ENGIE General Shareholders’ meeting of 17 May 2019

  • Approval at the General Shareholders’ meeting of all resolutions
  • A tightened Board of Directors composed of 14 members

ENGIE’s Combined General Shareholders’ meeting was held on 17 May 2019 for the first time under Jean-Pierre Clamadieu’s chairmanship. 17 901 shareholders participated of wich 16 400 voted before the meeting.

During the meeting, the shareholders renewed the terms of office of independent board members Françoise Malrieu and Marie-José Nadeau, and of Mari-Noëlle Jégo-Laveissière and Patrice Durand, proposed by the French State. These terms of office have all been renewed for a period of four years.

Given this new configuration, the Board of Directors has reviewed the composition of its committees, from now chaired by respectively:

  • Marie-José Nadeau – Audit Committee;
  • Jean-Pierre Clamadieu – Strategy, Investments and Technologies Committee, replacing Edmond Alphandéry;
  • Françoise Malrieu – Appointments, Remuneration and Governance Committee;
  • Ross McInnes – Ethics, Environment and Sustainable Development and Committee, replacing Ann-Kristin Achleitner.

During this General Shareholders’ meeting, Jean-Pierre Clamadieu said: “The Group’s governance is geared towards creating sustainable value for all its stakeholders, shareholders, clients and employees… Since my appointment as Chairman, the Board of Directors has continued to modernise its operation. Its new configuration will allow us to further improve the quality of our work and be more agile in our decision-making. Isabelle Kocher and the Executive Committee can count on the support of the Board to support them in the implementation of the strategy we have built together.

All resolutions, including those regarding the financial statements and income allocation for the 2018 financial year, were also approved.

The ordinary dividend for the 2018 financial year was set at € 0.75 per share, plus an exceptional dividend of € 0.37 per share. Taking into account the payment of an interim dividend of €0.37 per share on 12 October 2018, a balance of € 0.75 per share will be paid on 23 May 2019. As announced when the 2018 results were published, ENGIE will be paid in one time from 2020.

Today, ENGIE published its 6th Integrated Report presenting the Group’s strategy, governance and performance, as well as the environment in which it operates. This publication illustrates the Group’s will to manage its performance globally by integrating the impact of its activities on all its stakeholders.

The Shareholders’ Meeting was broadcast live on the Group’s website and is still available for viewing. The presentation and the results of the vote are also available on the Group’s website. Visit www.engie.com.

Future events

  • 23 May 2019: Payment of the final 2018 dividend (€ 0.38 per share) and of an exceptional dividend (€ 0.37 per share); the date on which shares are traded ex-dividend has been set as 21 May
  • 30 July 2019: Publication of results of the first half of 2019

Posted in Uncategorised

How to Keep Your Boiler Working for Longer?

If your boiler breaks down in the middle of the cold season, you will have a hard time fixing it. But you can keep it from happening if you regularly inspect your unit. With that said, following we are going to give you a few quick tips that help you keep a close look at the boiler unit and assure it keeps working in the long run.

Why Should I Verify My Unit is Working Properly?

A boiler unit is an important investment for your home. It usually comes with a warranty for 5-7 years. However, you can lose its value or your money if gets broke, starts to leak and you don’t repair it in time.

Performing simple inspections throughout the year to assure your unit works properly pays off. It saves you tons of money in the long run. In case your boiler breaks down, you will waste energy and worsen the damage.

This will only make repairs more expensive. With that said, we are going to give you some tips on how to keep your boiler running for long and save money in the long run.

What Do You Need to Know?

Condensing boilers make the majority of boiler market today. These come in two options, Combi and System. These new types are 10%-20% more efficient as compared to other types. Still, they pose a risk of freezing down in cold months.

If you are careful enough to notice, several signs show the boiler isn’t working as it should. Before it stops heating water, you can tell it’s losing its efficiency by doing the following:

Check the Flame’s Color

Ideally, the flame should be blue. In case the flame is of yellow or orange color, it shows there is something wrong with your boiler. In this case, you better check your warranty to see if it’s valid and call the supplier. If the warranty is not valid, call a professional instead of trying to fix it yourself.

Check Boiler Pressure

If the pressure drops or rises, it means there is something wrong with the boiler pressure. Constant high pressure also means there is something wrong with the boiler and it needs fixing.

Check for Noises

You better be watchful for noises including clicking and ticking, especially when you start the boiler. The noises indicate you should check your boiler and see if there is something wrong with it. Don’t overlook this issue!

Check Your Energy Bills

It’s a smart move; you better keep a look at your energy bills. Keep an eye on your energy bills to see if your boiler is using more energy than it usually does. Consuming more energy than normal means your boiler is losing its efficiency.

Inspect your boiler, find the issues and get them fixed, even replace a few defective parts. Taking care of an impending issue promptly will save both your time and money. It requires an effort, but it will pay off.

Investing in a Boiler Insurance

You might believe it’s an extra expense but getting boiler insurance can help save a lot of money in the long run. Having insurance makes sure your boiler remains in perfect condition. Just be careful when reading the terms and assure you don’t miss out any important detail.

Finding reliable insurance can be tough. But if you research the market and compare options based on your needs and budget, you can find a reliable option.

If you are looking for reliable Boiler Insurance Online, try Corgi Home Plan. They offer excellent services at affordable rates.

Posted in Gas

Speech: West Midlands Local Industrial Strategy

Ladies and gentlemen

It’s great to be at the Advanced Propulsion Centre to launch the West Midlands Local Industrial Strategy.

Just up the road is WMG (Warwick Manufacturing Group) founded – of course – by Professor Lord Bhattacharyya to whom this Local Industrial Strategy is dedicated.

And it didn’t take long before WMG became the envy of the world.

In 1993, the French government sent a team to this campus – who hailed WMG as:

Europe’s most outstanding example of how a university should interact with industry.

Four years later, the German government called WMG:

A future role model of German universities.

While Singapore were even more direct, saying that:

Singapore should look at WMG and clone it.

Our Local Industrial Strategies are all about building on local strengths like these.

And this morning I was delighted to visit the site for the UK Battery Industrialisation Centre in which WMG is playing a central role.

Announcing 28 million pounds of additional funding to make sure that this centre has the best possible equipment to develop the processes which will make electric cars part of everyday life.

The West Midlands Local Industrial Strategy is the very first such strategy to be launched.

And I’d like to congratulate Andy Street and everyone who has been involved on this remarkable achievement. But far from being the end of the journey this is just the beginning.

By next year we want every person in England to be covered by a Local Industrial Strategy.

So 3 million down – only 53 million to go!

Local Industrial Strategies are about doing things differently.

And in the last 18 months we’ve seen exciting conversations taking place between central government and places across our country.

Not government telling places what they’re good at.

Or regions coming to Whitehall begging bowl in hand.

But central and local working together as equals, from the outset.

Combining the clout and convening power of central government with the expertise and energy of local places. We are now working with all Mayoral Combined Authorities and Local Enterprise Partnerships to develop Local Industrial Strategies.

And we’re looking beyond the ‘usual suspects’.

With the second wave of strategies including places like Leicester and Leicestershire, Cheshire and Warrington, and even my Secretary of State’s old stomping ground of the Tees Valley.

So ladies and gentlemen,

Last November, Professor Lord Bhattacharyya ended one of his last speeches with the words:

Together, we can honour our past triumphs … by investing in our future success.

Today, through this Local Industrial Strategy we are investing in the West Midland’s future success.

So now let’s work together and inspire others to follow in your footsteps.

Detailed guide: Whole House Retrofit (WHR) competition

This Whole House Retrofit (WHR) cost reduction trajectory competition is a key early step in accelerating a reduction in domestic retrofit costs. It supports:

  • our ambition to halve the cost of retrofitting existing buildings to the same standard as new builds by 2030
  • the government’s Fuel Poverty target to bring as many fuel poor homes as reasonably practicable to EPC band C by 2030
  • our aspiration for as many homes as cost effective, practical and affordable to reach the same standard by 2035

The competition

The WHR competition will make available approximately £9.4 million for a limited number of projects which demonstrate a cost reduction trajectory for whole house retrofit.

Your project must consider both process related innovations and material aspects of retrofit, focusing on mass production and large-scale delivery.

We anticipate that successful projects will focus on upgrading social housing properties, given the comparative uniformity of the dwellings, and the ability to procure at scale. However, we would be interested to hear credible alternative proposals.

Key outputs:

  • demonstration of cost reduction through process innovation
  • evidence of sources of cost reduction
  • a minimum of 200 homes overall improved by at least 25 SAP points reaching at least Energy Performance Certificate (EPC) band B, and with minimum fabric efficiency levels
  • development of retrofit plans, installation of whole house retrofits, commissioning with residents, and post installation monitoring.

Information event, 1 Victoria St, 30 May 2019, 9.30am to 1.00pm

If you are interested in applying for the competition, this event will provide more about the competition purpose, details on how to apply, and is an opportunity to put questions to the BEIS team.

To register your interest please contact:

Judith Britnell

1 Victoria St
London
SW1H 0ET

Email: WholeHouseRetrofit@ricardo.com

Please provide the following information:

  1. Name
  2. Organisation
  3. Organisation Type
  4. Job title and role within organisation
  5. Number of people that wish to attend (maximum 2 per organisation)

Note:

  • places are limited
  • we will accept guests on a first come first served basis
  • for those unable to attend we may host a live webinar; we will provide details nearer the time.

Competition timescales and eligibility

  • We expect to open the WHR competition week beginning 10 June 2019.
  • bids should be submitted within 6 weeks after it opens
  • projects must complete by March 2021

Bids are welcome from any organisation, or consortium, which can meet the expected outputs, including SMEs, large enterprises, academic, financial, research, public and third sector organisations.

The competition is UK wide. Projects will need to demonstrate leverage of third-party funding.

Successful bidders will need to have access to a large number of similar properties in which whole house retrofit is possible within the project timeframe. In practice, this is likely to generate bids from consortia of retrofit industry players and social housing providers. BEIS will have a direct relationship only with one party in a consortium who will be responsible for project delivery.

Press release: New boost for UK ambition to lead the world in zero emissions vehicles

  • Coventry based UK Battery Industrialisation Centre will be a new national centre of excellence creating high skilled jobs and attracting inward investment
  • Comes as the West Midlands Local Industrial Strategy is launched to drive growth and create opportunities across the region - the first in the country

Coventry will be home to a new national centre of excellence in developing the latest electric car battery technology, backed by millions of pounds in Government investment.

Business Secretary Greg Clark will today announce a new £28 million investment in the UK Battery Industrialisation Centre, providing a stepping stone for our ambition for a Gigafactory in the UK – a large-scale battery technology factory for electric vehicles.

The investment, through our modern Industrial Strategy’s Challenge Fund, comes on top of £80 million initial investment in the centre, which will provide world-leading testing facilities for new battery technologies. This investment will also provide practical training to upskill people in battery manufacturing.

The Business Secretary will make the announcement on a tour of the UKBIC site to mark new funding alongside Mayor of the West Midlands Andy Street, as they also unveil the new Local Industrial Strategy for the West Midlands – the first in the country.

The Local Industrial Strategy sets out a long-term vision for the region to increase productivity – including how the West Midlands can harness the next developments in automotive technologies, such as electric vehicles and driverless cars.

Business Minister Andrew Stephenson said:

Putting the UK at the forefront of the design and manufacturing of zero emission vehicles is at the heart of our plans – creating jobs, growth and opportunity across the country.

Driven by the potential of fast-paced development of battery technology, this investment puts the UK – amongst a handful of countries around the world – on the next step to meet the challenge by the future of mobility.

Our investment of £28 million in this new facility will support the UK’s world-leading automotive industry to compete internationally, attract further investment and establish supply chains for new electric vehicle battery design and development.

Mayor of the West Midlands Andy Street, said:

For Coventry to boast the UK’s Battery Industrialisation Centre is a major coup for the city and the wider West Midlands.

This £108 million facility will give the city and the region a huge boost in the race to lead the world in the production of electric vehicles, which is an increasingly important market as we look to tackle air pollution and climate change.

The Local Industrial Strategy being launched today also highlights advanced manufacturing, medical research and the creative and digital industries as distinct strengths of the West Midlands. The Strategy will build on these strengths and other opportunities so we have a strong and resilient economic future that can benefit all communities across the whole region.

Jeff Pratt, Managing Director of UK Battery Industrialisation Centre, said:

It is fantastic to see construction starting on UKBIC and we are looking forward to working with all our partners on this project which will have huge significance on the next generation of battery systems.

Tony Harper, Faraday Battery Challenge Director at UK Research and Innovation, said:

This new world-class facility will allow the UK to rigorously prepare our home-grown battery technologies for global competitiveness. This additional investment will mean its ambitious facilities will be expanded and improved to meet the soaring demand of the electric vehicle global market.

Jonathan Browning, chair of the CWLEP, said:

This is an exciting step in creating the UKBIC which will have a vital role in helping the UK to become a global leader in the design, development and manufacture of batteries through collaborative research and development between industry and academia.

Coventry and Warwickshire is renowned for our innovation and expertise and this is an important milestone in establishing a new centre which will influence this sector throughout the world.

Coventry City Councillor Jim O’Boyle cabinet member for jobs and regeneration, and a director of the CWLEP, said:

The petrol engine changed the world in a way people would not have thought possible. And now the march of electric vehicles is about to do the same again and I’m delighted that Coventry is once again leading the way.

The construction of the UK Battery Industrialisation Centre puts Coventry and the wider area at the heart of this new technology which will transform the way we travel, create skilled jobs for local people and help to protect the environment.

West Midlands Local Industrial Strategy launched

The West Midlands is a region currently going through a renaissance. Designed in the West Midlands in collaboration with government , the West Midlands Local Industrial Strategy builds on the region’s core strengths, sectors at the heart of the region like automotive and advanced manufacturing and life sciences, and aims to create new opportunities for people and businesses.

Together, government and UK Research and Innovation, have provided extensive support to businesses and groups in the West Midlands, including investing over £1 billion in the region since 2016.

Productivity in the West Midlands grew at twice the rate of the UK average in 2018 and this new strategy sets out how leaders from across the West Midlands will work in partnership with Government to:

  • deliver on our Future of Mobility Grand Challenge, which aims to be at the forefront of the development of cleaner, safer, easier and more reliable future modes of transport, cementing the West Midlands’ position as the UK’s automotive heartlands;
  • play a leading role in the UK’s trials of connected autonomous vehicles, with the West Midlands aiming to deploy the first fully operational connected autonomous vehicles in advance of the 2022 Commonwealth Games;
  • drive investment into electric vehicle manufacturing in the region, completing the UK Battery Industrialisation Centre and maximising the impact of the Faraday Battery Challenge;
  • put the West Midlands at the heart of transport innovation in the UK by delivering the UK’s first large-scale 5G testbed;
  • help meet the Artificial Intelligence and Data Grand Challenge by supporting the development of a West Midlands Translational Medicine and Med-Tech commission to accelerate the ‘lab to patient’ ecosystem; and Grow the strong creative and digital industries and business and professional services sector.

The West Midlands is the fastest growing UK region for goods exports and this Local Industrial Strategy will help accelerate the economic growth in the area. The Government’s national Industrial Strategy is further supporting economic growth and boosting local businesses through investments including:

  • £20m for the West Midlands towards it becoming the UK’s first Future Mobility Zone, covering Birmingham, Solihull and Coventry - introducing new technologies to encourage more seamless and efficient journeys;
  • Up to £50m to put the region at the forefront of 5G developments as the innovative new home to the UK’s first multi-city 5G testbed. This trial of new high-speed connectivity will pave the way for a rollout across the country;
  • £332m from the government’s Transforming Cities Fund which is working to extend the city-region’s metro system, with an initial focus on extending the system to connect cities with the towns between Wednesbury and Brierley Hill in the Black Country; *A Skills Deal with the government that could unlock up to £69m to help equip people in the region with the right skills for the jobs and industries of the future; and
  • The most funding for any UK region from the government’s flagship fund for research and development, the Industrial Strategy Challenge Fund, which has so far invested £286m into projects in the region.

This is the first Local Industrial Strategy in the country – Greg Clark will be showcasing this ambitious plan alongside Mayor of the West Midlands Andy Street and other local leaders from across England at our first-ever Industrial Strategy Conference, at London’s Mansion House. Those attending will include representatives from the 38 Local Enterprise Partnerships, and young entrepreneurs from each of these areas.

The Strategy also comes as the Government holds the next round of bidding for its flagship Strength in Places Fund, a £236 million fund bringing together research organisations, businesses and local authorities to develop pioneering ideas that will deliver local economic growth and create high-value jobs.

Notes to editors

UKBIC

  • UKBIC is one of three strands of the Faraday Battery Challenge, part of the government’s Industrial Strategy Challenge Fund programme to develop cost-effective, high-performance, durable, safe, low-weight and recyclable batteries. The other strands are Innovate UK’s collaborate R and D and the Faraday Institution.
  • UKBIC was established after a national competition run by the Advanced Propulsion Centre (APC) and supported by Innovate UK, which was won through a joint bid by Warwick Manufacturing Group (WMG), at the University of Warwick, Coventry and Warwickshire Local Enterprise Partnership and Coventry City Council.

JCB electric digger

  • The battery packs inside JCB’s first electric digger, the 19C-1E, are designed and manufactured by Hyperdrive Innovation. The High Energy Density Battery Project, in partnership with Nissan and funded by the Advanced Propulsion Centre, enabled the latest battery technology to be brought to market.