(This post is part of a series about Second Nature Corporate Partners and what we do together)
Creative partnerships allow Second Nature to introduce and disseminate solutions to the Network widely and effectively. To support and advance the work of the institutions in the Climate Leadership Network, Second Nature works with organizations and firms at the leading edge of solutions. We base our corporate partnerships on transparency and mutual benefit, with the best interests of our community in mind to ensure our partnerships are transformational and successful, not merely transactional.
Name of Company: ENGIE
Company Description and Sustainability Profile:
ENGIE is a French-based multinational that provides power and other services to campuses and companies.
ENGIE’s engagement with Second Nature and the Climate Leadership Network is helping institutional decision makers learn about renewable energy based electricity supply. As an example, in April 2017 ENGIE and Axium signed a 50-year concession agreement with The Ohio State University to operate, maintain, and invest capital in the energy assets which serve the 490 buildings on the 2,000 acre site. The contract includes a $1.015 billion upfront payment which OSU can invest in academic mission, There are 13 defined performance requirements to streamline operations in 8 categories across the four utility systems. These include uptime commitments, high system reliability of 99.95% to 99.996%, and equipment efficiency as well as supply procurement consulting to help mitigate market price risks. The outcome will be high reliability for an energy program, fixed operational and capital expenses for utility system management, improved market insight, and committed energy intensity reduction per square foot by 25% in 10 years.