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French ENGIE named Energy Company of the Year in S&P Global Platts Global Energy Awards

Drill site at Muara Laboh project, West Java/ Indonesia (source: ENGIE)
Alexander Richter 12 Dec 2017

French energy firm ENGIE has won the Energy Company of the Year award in the recently held S&P Global Platts Global Energy Awards in New York. The company is driving own geothermal development in Indonesia and France through its subsidiary Storengy.

In release before the weekend, it was announced that energy companies from 10 countries spanning four continents tonight received honors for leadership, innovation and exemplary performance at the 19th annual S&P Global Platts Global Energy Awards, often described as the “Oscars” of energy.

The program bestowed 20 awards upon companies and individuals before an audience of nearly 400 energy and finance executives at a black-tie ceremony at Cipriani Wall Street in lower Manhattan. For a second year, the event was emceed by CNBC Television Energy Correspondent Jackie DeAngelis.

In its selection of France-based ENGIE (formerly GDF Suez) for “Energy Company of the Year,” the independent judges panel lauded its all-around distinction in the execution of a total energy strategy, where energy is “decarbonized, digitalized and decentralized,” and reflected in its performance in the “Industry Leadership-Midstream” and “Rising Star-Individual” Awards categories.

It was Gwenaëlle Huet, CEO of the ENGIE France Renewable unit responsible for hydro, wind, geothermal, solar and marine energy projects, who stood apart from peers in the judges’ eyes, winning her the “Rising Star-Individual Award”. Judges pointed to her “impressive” proven track record of strategic leadership and oversight of seven subsidiaries at a time when ENGIE was reorganizing into 24 business units.

“We congratulate ENGIE for its rare triple win and leadership,” said Martin Fraenkel, president of S&P Global Platts. “The company impressed judges for its astute ability to read and interpret changes in energy markets and utilize technology to provide customer-centric solutions.”

ENGIE through its subsidiary Storengy works on geothermal development in Indonesia and France.

Source: S&P Global Platts Global Energy Awards release via Marketwatch