FOR: ENGIE NORTH AMERICA INC.
AND AXIUM INFRASTRUCTURE US INC.
Date issue: April 07, 2017
Time in: 4:59 PM e
Attention:
HOUSTON, TEXAS and NEW YORK, NEW YORK and MONTREAL, QUEBEC–(Marketwired –
April 7, 2017) – ENGIE North America Inc. and Axium Infrastructure US have won
a 50-year concession valued at $1.165 billion USD to address The Ohio State
University’s energy sustainability goals for its 485-building campus in
Columbus, Ohio, one of the largest university campuses in the United States.
Following detailed reviews by groups composed of students, faculty, and staff
who identified the ENGIE-Axium proposal as the top bid, the university’s Board
of Trustees approved the contract award on April 7, culminating a more than
two-year-long process in which 40 interested parties initially participated.
Having worked as business partners in Canada for the past five years managing a
portfolio of large-scale wind and solar installations totaling 680 MW, ENGIE
and Axium are long-term operators and investors. Founded in 1870, Ohio State
enrolls nearly 60,000 students on its Columbus campus, and welcomes
approximately 100,000 people every weekday during the academic year.
“We’re excited for the opportunity to deploy our experience in energy
efficiency, production, procurement, and commodity risk management to support
Ohio State in its quest to become an international leader in sustainability
while providing new resources to enhance its academic mission,” said Frank
Demaille, CEO of ENGIE North America. “With innovation, performance, and safety
underpinning all of our endeavors, we are eager to work with the Ohio State
utility team and with faculty, staff, and students on new energy research and
technology commercialization through a state-of-the-art Energy Advancement and
Innovation Center that we will build.”
“Axium is thrilled to join forces with ENGIE to deliver world class energy
services to Ohio State, and to advance the visionary sustainability objectives
put forward by the Ohio State community,” said Thierry Vandal, President of
Axium Infrastructure US.
Signature elements of the Comprehensive Energy Management Project include:
/T/
— Operation and optimization of the university’s utility system, including
Energy Conservation Management Services leveraging the existing system
and development of future capital improvement projects to improve the
university’s energy efficiency by 25% within 10 years.
— Construction of a new Energy Advancement and Innovation Center for
energy research and commercialization. The Center would create a living
laboratory where faculty, students, alumni, entrepreneurs, industry
experts, and ENGIE researchers can collaborate on next-generation
technologies and services in areas such as smart energy systems,
renewable energy, and green mobility. The Center will be ENGIE’s first
research facility in North America, with connectivity across ENGIE’s
worldwide research and industry network.
/T/
“This partnership positions us as an international leader in energy and
sustainability and further strengthens Ohio State as a national flagship public
research university,” said Ohio State President Michael V. Drake.
“We are entering a relationship with Ohio State that will span generations,”
Demaille concluded. “ENGIE and Axium look forward to uniting our ambitions with
the university and surrounding community to build a cleaner, more efficient,
and more innovative energy future in the years to come.”
About ENGIE and Axium
ENGIE manages a range of energy businesses in the United States and Canada,
including electricity generation and cogeneration, natural gas and liquefied
natural gas (LNG) distribution and sales, retail energy sales, and
comprehensive services to help customers run their facilities more efficiently
and optimize energy use and expense. Nearly 100 percent of the company’s power
generation portfolio produces no carbon emissions or very few. Globally, the
company is present in 70 countries and employs 153,090 people, including 1,000
researchers in 11 R&D centers. For more information, please visit
www.engie-na.com, @ENGIENorthAm, and www.engie.com.
Axium is a long-term, buy-and-hold infrastructure investment firm with over
$1.5 billion in assets under management, as well as approximately $1 billion in
managed co-investments. Axium currently holds a diversified portfolio of power
and energy, transportation, and social infrastructure assets, including
substantial investments in renewable energy to date, with interests in over 2.5
GW of wind, solar and hydroelectric power generation across North America.
– END RELEASE – 07/04/2017
For further information:
ENGIE Press contacts
Julie Vitek
Julie.vitek@na.engie.com
713 636 1962
Twitter : @ENGIEgroup
OR
Marie-Claude Cabana
marie-claude.cabana@engie.com
514 876-8748
OR
Axium Press contact
Anne-Sophie Roy
asroy@axiuminfra.com
514 954 3781
COMPANY:
FOR: ENGIE NORTH AMERICA INC.
AND AXIUM INFRASTRUCTURE US INC.
INDUSTRY: Energy and Utilities – Alternative Energy
RELEASE ID: 20170407CC0036
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