TOTALENERGIES SE: TotalEnergies Joins Forces with China Three Gorges Corporation to Develop More than 11,000 High Power Charge Points for Electric Vehicles in Wuhan and Hubei Province
28 Septembre 2021 - 9:05AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and China Three
Gorges Corporation (CTG, through its two affiliates CTG Capital and
CTG Electric Energy) have signed an agreement to establish a Joint
Venture in electric mobility in China. This equally owned company
will develop Electric Vehicle (EV) high power charging
infrastructure and services within the Hubei Province, through the
installation and operation of more than 11,000 high power charge
points by 2025.
This JV will build on TotalEnergies' worldwide expertise in
electric mobility and CTG strong capability in green energy
production and supply. The two companies intend to develop
co-branded high power charging hubs and standalone stations, open
to the general public, equipped with 60 kW to 120 kW power charge
points and with an average hosting capacity ranging between 20 to
50 vehicles each. The partners will also build dedicated charging
stations on the premises of B2B customers, to meet their needs.
Finally, in line with the partners' respective ambitions to carbon
neutrality, the electricity used to power this new network will be
produced mostly from renewable sources.
The JV's growth perspectives are supported by China's ambition
to be carbon net neutral by 2060. In a context of a fast-growing
energy demand for mobility, the EV penetration rate is expected to
increase dramatically over the coming years, requiring a rapid
expansion of the existing fast-charging network.
"We share common and important visions with China Three Gorges
the ambition to reach carbon neutrality, the undeniable willingness
to push for renewable power and the enthusiasm to develop electric
mobility," declared Alexis Vovk, President Marketing & Services
at TotalEnergies. "Hubei province is a natural ground to launch
this cooperation, as both our companies are established there, and
to contribute to the development of sustainable mobility in China
and to accompany the ongoing growth of Electric Vehicles in the
country. This partnership with CTG opens new doors to TotalEnergies
for a long term and widened cooperation with a leader of China's
electric energy."
"We are very proud to work with the world leading energy group,
TotalEnergies, as we share the common mission of providing clean
energies to the world," said Dr Jin Heping, Chief Information
Officer of CTG Group, responsible for Technology and Innovation.
"New energy vehicles' charging is an important part of new
infrastructures' construction. It has a broad development prospect,
with a strong demand for technological iteration. There is such
demand for technological innovation in the fields of big data
platforms, equipment system integration and solar energy storage
and charging microgrids. Through the cooperation with
TotalEnergies, we would like to extend our upstream expertise in
clean power generation and power supply to the downstream retail
and mobility services business, while creating at the same time a
model of technological innovation in the field of new energy
vehicle charging. We are looking forward to learn from each other,
and to establish a long-term relationship with TotalEnergies in
other energy sectors in China and worldwide."
CTG Corporation, operator of the Three Gorges Dam, is China's
largest clean energy corporation and the world largest hydro-power
producer. It has developed more than 30 GW of hydro, wind and solar
power generation capacities in China and overseas -- namely in
Europe -- over the past five years. TotalEnergies has been present
in Wuhan and in Hubei province since 1995, notably through its
network of branded fuel service-stations, its lubricant business
and its affiliate Hutchinson.
With this announcement, TotalEnergies pursues its development in
electric mobility in major cities throughout the world, with a
large portfolio of EV charge points currently in operation or in
the process of being installed: Amsterdam and its region (22,000),
Antwerp (3,000), Paris (2,300), London (1,700). This is also the
second development in Asia in recent months, following the
acquisition of Singapore largest EV charge network (1,500) in July
2021.
***
About TotalEnergies
TotalEnergies is a broad energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 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
About China Three Gorges Corporation
China Three Gorges Project Corporation was founded on September
27, 2009. CTG positions itself as a clean energy group focusing on
large-scale hydropower development and operation, development of
wind power and solar energy among other renewable energies. By the
end of 2020, CTG's total installed capacity had reached 140 GW,
including already commissioned or under construction capacities and
those owned on a minority-equity basis. More specifically,
renewable clean energy accounts for 94.7% of the total mix. CTG's
overseas investment and contracting business has expanded to over
40 countries and regions in Europe, America, Africa and Southeast
Asia, with a total installed capacity over 17 GW. Overseas business
has offered a major impetus for the sustainable growth of CTG.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are
separate legal entities. TotalEnergies SE has no liability for
their acts or omissions. The terms "Company" or "TotalEnergies
company" refer collectively to the company TotalEnergies SE and the
companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present
communication. 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 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.
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0)207 719 7962 l
ir@totalenergies.com
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CONTACT:
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SOURCE: TotalEnergies SE
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