STMicroelectronics and TotalEnergies Forge Historic PPA to Power Operations with 100% Renewable Energy in France

STMicroelectronics and TotalEnergies Forge Historic PPA to Power Operations with 100% Renewable Energy in France

(IN BRIEF) STMicroelectronics has signed its first physical Power Purchase Agreement (PPA) with TotalEnergies to secure renewable energy for its operations in France. The 15-year contract will deliver 1.5 TWh of clean power from two new wind and solar farms, supporting the company’s goal of sourcing 100% renewable energy by 2027. The agreement ensures a consistent supply of green electricity by stabilizing intermittent production, helping STMicroelectronics move closer to its carbon neutrality target. This deal follows TotalEnergies’ similar contracts with other major companies, emphasizing its commitment to providing tailored decarbonization solutions.

(PRESS RELEASE) PARIS/GENEVA, 29-Jan-2025 — /EuropaWire/ — In a significant move towards achieving its 100% renewable energy sourcing target by 2027, STMicroelectronics (NYSE: STM), a global leader in semiconductor manufacturing, has entered into its first-ever physical Power Purchase Agreement (PPA) in France. This 15-year deal with TotalEnergies will begin in January 2025, providing a total of 1.5 TWh of renewable electricity to STMicroelectronics’ sites across the country.

Under the terms of the agreement, TotalEnergies will supply STMicroelectronics with clean energy produced by two recently commissioned wind and solar farms with a combined capacity of 75 MW. The contract ensures a consistent supply of green electricity by stabilizing the intermittent production from these renewable sources, providing STMicroelectronics with a reliable “baseload” of energy. Notably, this is the first contract of its kind in France, marking a major milestone for both companies.

The environmental and community benefits of the wind and solar projects played a crucial role in securing this agreement. Sophie Chevalier, Senior Vice President of Flexible Power & Integration at TotalEnergies, commented: “We are thrilled to partner with STMicroelectronics on this innovative contract. It highlights our ability to deliver sustainable, long-term energy solutions that meet our customers’ unique needs. TotalEnergies is committed to supporting the decarbonization efforts of the tech industry, and this agreement is a testament to that commitment.”

Geoff West, EVP and Chief Procurement Officer at STMicroelectronics, emphasized the significance of this agreement in the company’s broader sustainability goals: “This PPA represents a major milestone in STMicroelectronics’ journey to becoming carbon neutral in our operations by 2027. It will significantly contribute to our objective of sourcing 100% renewable energy and will support our operations across France, including R&D, design, and large-scale chip manufacturing. We are proud to be working with TotalEnergies, and this agreement is part of a series of PPAs that will help us achieve our carbon neutrality targets.”

The PPA with STMicroelectronics follows similar agreements signed by TotalEnergies with major companies such as Saint-Gobain, Air Liquide, Amazon, and Merck. These agreements illustrate TotalEnergies’ continued commitment to offering tailored energy solutions that support global decarbonization efforts.

A physical PPA refers to a contract in which the renewable electricity and associated guarantees of origin are delivered directly to the customer, ensuring a tangible and reliable supply of green power.

For more information on this agreement and TotalEnergies’ energy solutions, please visit the company’s website.

About STMicroelectronics

At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 by 2027. Further information can be found at www.st.com.

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. By the end of 2024, TotalEnergies’ gross renewable electricity generation installed capacity reached over 24 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.

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.

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).

Media Contacts:

STMicroelectronics:

Media Relations:
Alexis Breton
Corporate External Communications
+33 6 59 16 79 08
alexis.breton@st.com

Investor Relations:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
+41 22 929 59 20
jerome.ramel@st.com

TotalEnergies:

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

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

SOURCE: TotalEnergies