TotalEnergies SE and fellow French firm EDF Group have signed a 12-year deal underneath which the utility will ship nuclear electrical energy to TotalEnergies’s home refining and chemical websites.
“EDF will allocate to TotalEnergies a share of the output of its working nuclear fleet. This allocation will allow TotalEnergies to cowl round 60 % of the electrical energy wants of its refining and chemical substances websites in France, estimated at 400 MW [megawatts]”, a joint assertion mentioned.
“This contract will enable TotalEnergies to learn from the competitiveness of nuclear energy era, whereas enabling EDF to share the dangers and prices related to the variability of this manufacturing”.
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The availability “will allow our electricity-intensive industrial websites in France to safe, over the long run, a big share of their electrical energy provide with aggressive low-carbon energy”, mentioned TotalEnergies chair and CEO Patrick Pouyanné.
TotalEnergies goals to run one hundred pc of its refining and chemical substances operations in Europe and america on “low-carbon electrical energy”. It targets to chop Scope 2 emissions from its refining and chemical substances section by over 2 MtCO2e a yr in comparison with 2015.
“On this respect, as much as 5.2 TWh/yr can be provided to the Refining & Chemical substances industrial belongings in Europe”, TotalEnergies mentioned in its “Sustainability and Local weather – 2026 Progress Report” printed Thursday. “This electrical energy will come partly from the European renewables portfolio, of which 1.8 TWh/yr is in operation and three.4 TWh/yr is underneath growth, in addition to from the Firm’s portfolio of ensures of origin.
“In america, round 1.2 TWh/yr can be provided to the Refining & Chemical substances belongings from the renewables portfolio in Texas. The Danish and Myrtle belongings, that are already in service, will provide round 1 TWh/yr.
“The complement can be supplied from the corporate’s portfolio of renewable tasks in america beginning in 2026”.
TotalEnergies additionally produces energy as a enterprise. At yearend 2025, TotalEnergies had a gross put in era capability of 34 gigawatts (GW) from renewable sources, towards a purpose of 80 GW by 2030.
“The corporate plans to extend its annual electrical energy manufacturing to 100-120 TWh (primarily from renewable sources) by 2030 by allocating a big funding effort to low-carbon energies, primarily within the Built-in Energy section of $3-4 billion per yr for the interval 2026-2030, together with roughly $1 billion per yr on common over 5 years in shares as a part of the transaction with EPH”, the report mentioned.
“In 2025, the generated money movement of this section was $2.6 billion and is predicted to exceed $3 billion in 2026, the Built-in Energy section turning into web money movement constructive from 2027.
“Moreover, TotalEnergies additionally invests in a focused method in low-carbon molecules (biofuels, SAF and biogas, in addition to hydrogen and its derivatives: e-fuels) as a part of an ‘fairness mild’ enterprise mannequin with companions”.
To contact the writer, e-mail jov.onsat@rigzone.com
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