France: TotalEnergies Allocates €200 Million to Equip its Highway Service Stations with High-Power EV Charge Points

Rhea-AI Summary

TotalEnergies (Euronext Paris: TTE) plans to invest up to €200 million within a year to install high-power electric vehicle (EV) chargers at over 150 motorway and expressway service stations in France. The initiative aims to equip 60 stations by the end of 2021, expand to over 110 by 2022, and ultimately reach 200 by 2023. This move supports the growth of electric mobility and aligns with public authorities’ 100,000 Charge Points Plan. The investment is backed by revenues from TotalEnergies' oil and gas operations, showcasing their commitment to sustainable energy.

Positive

• Investment of up to €200 million for EV charging infrastructure enhances electric mobility.
• Plans to equip 200 service stations by 2023 align with government initiatives for charging points.
• Significant revenue from oil and gas operations supports this transformation.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) will allocate up to €200 million over a year to equip more than 150 of its motorway and expressway service stations with high-power charge points for electric vehicles.

This major investment is intended to support the growth of electric mobility in France:

• By end-2021, 60 motorway service stations will be equipped with high-power EV charge points (50 to 175 kW).

• By end-2022, more than 110 TotalEnergies motorway and expressway service stations will be equipped with high-power EV charging stations (175 kW charge points). In parallel, TotalEnergies will actively participate in the upcoming calls for tenders from the motorway operators.

• By 2023, TotalEnergies aims to have 200 service stations equipped with high-power EV charge points on these major roads, along with 100 additional stations in urban areas, notably in the form of high-power charging hubs. With these moves, TotalEnergies is reaffirming its ambition to offer to its customers a high-power charging station every 150 kilometers.

“Thanks to the revenue generated from our oil and gas businesses, we can massively invest in electric vehicles charging infrastructures and accelerate our transformation,” underlines Alexis Vovk, President Marketing & Services at TotalEnergies. “Our assertive positioning therefore supports the growth of electric mobility for long-distance travel. The installation of high-power EV charge points in our motorway and expressway service stations in France contributes to the public authorities’ 100,000 Charge Points Plan.”

This acceleration is a pillar of TotalEnergies’ strategy to be a key player in electric mobility in Europe, especially in France.

Since 2020, TotalEnergies pursues its development in world-class metropolitan areas, with a large portfolio of EV charge points in operation or under construction in Amsterdam and its Metropolitan Region (22,000), Antwerp (3,000), London (1,700), Paris (2,300), Singapore (1,500) and Wuhan (11,000).

High-Power Charging   High-power charging is a technology that allows to charge compatible electric vehicles at installations with a power supply above 50 kW.   Depending on the type of vehicle, high-power charging can deliver 100 kilometers of driving range in six minutes and bring the battery up to around 80% capacity in around 20 minutes, the average duration of most motorway stops for motorists.   TotalEnergies notably offers 175 kW high-power chargers and will be providing customers with chargers that have a power supply of up to 300 kW.

About TotalEnergies

TotalEnergies is a global multi-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, cleaner, more 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

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027006264/en/

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

Source: TOTALENERGIES SE

FAQ

What is TotalEnergies' investment plan for EV charging stations in France?

TotalEnergies plans to invest up to €200 million to install high-power EV chargers at over 150 service stations in France.

How many TotalEnergies service stations will have high-power EV chargers by 2023?

TotalEnergies aims to equip 200 service stations with high-power EV chargers by 2023.

What is the significance of TotalEnergies' EV charging initiative?

The initiative supports the growth of electric mobility and aligns with the French government's 100,000 Charge Points Plan.

What type of EV chargers will TotalEnergies install?

TotalEnergies will install high-power chargers ranging from 50 to 175 kW.

How is TotalEnergies funding its EV charging infrastructure investment?

The investment is funded by revenues generated from TotalEnergies' oil and gas businesses.