Let’s Look Back at 2023 Together

What is the electricity value chain?

Serving energy demand with low carbon electricity is a key focus in the roadmaps of countries committed to getting to net zero by 2050. It's an essential part of the energy transition and a fast-growing market in which we are staking out a position.
In order to become a major player in electricity, we are aiming to profitably integrate across the electricity value chain.
The links in the chain include renewable energy production and flexible power generation, notably from natural gas; energy storage; trading and sales.

Renewables

Renewable energies are the main driver for decarbonizing the electricity mix.
For us, that means growing massively in renewables while defining profitable business models. Our objective is to rank among the world's top five producers of renewable electricity, with gross capacity of 100 GW by 2030.
How are we going to get there? By keeping costs down and using our existing skills in managing megaprojects, on the one hand, and by tapping external financing at competitive rates and divesting some assets, on the other.

Flexible generation

Due to the intermittent nature of solar and wind energy, there is a need for flexible generation capacity to ensure grid stability and an uninterrupted supply of electricity to our customers. Natural gas, in particular, is an ideal partner for renewable energies since flexible and dispatchable gas-fired power plants allow for a secure supply of electricity in response to inclement weather and swings in demand.
How are we going to get there? By building a portfolio of combined cycle gas turbine (CCGT) power plants (in progress since 2015), with 5.6 GW of capacity already in operation in 2022 and an objective of 7-10 GW further out.

Energy storage

Energy storage helps ensure grid stability and satisfy demand. At critical junctures, storage systems make it possible to inject energy into the network and distribute energy.
How are we going to get there? By taking advantage of this market's fast growth and by leveraging our Saft affiliate's technological expertise to develop safe and effective large-scale battery energy storage systems. We aim to deploy 5 GW of storage capacity worldwide by 2030.

Trading

In the markets, we anticipate an upward trend in electricity prices over the long term as demand outstrips supply. In addition, the very strong growth in renewables will generate volatility. These two factors will create opportunities for traders who, thanks to effective risk management, will choose exposure to deregulated markets (mainly OECD countries and Brazil) or regulated markets (mainly emerging economies).
How are we responding? By relying on a combination of long-term power purchase agreements (PPAs) and exposure to wholesale markets to make the most of the value created by price fluctuations.

Customers

On the path to net zero, the challenge for our customers, and society as a whole, is to have access to affordable, clean energy that will make it possible to ramp up electric mobility while learning to save energy and use it efficiently.
How are we responding? By continuing to develop our customer portfolio, with the goal of serving 10 million B2C and B2B customers and selling 130 TWh by 2030. By installing 150,000 electric vehicle charge points in Europe. By proposing long-term power purchase agreements and decentralized solar production solutions to our industrial customers to help them reduce their carbon footprint.

Conclusion

Beyond producing renewable energies, we are positioning ourselves as an integrated player in electricity at the global level, from production to distribution to our end customers. We are already present in these activities with ambitious objectives. The challenge is to keep growing and to develop more synergy to reduce costs, create new opportunities, ensure more effective risk management, etc. We believe that by being present across the value chain for electricity, the key energy of the 21^st century, we will be able to contribute to the energy transition while creating value for all, just as we have done so successfully in oil and gas.

Keywords: Climate, electrification, Paris Agreement, objective: below 2°C by 2050, net zero trajectory, CO2, t/y, billions of tons per year, capacity in terawatts, energy transition, production, wind consumption, solar consumption, transactions, wholesale markets, spot markets, PPA, value chain, flexible power generation, customer supply, France, Belgium, Spain, 5.6 GW, objective: 7-10 GW, focus, technological expertise, market growth, higher rices, electricity price, fast charging, customer portfolio, 150,000 charges, electricity contracts, decentralized solar production, integrated buyer, generation, distribution, ambitious objectives, synergy, lower costs, risk management, key energy, 21st century, energy transition.

TotalEnergies in the Air: Supporting Our Customers in Their Energy Transition

TotalEnergies is a leading supplier of aviation fuel:

• ± 280 airlines supplied
• 300 airports
• 500 airfields

We produce Sustainable Aviation Fuel (SAF).

SAF? What is it?

SAF is made from waste and residue sourced from the circular economy, such as used cooking oil. Pure SAF reduces CO₂ emissions by 90% compared to a fossil fuel equivalent over the entire life cycle⁽¹⁾. In practical use, it is blended with conventional fossil-origin fuel in various proportions, up to 50%. TotalEnergies incorporates it up to 30% to obtain an alternative aviation fuel. This fuel can be used straight away without making any changes to engines or infrastructure.

How is alternative aviation fuel produced?

Two production methods using waste and residue such as used cooking oil:

• With hydrotreatment (HEFA): the feedstock (used cooking oil) is turned into SAF within a biorefinery. The SAF is then blended with fossil-origin jet fuel to obtain an alternative aviation fuel.
• With co-processing: the feedstock (petroleum product and sed cooking oil) is injected into a traditional refining unit to obtain alternative aviation fuel.

Where is alternative aviation fuel produced?

4 production sites in France:

• Normandy complex (in operation)
• Oudalle plant and La Mède complex (in joint operation)
• Grandpuits complex (as from 2025)

TotalEnergies and SAF, a long history

TotalEnergies has been producing and marketing alternative aviation fuel since 2013 and is ramping up production and distribution from 2021.

• April 2021: First production at La Mède-Oudalle, France
• May 2021: First Paris-Montréal flight
• June 2021: First permanent supply of SAF at the Le Bourget business airport in France
• October 2021: First flight using 100% TotalEnergies SAF, in collaboration with Airbus, Safran, Dassault, ONERA and the DGAC
• June 2022: Bordeaux-Mérignac becomes France’s first major airport to offer TotalEnergies’ alternative aviation fuel on a permanent basis
• December 2022: Memorandum of Understanding to supply more than one million m3 of SAF to Air France-KLM airlines over a 10-year period

Moving forward with society

In Europe and in the rest of the world, regulations are being enacted to promote the use of SAF in air transportation. In France, blending targets are 5% by 2030. In the EU, they could reach 70% by 2050.

Providing our customers with a comprehensive lineup

With its affiliates Saft and Hutchinson, TotalEnergies is supporting decarbonization of the aviation industry:

• materials for aircraft fluid transfer, insulation and tightness;
• batteries to start engines and supply back-up electricity;
• parking lot canopies, rooftops, etc.;
• fleet of refueling trucks with hybrid or pure electric vehicles

⁽¹⁾ In accordance with the EU directive 2018/2001 of December 11, 2018, known as RED II, on promoting the use of energy from renewable sources.

Julia Rose, Head of Development TotalEnergies, Offshore Wind UK

Here in Scotland, you cannot deny the mighty force of the wind. And if you go out to sea, the wind blows even stronger. So if you want to harvest wind and wind energy, that's where you must go. In TotalEnergies, we've been working in the offshore territory for many, many years, and there's now an opportunity to take these skills into offshore wind, building the basis for a carbon neutral future.

I've been coming up to Scotland quite frequently for work since I started in my role, and it's a very beautiful place to work. One should add that here in Scotland the weather conditions can be quite rough, but that's also the reason we're here. The UK in general obviously has a big benefit in terms of offshore wind. It's an island and it's got a lot of coastline. Wind speeds are typically higher on the sea than they are on the land simply because there are less obstructions and the flat sea essentially acts as an accelerator.

We can already see a lot of investment in offshore wind in the UK and in Scotland. UK is second only to China in terms of installed capacity of offshore wind. In fact, I think it was earlier this year that there was more electricity produced by wind power than by gas, for the very first time.

My career started in conventional power generation. I spent the first ten years or so working on gas and steam fired power plants. There’s a lot of complexity to these projects. When there was an opportunity to take these skills I had learned and bring them across into the renewables industry and specifically offshore wind, I jumped on to it.

TotalEnergies have many, many years of experience working in the oil and gas space, designing, building and operating big projects and facilities in this harsh offshore environment. Just over three years ago, TotalEnergies invested into the Seagreen project, together with our partners from SSE Renewables. Seagreen is around 27 kilometres off the coast of Scotland. It's now Scotland's largest offshore wind farm, with a total of 114 turbines. As of this year, Seagreen is fully operational and can supply up to 1.6 million households in Scotland with green electricity. So that's around two thirds of all households in Scotland. The scale of these projects is extraordinary. Developing, building, and operating an offshore wind farm is quite a feat and it takes a diverse team of specialists to come together to make it happen.

Michelle Aitken, Head of HSE TotalEnergies, Offshore Wind UK

I grew up in Norway, so I grew up right next to the sea. My parents both worked in offshore oil and gas, so I just naturally followed in that direction. And then two years ago, I made the jump into offshore wind, and it's been the best decision I ever made. Offshore wind is still a relatively new industry, so we're essentially building it from the ground up and being able to use our past background and experience to do that in a safe and responsible manner is quite an exciting project to be part of.

Martin Mciver, Operations Manager TotalEnergies, Offshore Wind UK

So, I transitioned into offshore wind at the start of this year, just as the Seagreen project was ramping up. I was previously ten years oil and gas working in the North Sea. It’s a very harsh environment, so we need to make sure that the foundations and the turbines are able to withstand everything the North Sea can throw at it, in the height of winter. We've looked at the design and we're at the forefront of the industry.

Julia Rose, Head of Development TotalEnergies, Offshore Wind UK

We're only on the very first steps of this journey. And there's estimates that in order to reach net zero in the future, we'd have to build another 100,000 offshore wind turbines. Offshore wind has very rapidly grown to be one of the leading renewable technologies, and rightly so. It's pretty much an unlimited source of renewable power, which is absolutely instrumental to move us into a lower carbon, more sustainable future.

Hydrogen mobility: behind the scenes of a multi-energy service station

Berkman Service Station
Breda, Netherlands

Fanny Cacherat
Hydrogen Business Development
TotalEnergies Hydrogen Mobility Solutions

We are in a multifuel station which offers electricity, conventional fuel but also hydrogen as you can see behind me.

TotalEnergies opened its first hydrogen station in 2002 in Berlin, Germany and as of today, within TotalEnergies’ network, we have around 30 hydrogen stations in Europe.

We are offering 350 bar for heavy duty vehicles and also 700 bar for also heavy duty and light duty vehicles like passenger cars, for example.

Hydrogen refueling stations are a little bit different than conventional fuel stations. For instance, we are actually compressing a gas as opposed to pumping a liquid. It means that we need to first bring the molecules on site. So we can either do that with a tube trailer or we can also produce the molecules directly on site, for example through an electrolyzer. We then compress this hydrogen into the desired pressure. We are storing this hydrogen at high pressure inside a station. Because we are limited to a certain temperature inside the vehicle, we also need to add a cooling block inside the installation to be able to deliver hydrogen into the vehicle.

Customers with heavy duty trucks, for example, are in the need of a long range or long autonomy and also, a short refueling time. And that’s exactly where and why hydrogen makes sense because we are able to fill these needs.

My experience with the H2 truck is that it’s a lot cleaner, what is good for the people working on it but also for the environment. You have less sound, almost no sound, which is not only good for the people working on the back but also for the people living in the city. And the refueling time is almost the same as diesel trucks.

Hydrogen will play a crucial role in the energy transition. Alongside other solutions like battery, hydrogen will help us support our customers decarbonizing their transport.

Fanny Cacherat, Hydrogen Business Developper - TotalEnergies Hydrogen Mobility Solutions

We are in a multifuel station which offers electricity, conventional fuel, but also hydrogen as you can see behind me.

TotalEnergies opened its first hydrogen station in 2002 in Berlin, Germany. As of today, within TotalEnergies’ network, we have around 30 hydrogen stations in Europe.

We are offering 350 bar for heavy duty vehicles and also 700 bar for also heavy duty and light duty vehicles like passenger cars, for example.

Hydrogen refueling stations are a little bit different than conventional fuel stations. For instance, we are actually compressing a gas as opposed to pumping a liquid. It means that we need to first bring the molecules on site. We can either do that with a tube trailer or we can also produce the molecules directly on site, for example through an electrolyzer. We then compress this hydrogen into the desired pressure. We are storing this hydrogen at high pressure inside the station. Because we are limited to a certain temperature inside the vehicle, we also need to add a cooling block inside the installation to be able to deliver hydrogen into the vehicle.

Customers with heavy duty trucks, for example, are in the need of a long range or long autonomy and also, a short refueling time. And that’s exactly why hydrogen makes sense because we are able to fill these needs.

Hydrogen-powered truck driver

My experience with the H2 truck is that it’s a lot cleaner, what is good for the people working on it but also for the environment. You have less sound, almost no sound, which is good for the people working on the back but also for the people living in the city. And the refueling time is almost the same as diesel trucks.

Fanny Cacherat

Hydrogen will play a crucial role in the energy transition. Alongside other solutions like battery, hydrogen will help us support our customers in decarbonizing their transport.

Papua New Guinea As seen By the People Who Work There!

Vavine Fay Mulina
Human Resources Manager

I am the HR Manager for the affiliate here in PNG.

John Tavaperry
Talent Developper

I am the Talent Developer.

Charlotte Doyelle Marine
Operations Manager

I’m the Marine Operations Manager.

What’s the buzz about working here in PNG?

It’s a very interesting and beautiful country to work in.

Just like PNG and its culture, everything that we deal with in HR is very diverse.

No two situations are the same.

The project itself is also very interesting and one of a kind.

We are constantly pushed to be better in every way and we receive the support that allows us to do that.

What makes this experience unique?

I’m proud to be part of the project in terms of sustainability.

I’m convinced that there are only few places in the world like PNG. What I would keep as a key aspect of my job in PNG is the fact that we have given priority to working with local players.

How is the atmosphere?

The team atmosphere is really nice.

I’ve made a lot of good friends here in the last five years.

People here are so kind that you can easily learn how to communicate with them and how to have fun and a good time with them.

What would you say to someone interested in coming to PNG?

I would say: do not hesitate at all.

We have so many things that you can do, so many things you can see, so much rich culture, diversity, heritage.

For us, it’s the first expatriation with family but it’s a really unique place, with unique people and we really enjoy our life here.

It would be a shame to let that opportunity go by.

Do not hesitate. Don’t be scared, don’t be afraid. You will live something really exceptional.

Any interesting stories to share with us?

I’ll always remember the first time I sailed on the Purari River, that was my first sailing trip on this beautiful river. I will always remember these unique landscapes.

The PNG experience in one word?

That was really an amazing and unique experience.

I would say "challenging".

I think it’s "dynamic". "Pioneering".

Jean-Marc Noiray, Managing Director TotalEnergies EP PNG

It’s not every day you are lucky enough to participate in a project in a very remote country, with so many challenges, working in a beautiful country. We need people. We need numbers and we need quality people.

Take the PNG challenge! An attractive project that’s attracting talent

Hello everyone,

It's October 6, and today is Sustainable Day. Find out what's happening on your sites, share your stories, and remember that what's important Sustainab’ALL happens locally, it's about concrete actions on your sites. The proof is in the pudding: today I'm at Industreet to tell you about a particular story linked to KPI 10. In France today, we're faced with a shortage of installers of photovoltaic panels, and of electric charging stations, due in particular to the rising price of electricity. By 2025, the number of installers required is estimated at over 20,000, which is more than the double of today's number.
This is a problem for the industry, and for our teams, who are seeking to promote the development of renewable electricity in France and the electrification of applications. So why Industreet? Because it offers a solution. You've heard of Industreet: the school funded by TotalEnergies Foundation, located in Stains north of Paris. It offers free training courses for young people aged 18 to 30, in the field of tomorrow's industry, which is in fact today's industry. Among the training courses, there are two that are related to our subject: one for the installation of solar panels, and the other for energy distribution terminals. In concrete terms, more than 90 young people have been trained then put in touch with the ecosystem for internships or jobs.

Before coming to Industreet, I took an STMG bac a few years ago, then I worked in catering, as a sorting agent, in administration, then I wanted to move into another field, and finally I stumbled across the Industreet website on Instagram. The school immediately appealed to me, I signed up without even attending an open day. Everything came together for me to come here. We do 20% theory, 80% practice, and with practice you learn a lot faster. The theory is to teach us about the different devices, and what a solar panel is, and the different components. All these things are important before you can qualify for this job, and get a bit more experience before you can actually work on a site. The content of the training exceeded my expectations, and it's free, which means that many learners can come here, without any financial worries. After that, I'd love to get a contract, either for installation or maintenance. What I like is being able to help lots of people switch to renewable energy. That's what I like about it.

As you can see, it's a concrete project which, on the one hand, helps young people to qualify and gain access to employment, and on the other, has a positive impact on an industrial sector in which the company is active. So, like me today, share your stories as soon as possible, ideally with videos, photos and diagrams, to be uploaded to Sharepoint Sustainab’ALL.

Have a great Sustainab’ALL day!

And don't forget, we all have a role to play.

This Rugby World Cup 2023

Wouldn’t have been special

Without all of you

And all the positive vibes

Of this global event.

We thank you all.

The National Neighborhood Tournament is an event organized by France 2023 in collaboration with TotalEnergies.

We were committed to making this World Cup an inclusive event.

That's why we reached out to 6,000 young people in priority neighborhoods in ten host communities for the France 2023 World Cup.

So today is the final day of the National Neighborhood Tournament.

It's the grand finale.

So, the children have been training for months, participating in rugby workshops, and citizen workshops conducted with the police, with the gendarmerie, and with the firefighters as well, as we can see today.

So there will be medals, there will be a trophy.

And most importantly, it doesn't end there as we take them to the Stade de France to watch the England - Argentina match.

We could have fun, we could go to the hallways to play.

It's a bit like a camp.

It's just an incredible adventure for them and for us as well.