The CEO of the French energy giant, Patrick Pouyanné, claimed the company will make a “wonderful statement” on hydrogen in the coming weeks.
TotalEnergies, a big hydrogen player on the horizon? “Of course, we believe in hydrogen,” said Patrick Pouyanné, CEO of the energy firm, on the set of BFM Business on Tuesday morning. The management argued that the hydrogen industry was “less developed” than that of renewable energies, but promised that the business will make a “great statement” on the issue that “would surprise.”
“I can’t say anything right now because it’s a business secret,” Patrick Pouyanne said, “but it’ll be out in the next few weeks, and you’ll see that when TotalEnergies does something, it’s not tiny.”
Clearway Energy was purchased
Beyond gas and oil, the French behemoth continues to diversify. The firm revealed last Wednesday that it had bought 50% of the American renewable energy producer Clearway Energy Group from the Global Infrastructure Partners (GIP) fund, making it the sixth participant in renewable energy across the Atlantic. We must also add 50 percent minus one stake in SunPower, TotalEnergies’ American company that specializes in residential solar electricity, to the purchase, which totals 1.5 billion euros.
According to Patrick Pouyanné, this investment “will allow us to position ourselves as an important and substantial participant in the American renewables sector, which is the world’s second-biggest market.” “It’s another step,” he continued, “and it demonstrates that appetite is linked to eating: we said we’d speed up the changeover […], and that’s the proof.”
With the purchase of Clearway Energy, the company now has a portfolio of 25 gigawatts of renewable energy in the United States. The corporation has set a goal of having 100 gigawatts of renewable energy production capacity by 2030, but Patrick Pouyanné stated that “in my opinion, it will be more than 100 [gigawatts]” by that time.
