GDF Suez has announced it has changed its name to ENGIE, using the slogan ‘As the world changes, all energies change with it’.
In a statement, the major energy firm said the world of energy is undergoing profound change. The energy transition has become a global movement, characterized by decarbonization and the development of renewable energy sources, and by reduced consumption thanks to energy efficiency and the digital revolution. Today, the need is to mobilize all energies, to innovate, gather, and marshal every idea, it said.
"The energy transition is more than ever a reality for which we have both great ambitions and a great responsibility," commented Gérard Mestrallet, Chairman and CEO of ENGIE. "To meet the new challenges of this reality and to accelerate our development, we have decided to give the Group a new name: ENGIE. It is an easy name and one that is powerful, a name that evokes energy for everyone and in all cultures, a name embodying our values and activities. We thus confirm our new ambition and the dynamics of change that drive our Group.
"This new name is an expression of our new corporate ambition…With a presence in 70 countries throughout the world and across every energy source, ENGIE aspires more than ever to be the benchmark energy player in fast growing markets and the energy transition leader in Europe."