REG-TotalEnergies SE TotalEnergies and Air Liquide Join Forces to Develop a Network of Over 100 Hydrogen Stations for Heavy Duty Vehicles in Europe

TotalEnergies SEAnnouncement

02/02/2023 08:00

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TotalEnergies and Air Liquide Join Forces to Develop a Network of Over 100
Hydrogen Stations for Heavy Duty Vehicles in Europe

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air Liquide announce their
decision to create an equally owned joint venture to develop a network of
hydrogen stations, geared towards heavy duty vehicles on major European road
corridors. This initiative will help facilitate access to hydrogen, enabling
the development of its use for goods transportation and further strengthening
the hydrogen sector.

The partners aim to deploy more than 100 hydrogen stations on major European
roads - in France, Benelux and Germany - in the coming years. These stations,
under the TotalEnergies brand, will be located on major strategic corridors.

This agreement will lead to the creation of a major player in hydrogen
refueling solutions and contribute to the decarbonization of road
transportation in Europe. The two companies will combine their know-how and
expertise in infrastructure, hydrogen distribution and mobility:

- TotalEnergies will bring its expertise in the operation and management of
stations networks and the distribution of energies to BtoB customers;

- Air Liquide will contribute with its expertise in technologies and its
mastery of the entire hydrogen value chain.

The joint venture, which will be jointly managed by TotalEnergies and Air
Liquide, will invest, build and operate these stations, as well as procure
hydrogen from the market and dispense it to its transport customers.

"Following the recent signature of a partnership for the production of
renewable and low-carbon hydrogen on our Grandpuits Zero Crude Platform, we
are pleased to once again join forces with Air Liquide and continue our common
efforts to decarbonize mobility. As pioneers in hydrogen mobility, we are
convinced of the necessity to start building now a heavy-duty network that
will benefit our customers” says Thierry Pflimlin, President Marketing &
Services, TotalEnergies. "This new partnership with Air Liquide will enable us
to continue our development across the entire hydrogen value chain."

Matthieu Giard, Vice President and Executive Committee Member of the Air
Liquide Group, supervising the Hydrogen activities, underlines: "Hydrogen
offers clear benefits for heavy duty mobility. To promote its widespread use,
it is imperative to accelerate the development of refueling infrastructures
and to offer vehicle manufacturers and transport operators a sufficiently
dense network of stations. It is precisely the ambition of this joint venture,
which will benefit from the complementary expertise of Air Liquide and
TotalEnergies. As a leader for over 60 years and with unique know-how and
technologies, Air Liquide is a major player to accelerate and scale up the
development of hydrogen, a key element for the emergence of a low-carbon
society."

The two partners plan to establish their joint venture in 2023, subject to the
finalization of the appropriate contractual documentation and to the receipt
of the necessary regulatory approvals.

***

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in more than 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

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About Air Liquide

A world leader in gases, technologies and services for Industry and Health,
Air Liquide is present in 75 countries with approximately 66,400 employees and
serves more than 3.8 million customers and patients. Oxygen, nitrogen and
hydrogen are essential small molecules for life, matter and energy. They
embody Air Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.

Taking action today while preparing the future is at the heart of Air
Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air Liquide
is targeting a global performance, combining financial and extra-financial
dimensions. Positioned on new markets, the Group benefits from major assets
such as its business model combining resilience and strength, its ability to
innovate and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare, digital and
high technologies.

Air Liquide’s revenue amounted to more than 23 billion euros in 2021. Air
Liquide is listed on the Euronext Paris stock exchange (compartment A) and
belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50 and FTSE4Good indexes.

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of these entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

TotalEnergies Contacts

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

Air Liquide Contacts

Corporate Communications: media@airliquide.com 
(mailto:media@airliquide.com) 
Investor Relations: IRTeam@airliquide.com (mailto:IRTeam@airliquide.com)



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