Market Overview

ENGIE North America Acquires Donnelly Mechanical Corp.

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ENGIE North America Inc. today announced it has acquired Donnelly
Mechanical Corporation, a leading mechanical, Heating, Ventilation, and
Air Conditioning (HVAC), and energy services contractor headquartered in
New York City. The company was founded in 1989 and has more than 200
employees serving customers in a range of industries from healthcare, to
data centers, to commercial real estate.

Following two other recent acquisitions of prominent mechanical and
electrical service providers in the U.S. – a portfolio of six mechanical
service companies from the Talen Energy Group in addition to the Unity
International Group – the Donnelly Mechanical acquisition continues to
strengthen ENGIE's capacity to deliver best-in-class mechanical service,
maintenance, construction, commissioning, and energy solutions in North
America.

ENGIE,
the number one provider of energy services in the world, is focused on
continued growth across North America, uniting leading-edge mechanical
and electrical contracting solutions with its existing portfolio of
energy supply, energy optimization, and building modernization offerings
to commercial, industrial, and public-sector customers.

"ENGIE North America has taken a strategic approach to integrating
outstanding mechanical and electrical companies into our comprehensive
energy service model. Donnelly has worked with more than 2,000 customers
as a highly reputable, reliable mechanical/HVAC services provider
serving numerous sectors across New York City," said John Mahoney,
President and CEO of ENGIE's Services businesses in North America.
"We're excited to welcome Donnelly and its employees into the ENGIE
North America family of companies to continue to strengthen our range of
services for customers across the U.S. and Canada."

Under original company founder and long-time CEO Dan Donnelly, the
Donnelly group has been focused on finding a long-term home where the
next chapter of the company will be supported and poised for growth both
regionally and at a national level. Following the acquisition,
newly-appointed Donnelly CEO Joseph DiPrisco, former Chief Financial
Officer, shared excitement over the opportunity to build on Donnelly's
legacy of achievement as a new part of ENGIE.

"Donnelly is ready to grow our regional successes within the
interconnected network of other successful ENGIE teams to deliver
additional components to our typical scope of work – creating a
seamless, sustainable energy services model for our valued customers,"
said DiPrisco. "The resources that ENGIE can provide as we continue to
grow together make this transition a very exciting, positive opportunity
for Donnelly."

About ENGIE in North America Inc.

ENGIE North America manages a range of energy businesses in the United
States and Canada, including clean power generation and cogeneration,
retail energy sales, and comprehensive services to help customers run
their facilities more efficiently and optimize energy and other resource
use and expense. Nearly 100 percent of the company's power generation
portfolio is low carbon or renewable. Globally, ENGIE is the largest
independent power producer and energy efficiency services provider in
the world, with operations in 70 countries employing 150,000 people,
including 1,000 researchers in 11 R&D centers. For more information,
please visit www.engie-na.com,
@ENGIENorthAm, and www.engie.com.

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