Electricity is a fast-growing market in which TotalEnergies is developing profitably.
The Company's objective is to produce more than 100 TWh/year by 2030, which would place it among the world's top five producers of renewable electricity (wind and solar). TotalEnergies creates value through integration along the electricity chain.
Developing flexible generation and storage capacities
The intermittent nature of solar and wind projects creates a need for flexible generation and storage capacity to meet demand at all times and guarantee grid stability.
TotalEnergies has a portfolio of controllable power generation from gas-fired power stations (CCGT). Eventually, this capacity will be decarbonized, either through its supply (biomethane or low-carbon hydrogen) or through the sequestration of its emissions.
In terms of storage, TotalEnergies is relying on the expertise of Saft, which is also taking advantage of this fast-growing market. The Company's objective is to deploy 5 GW of storage capacity worldwide by 2030.