ENGIE SPNS/ADR - ENGIY STOCK NEWS

ENGIE Impact has been recognized with the 2023 Partner of the Year for Sustained Excellence Award and the Service and Product Provider Award by the U.S. Environmental Protection Agency, marking its 17th and 19th consecutive wins, respectively. These awards highlight ENGIE Impact's role in aiding major corporations in sustainability and decarbonization efforts.
Over the past six years, the company has helped clients save nearly $1 billion through reduced energy use and cut greenhouse gas emissions equivalent to 900,000 vehicles annually. ENGIE Impact supports numerous Fortune 500 brands in their journey toward Net Zero.

ENGIE Energy Marketing NA, Inc. has partnered with BKV Corporation to create a framework for a new product in the U.S. carbon credits market, focusing on carbon sequestration. This initiative aims to establish verified carbon credits by using advanced emission monitoring technologies. Project Canary will provide data analysis to ensure transparency and accountability. The partnership is positioned as a pioneering effort in developing a differentiated offering for buyers in the energy sector, with BKV's facility in Texas set to be one of the first permanent commercial sequestration projects.

ENGIE North America has acquired a portfolio of 6 GW of solar and battery storage projects from Belltown Power U.S. The transaction includes 33 projects, with approximately 2.7 GW of solar and 3.3 GW of battery storage, enhancing ENGIE's existing renewable capacity in North America, which stood at 3.9 GW as of June 30, 2022. This acquisition is expected to accelerate the company's role in the energy transition and improve grid reliability across various regions, including ERCOT and PJM.

ENGIE North America has expanded its microgrid offerings with a new installation at Santa Barbara Unified School District in California. This project, featuring 4.2 megawatts of solar energy and 3.8 megawatt hours of battery storage, aims to provide reliable backup power, offsetting 90% of energy use. Expected savings of nearly $8 million over the project's lifetime highlight its financial viability, bolstered by potential funding from the Inflation Reduction Act. With California facing numerous power outages, this initiative stands as a model for energy resilience in schools.

The Chula Vista Elementary School District has completed a solar project in partnership with ENGIE North America, featuring 8.1 megawatts of solar energy across 48 sites. The $32 million initiative, funded through a G.O. Bond, is anticipated to save over $70 million in net electricity costs over 25 years. The installation also includes a microgrid system for backup power during peak times, further enhancing energy efficiency. Deputy Superintendent Oscar Esquivel emphasized the project's environmental and financial benefits, aiming to cover 90% of the District's energy needs.