TotalEnergies has reaffirmed the relevance of its balanced integrated multi-energy strategy, anchored on two pillars, Oil & Gas, especially LNG, and electricity, the energy at the heart of the energy transition.

By 2030, the strategy aims to achieve a reduction of 25% of the lifecycle carbon intensity of energy product sold, i.e.

• for an equivalent quantity of energy, the carbon content of energy products would be reduced by 25% (“less emissions for same energy”); or
• for an equivalent quantity of emissions (Scope 1+2+3), the Company would supply 33% more energy to its customers (“more energy for same emissions”).

We will grow in electricity production and sales, which will account for over 50% of the total reduction in carbon intensity by 2030. Indeed, we aim to reach 100 TWh/year of net electricity production by 2030.

The reduction in carbon intensity will also be facilitated by the growth of gas sales, especially liquefied natural gas (LNG) – a transition fuel – so it accounts for 50% of our energy mix by 2030.

Moreover, we plan to bolster our range of products derived from biomass (biofuels, biogas, hydrogen and e-fuels), especially for sectors that are hard to electrify, such as air and sea transport, and heavy industry.

To support this effort, we plan to allocate a third of our annual investments to low-carbon energies by 2030, exceeding the amount we invest in new gas and oil projects.

We offer our clients increasingly decarbonized products

Expanding our electricity business, especially from renewable sources, through an integrated strategy from production to customers

We are building a portfolio of competitive, renewable (solar, onshore and offshore wind) and flexible (flexible gas-fired power plants, storage) assets in order to supply our customers with low-carbon electricity 24/7, in particular by signing renewable corporate power purchase agreements (CPPA).

For example, in 2023, the Company signed Renewable Power Purchase Agreements with Sasol and Air Liquide in order to supply around 850 GWh of renewable electricity from solar per year to the Sasol’s Secunda site in South Africa.

Natural gas, a transition fuel

Gas is a necessary transition fuel for building a reliable, lower carbon power system, complementing renewable energies that are intermittent by nature. A flexible resource that can be mobilized quickly, power generation from gas-fired plants offers a secure backup for grids powered by intermittent renewable sources (such as solar and wind), which takes over when weather conditions are unfavorable or demand surges.

Natural gas also provides a reliable alternative to many uses of coal, such as power generation or heat production for industry or retail customers, while emitting half as much CO₂. That is why it occupies a central position in the Net Zero roadmaps of many coal consumer countries. To support these initiatives, TotalEnergies aims to increase the proportion of gas in its sales mix by 2030.

TotalEnergies continues its strategy to grow LNG considerably

Helping to decarbonize the transportation industry and developing low-carbon mobility solutions

The transportation industry is currently 90% powered by petroleum products and represents one of the largest contributors to global greenhouse gas emissions. That is why decarbonizing mobility is a major component of the energy transition.

TotalEnergies will invest over $1 billion in electric mobility between 2024 and 2028 to develop a network of high-power electric charging stations along motorways, major roads and in urban hubs in Europe.

In addition to this network, TotalEnergies supports its B2B clients to transition to electric mobility by offering charging stations services both at the workplace and employees’ homes.

Our actions to decarbonize mobility

TotalEnergies also invests in CO₂ storage projects for its customers (Storage as a Service), offering CO₂ storage solutions to large industrial clients who can thus reduce their Scope 1 emissions and secure the future of their activities.

Created in 2022, TotalEnergies One B2B Solutions provides multi-energy supply solutions to suit the needs of its major industrial clients.

Run by a team of 30 experts, this service helps major corporations operating in 11 strategic sectors to achieve their energy transition ambitions by providing them with the solutions they would require.

We support our customers in their decarbonization journey