"The ENGIE Group is undertaking a major transformation and has the ambition to become the market leader in energy transition. The strategy of ENGIE Electrabel as an energy leader in Belgium is fully in line with this as we look to actively implement it for our 2.8 million customers," said Philippe Van Troeye, CEO of ENGIE Benelux. "Our partnership with Sungevity enables us to provide current and future customers with a turnkey solar solution. Our search for the right partner was extensive and we found Sungevity's technology platform, customer service approach and brand to be the right fit for ENGIE Electrabel."
Sungevity, Inc. is a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy customers. Sungevity's asset-light business model focuses on value-added in-house services for software platform development, project management and customer experience; this focus is enabled by a strong, scalable network of third-party providers for asset-intensive and/or lower margin provision of hardware, installation services and financing. Sungevity's disruptive and competitive model delivers greater value directly to customers and, for stockholders, captures immediate financial value at the time of sale.
ENGIE Electrabel is part of the ENGIE Group—a world leader in energy. The company is the market leader in Belgium and is active in energy production as well as sales and marketing of electricity, gas and energy services. The company offers its 2.8 million residential, professional and industrial customers innovative energy solutions with added value and tailor made services. ENGIE Electrabel manages a diversified portfolio of generation assets totaling 9000 MW close to its customers. The portfolio of assets includes renewables, fossil fuels and nuclear power installations. The emissions of greenhouse gases by its portfolio of generation assets is amongst the lowest in Europe. The company is the largest producer of green electricity in Belgium with renewable assets totaling 523 MW. ENGIE Electrabel employs 4,500 people and is one of the most important employers in Belgium. The company has been an integral part of society for over a century, and is deeply committed to social responsibility, with special focus on the underprivileged.
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SOURCE Sungevity, Inc.