TotalEnergies and EDF sign agreement for low-carbon electricity supply

Under this agreement, EDF will allocate to TotalEnergies a share of the output of its operating nuclear fleet. This allocation will enable TotalEnergies to cover around 60% of the electricity needs of its refining and chemicals sites in France, estimated at 400 MW.

This contract will allow TotalEnergies to benefit from the competitiveness of nuclear power generation, while enabling EDF to share the risks and costs associated with the variability of this production. EDF will remain solely responsible for the operation of its assets.

Patrick Pouyanné said: “I am delighted with this win-win agreement, the result of constructive dialogue with EDF, which will enable our electricity-intensive industrial sites in France to secure, over the long term, a significant share of their electricity supply with competitive low-carbon power.”

Bernard Fontana added: “I welcome this agreement with TotalEnergies, in the service of energy and industrial sovereignty. By guaranteeing the refining and chemicals activities concerned access to competitive, sovereign and low-carbon electricity, EDF provides them with the long-term visibility they need to ensure their sustainability.”

Read the article online at: https://www.hydrocarbonengineering.com/refining/31032026/totalenergies-and-edf-sign-agreement-for-low-carbon-electricity-supply/