Engie Seeing Strong Recovery After Covid Slump, CFO Says

The transcript discusses the company's 2020 results, the impact of COVID-19, and future plans including vaccine rollouts and green transitions. It highlights the focus on renewables and hydrogen as key priorities, with a significant presence in both Europe and the US. The Texas energy crisis is analyzed, emphasizing the need for better grid connectivity and market design improvements.

What was the company's performance in 2020 compared to 2019?

• It was significantly worse than 2019.

• It was almost back to 2019 levels.

• It was slightly better than 2019.

• It was the same as 2019.

How has the company adjusted to the ongoing COVID-19 challenges?

• By increasing prices.

• By adjusting processes and limiting impact.

• By halting all operations.

• By reducing its workforce.

What are the company's two main investment priorities?

• Fossil fuels and mining.

• Renewables and networks.

• Real estate and tourism.

• Automobiles and manufacturing.

By what year does the company expect hydrogen to be a significant part of the energy mix?

• 2050

• 2030

• 2040

• 2025

What was one of the main causes of the Texas energy crisis?

• Excessive energy consumption.

• Lack of connected grids.

• Overproduction of energy.

• Too many renewable energy sources.

What was the unexpected temperature change during the Texas crisis?

• From 15 to -10 degrees.

• From 20 to 5 degrees.

• From 0 to 10 degrees.

• From 10 to -5 degrees.

What is a key factor in managing future energy systems according to the company?

• Reducing renewable energy sources.

• Increasing fossil fuel usage.

• Knowledge to manage the system.

• Decreasing energy consumption.