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TotalEnergies SE ( (FR:TTE) ) just unveiled an update.
TotalEnergies has partnered with Air Liquide to advance its decarbonization efforts in Europe by producing 45,000 tons of green hydrogen annually, primarily using renewable energy from the OranjeWind offshore wind farm. This initiative will significantly cut CO2 emissions by 450,000 tons per year from its refineries in Belgium and the Netherlands, aligning with European renewable energy targets. The collaboration involves developing two electrolyzers for green hydrogen production, representing a joint investment of around €600 million. These projects showcase TotalEnergies’ strategy to decarbonize its operations and strengthen its position in the renewable energy sector.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets a variety of energies, including oil, biofuels, natural gas, green gases, renewables, and electricity. With over 100,000 employees, the company operates in approximately 120 countries, emphasizing sustainability and reliability in its energy solutions.
YTD Price Performance: 12.37%
Average Trading Volume: 2,535,889
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €126.8B
Learn more about TTE stock on TipRanks’ Stock Analysis page.
