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Biogas in France: TotalEnergies Starts Its 2nd Largest Unit in Normandy

1. TTE launches its 8th biomethane unit in France, boosting renewable energy. 2. The BioNorrois unit will provide 153 GWh annually, supporting local energy needs.

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Why Bullish?

The commissioning of the BioNorrois unit demonstrates TTE's commitment to renewable energy, which is increasingly important for investors. Similar past investments in renewable projects have resulted in positive stock performance for energy companies amidst a global shift towards sustainability.

How important is it?

The development of biomethane production signifies TTE's strategic shift that may lead to sustained revenue growth, aligning with trends in energy sustainability which is valued by market investors.

Why Long Term?

This initiative enhances TTE's portfolio in renewable energy, potentially scaling revenue. Over time, growth in green energy projects can significantly boost TTE's market position and investment appeal.

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PARIS--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the commissioning of BioNorrois, its 8th biomethane production unit1 in France, located in Fontaine-le-Dun (Normandy). It will inject 153 GWh of biomethane per year into the natural gas transport network operated by GRTgaz, equivalent to the average annual gas consumption of more than 30,000 inhabitants. The French sugar group Cristal Union, partner in the project and 10% shareholder, will provide beet pulp, residu.

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