GDF SUEZ Joins Broadscale Group to Accelerate Energy Innovations

Jul 22, 2014, 10:45 ET from GDF SUEZ

HOUSTON, July 22, 2014 /PRNewswire/ -- GDF SUEZ has become a Network Member of Broadscale Group, a new model of investment firm working with leading energy companies to commercialize promising innovations.  GDF SUEZ joins previously announced Network Members Duke Energy, General Electric, Johnson Controls, and National Grid.

As part of the Broadscale Network, GDF SUEZ will have access to unique investment and commercialization opportunities with growth stage companies. Broadscale's commercialization platform aligns the strategic interests of industry leaders and growth companies to overcome the challenges that have made it difficult for many energy innovations to succeed.

"We are very excited to welcome GDF SUEZ into our Network," said Andrew L. Shapiro, Broadscale's founder. "With a deep commitment to innovation and deep expertise across the power generation, natural gas and LNG, and energy services businesses, GDF SUEZ is a great fit."

GDF SUEZ Energy North America's President and CEO Zin Smati remarked, "Bold ideas, from the creation of the Suez Canal in the 1800s to increasing our renewable generation capacity by 50% by 2015, have been the backbone of GDF SUEZ's mission to produce sustainable sources of progress around the world. By collaborating with Broadscale, we hope to facilitate the launch of technologies that can help customers and the planet in profoundly new ways."

Founded in 2012, Broadscale Group accelerates innovation across the energy and resource industries in order to improve productivity and make cleaner solutions more cost effective. Broadscale is committed to combining the drive, creativity, and technical advances of the best entrepreneurs with the market knowledge and reach of established industry leaders.

About Broadscale Group
Broadscale Group (www.broadscale.com) is a new model of investment firm dedicated to scaling up breakthrough solutions for a changing world. Broadscale works with leading corporations to invest in and commercialize the most promising, market-ready solutions.

About GDF SUEZ
GDF SUEZ 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 optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities, and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy, and energy efficiency services. GDF SUEZ employs 147,200 people worldwide and achieved revenues of €81,3 billion in 2013. The Group is listed on the Paris, Brussels, and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20). For more information, please visit www.gdfsuezna.com and www.gdfsuez.com

Contacts:
Julie Vitek
713 636 1962 / julie.vitek@gdfsuezna.com  
Emilie Openchowski
212.710.3498 / eopenchowski@broadscale.com  

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SOURCE GDF SUEZ



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