ENGIE is launching its first “Innovation Week”, June 15 - 19. Over 115 events that bring together experts, start-ups, customers, partners and employees will be organized around the world in some twenty countries. Each day a different theme will highlight the Group’s innovation priorities: energy efficiency, renewable energies, smart technologies, smart cities, mobility and 21st century natural gas. “Innovation Week” offers a unique opportunity to discover the full range of ENGIE innovations developed with partners, as well as an occasion to discuss solutions that will be transforming the energy universe.
Indeed, the energy industry is going through a thorough transformation. The three main forces shaping the energy sector of tomorrow are decarbonation, decentralization and digitalization. ENGIE is keeping pace with these changes by integrating innovation into the heart of its customer business strategy. A year ago, ENGIE created a new Innovation Division with as mission to identify, select, and support innovative ideas that could be converted into new business.
A comprehensive program, both internal and external, was established to promote Group innovation. For the past year, the ideas of employees have been collected via an in-house social network with more than 8,000 members. Their best ideas were selected and developed through outside incubator partnerships in France and Belgium and soon to be established in the United Kingdom, the Netherlands and Brazil. Nine teams have begun to work on projects extending from big data to crowdfunding, to load management.
A specially designed innovation investment fund has also been created, ENGIE New Ventures, with €100 million in capital. The fund supports start-ups in their growth phase. During the past year, six operations have been carried out, among which minority investments in five start-ups. There again, the fields are varied: energy efficiency for the B2C market, drones, linked objects, nanotechnologies, and green mobility. Finally, ENGIE regularly issues to start-ups requests for projects (RFPs) to advance together on a range of particular areas.
These tools supplement pre-existing Group programs, the Innovation Awards in particular, which is an in-house event dating back more than 20 years, and whose next edition will be open to the public for the first time: June 18 at the Salle Gaveau in Paris.
ENGIE (engie.com) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (GSZ) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investor Relations contact: T: +33(0)1 44 22 66 29 - E: ir[.]engie.com.