United States: TotalEnergies and TES Join Forces to Develop a Large-Scale e-NG Production Unit
May 31 2023 - 2:36AM
Business Wire
Regulatory News:
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 CO2.
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 CO2
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 TotalEnergies TotalEnergies
TotalEnergies
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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