TotalEnergies Doubles Down on Clean Power With Major Airbus Supply Deal
Market Intelligence Analysis
AI-PoweredTotalEnergies has signed a major supply deal with Airbus to provide clean power to their German and UK sites, doubling down on its clean energy strategy and Integrated Power business.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
TotalEnergies has signed two clean firm power contracts to supply 3.3 terawatt-hours (TWh) to all major sites of aircraft manufacturer Airbus in Germany and the United Kingdom, the French supermajor said on Thursday as it continues to boost its integrated power portfolio with renewable electricity. Unlike other European majors such as BP and Shell, which have outright reduced spending on renewables, TotalEnergies is betting big on its Integrated Power business and has a strategy to reach a 12% profitability target for the division.…
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