Picture of TotalEnergies SE logo

TTE TotalEnergies SE News Story

0.000.00%
us flag iconLast trade - 00:00
EnergyBalancedLarge CapNeutral

REG-TotalEnergies SE United States: TotalEnergies and TES Join Forces to Develop a Large-Scale e-NG Production Unit

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230531:nBw3VNdYba&default-theme=true


United States: TotalEnergies and TES Join Forces to Develop a Large-Scale e-NG
Production Unit

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) is joining forces with Tree
Energy Solutions (TES) to study and develop a large-scale production unit in
the United States for e-natural gas (e-NG), a synthetic gas produced from
renewable hydrogen and CO(2).

The project, which is expected to produce 100,000 to 200,000 metric tons of
e-NG per year, will be equally owned by the partners and operated by
TotalEnergies. This partnership combines TES’ e-NG know-how with
TotalEnergies’ expertise in renewable power generation, large-scale project
management and natural gas liquefaction.

The e-NG will be produced in two steps:


 * to produce renewable hydrogen, a 1 gigawatt (GW) electrolyzer will be powered
by approximately 2 GW of wind and solar energy supplied by TotalEnergies
through long-term power purchase agreements (PPAs).


 * this renewable hydrogen will then be combined with biogenic CO(2) to obtain
the e-NG.

The resulting e-NG produced can be transported and/or liquefied, then sold
like natural gas, using existing infrastructure, and end customers will be
able to use it without any adaptation to their facilities.

TotalEnergies and TES will carry out the preliminary studies and aim to reach
a Final Investment Decision (FID) in 2024. The project is expected to benefit
from tax credits under the 2022 Inflation Reduction Act (IRA).

“We are pleased to partner with TES to pioneer the development of the e-NG
industry. This synthetic fuel will contribute to the energy transition by
helping our customers to decarbonize their activities, notably the ones that
are difficult to electrify. This product presents two significant advantages.
First, it does not require any new logistical infrastructure since e-NG and
natural gas have the same properties and can therefore be mixed in existing
infrastructures. Second, our customers will not have to change their current
industrial processes,” said Stéphane Michel, President, Gas, Renewables
& Power at TotalEnergies. “The United States has many advantages for the
development of our first e-NG project, including well-developed gas
infrastructure, growing renewable power generation capacity, and significant
public subsidies.”

“The strategic cooperation with TotalEnergies is an important milestone
towards large-scale e-NG production. Our purpose and vision are to accelerate
the race to zero emissions and the development of hydrogen. The innovative
business model developed by TES will help to diversify the European and Asian
energy mix, making affordable renewable energy available. This groundbreaking
project testifies to the effectiveness of the Inflation Reduction Act (IRA) in
the United States. Today’s announcement confirms that cooperation among all
players is what will make the energy transition possible,” said Marco
Alverà, Chief Executive Officer of TES.

***

About TES

TES is a global green energy company at the forefront of the production of
e-NG (electric natural gas made from hydrogen). Headquartered in Europe, TES
is democratizing access to renewable energy by shipping sunshine using a
proven, scalable, and cost-effective method. With a presence in the United
States, Middle East, Asia and Australia, the company's green hydrogen model
uses solar and wind energy in low-cost areas with abundant sunlight or wind.
This is then combined with CO2 to transform it into e-NG, a renewable
molecule, easy to transport and store using existing infrastructure. TES aims
to provide access to the sun and wind everywhere, supplying e-NG to industry
to promote energy independence and security.

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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53410372&newsitemid=20230530005748&lan=en-US&anchor=%40TotalEnergies&index=1&md5=379a6e218baca6dbc166ef2052d4f4bf)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53410372&newsitemid=20230530005748&lan=en-US&anchor=TotalEnergies&index=2&md5=f6397f4f04fdfabf0e6f6b459433a407)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53410372&newsitemid=20230530005748&lan=en-US&anchor=TotalEnergies&index=3&md5=73672168efc8f2aa656ed7907bc0767f)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53410372&newsitemid=20230530005748&lan=en-US&anchor=TotalEnergies&index=4&md5=ce06cb117858ebd24d04e4fe6defbe2a)

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).

TotalEnergies 

Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53410372&newsitemid=20230530005748&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=dd54d8932066c897514921aea7054194)

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

TES Contacts 

Media Relations: +32 (0)4 90 11 36 45 l kg@tes-h2.com (mailto:kg@tes-h2.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20230530005748/en/
(https://www.businesswire.com/news/home/20230530005748/en/)

Total


Copyright Business Wire 2023

Recent news on TotalEnergies SE

See all news