GE and ENGIE strengthen their partnership in digital technologies
Jul 29, 2016
GE and ENGIE have signed a memorandum of understanding to improve the performance of ENGIE’s electricity generation activities and pledge cooperation in managing ENGIE’s energy assets, as well as its activities’ performance.
Through the new GE Digital Foundry in Paris and ENGIE Digital Factory, GE and ENGIE commit to cooperate on projects to develop a digital and innovation culture.
GE and ENGIE signed a memorandum of understanding to conduct innovative initiatives and jointly review digital solutions, in particular to optimize the performance of the electricity generation assets of ENGIE, one of the largest technology operators developed by GE in the world.
This partnership features collaboration between the world’s largest digital industrial group and a global energy player committed to be the leader in energy transition worldwide. GE has well-rounded experience in Internet industrial solutions and energy management software. The ENGIE Group brings its unique know-how in energy engineering, electricity generation and distribution, as well as in renewable energies and energy storage technologies.
For ENGIE, this agreement will facilitate, among others:
- Improvements in the performance and reliability of electricity production assets and electricity grid management;
- Collaboration in digital transformation (Leadership programs, Design thinking, Fast works, etc.);
- Cooperation between ENGIE Digital Factory teams and those of the GE Digital Foundry; and
- Participation in GE’s electricity digitalization network.
At the MOU signing, Judith Hartmann, Executive Vice-President of ENGIE, declared:
“With this partnership, we are continuing the Group’s digital transformation. Thanks to GE’s expertise in the field we will be able to accelerate the ramp-up of our Digital Factory and improve the management of our energy assets, thereby enhancing operational performance.”
“This partnership constitutes a key step for the energy industry in the digital era,” emphasized Mark Hutchinson, Chairman and CEO of GE Europe. “Combining our expertise with ENGIE enables us to explore new digital solutions in very different areas and create value.”
ENGIE 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 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 154,950 people worldwide and achieved revenues of €69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).