ENGIE Surpasses One Gigawatt of Battery Storage Capacity in Europe
ENGIE announces the acquisition of two battery energy storage projects in Spain and the commencement of construction on its first such system in France. These initiatives signify an acceleration in the deployment of energy flexibility, positioned as a key element of the group's strategy.
ENGIE has acquired two Battery Energy Storage System (BESS) projects in Spain with a total capacity of 278 MW. The facilities, located in Andalusia at Álora (78 MW) and Tarifa (200 MW), will be equipped with synchronous compensators for network stabilization. Construction is set to begin in 2027 with a gradual commissioning planned for 2028. In France, the group has started constructing its first BESS project in Castelnau-d'Aude, featuring a capacity of 110 MW over 2 hectares. Scheduled for completion in the summer of 2027, this installation will be capable of storing and delivering up to two hours of electricity.
Achieving a Milestone in Europe
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
With these new projects and an existing 700 MW either operational or under construction, ENGIE now exceeds the 1 GW mark of BESS capacities across eight European countries: Spain, France, Germany, Belgium, Italy, Romania, the Netherlands, and the United Kingdom. The group reaffirms the critical role of flexibility in its strategy and emphasizes that these installations will enhance network stability and facilitate the integration of renewable energies around the clock.
SectorEnergie · Services aux collectivités · Électricité intégrée›Services multi-utilités
Context
Period
Period: 1T2026
Key reported figures
Revenue: 20,6Mds€
EBITDA: 4,7Mds€
Free cash flow: 3,0Mds€
35,2Mds€
Guidance from the release
ENGIE a réalisé un début d’année solide, marqué par une bonne performance financière.
Risks mentioned
Impact limité à date de la crise au Moyen-Orient sur nos activités.
Conditions difficiles dans la région du Moyen-Orient affectant nos actifs.
Opportunities identified
Finalisation de l’acquisition de UK Power Networks attendue.
Expansion dans les réseaux de transport électriques en Amérique latine.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
