TotalEnergies & EPH Join Forces in $6B Power Venture
Update: 2025-11-17
Description
TotalEnergies and Czech utility EPH form a $6 billion joint venture, expanding TotalEnergies power generation assets with EPHs gas, biomass plants, and batteries. EPH becomes TotalEnergies largest shareholder, holding a 4.1% stake. The deal aims to reach TotalEnergies 20 GW flexible generation capacity target, reducing risk and accelerating positive free cash flow for shareholders.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
