TotalEnergies Joins Tikehau to Boost Urban EV Charging In Benelux

TotalEnergies (NYSE:TTE) on Wednesday disclosed a joint investment platform with Tikehau Capital aimed at expanding electric vehicle charging infrastructure in urban public areas across Belgium and the Netherlands.

The partnership will assist municipalities in the EV transition while strengthening TotalEnergies' role as a key public charging provider in the Benelux region.

The platform, owned by both companies, aims to advance public charging projects already under construction or operation in key Belgian and Dutch cities and to participate in new tenders expanding urban EV charging infrastructure in both countries.

TotalEnergies will provide its expertise to develop, operate, and maintain charging stations powered entirely by certified renewable energy, while leveraging Tikehau Capital's investment and risk-sharing to strengthen its electric mobility business model.

Currently, TotalEnergies operates over 9,500 charge points in Belgium, making it the market leader, and 18,000 in the Netherlands, placing it among the country's top providers.

Emmanuel Laillier, Chief Investment Officer of Private Equity at Tikehau Capital stated, "Partnering with TotalEnergies to develop the public charging networks in Belgium and the Netherlands fully reflects our policy of investing in infrastructure that drives the energy transition forward. The joint platform will facilitate access to efficient, sustainable charging solutions, helping take carbon out of the transport sector,"

Recent Deals

In February, TotalEnergies inked a Memorandum of Understanding (MoU) with Kuwait Oil Company (KOC) to enhance collaboration, share expertise, and conduct technical studies.

Last week, TotalEnergies, along with Paula Amorim, Chairman of Galp, disclosed that it will take over operatorship of Petroleum Exploration License 83 in Namibia's Orange Basin.

Also, TotalEnergies disclosed the full restart of Mozambique LNG project activities. The project is 40% complete, and the first LNG is expected in 2029, with nearly all engineering and main equipment procurement completed during the Force Majeure period.

TotalEnergies plans to release fourth-quarter earnings on February 11.

Price Action: TTE shares are trading lower by 0.55% at $73.91 premarket at the last check on Wednesday.

Photo by Vytautas Kielaitis via Shutterstock