With digitalization and an evolution in mobility, as well as increased access to electricity among populations, the 21st century is truly a century of electricity. The demand for electricity is increasing faster than the global demand in energy. While our Company has placed climate at the heart of its strategy, we want to offer our clients a mix of energy sources with increasingly lower carbon emissions. Keeping true to our integrated model, we aim to produce and supply electricity that is produced first and foremost from renewable energies, and from natural gas, which is the fossil fuel with the lowest level of CO2 emissions.
From the production to the supply of electricity from renewables
TotalEnergies has a long history in the power business: electricity has always been one of the main outputs from our natural gas production. Gas, which emits much less carbon than coal to produce electricity, is ideal to compensate for the intermittent nature of renewables, i.e. to take over when there is no sun, wind, etc. In order to offer our individual and business customers the best-priced deals, we are present throughout the electricity value chain.
- Production: We have significantly enhanced our production capacity over the past few years through a series of targeted acquisitions in the renewables sector (solar, wind, hydro), where our business is growing fast. We have also set up specialized affiliates. Our goal is to achieve 100 gigawatts of installed renewable power generation capacity by 2030.
- Supply: We are a major supplier of electricity in Europe, serving the French, Belgian, Spanish, Dutch and U.K. markets.
- Storage: To compensate for the intermittent nature of renewables and reduce network access tariffs for our customers, we have made electricity storage a priority. We invest in stationary storage systems, such as in Dunkirk, where we have launched the largest project of this type in France. And our Saft affiliate develops high-tech batteries for storing electricity generated from renewable sources.
And because we are determined to pursue the decarbonization of our energies, we also have the ambition to grow in the biogas and hydrogen sectors.