REG-TotalEnergies SE TotalEnergies: Green Hydrogen: TE H2 Partners with VERBUND on a Large Project in Tunisia

TotalEnergies SEAnnouncement

28/05/2024 09:45

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TotalEnergies: Green Hydrogen: TE H2 Partners with VERBUND on a Large Project
in Tunisia

 

TE H2 a joint-venture between TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE)
and EREN Groupe, together with VERBUND, Austria’s leading electricity
company, have signed a Memorandum of Understanding with the Republic of
Tunisia to study the implementation of a large green hydrogen project named
“H2 Notos” for export to Central Europe through pipelines.

H2 Notos aims to produce green hydrogen using electrolysers powered by large
onshore wind and solar projects and supplied with desalinated sea water. The
project aims to produce 200,000 tons of green hydrogen annually during its
initial phase, with the potential to scale up production to one million tons
per year in South Tunisia. The project will have access to the European market
through the “SoutH(2) Corridor”, a hydrogen pipeline project connecting
North Africa to Italy, Austria, and Germany, which is expected to be
commissioned around 2030.

TE H2, together with VERBUND, will be leading the development, financing,
construction, and operation of the integrated project from production of green
electricity to production of green hydrogen. In addition, VERBUND will
coordinate the transport of the produced hydrogen towards Central Europe.

David Corchia, CEO of TE H2, said: “The signing of this MOU with the
Republic of Tunisia marks the actual start of this highly ambitious project
after months of work and interactions with all stakeholders. We are delighted
to partner with VERBUND to support the development of such a pioneering and
ambitious endeavor in such a strategic location. H2 Notos has the potential to
become a significant supplier of green hydrogen for Europe while fostering
significant jobs creation in Tunisia. We are entering into a phase of
greenfield development and major technical work to assess the feasibility of
the project and we will need to further deepen the highly constructive and
fruitful collaboration we have enjoyed with the national and local authorities
through H2 Notos.”

Fatma Thabet Chiboub, Tunisia's Minister of Industry, Mines and Energy,
stated: "This agreement with TE H2 and VERBUND marks a significant step
forward in our quest for clean, sustainable energy. Tunisia, firmly committed
to its energy transition, sees in this project a strategic pivot to strengthen
its attractiveness as a destination of choice for foreign investment in
renewable energies."

Michael Strugl, CEO of VERBUND AG, added: “Tunisia is a particularly
important upstream region in terms of scalability and competitiveness and a
significant part of VERBUND's hydrogen plans. We have set ourselves the goal
of supplying the European industry with green hydrogen. By combining
competitive hydrogen production in Tunisia and pipeline-based transportation,
we can ensure a long-term supply at scale to support a sustainable transition
of our customers to green hydrogen as well as support a sustainable economic
development in Tunisia. We are delighted to be working with a strong
consortium capable of realizing GW-scale projects and look forward to
developing them in partnership and close collaboration with the Tunisian
authorities and population.”

***

About TE H2

TE H2 is an 80/20 joint-venture formed by TotalEnergies and EREN Groupe,
specialized in developing and structuring large-scale green hydrogen projects
located in world-class sites benefitting from exceptional renewable resources,
such as North Africa, Latin America, and Australia. TE H2 is made up of an
expert team with extensive know-how in the development, construction and
operation of wind and solar projects globally. By combining technical
expertise and experience, TE H2 aims to deliver globally impactful renewable
energy projects that provide affordable, sustainable, reliable, and accessible
energy to as many people as possible.

About VERBUND

VERBUND Green Hydrogen GmbH is part of VERBUND, Austria's leading energy
company and one of the largest hydropower producers in Europe. The Group
generates around 98 % of its electricity from renewable energy, primarily from
hydropower. VERBUND trades electricity in 12 countries and generated around
€ 2.266m group result and € 4.490m in EBITDA in 2023 with approximately
3,800 employees. With its subsidiaries and partners, VERBUND is active in the
generation of electricity, transmission and in international trading and
sales. VERBUND has been quoted on the Vienna Stock Exchange since 1988 with
51% of the share capital being held by the Republic of Austria.

VERBUND is the decisive player for the success of the energy transition in
Austria. The challenges that lie ahead require a new company spirit, which
VERBUND is driving forward with its Mission V. The Mission V is a long-term
and comprehensive transformation program and stands for the will to confront
the climate crisis as a force for change. This program is based on the VERBUND
Strategy 2030 with its three main pillars: Strengthening the integrated home
market, expanding renewable energies in Europe and becoming a European
hydrogen player. With Mission V, VERBUND is accelerating the achievement of
the strategic goals 2030 and ensuring their implementation.

Further information: www.verbund.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.verbund.com&esheet=54016839&newsitemid=20240528994409&lan=en-US&anchor=www.verbund.com&index=1&md5=6a7721bfd5c942f1edfe4ed3c6641498)

Cautionary Note

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. No entity under this Press
Release nor any of their 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.

TE H2 Contacts 

Media Relations + 33 (0) 6 18 23 76 99 l
solange.petit-de-bantel@totalenergies.com 
(mailto:solange.petit-de-bantel@totalenergies.com) 
Investor Relations +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

VERBUND AG Contact: 

Rainer Tschopp, +43 (0)664 – 882 613 32 l rainer.tschopp@verbund.com
(mailto:rainer.tschopp@verbund.com)



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