Joint Venture to Develop Hydrogen Stations for Heavy-Duty Vehicles on Major European Roads

Joint Venture to Develop Hydrogen Stations for Heavy-Duty Vehicles on Major European Roads

(IN BRIEF) TotalEnergies and Air Liquide are forming a joint venture to develop a network of hydrogen fueling stations for heavy-duty vehicles on major European roads. The two companies plan to deploy over 100 hydrogen stations across France, Benelux, and Germany in the coming years, located on key transportation corridors and carrying the TotalEnergies brand. The joint venture will provide access to hydrogen for goods transportation, promote the growth of the hydrogen sector, and support the decarbonization of road transportation in Europe. The companies are expected to launch the joint venture in 2023 subject to regulatory approvals.

(PRESS RELEASE) PARIS, 2-Feb-2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, and Air Liquide have joined forces to establish a 50/50 joint venture aimed at building a comprehensive network of hydrogen stations along major European roadways. The joint venture will provide access to hydrogen for the transportation of goods and advance the growth of the hydrogen industry.

With plans to deploy over 100 hydrogen stations across France, Benelux, and Germany, the stations will be positioned on key transportation corridors and carry the TotalEnergies brand. This partnership will position the companies as major players in hydrogen refueling solutions and support the decarbonization of road transportation in Europe.

TotalEnergies will bring its experience in managing station networks and supplying energy to business customers, while Air Liquide will provide its hydrogen technologies and complete value chain mastery. The joint venture, overseen by both TotalEnergies and Air Liquide, will invest, build, operate, and procure hydrogen from the market to offer to its transportation customers.

“Following the recent signature of a partnership for the production of renewable and low-carbon hydrogen on our Grandpuits Zero Crude Platform, we are pleased to once again join forces with Air Liquide and continue our common efforts to decarbonize mobility. As pioneers in hydrogen mobility, we are convinced of the necessity to start building now a heavy-duty network that will benefit our customers” says Thierry Pflimlin, President Marketing & Services, TotalEnergies. “This new partnership with Air Liquide will enable us to continue our development across the entire hydrogen value chain.”

Matthieu Giard, Vice President and Executive Committee Member of the Air Liquide Group, supervising the Hydrogen activities, underlines: “Hydrogen offers clear benefits for heavy duty mobility. To promote its widespread use, it is imperative to accelerate the development of refueling infrastructures and to offer vehicle manufacturers and transport operators a sufficiently dense network of stations. It is precisely the ambition of this joint venture, which will benefit from the complementary expertise of Air Liquide and TotalEnergies. As a leader for over 60 years and with unique know-how and technologies, Air Liquide is a major player to accelerate and scale up the development of hydrogen, a key element for the emergence of a low-carbon society.”

Subject to the conclusion of contract documentation and regulatory approvals, the joint venture is expected to launch in 2023.

About TotalEnergies

TotalEnergies is a global multi-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 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 Contacts

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

Air Liquide Contacts

• Corporate Communications: media@airliquide.com
• Investor Relations: IRTeam@airliquide.com

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. TotalEnergies SE has no liability for the acts or omissions of these 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 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).

SOURCE: TotalEnergies