REG-TotalEnergies SE United States: TotalEnergies Starts Up in Texas a 380 MW Utility-Scale Solar Power Plant with Battery Storage

TotalEnergies SEAnnouncement

24/10/2023 07:30

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United States: TotalEnergies Starts Up in Texas a 380 MW Utility-Scale Solar
Power Plant with Battery Storage

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has started commercial
operations of Myrtle Solar, its utility-scale operated solar farm in the
United States.

Located south of Houston, Texas, Myrtle has a capacity of 380 megawatts peak
(MWp) of solar production and 225 MWh of co-located batteries. With 705,000
ground-mounted photovoltaic panels installed over an area equivalent to 1,800
American football fields, Myrtle produces enough green electricity to cover
the equivalent consumption of 70,000 homes.

70% of Myrtle’s capacity will supply green electricity to the Company’s
industrial plants in the U.S. Gulf Coast region. It is part of the Company’s
“Go Green” Project, which will enable the Company to cover, by 2025, the
power needs and curtail the Scope 1+2 emissions of its industrial sites in
Port Arthur and La Porte in Texas, and Carville in Louisiana.

The remaining 30% of Myrtle’s capacity will supply green electricity to
Kilroy Realty, a publicly traded real estate company, under a 15-year
corporate power purchase agreement (CPPA) indexed on merchant prices.

In addition to the photovoltaic installations, the solar power plant also
features battery energy storage equipment to meet the need for grid
stabilization. With a total capacity of 225 MWh, this storage is made of 114
high-tech Energy Storage Systems (ESS) containers designed and assembled by
TotalEnergies' affiliate Saft, which develops cutting-edge industrial
batteries.

The Myrtle project, which benefits from the IRA (Inflation Reduction Act) Tax
Credit mechanisms, will positively contribute to TotalEnergies’ Integrated
Power’s profitability target of 12%.

“We are very proud to start up Myrtle, TotalEnergies’ largest-to-date
operated utility-scale solar farm with storage in the United States. This
startup is another milestone in achieving our goal to build an integrated and
profitable position in Texas, where ERCOT is the main electrical grid
operator. Besides, the project will enable the Company to cover the power
needs of some of its biggest U.S. industrial sites with electricity from a
renewable source,” said Vincent Stoquart, Senior Vice President, Renewables
at TotalEnergies. “Given the advantages that IRA tax exemptions are
generating, we will continue to actively develop our 25 GW portfolio of
projects in operation or development in the United States, to contribute to
the Company’s global power generation target of more than 100 TWh by
2030.”

*Myrtle was initially developed by SunChase Power and Eolian

TotalEnergies in the U.S

Operating in the United States since 1957, TotalEnergies is focused on
identifying opportunities to meet growing energy needs while reducing carbon
emissions. With a presence in more than 30 U.S. states, the Company is
developing an integrated portfolio combining 25 GW of operated and
non-operated solar and wind projects, storage, and trading. It is also the
number one U.S. exporter of LNG, a critical partner for intermittent renewable
energies.

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a world class cost-competitive portfolio combining renewables (solar, onshore
and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm
power to its customers. In 2022, TotalEnergies generated more than 33 TWh of
electricity, and had a gross renewable electricity generation installed
capacity of 17 GW. TotalEnergies will continue to expand this business to grow
its power generation to more than 100 TWh by 2030, with the objective of being
among the world's top 5 producers of electricity from wind and solar energy.

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 nearly 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.

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
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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.
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 Universal 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).



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