Paris) One of the world's largest district cooling networks using cold water pumped directly from the Seine River to provide centralized air conditioning to over 500 buildings in Paris including museums, hospitals, and schools, operated under a €2.4 billion, 20-year concession contract.
• UK Power Networks (Electricity Distribution) The UK's leading electricity distribution operator operating ~192,000 km of power lines delivering 71 TWh of electricity annually to 8.5 million customers across London, the South East, and East of England.
• Ocean Winds — Offshore Wind Joint Venture A 50-50 joint venture between ENGIE and EDP Renewables developing, building, and operating offshore wind projects including the Îles d'Yeu et Noirmoutier project in France (61 turbines), the EFGL floating offshore wind project (3x10 MW turbines), and projects in Poland (BC-Wind), Belgium, the Netherlands, and Germany.
• Drogenbos Battery Energy Storage System (BESS) A 320 MWh battery energy storage system at the Drogenbos power station near Brussels, Belgium, providing grid flexibility and stability services under a 15-year Capacity Remuneration Mechanism contract starting November 2027.
• Spain Battery Energy Storage Projects (Álora and Tarifa) Combined 278 MW/1.1 GWh of battery energy storage capacity in Andalusia, Spain (78 MW/312 MWh Álora and 200 MW/800 MWh Tarifa) supporting ENGIE's target of 10 GW global battery capacity by 2030.
• Castelnou 155 MW Solar Farm A 155 MW solar farm under development alongside the existing 790.68 MW Castelnou gas-fired plant in Teruel, Spain, deploying over 284,000 photovoltaic panels.
• Denmark Renewable Hydrogen Project (Aabenraa) A 150 MW renewable hydrogen production project under development in Aabenraa Municipality, Denmark, targeting commercial operation around 2030 to supply German industrial and mobility demand via the Danish-German Hydrogen Backbone.
• BTE Renewables (African Renewable Generation) African renewable energy generation platform with 340 MW of operational assets and over 3 GW development pipeline across South Africa and Kenya, acquired jointly with Meridiam in 2023.
• Ixora Energy (UK Biomethane Production) A UK biomethane production platform with three production units in Devon and Somerset, acquired in 2023 to support ENGIE's target of 10 TWh of biomethane capacity in Europe by 2030.
• Broad Reach Power (US Battery Storage) US battery energy storage portfolio with 350 MW operational capacity and 880 MW under construction in Texas, California, and central US, acquired in 2023 to advance ENGIE's 10 GW battery target.
• Label TED (Transition Énergétique Durable) Certification A sustainability certification label for renewable energy projects, audited by Bureau Veritas, certifying 9 commitments across territories, nature, and climate themes, deployed across 11 countries covering ~85% of ENGIE's installed wind and solar capacity.
• ENGIE New Ventures (Venture Capital Fund) Engie's corporate venture capital arm, established in 2014, that invests in energy transition startups to complement internal innovation efforts.

Quantifiable outcome

• 30-50% electricity efficiency gains from district cooling vs individual AC units
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Fraîcheur de PariscoreStrategic or Co-development Partner · 26 June 2026ENGIE originally conceived Paris's district cooling network in the 1990s. Fraîcheur de Paris now operates the €2.4 billion, 20-year concession contract with the city, plans to triple in size by 2042 to reach over 3,000 buildings.
• FlowermajorStrategic or Co-development Partner · 23 June 2026ENGIE and Swedish company Flower signed a seven-year virtual Flexibility Purchase Agreement covering 126 MW of battery storage capacity in Germany. The agreement covers Flower's 100 MW/400 MWh Hamburg project and 63 MW/257 MWh project in Döllnitz, Saxony-Anhalt, effective January 2029.
• European EnergymajorStrategic or Co-development Partner · 20 June 2026ENGIE and European Energy signed a cooperation agreement to develop a 150 MW renewable hydrogen project in Aabenraa Municipality, Denmark near Kassø. The facility will produce more than 20,000 tonnes of renewable hydrogen annually, targeting commercial operation around 2030 to supply German industrial and mobility demand via the Danish-German Hydrogen Backbone.
• Engie Brasil ParticipacoescoreStrategic or Co-development Partner · 17 June 2026Engie Brasil agreed to acquire a 40% stake in the Jirau hydroelectric power plant from its controlling shareholder Engie Brasil Participacoes in a transaction valued at approximately R$5.37 billion ($1.13 billion). The Jirau plant has 3,750 MW installed capacity.
• Scala Data CentersminorStrategic or Co-development Partner · 30 May 2026ENGIE completed sale of minority stakes in five Brazilian wind farms to Scala Data Centers, with the transaction approved by Brazilian antitrust regulator Cade.
• NHOA EnergycoreStrategic or Co-development Partner · 27 May 2026ENGIE and NHOA Energy broke ground on a 320 MWh battery energy storage system at ENGIE's Drogenbos power station near Brussels, Belgium. Part of ENGIE's target to operate 500 MW of battery storage capacity in Belgium by 2030. The project operates under a 15-year contract starting November 2027.
• ArcadiaminorChannel Partner/ Reseller/ Distributor · 26 May 2026Arcadia acquired ENGIE Impact, the sustainability and resource management consultancy arm of ENGIE. The transaction gives Arcadia access to approximately 1,500 enterprise customers including about 25% of the Fortune 500, processing over US$30 billion in annual utility payments.
• ENGIE Impact (Sale)minorChannel Partner/ Reseller/ Distributor · 7 May 2026Sale of ENGIE Impact to Arcadia completed on April 29. This divestment aligns with ENGIE's restructuring and asset divestment plan to fund acquisitions such as UK Power Networks.
• AmplicityminorStrategic or Co-development Partner · 5 May 2026ENGIE invested US$1 million in Amplicity, a Singapore-based energy startup that helps businesses earn revenue from backup batteries through power market services. Amplicity operates in Singapore and is expanding into Australia.
• Deep SkymajorStrategic or Co-development Partner · 30 April 2026Deep Sky and ENGIE announced a comprehensive partnership including ENGIE purchasing up to 15,000 carbon removal credits from Deep Sky's direct air capture facilities, along with joint research on DAC technology and energy systems integration. The partnership supports ENGIE's goal to reach net zero by 2045.
• Ocean Winds (Joint Venture with EDP Renewables)coreStrategic or Co-development Partner · 27 April 2026Ocean Winds is a 50-50 joint venture between EDP Renewables and ENGIE for offshore wind development. The joint venture operates projects in France (Yeu-Noirmoutier, EFGL floating offshore), Poland (BC-Wind), and was involved in US projects (Golden State Wind, Bluepoint Wind) that were terminated under Trump administration agreements.
• BTE Renewables (Acquisition with Meridiam)majorStrategic or Co-development Partner · 9 April 2026ENGIE and Meridiam acquired BTE Renewables, an African renewable energy company, from ACTIS for approximately $1 billion. The deal adds 340 MW of renewable energy assets and a development pipeline of over 3 GW in South Africa and Kenya.
• First Hydro Company (Joint Venture with La Caisse)coreStrategic or Co-development Partner · 7 April 2026£300 million investment approved at Dinorwig and Ffestiniog pumped storage hydro stations in North Wales, part of a £1 billion investment programme. The investment will enable replanting of the first two units at Dinorwig, expected to become commercially operational in 2028 and 2029.
• UK Power NetworkscoreStrategic or Co-development Partner · 25 February 2026ENGIE completed acquisition of UK Power Networks for £10.5 billion, strengthening its position in regulated electricity networks. UKPN operates 192,000 km delivering 71 TWh annually to 8.5 million customers across London, South East, and East of England.
• Energy DomeminorStrategic or Co-development Partner · 1 December 2024Partnership between Energy Dome and ENGIE to launch the first full-scale CO2 Battery in Sardinia, Italy, part of the energy storage as a service market development.
• Broad Reach Power (Acquisition)majorStrategic or Co-development Partner · 24 August 2023ENGIE acquired Broad Reach Power, a US battery storage company, from EnCap and Apollo. The deal includes 350 MW operational capacity and 880 MW under construction in ERCOT territory (Texas, California, and central US), supporting ENGIE's goal to reach 10 GW of battery capacity globally by 2030.

Scale indicators13 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• EDF (Électricité de France): French state-controlled integrated utility with nuclear, hydro, wind and solar generation plus regulated networks and retail supply. Closest direct competitor to ENGIE in France and across European energy transition markets.
• Iberdrola: Spanish global renewable and network utility with leadership in onshore/offshore wind, solar and regulated electricity distribution (e.g., ScottishPower, Avangrid). Highly comparable on renewables scale, network ownership and energy transition strategy.
• Enel: Italian multinational integrated utility with renewable generation, regulated networks and retail supply across Europe and Latin America. Comparable in geographic mix (Europe + LatAm), renewable focus and end-customer reach.
• E.ON: German integrated utility focused on distribution networks, customer solutions and renewable energy services. Directly comparable on European network operations and B2C/B2B energy supply, though less generation-heavy than ENGIE.
• RWE: German utility pivoted heavily into renewables and offshore wind, with European generation and trading operations. Comparable on renewable build-out, offshore wind exposure and transition from fossil generation.
• Ørsted: Danish offshore wind leader and integrated renewable energy company, joint-venture partner with ENGIE in Ocean Winds. Highly comparable on offshore wind development pipeline and green energy transition strategy.
• Vattenfall: Swedish state-owned integrated utility with hydro, wind and district heating across Northern Europe. Comparable on renewable generation mix, district heating operations and public-ownership/regulated context.
• NextEra Energy: US-based renewable energy and regulated utility leader (FPL + NextEra Energy Resources). Comparable on renewable scale leadership, transmission/distribution operations and large capex programme.
• SSE plc: UK-listed integrated utility with renewables, regulated networks (Scottish Hydro Electric Power Distribution) and flexible thermal generation. Comparable on UK network ownership and renewable development.
• CEZ Group: Czech integrated utility with generation (nuclear, hydro, wind, solar), distribution and retail across Central Europe. Comparable as a European integrated utility executing the energy transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/engiegroup
• Facebookfacebook.com/engiegroup
• LinkedInlinkedin.com/company/engie

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds8 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A25 records

Investments33 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Engie