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TotalEnergies Acquires Kyon Energy, a Leading German Battery Storage Developer
As part of its development as an integrated power player in Germany, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to acquire from its three founders the entire share capital of Kyon Energy, one of the leading developers of battery storage systems in the country. The consideration consists of a €90 million upfront payment, plus some earn out payments linked to the achievement of development targets.
Decarbonizing Heavy Industry: TotalEnergies and Holcim Join Forces to Study Solutions for First Carbon-Free Cement Plant in Belgium
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Holcim in Belgium have signed a Memorandum of Understanding (MoU) to work together on the full decarbonization of a cement production facility being upgraded by Holcim in Obourg, Belgium. Various energies and technologies will be assessed for the efficient capture, utilization, and sequestration (CCUS) of around 1.3 million metric tons of CO2 emitted by the facility every year.