REG-TOTAL Hydrogen Mobility: Total Supports the Development of the First Hydrogen Taxi Operator in Paris

TotalEnergies SEAnnouncement

26/05/2021 07:40

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Hydrogen Mobility: Total Supports the Development of the First Hydrogen Taxi
Operator in Paris

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces the acquisition of a stake in
Hysetco, a French company dedicated to the development of hydrogen mobility in
cities. Hysetco owns the largest fleet of hydrogen taxis in the world,
launched in 2015 and operated in the Île-de-France region under the Hype
brand, as well as hydrogen stations.

The Hype project aims to demonstrate for the first time on a large scale the
viability of zero-emission hydrogen vehicles for urban mobility.

With the acquisition of a 20% stake, Total joins Hysetco’s historical
shareholders: STEP (Société du Taxi Electrique Parisien), Air Liquide,
Toyota and Kouros.

Hysetco currently owns around 700 taxis in Paris, with still a majority of
diesel vehicles that will transition gradually to become exclusively comprised
of hydrogen vehicles by 2024. The hydrogen taxis are fueled by a dedicated
network of hydrogen stations operated by Hysetco. This network is expected to
expand in the coming years to support the growth of hydrogen vehicle fleet.
Total will make its network of service-stations available to Hysetco to
contribute to the growth of this network of hydrogen stations.

“This acquisition is a concrete commitment and an acceleration for Total in
hydrogen mobility. We are delighted to be working with partners whose skills
and expertise complement each other throughout the hydrogen vehicle value
chain,” declared Patrick Pouyanné, Chairman and CEO of Total. “After
investing in the new Bélib’ network of charge points for electric vehicles,
Total is contributing to position Paris as a showcase for new carbon-neutral
urban mobility for businesses and consumers. Total is thus continuing to
accelerate its transformation into TotalEnergies, a leading broad-energy
player in the energy transition.”

***

About Total & Hydrogen

Total is looking into the production of clean hydrogen - blue or green -,
produced using carbon neutral processes, from natural gas with carbon capture
and storage or based on intermittent renewable electricity. For several years,
the Group has been working on the development of concrete use cases, for the
decarbonization of industrial processes as well as in mobility and gas. Total
is notably involved as an industrial user, within its refineries, and as a
player in its development as a fuel, notably in Germany where 24 Total service
stations already offer hydrogen as part of the H2 Mobility joint venture.
Total is also an active member of several hydrogen-dedicated initiatives and
professional associations: the Hydrogen Council, Hydrogen Europe, the European
Clean Hydrogen Alliance and France Hydrogène.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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 TOTAL 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.

Total 

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

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



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