OREANDA-NEWS. April 14, 2016. Five years after its launch, the ENGIE Rassembleurs dEnergies investment fund has gone from an initial endowment of 10 million to its current level of 50 million. In this way, ENGIE is reaffirming its commitment to energy access and reducing energy poverty for disadvantaged communities, and the high priority given to the Rassembleurs dEnergies initiative within the Group. 

Since 2011, ENGIE has invested, through ENGIE Rassembleurs dEnergies, in 16 innovative young companies. Those firms are rolling out a broad range of technologies best-suited to their local surroundings, and reconciling positive environmental and social impacts with economic efficiency. The solutions developed across four continents and roughly 15 countries include a variety of technologies, ranging from energy efficiency in social housing in Europe, to personal solar systems using Pay as You Go [1] technology in Africa, India, and Latin America. Thats not forgetting renewable power microgrids, biogas and biomass solutions, and more energy-efficient stoves. By the end of 2015, these solutions had helped to bring electricity to close to a million people. Today, the ENGIE Rassembleurs dEnergies fund has grown into a leading world player in impact investing, dedicated to promoting sustainable access to energy for underprivileged populations.

Beyond the financial investment, the Group assists these entrepreneurs and supports them in their long-term growth, in particular through skill-based sponsorship, providing them with technical, managerial, and financial expertise from its teams.

At the time of increasing the size of the fund, Gérard Mestrallet, Chairman and CEO of ENGIE, declared: We are very satisfied and proud with regard to the actions undertaken by ENGIE Rassembleurs dEnergies to offer sustainable energy access to those most in need of it. These partnerships with innovative and committed entrepreneurs, working at the heart of the affected areas, form part of the Groups social and environmental ambitions.

ENGIE employees, too, can invest in an employees mutual fund that goes toward the Rassembleurs dEnergies solidarity investment fund. To date, close to 10,000 employees have made a contribution.

[1] Cellphone-based system-management and payment solution.