Episode
234. Engie, the remarkable turn around (live from Eurelectric Power Summit) - Jun26
- Podcast
- Redefining Energy
- Published
- Jun 22, 2026
- Duration seconds
- 1647
- Processing state
not_requested- Canonical source
- http://www.redefining-energy.com
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Summary
At the Eurelectric Power Summit 2026 in Helsinki, Laurent had the opportunity to sit down with Catherine MacGregor, CEO of ENGIE and Vice President of Eurelectric, for a wide-ranging discussion on the key issues shaping Europe's energy future. We began with the themes at the heart of Eurelectric’s agenda this year: security of supply, affordability, competitiveness, and the challenges and opportunities created by the rapid growth of data centres. One of the most striking insights from our conversation was that Europe does not have an electrification technology problem — it has an electrification coordination problem. This was also the central conclusion of the report Power Couples: Enhancing Industrial Competitiveness through Electrification , launched by Eurelectric and Accenture at Power Summit 2026. The report finds that electrification projects rarely fail because technology is unavailable. Instead, they stall when power economics, grid access, infrastructure delivery, financing structures, and industrial investment timelines are not aligned. The proposed solution is a new delivery model: “Power Couples”, bringing together industrial players, utilities, technology providers and capital partners to accelerate deployment at scale. We also reflected on ENGIE’s remarkable transformation under Catherine’s leadership over the past five and a half years. The company’s strategy has been defined by two parallel moves: more than €15 billion of divestments from fossil and legacy assets, alongside concentrated investments in renewables, networks, batteries, and regulated infrastructure — all while maintaining strong financial discipline, with net debt-to-EBITDA around 3. The results have been impressive. Since 2021, ENGIE has delivered the strongest risk-adjusted equity perfor…