NuGen shareholder changes its name

nugen_logo 200NuGen shareholder GDF SUEZ has re-branded to become ENGIE.

The move was announced last week by Chairman and CEO Gerard Mestrallet. The new name has been incorporated in to NuGen publications and website, and the materials supporting the company’s forthcoming public consultation.

Announcing the re-brand, Gerard Mestrallet said the change reflected a global energy transition, characterised by a move towards low-carbon energies.

He said: “That’s why GDF SUEZ is now ENGIE. The world of energy is undergoing profound change. The energy transition has become a global movement, characterised by decarbonisation and the development of renewable energy sources, and by reduced consumption thanks to energy efficiency and the digital revolution. Today, the need is to mobilise all energies, to innovate, gather, and marshal every idea.”

ENGIE is the world’s largest independent power producer and an experienced nuclear operator. ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources.

NuGen’s change of shareholding, in June of 2014, saw Toshiba and ENGIE (formerly GDF SUEZ) take forward ownership of the company, aiming to deliver up to 3.4 MW of low-carbon new nuclear power as part of NuGen’s Moorside project.

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