Press release

TotalEnergies and Saint-Gobain Sign a Major Renewable Electricity Supply Agreement in the USA

MALVERN, PA./Houston, October 25, 2022, TotalEnergies has signed a 10-year renewable electricity supply agreement (Power Purchase Agreement or PPA) with Saint-Gobain for the purchase of solar power for its 145 industrial sites in North America (United States and Canada).

Commenting on this agreement, Mark Rayfield, CEO of Saint-Gobain North America, said: “With this agreement, Saint-Gobain North America will dramatically reduce its CO2 emissions while sending a strong signal to the market that the manufacturing industry is ready to commit to green electricity. This renewable energy project is critical to meeting Saint-Gobain’s commitment to reduce scope 1 and 2 CO2 emissions by 33% by 2030 and to reach carbon neutrality by 2050.”

“We are excited to support Saint-Gobain and be a part of making their sustainable goals in North America a reality, and we look forward to continuing this mutual effort to decarbonize their energy supplies,” said Marc-Antoine Pignon, Managing Director, TotalEnergies Renewables USA. “Our ambition in the U.S. is to become a key partner for corporate players committed to achieving carbon neutrality by offering them innovative and cost-effective renewable solutions to decarbonize their electricity consumption.”

This 200 MW PPA is expected to offset Saint-Gobain’s North American CO2 emissions from electricity (scope 2 emissions) by 210,000 Metric Tons per year, a reduction of around 33%. The agreement is expected to start at the end of 2024.

This is the second PPA signed in North America by Saint-Gobain, the first one being a wind project in Blooming Grove, Illinois (United States). The two projects combined are expected to represent a 62% reduction in Saint-Gobain North America’s scope 2 emissions.

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.

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About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”

For more information about Saint-Gobain,
visit www.saint-gobain.com and follow us on Twitter @saintgobain

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).

Published on 25/10/2022
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