A EUR500 billion Market for Local Decarbonizing Energy

The energy landscape of the world is undergoing a significant transformation. Unsustainable wastage and loss of energy, as well as the disregard for untapped energy sources, are no longer sustainable practices. To address the challenges of decarbonization and achieving self-sufficiency, the emergence of Local Decarbonizing Energy has become a crucial component. This market is projected to worth EUR500 billion and is expected to expand further in the coming years.

Veolia: A Major Player in Local Decarbonizing Energy

Veolia is uniquely positioned to become a major player in the local decarbonization energy sector. With the potential to tap into over 400 GW of unused local energy reserves, Veolia stands out among its competitors. These untapped reserves include bioenergy, waste heat, and cooling, efficiency gains, expansion in district heating networks, as well as energy efficiency in buildings and industries.

Unlocking a Local, Affordable Resource

The untapped local energy supply represents an affordable resource that does not require the extraction of new resources. In fact, this supply alone has the potential to cover the consumption of a country with a population of over 50 million. Additionally, it can significantly reduce the EU's dependence on imported fossil fuels (gas and coal) by 30%.

Veolia: A Long-Term Energy Player

With its extensive experience in water and waste management, advanced expertise in energy management, digital optimization capabilities, and broad geographical footprint, Veolia has established a unique position in the energy sector. Already having over EUR10 billion of its business linked to energy, Veolia has set ambitious targets to further develop its portfolio and drive the sector forward. As part of its growth-oriented investment efforts, Veolia aims to invest a total amount of EUR4 billion in the best value-creating projects between now and 2030.

Veolia is ready to embrace the opportunities and contribute to the future of sustainable energy.

Veolia: Leading the Way in Ecological Transformation

Veolia, the global leader in ecological transformation, is taking bold steps towards a sustainable future. Estelle Brachlianoff, the CEO of Veolia, emphasizes the urgent need to eliminate energy waste and foster local decarbonizing solutions. With an untapped potential of 400 GW, which could replace fossil fuel imports, Brachlianoff calls for the accelerated development and implementation of crucial energy solutions. Veolia is ready to meet ambitious targets and expand its portfolio, but regulatory support is crucial to unlock its full potential. Together, we have the power to surpass the goals set at COP 28 and take global action on a local scale.

Ambitious 2030 Goals

To address the increasing demand from customers, Veolia has set ambitious goals for 2030 in four main areas:

1. Bioenergy & Renewables: Veolia aims to increase its bioenergy and renewables capacity by 50% to 8 GW. This commitment will contribute significantly to sustainable energy production.
2. Flexibility & Ancillary Services: With a target of expanding flexible capacity by 50% to 3 GW, Veolia demonstrates its commitment to providing reliable energy solutions that adapt to changing needs.
3. District Heating & Cooling Networks: Becoming a leader in heating networks in Europe, Veolia plans to establish numerous networks that promote energy efficiency and reduce carbon emissions. Simultaneously, Veolia is dedicated to phasing out coal in Europe entirely.
4. Energy Efficiency Services to Buildings & Industries: Veolia aims to lead in energy efficiency services, providing effective solutions to buildings and industries throughout Europe and the Middle East. Their goal is to make significant progress in reducing energy consumption.

The Veolia Advantage

Veolia's global presence on five continents, along with its workforce of nearly 213,000 employees, enables the company to design and implement practical solutions for managing water, waste, and energy. By adopting a comprehensive approach, Veolia supports the development, preservation, and renewal of vital resources. In 2022 alone, Veolia provided drinking water to 111 million people worldwide, ensured sanitation services for 97 million, generated 44 million megawatt hours of power, and recovered 61 million tonnes of waste. With consolidated revenue of 42.885 billion euros in 2022, Veolia Environnement (Paris Euronext: VIE) is committed to leading the way in ecological transformation.

For more information, visit: www.veolia.com