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N100:ENGI, Sep 25, 09:52 UTC

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ENGIE NA Unveils Largest Energy Storage System in Massachusetts in Cooperation with Holyoke Gas & Electric - Press Release

ENGIE ENGI

ENGIE Storage Services (formerly Green Charge) will operate the three-megawatt GridSynergy™ system, which will be fully integrated into the largest community solar farm in the state at a location adjacent to the former Mt. The energy storage system will enhance HG&E’s electricity system and help keep electric rates stable by reducing rising capacity charges for the utility and its customers. Additionally, GridSynergy will provide grid stability by responding quickly to electricity demand fluctuations; allow for the increased use of clean energy; and reduce peak load burden on the existing electrical distribution system. About ENGIE Storage Services NA LLCENGIE Storage Services NA, formerly Green Charge LLC, helps power the world more efficiently and sustainably. As the nation’s number one distributed energy storage company, it serves energy producers, distributors, and consumers, including utilities, network operators, and energy consumers in business and government.

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Yesterday


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Engie EBITDA to be slightly below forecast on Belgian nuclear -CFO

ENGIE TRI +1 more ENGIE TRI ENGI

Engie EBITDA to be slightly below forecast on Belgian nuclear -CFO. (Reuters) - Engie's 2018 core earnings will be slightly below the utility's target due to longer than expected outages at its Belgian nuclear plants, but next year the Belgian nuclear availability rate should normalise, Engie's CFO said on Monday. On Friday, the French gas and power group warned that the Belgian outages would push its 2018 net recurring income to the low end of its 2.45 billion-2.65 billion euros ($2.9 billion-$3.1 billion) forecast range but did not mention core earnings before interest, tax, depreciation and amortisation (EBITDA). "We expect Ebitda ... to be slightly below the indication that we had given at the beginning of the year," said Engie's CFO.

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Friday, September 21


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Utility Engie warns on profit impact from Belgian nuclear outages

ENGIE ENGI

PARIS (Reuters) - French gas and power group Engie warned on Friday that the extended outages at its Belgian nuclear plants would push its 2018 net recurring income to the low end of its 2.45 billion-2.65 billion euros (2.2-2.3 billion pounds) forecast range. It said the longer outages would result in a shortfall of around 250 million euros in core earnings before interest, tax, depreciation and amortisation (EBITDA) and net recurring income. "The action plan launched last June - renegotiation of contracts, generation portfolio optimisation - combined with the very good performance in other businesses, offset to a large extent the impact from unplanned nuclear outages," Engie said. Engie shares, <ENGIE.PA> which had been down by about two percent on news of the longer outages, recovered to stand 1.2 percent higher by 1353 GMT, outperforming the broader French market index, which was up 0.8 percent.

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Engie extends outages at two Belgian nuclear reactors

ENGIE TRI +1 more ENGIE TRI ENGI

(Reuters) - French energy group Engie has extended outages at two of its Belgian nuclear reactors by several months following the discovery of problems with their concrete structures. Engie said in a notice on its website that the outage at its Tihange 2 nuclear reactor was extended until May 31, 2019 from end of October, while stoppage at Tihange 3 was extended until March 1, 2019 from end of September 2018. Belgium's nuclear power regulator said earlier this week it had detected concrete degradation in two bunkers adjoining the reactor buildings. Engie shares were down nearly two percent in midday trade.

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Thursday, September 20


News

Engie builds ups Chile development pipeline - BNamericas

ENGIE ENGI

Start a free trial, to unlock the full potential of a subscription to BNamericas. Engie Energía Chile (EEC) has budgeted approximately US$100mn to build a solar park in northern Chile's Antofagasta region. BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America.

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Thursday, September 13


News

ENGIE Enters Midwest Retail Natural Gas Markets

ENGIE ENGI

Working with a sales channel of independent energy brokers and consultants, ENGIE is now offering 6,12,18, 24, and 36-month fixed price contracts to small commercial and industrial customers in Illinois and Ohio who are participating in local utility choice programs. ENGIE is also servicing customers in Ohio locations within Dominion East, Duke Energy, Vectren, and Columbia Gas service territories. Illinois and Ohio rank second and sixth respectively in commercial natural gas consumption in the U.S., according to the American Gas Association. ENGIE Resources is part of ENGIE North America, which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, retail natural gas and electricity sales, in addition to services that help customers run facilities more efficiently and optimize energy use and expense. For more information on ENGIE North America, visit www.engie-na.com or Twitter.

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Wednesday, September 12


News

ENGIE, STOA tie up to develop wind platform in India

ENGIE ENGI

"ENGIE, a leading multinational utility company and the largest global independent power producer, and STOA, a French infrastructure and power equity investor in developing countries, announced today a partnership to build a wind platform in India...through a Joint-Venture detained 50/50 by the two entities," a statement said. These three projects, which are currently in implementation stage (200 + 50 MW in one location in Tamil Nadu and 30 MW in Gujarat) will form a part of the platform, it said. Malcolm Wrigley, Country Manager, ENGIE India, said: "Our aim is to respond to the major challenges of the energy transition, in particular in fast-growing countries like India." Matthew Saville, STOA's Managing Director, added: "The Indian renewables sector has seen strong growth and demand for power across the country will continue to increase.

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Sunday, September 09


News

Veolia, Chevron, BP, Glencore Nikkelverk, Arkema, Shell, Vattenfall, Engie, Innogy SE, and ADNOC

ENGIE ENGI +6 more ENGIE ENGI RDSA CVX RDSB BP VIE BP

Senior executives from Veolia, Chevron, BP, Glencore Nikkelverk, Arkema, Royal Dutch Shell, Siemens Gamesa Renewable Energy, Vattenfall, Engie, Innogy SE, E.ON., Uniper, Aquaterra Energy, ADNOC and many more will share their expertise and give an inside look at their operations. Jim Wetherbee, Astronaut, Former VP - BP, Author, Controlling Risk: 30 Techniques for Operating Excellence. David Loyd, Chief, Safety & Test Operations Division at NASA commented: "I've attended many of this team's summits all over the world. I'm constantly impressed with the high quality topics and presenters." The event will bring together over 40 world class industry speakers and 30+ brand new sessions on Human-Centred Operational Excellence, Digital Transformation, Process Safety, Leadership & Culture, Supply Chain Operational Excellence, EH&S Excellence, Asset Performance Management, IoT, RPA, Operational Risk Management and much more.

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Friday, September 07


Social Chatter

Engie SA (BEL:ENGI) social chatter is higher than usual

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Energy Giant Engie, Maltem Back New ‘Blockchain Studio’ With $2.3M https://t.co/srerMCTKsi #bitcoin
News

Japan’s J-Power and France’s Engie to develop offshore wind

ENGIE ENGI

Japan’s Electric Power Development (J-Power) and France’s Engie have signed a memorandum of understanding (MoU) to work together and develop power projects, particularly large-scale commercial offshore wind projects. The partnership will look into the development of offshore wind off Japan, including floating offshore wind, and developing “competitive” new technology for the industry. In addition, the duo will look at other projects in Japan, Europe and other regions, it said, without providing details. J-power owns a 25% share of the 860MW Triton Knoll offshore wind farm, which is under development off the east coast of England.

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