TotalEnergies SE has signed a 12-year agreement to purchase nuclear power from Electricite de France SA to supply its French refineries and chemical sites. This marks a significant step in TotalEnergies' strategy to diversify beyond oil and gas into electricity generation. The deal represents a long-term commitment to nuclear energy as a reliable power source for industrial operations.

As one of Europe's largest oil majors, TotalEnergies has been actively expanding its electricity portfolio through investments in renewable energy and gas-fired power plants. The partnership with EDF, France's state-owned utility and nuclear power leader, provides TotalEnergies with stable, low-carbon energy for its industrial facilities. Nuclear power offers consistent baseload electricity that complements the company's growing renewable energy assets.

The agreement underscores the growing convergence between traditional energy companies and electricity providers as the energy transition accelerates. For TotalEnergies, securing nuclear power supply helps reduce carbon emissions from its French operations while providing cost predictability for energy-intensive refining and chemical processes. The deal also strengthens ties between two of France's energy giants as they navigate the evolving energy landscape.