ENGIE EPS: Trading Update
25 Mai 2020 - 8:59AM
Business Wire
Regulatory News:
ENGIE EPS (Paris:EPS):
Carlalberto Guglielminotti, Chief Executive Officer, Giuseppe
Artizzu, Executive Director Global Strategy, and Andrea Rossi,
Chief Financial Officer, will participate and present at the
Société Générale’s Virtual Nice Conference, to be held on 27 and 28
May 2020.
Prior to the conference and the Investor Live Webcast that will
follow the annual general meeting of ENGIE EPS scheduled on 1st
July 2020, ENGIE EPS publishes the following information.
First, while acknowledging the improving COVID-19 outbreak
situation and the gradual easing of social distancing measures,
Carlalberto Guglielminotti, Chief Executive Officer, emphasizes
that the primary concern of ENGIE EPS remains the health of its
employees and their families. For this reason, ENGIE EPS launched
on 30 April the FamilyWorking Manifesto: a new way of remote
working that puts family at its centre, by balancing family life
and professional life. In parallel, in collaboration with IRCCS
Ospedale San Raffaele, part of the San Donato Group, and to
ensure the highest level of security to ENGIE EPS’ employees and
their families, ENGIE EPS has concluded the reconfiguration of all
of its offices and industrial premises and will provide to all
employees the opportunity to perform COVID-19 antibody testing and
advanced screenings with dedicated support.
Notwithstanding the COVID-19 outbreak and the resulting volatile
market environment that contributed to the withdrawal of the 2020
guidance, ENGIE EPS is progressing in the execution of the new Long
Term Strategic Plan with the strong support of ENGIE.
As a result of recent developments, including the selection of
ENGIE to develop, fully own and operate a 60 MWAC solar plus 240
MWh battery storage facility located on Hawaii Island, ENGIE EPS’
Pipeline increased to €766 million, up 12% compared to the one
communicated in March 2020 with the 2019 Annual Results, and
includes:
- over 500 MWh, worth more than €100
million, of competitive tenders in the USA won with
ENGIE and where ENGIE EPS is exclusive storage system supplier;
- over 1,000 MWh, worth more than €200
million, of competitive tenders for which ENGIE EPS is
shortlisted in the Middle East, Asia Pacific and Europe;
and
- up to 25 MW Vehicle-to-the-Grid (V2G)
project, aggregating up to 700 electric vehicles, whose
pilot-phase construction started last week with Fiat Chrysler
Automobiles (FCA), and which will be the largest V2G facility in
the world.
Depending on the extent of the economic disruption caused by the
COVID-19 outbreak, delays in bringing the projects online are
possible, and in line with the information published on 19 March
2020, ENGIE EPS will update – if necessary – the 2022 guidance once
the COVID-19 situation has been overcome.
The presentation for the Société Générale’s Virtual Nice
Conference, as well as the dial-in and webcast link for the
Investor Live Webcast with interactive Q&A session, will be
available on the corporate website www.engie-eps.com under
“Investors / Annual General Meeting 2020”.
* * *
About ENGIE EPS
ENGIE EPS is an industrial player within the ENGIE group that
develops technologies to revolutionize the paradigm shift in the
global energy system towards renewable energy sources and electric
mobility. Listed on Euronext Paris (EPS:FP), ENGIE EPS is listed in
the CAC® Mid & Small and the CAC® All-Tradable financial
indices. Its registered office is in Paris and conducts its
research, development and manufacturing in Italy.
For more information: www.engie-eps.com
About ENGIE
Our Group is a global reference in low-carbon energy and
services. In response to the urgency of climate change, our
ambition is to become the world leader in the zero-carbon
transition "as a service" for our customers, in particular global
companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey
solutions. With our 170,000 employees, our customers, partners and
stakeholders, we are a community of Imaginative Builders, committed
every day to more harmonious progress. Turnover in 2019: EUR 60.1
billion. The Group is listed on the Paris and Brussels stock
exchanges (ENGI) and is represented in the main financial indices
(CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI
Europe) and non-financial indices (DJSI World, DJSI Europe and
Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France
20, CAC 40 Governance).
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Contacts ENGIE EPS Press and Media:
eps@imagebuilding.it Investor Relations: ir@engie-eps.com
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