TotalEnergies Launches New Battery Storage Project in Belgium

Rhea-AI Summary

TotalEnergies announces the development of a second battery storage project in Belgium, expanding its storage capacity to 50 MW / 150 MWh. The project in Feluy will have a power rating of 25 MW and capacity of 75 MWh, with a total investment of nearly €70 million. These projects aim to enhance grid flexibility, support renewable energy growth, and strengthen the electricity system's resilience.

Insights

Energy Sector Analyst

TotalEnergies' announcement of a second battery storage project in Belgium signifies a strategic move within the energy sector, particularly in the context of Europe's broader transition to renewable energy sources. The investment of €70 million into battery storage infrastructure is a substantial financial commitment that reflects the growing importance of energy storage solutions in managing the intermittency of renewable energy sources like wind and solar. With a combined storage capacity of 50 MW / 150 MWh upon completion, these projects will enhance grid stability and provide necessary backup to accommodate fluctuations in energy generation.

From an industry perspective, the increasing demand for large-scale battery storage systems is indicative of a shift towards more sustainable and resilient energy networks. This move by TotalEnergies aligns with the broader industry trends where major energy players are diversifying their portfolios to include renewable and low-carbon energy solutions. Investors may view this development as a positive indicator of TotalEnergies' commitment to long-term sustainability and its ability to adapt to the evolving energy landscape, potentially impacting the company's valuation and stock performance positively.

Renewable Energy Technology Expert

The technical aspects of TotalEnergies' battery storage projects, particularly the use of Saft's Intensium Max High Energy lithium-ion containers, are noteworthy for their potential to advance energy storage technology. Saft, a subsidiary of TotalEnergies, is a leader in high-performance battery solutions and their involvement suggests that TotalEnergies is not only investing in storage capacity but also in the development of cutting-edge technology.

For stakeholders in the renewable energy technology sector, this project represents a validation of lithium-ion as a viable solution for large-scale energy storage. The performance and reliability of these systems will be closely watched, as they could set a benchmark for future projects. The success of such storage solutions is critical for enabling the broader adoption of renewable energy, as they address the challenge of providing a stable power supply despite the variable nature of renewable sources.

Market Research Analyst

The expansion of TotalEnergies' battery storage capabilities in Belgium is a strategic decision that is likely to influence the competitive landscape of the energy market in the region. By increasing its storage capacity, TotalEnergies is positioning itself as a key player in the energy transition movement within Europe. The company's integrated approach, combining electricity production from various renewable sources with advanced storage systems, could serve as a model for other energy companies.

Market research indicates that the demand for renewable energy is on the rise, driven by consumer preferences, regulatory requirements and technological advancements. TotalEnergies' investment in energy storage and production aligns with these market trends and could potentially increase the company's market share in the electricity sector. For investors, the long-term benefits may include a stronger presence in a growing market segment and the potential for increased revenue from the company's diversified energy solutions.

ANTWERP, Belgium--(BUSINESS WIRE)-- Regulatory News:

On the occasion of Belgian Energy Minister Tinne Van der Straeten's visit to TotalEnergies' (Paris:TTE) (LSE:TTE) (NYSE:TTE) Antwerp refinery battery storage project, the Company announced the development in Belgium of a second similar project.

The new project will be developed on the site of TotalEnergies’ depot in Feluy. It will have a power rating of 25 MW and capacity of 75 MWh, thanks to the forty Intensium Max High Energy lithium-ion containers supplied by Saft. Start-up is expected at the end of 2025.

These two projects, which represent a global investment of nearly €70 million, will bring TotalEnergies' storage capacity in Belgium to 50 MW / 150 MWh.

These battery storage sites play a key role in the resilience of the electricity system, providing flexibility and helping solve grid congestion problems. They also encourage the growth of renewable energies in the country, which require solutions like these to compensate for their intermittency.

"We are pleased to announce this new storage project in Feluy, just a year after we began our Antwerp project, which should be operational by the end of the year. These projects are fully in line with our integrated development strategy for electricity, not just in Belgium, but globally," said Olivier Jouny, Senior Vice President, Integrated Power at TotalEnergies. "These technical systems also confirm the European leadership of our affiliate specialized in battery production, Saft, and its industrial-scale stationary storage know-how."

TotalEnergies and electricity in Belgium

In Belgium, TotalEnergies is a major player along the entire electricity value chain. As an electricity supplier, the Company has a portfolio of 900,000 customers.

As an electricity producer, TotalEnergies relies in particular on the Marchienne-au-Pont CCGT power plant (430 MW), the Plate-Taille hydroelectric storage (140 MW), and an offshore wind farm located in the Belgian North Sea (300 MW). TotalEnergies is also developing solar and onshore wind projects, with a portfolio of 300 MW.

In electric mobility, TotalEnergies already has more than 10,000 charging points in operation (35% on roads, 20% at private homes and 45% in offices) throughout the country. TotalEnergies operates recharging points in major cities such as Antwerp, Brussels and Ghent.

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About Saft
Saft specializes in advanced technology battery solutions for industry, from the design and development to the production, customization and service provision. For more than 100 years, Saft’s longer-lasting batteries and systems have provided critical safety applications, back-up power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly owned subsidiary of TotalEnergies, a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies l TotalEnergies l TotalEnergies l TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. 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. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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TotalEnergies Contacts

Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies SE

FAQ

What is the power rating and capacity of TotalEnergies' new battery storage project in Feluy, Belgium?

The new project will have a power rating of 25 MW and a capacity of 75 MWh.

When is the start-up of the Feluy project expected?

The start-up of the Feluy project is expected at the end of 2025.

How much is the total investment for the two battery storage projects in Belgium?

The total investment for the two projects is nearly €70 million.

What role do the battery storage sites play in the electricity system according to TotalEnergies?

The battery storage sites provide flexibility, help solve grid congestion problems, and support the growth of renewable energies.

What is TotalEnergies' portfolio in Belgium related to electricity production and supply?

TotalEnergies has a portfolio of 900,000 customers as an electricity supplier and relies on various power plants and renewable energy projects for electricity production.