The Shareholders' Newsletter #68 - Summer 2022

Latest news : Recent key events

LATEST NEWS

© PIERRE-OLIVIER - Capa - TotalEnergies

The USA

Renewables

In May this year, TotalEnergies announced the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th US renewable energy player. CEG is a developer of renewables projects and controls and owns 42% of economic interest of its listed subsidiary, Clearway Energy Inc. (CWEN). The acquisition brings TotalEnergies' renewable portfolio in the U.S. to more than 25 GW and contributes to the objective that the United States account for at least 25% of the Company's global target of 100 GW by 2030. It allows TotalEnergies to scale up in the U.S. market, one of the most dynamic in the world, benefiting from operating assets and a 25-GW high-quality pipeline, in wind, solar and storage, with a wide geographic coverage and a presence in 34 States. TotalEnergies has already grown its presence in renewable energies in the United States, thanks in particular to the acquisition of Core Solar LLC in April, and by strengthening its strategic alliance in March with Sempra in North America.

France

CO2Capture

Managed by a consortium including TotalEnergies, ArcelorMittal, Axens and IFP Energies Nouvelles, an industrial 3D CO2 capture pilot began on ArcelorMittal’s Dunkirk site in March. Supported by the European Union, the project aims to validate replicable technical solutions for CO2 capture. The “3D” project is a major step toward decarbonizing industries. It is being tested in steelmaking, but can also be applied to refining processes, contributing to TotalEnergies’ net zero ambition for 2050, together with society.

France

Sustainable Aviation Fuel

TotalEnergies’ Normandy platform successfully started production of Sustainable Aviation Fuel or SAF in March. This new site complements the biojet fuel production capacities of La Mède biorefinery and the Oudalle plant. This move enables TotalEnergies to meet demand from its customers and respond to French legislation, which calls for aircraft to use at least 1% SAF since January 1, 2022. TotalEnergies will also produce SAF at its Grandpuits zero-crude platform starting in 2024. All of the biojet fuel, which is destined for French airports, will be produced from waste and residue sourced notably from the circular economy.

© ZYLBERMAN Laurent - Graphix Images - TotalEnergies

The USA

Offshore wind

In February, TotalEnergies won a maritime lease to develop a 3-GW offshore wind farm on the east coast of the USA, off New York and New Jersey. The project is expected to come online by 2028. In May, TotalEnergies also won a maritime lease to develop a 1-GW offshore wind farm off North Carolina’s coast.

World

Methane Emissions Reduction:

TotalEnergies has launched a worldwide drone-based emissions detection and quantification campaign across all its upstream Oil & Gas operated sites. The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Center for Scientific Research (CNRS) and the University of Reims Champagne Ardenne. It is an important step toward achieving a reduction of 50% in methane emissions at Company operated sites by 2025 and of 80% by 2030, in relation to 2020.

Find all the press releases on
totalenergies.com under the heading Media.