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ENGIE (known as GDF Suez prior to April 2015) is a French multinational electric utility company, headquartered in La Défense, Courbevoie, which operates in the fields of electricity generation and distribution, natural gas, nuclear and renewable energy. The company is a component of the Euro Stoxx 50 stock market index.
ENGIE is a pioneer in nuclear energy in Europe with the development of the first pressurised water reactor built in Belgium. It is one of the few players in the sector to develop expert skills in both upstream (engineering, purchasing, operation, maintenance) and downstream (waste management, dismantling) activities. As a nuclear operator, ENGIE owns and operates seven reactors in Belgium through Electrabel, owns stakes in the Chooz and Tricastin plants in France (1,208 MW – the equivalent of one nuclear reactor) and has drawing rights in Germany.
The company, formed on 22 July 2008 by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. Since the merger in 2008, the French state holds approximately a third of the company. It adopted the “Engie” name in April 2015 in order to emphasize the changing nature of its energy business and de-emphasize its historical role as a nationalized gas monopoly.