ENGIE - Experts & Thought Leaders

Schneider Electric, the pioneer in the digital transformation of energy management and automation, announces that it has committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout 2024 and will enable Schneider Electric to get closer to its 100% renewable energy goal in the U.S. and Canada. Battery storage systems The agreement between ENGIE, a pioneer in the net-zero energy transition, and Schneider is among the first at this scale to take advantage of new tax credit transfer provisions in the Inflation Reduction Act (IRA) that will help companies meet their renewable energy goals. Schneider Electric is committed to achieving net-zero emissions across our operations by 2030" “Schneider Electric is committed to achieving net-zero emissions across our operations by 2030. This new solar-plus-storage agreement for the U.S. and Canada with ENGIE, a leading developer of renewables, will help us reach that goal,” said Aamir Paul, President, North America Operations. “The IRA opens the door for innovative projects through its transferability clause, and expands the range of entities that can benefit from tax credits in meeting decarbonization objectives. Schneider Electric is a leader in sustainability, efficiency, and the energy transition, and we are proud to ‘model the way’ with this tax credit transfer.” Clean energy projects The IRA’s transferability clause enables the transfer of eligible federal tax credits from renewable energy, clean energy manufacturing, and battery storage projects, among other clean energy projects. This new feature creates a feasible alternative to traditional tax equity structures. Tax credit transfer also enables Schneider’s Scope 2 decarbonization when the investor-buyer procures associated environmental attributes as part of the transaction. This is not the first collaboration between Schneider Electric and ENGIE. Since 2017, the two companies have joined forces on multiple projects, and have led clients through their procurement of renewable energy via virtual power purchase agreements (VPPAs) that exceed 1.6GW in total in North America alone. ENGIE’s investment and innovation in renewables have resulted in the company being named the leading developer of corporate energy PPAs in 2023 by BloombergNEF in its latest Market Outlook report and being ranked in the top three since 2019. ENGIE’s total corporate PPA portfolio in North America exceeds 6.5GW. Tax credit transfer structures This collaboration with Schneider signals a real step forward in accelerating the net-zero transition" “This collaboration with Schneider signals a real step forward in accelerating the net-zero transition. The solar-plus-storage portfolio, coupled with the innovative tax credit transfer structures enabled by the IRA, helps expand the opportunities for an increasing set of corporate clients to meet their goals,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. “This approach supports the continued growth of renewable energy and storage options in the U.S., which brings economic opportunities to an expanding set of communities alongside the transition to a lower-carbon grid.” Progress actionable solutions “Schneider Electric’s North American renewable energy goal is commendable, and its advancement in accelerating its efforts. Schneider’s work demonstrates both the power of collaboration with essential partners in the energy industry and the innovation necessary to progress actionable solutions in our nation’s journey toward net zero,” said Sheri Givens, President and CEO, Smart Electric Power Alliance (SEPA). “SEPA values its members’ efforts in the clean energy transition, and Schneider’s leadership serves as an example of those companies at the forefront.” According to Bloomberg (BNEF), the IRA's tax credit transfer rules create a new set of possibilities for funding America's energy transition. Most intriguing is the market for tax credits, which could greatly streamline the process of getting money to where it is most needed and is a step towards maturity as market participants discover together operating models that can scale. Credit investment landscape Schneider Electric was advised on the deal by consultants from its Sustainability Business Schneider Electric was advised on the deal by consultants from its Sustainability Business, the world’s largest advisor on corporate renewable energy procurement. Schneider provides these consulting services on tax credit transfers to clients to help them take advantage of the innovative opportunities created by the IRA. It is estimated by Credit Suisse that nearly $1 trillion could be unlocked over the next ten years thanks to public and private spending mobilized by the IRA in climate and energy-related investments. The tax credit transfer opportunities structured by Schneider Electric’s advisory team allow companies to simultaneously reduce Scope 2 emissions, capture favorable risk-adjusted returns on investment, demonstrate environmental leadership, and accelerate progress toward decarbonization goals. This requires an understanding of complex regulations, market uncertainty, energy and environmental attribute markets, and technology maturity curves. With its 20+ years of renewable energy advisory experience, Schneider Electric is uniquely equipped to guide enterprises through the complexities of the new tax credit investment landscape. Renewable energy solutions The IRA has proven to be significant for Schneider Electric’s customers in the private, public, and residential sectors. The company has seen increasing demand for offsite and onsite renewable energy solutions and microgrid technologies using IRA-provided benefits, and growth in its residential consumer market in addition to corporate tax credit opportunities. Schneider’s Sustainability Business is also helping its U.S. public sector clients – predominantly schools and municipalities – to utilize IRA provisions to procure electric vehicles like school buses and emergency response vehicles and to implement onsite solar, providing tax relief to economically disadvantaged public entities across the country.

Clean energy solutions provider Gentari Sdn Bhd through its subsidiary Gentari Green Mobility Sdn Bhd (Gentari) has launched Gentari Go, a customer experience platform offering an integrated sustainable lifestyle by unifying Gentari’s clean energy ecosystem. Currently featuring green mobility and renewable energy solutions, Gentari Go is now activated in Malaysia with a regional rollout planned for Southeast Asia and India in 2024. Home energy solutions Gentari Go is designed to be the companion for consumers looking to transition to clean energy Gentari Go is designed to be the companion for consumers looking to transition to clean energy. “Our aim is to become the platform of choice for every consumer starting their clean energy journey,” stated Shah Yang Razalli, CEO of Gentari Green Mobility. “We’re pioneering the seamless integration of clean energy, extending beyond EV charging to home energy solutions.” Gentari Go’s conceptualization anchors on core features that address the pains of consumers – both individuals and businesses, and its ecosystem will continue to be developed towards its vision of building a unified clean energy community. Comprehensive and holistic solutions Anchored by Gentari’s green mobility pillar as its foundation, Gentari Go offers a seamless and intuitive EV charging experience. It is an EV charging experience built in Asia, for Asia. “Gentari Go offers simple, elegant interfaces that guide first-time users through discovery, activation and payment processes effortlessly. For seasoned users, we’ve integrated advanced features like our charging curve, providing real-time insights into energy consumption during charging sessions,” remarked Shah Yang. EV Connection and ChargeEV These partnerships enable access to over 2,000 chargers across Malaysia, Singapore, and Thailand This experience will now transcend borders. Building on the initial roaming partnerships with EV Connection and ChargeEV, which provide consumers access to over 70% of charging points in Malaysia, Gentari Go now empowers cross-border charging via the first EV Charging Corridor from Singapore to Thailand, in partnership with regional Charging Point Operators (CPOs) such as CDG Engie, City Energy Go and EVolt as well as charging point management with SOC2 & ISO12700-certified Virta.  These partnerships enable access to over 2,000 chargers across Malaysia, Singapore and Thailand. For consumers without an EV, the platform offers the option to rent an EV through its partnership with GoCar, thus helping consumers make the critical leap from Internal Combustion Engine (ICE) vehicles to Electric Vehicles (EV). EV home charging In line with Gentari Go’s aim to be the preferred sustainable lifestyle partner of consumers across Asia Pacific, the platform incorporates Gentari’s renewable energy pillar, supported by home energy solutions such as EV home charging as well as solar, enabling the flow of green energy from Roof to Wall to Wheel. Gentari Go further reaffirms the value of embracing clean energy by rewarding consumers with incentives, earning and redeeming points for using the platform, and contributing to clean energy causes. Green energy ecosystem Gentari Go assigns other firms to optimize their potential within the green energy ecosystem Beyond enabling a comprehensive consumer experience, Gentari Go also empowers other businesses to optimize their potential within the green energy ecosystem, such as fleet operators, charging point operators, automotive companies, and various other product and service providers. By joining the Gentari Go platform, fleet operators are able to access a wider network of chargers and optimize fleet management with telematics support, while CPOs are able to improve their appeal to drivers by connecting to the Gentari Go roaming network.  Gentari Go’s CPO PaaS solution Meanwhile, owners and managers of premises wishing to become CPOs are able to opt for Gentari Go’s CPO-in-a-Box Platform-as-a-Service (PaaS) solution equipped with an app, universal QR, white label app products, and CP management guidance. In addition, Gentari Go supports automotive corporations and original equipment manufacturers (OEMs) with microservices, enabling them to offer customized services and features for consumers, such as auto-charge and various in-car solutions. The Gentari Go app is currently available via the Apple App Store and Google Play Store in Malaysia. Enjoy an electrifying 10% discount on the next 10 charging transactions right from the convenience of the app, valid at all Gentari charging points across Malaysia. Limited offer only. Terms and conditions apply.

ENGIE Vianeo, through its subsidiaries - ENGIE Solutions and SSEC (a joint venture with CERTAS ENERGY France), has joined forces with Siemens Smart Infrastructure to deploy state-of-the-art electric vehicle charging stations.  These are deployed on the networks SANEF (Société des Autoroutes du Nord et de l’Est France), APRR (Autoroutes Paris-Rhin-Rhône), AREA (Société des Autoroutes Rhône-Alpes), and VINCI Autoroutes. Combining efficiency and speed, these charging stations deliver modular power from 160 kW to 300 kW. They provide a charge of up to 80 percent in 20 minutes. Optimum power transmission Each charging station dynamically distributes the charge between two vehicles, simultaneously Each charging station dynamically distributes the charge between two vehicles, simultaneously and features a 24" screen to optimize the user experience. The chargers’ constant efficiency of more than 95.5 percent optimizes energy expenditures by ensuring optimum power transmission to the vehicles.  In line with the current challenges associated with the energy and environmental transition, the mobility market has seen sustained growth for several years. In 2022, almost 200,000 electric vehicles were registered in France, an increase of 26 percent over 2021. By the end of 2022, more than 1.1 million electric and plug-in hybrid vehicles were on the road in France.  Charging infrastructure deployment Under the International Energy Agency´s Stated Policies Scenario (STEPS), the 2023 global outlook for the share of electric car sales based on existing policies and firm objectives has increased to 35 percent in 2030, up from less than 25 percent in the previous outlook.  In May 2023, France passed the milestone of 100,000 charging stations open to the public. Charging infrastructure deployment is a key element in the development of electromobility. According to calculations by Avère France, between 330,000 and 480,000 publicly available charging stations will be needed by 2030.  Building and transportation networks Siemens is responding to the challenges of tomorrow with powerful, interoperable, and scalable charging infrastructure solutions for electric vehicles. Siemens eMobility offers IoT-enabled hardware, software, and services for alternating current (AC) and direct current (DC) charging from 11 to 300 kW for a broad range of applications, adapted to a context where energy, building and transportation networks must be smart and therefore interconnected and interoperable. “We are delighted to be working with Siemens on this project. Strengthening the country-wide network of charging stations is crucial to building the mobility of tomorrow where the use of electric vehicles will become increasingly widespread. We will also need foolproof technology to ensure the careful management of our energy resources and a very high level of charging station availability, something that electric vehicle drivers rightly demand. Because of its technical performance and commitment to decarbonization, Siemens is the ideal partner for this project,” said Didier Liautaud, Managing Director of ENGIE Vianeo France. Low-carbon mobility “We are proud to support ENGIE Vianeo in deploying this essential solution for electrifying the mobility of tomorrow. We share our partner's commitment to low-carbon mobility that is as accessible as possible. With its scalable design and dynamic charging capacity, the new SICHARGE D series represents a major step forward to meet the challenges of electromobility,” said Olivier Delassus, Director of the eMobility business at Siemens Smart Infrastructure France.