French utility Engie plans to switch all of its gas operations to biogas and renewable hydrogen by 2050
By Geert De Clercq, Reuters.
PARIS - French utility Engie plans to switch all of its gas operations to biogas and renewable hydrogen by 2050, making it 100 percent green, its chief executive said on Monday.
The power and gas group has some 70 biogas projects worldwide, including 40 in France, and says that if all its projects get approval its annual investment in biogas could soar tenfold to hundreds of millions of euros per year.
Engie, which has sold its fossil gas activities as part of a broader restructuring, is also looking to invest in industrial-scale hydrogen production by electrolyze water in places where solar energy is cheap.