We Transform to Reinvent Energy
Energy is life. Energy is also at the heart of one of the most daunting challenges of the 21st century: to produce clean energy for a rapidly growing population. By 2050, the energy industry will need to generate power for more than 10 billion people.
With that in mind, TotalEnergies’ ambition is to become a world-class player in the energy transition. In addition to that, we want to achieve net carbon neutrality by 2050, together with society. In pursuing this, TotalEnergies is committed to reinvent energy, and this starts from the Company’s profound transformation of its production and sales while continuing to meet the energy needs of the world.
In carrying out energy transition, TotalEnergies is developing an integrated approach to decarbonize its supply and generate a competitive advantage that will create long-term value. This approach entails a wide range of energies:
New carbon-free molecules
The production of biofuels and biogas, clean hydrogen, and synthetic fuels that combine hydrogen and carbon are all within TotalEnergies’ expertise. We are moving towards these markets with a focus on circular resource management.
Electrification of energy use
The electrification of energy requires a massive increase in the supply of green electrons. TotalEnergies is working across the entire renewable electricity chain from production, storage, to sales with a selective and profitable approach. Our goal is to rank among the top five global producers of solar and wind electricity by 2030.
Gas as transition fuel
Liquefied Natural Gas (LNG) is the ideal complement for intermittent renewable energies. For this reason, LNG is a core component of numerous coal-consuming countries’ net zero roadmaps. TotalEnergies is pursuing gas development in the LNG value chain with a vision of becoming the world’s third largest LNG company.
TotalEnergies is highly selective and focuses its investments to areas with low breakeven and low emissions projects.
TotalEnergies’ integrated approach, together with the Company’s financial robustness, are the engine that we need to be a major producer of sustainable energy that the world needs.