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In Good Company with Nicolai Tangen

Engie CEO: Crisis Leadership, Green Transition, and Europe's Energy Future

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8186 Ratings

🗓️ 9 July 2025

⏱️ 59 minutes

🧾️ Download transcript

Summary

How does Europe navigate its biggest energy crisis in decades while accelerating the green transition? Catherine MacGregor, CEO of Engie, joins Nicolai Tangen to discuss leading one of Europe's energy giants through the Russian gas crisis just one year into her role. They explore Engie's €25 billion investment in renewables, the company's strategy of balancing 'molecules and electrons,' and why hydrogen development faces regulatory hurdles. Catherine also shares her journey from oil rigs in Congo to running 98,000 employees across 30 countries. With Engie targeting massive expansion of its renewable energy capacity by 2030, the company is accelerating its green transition strategy. Tune in for an insightful conversation!

 

In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday. 

 

The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Une Solheim.

 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hi everyone, I'm Nicola Tangen, the CEO of the Norwegian Soverealth Fund, and today I'm in Paris

0:06.0

and thrilled to be joined by Catherine McGregor, the CEO of Angie, one of Europe's energy giants.

0:13.2

Now, Catherine's journey is incredible, working on oil rigs in Congo to running one of France top companies.

0:22.7

Catherine took over NG just when

0:24.6

COVID struck and they then faced

0:26.6

Europe's biggest energy crisis

0:28.5

in decades when Russia turned off

0:30.7

the gas. So you have basically been

0:32.7

through a lot of interesting things. So great to have you here,

0:34.6

Catherine. Thank you very much, Nikolai.

0:36.9

Great to be here.

0:37.5

Thank you very much, Nikolai. Great to be here. What is Angie? NG is a very large energy player that is super committed to the energy transition.

0:57.0

It has a very long history by 150 years long, coming from gas de France, Suez, also a little bit of British staff with international power and also some Belgium DNA in the company.

1:14.8

But we are now really a very large utility.

1:18.6

We are present across the whole value chain of energy.

1:22.3

And if I'm to simplify energy, we are present in the production of electricity. We have customers at the end of the

1:32.5

spectrum. We have resident customers. We have industrial. We have city. And in the middle,

1:38.8

really important part is the infrastructure, which transport, store, distribute energy. So we are traditionally,

1:48.0

we are the infrastructure operator of gas in France, but we are also present in power.

1:54.1

And so 10 years from now, in rough terms, how will the company look different?

1:59.8

So we are going to be different in the sense that we will continue to electrify a company.

2:06.9

So you know, when I talked about the production profile of energy, we are producing about

...

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