Who we are
Nearly 135 years of energy expertise at the service of local authorities, businesses and private individuals
As an energy infrastructure and services operator, SMEG has been responsible for the distribution and supply of electricity and gas, and for the operation and maintenance of public lighting in the Principalitý of Monaco.
For over 40 years, SMEG has been designing, building and operating urban heating and cooling plants using local, renewable and recovered energies: energy recovery from household waste and marine geothermal energy. SMEG puts its expertise and know-how as an energy company to work for the energy transition, offering its customers turnkey solutions that are financed and tailored to individual needs and uses.
Operating in Monaco and France, SMEG has diversified its activities to include renewable energy, vehicle charging and digital energy efficiency solutions.
SMEG and its subsidiary SMA employ over 450 people. It is ISO 9001, ISO 14001 and ISO 45001 certified.
Board of directors
Shareholding structure
- The main shareholder, with 64% of the capital, is ENGIE through its Energy Services division. ENGIE is one of the world's leading energy companies, active across the entire energy chain, in electricity and natural gas, from upstream to downstream.
SMEG, today's Network Division, with the contribution of its subsidiary and its shareholdings, contributes to these good performances and constitutes, in a limited geographical area, a real showcase for the Group's businesses. - The Monegasque State owns 20% of SMEG's capital. It grants SMEG a concession for its activities and monitors its implementation. Under the leadership of H.S.H. Prince Albert II, the Government of Monaco is firmly committed to Sustainable Development. This is also one of the main thrusts of the new concession that came into force in 2009.
- The EDEV holding company, in which EDF holds a 15% stake, is at the heart of the Development branch created in 2002 by EDF, and its purpose is to stimulate the creation of new commercial products and services in order to foreshadow the Group of tomorrow.