ENGIE in Sale of Sustainable Resource Management Business to Arcadia

Cleary Gottlieb represented ENGIE S.A. (ENGIE) in the sale of ENGIE Impact, the utility expense and data management, energy procurement, and sustainability advising arm of ENGIE, to Arcadia Power Inc. (Arcadia).

ENGIE Impact simplifies multi-site and energy-intensive resource management while unlocking competitive advantage. The business manages energy, water, waste, telecom, and carbon, transforming data into actionable insights to reduce costs, build operational resilience and accelerate sustainability. The business serves over 1,000 clients worldwide, including 20% of the Fortune 500.

ENGIE is a French-headquartered global utility company listed on the Paris and Brussels stock exchanges, with a focus on renewables, gas and electricity transmission networks, energy solutions, and thermal and energy supply. ENGIE had a turnover of 71.9 billion euros in 2025 and has more than 90,000 employees globally.

Arcadia is the energy intelligence platform for businesses. It replaces fragmented tools and manual workflows with one platform to pay utility bills, buy energy, and advance sustainability. Trusted by Fortune 2000 companies, Arcadia combines unified data, AI-powered analytics, and expert advisory to help enterprise teams save money, mitigate risk, and cut carbon.

The Cleary team included partners Aaron Meyers and Kelsey Nussenfeld and associates Adrien Schmieder and Yardena (Dena) Katz, with assistance from associates Pierre Allegaert, Guillaume Graux, Edna Turay, and Lina Dayem. Partner Matthew Mao and associates Alex Patterson and Anouk Fleury advised on financing matters, with assistance from associate Elise Toscano. Partners Meyer Fedida and Swift Edgar and associate Xiaoyang (Sharon) Wang advised on tax matters, with assistance from associate Kelsey Barthold. Partner Marcela Robledo and associates Jaehwan Park and Lara Castellino advised on intellectual property and data privacy matters, with assistance from associate Francesca Huth. Partner Alan Levine and associates Ariel Adler and Maisha Kamal advised on employment and executive compensation matters, with assistance from associate Makesi Buddy. Partner Beau Sterling and associates Madison Bush and Anne Kettler advised on environmental, health, and safety matters. Partners Michael Sanders and Derek Bush and counsel Brian Morris advised on money transfer regulation matters. Partners Kenneth Reinker and Alan Freedman and associate Andrew Schaengold advised on antitrust matters. Partner Chase Kaniecki and associate B.J. Altvater advised on CFIUS matters. Counsel Melissa Reid and associate Ashley Moss advised on UK employment and executive compensation matters. Partner Daniel Tierney and associate Yasmin Frischemeier advised on UK corporate matters. Associate Peter North advised on UK tax matters. The ClearyX team included William (Jody) Campbell, Thomas Field, Deborah Adesomoju, and Egi Troka.