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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.
TotalEnergies and STMicroelectronics have signed a 15-year Power Purchase Agreement (PPA) to supply 1.5 TWh of renewable electricity to STMicroelectronics’ sites in France, starting in 2025. This agreement supports STMicroelectronics’ goal of achieving carbon neutrality by 2027 and showcases TotalEnergies’ capability to deliver innovative clean energy solutions. The renewable energy will come from wind and solar farms operated by TotalEnergies, marking a significant step in the semiconductor company’s transition to 100% renewable energy sourcing, while enhancing TotalEnergies’ positioning as a key partner in the decarbonization efforts of tech industry players.
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. The company is active in about 120 countries and is committed to providing sustainable, reliable, and affordable energy. STMicroelectronics is a leading semiconductor company with over 50,000 employees, focusing on semiconductor technologies for smarter mobility, efficient power and energy management, and the Internet of Things.
YTD Price Performance: 6.27%
Average Trading Volume: 2,616,838
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €127.3B
Find detailed analytics on TTE stock on TipRanks’ Stock Analysis page.
