TotalEnergies and EPH Form Europe’s Second-Largest Flexible Power Producer

The latest announcement is out from TotalEnergies SE ( (FR:TTE) ).

TotalEnergies has completed the acquisition of 50% of EPH’s flexible power generation platform in Western Europe, creating TTEP, the second-largest flexible generation player in Europe, headquartered in Amsterdam. TTEP controls 14 GW of flexible natural gas, biomass and battery storage assets in Italy, the UK, Ireland, the Netherlands and France, which produced nearly 30 TWh of electricity in 2025.

Both partners have signed tolling contracts with TTEP, enabling them to market their respective shares of output while using the new company as their preferred vehicle to expand flexible generation and large-scale storage, backed by a 5 GW project pipeline. The deal, effective April 29, 2026, also makes EPH a major shareholder in TotalEnergies through the issuance of about 95.4 million new shares, reinforcing strategic alignment between the two groups in Europe’s evolving power markets.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company active in oil and biofuels, natural gas, biogas, low‑carbon hydrogen, renewables and electricity. With more than 100,000 employees in around 120 countries, it focuses on delivering reliable, affordable and more sustainable energy, embedding sustainability across its strategy, projects and operations.

For detailed information about TTE stock, go to TipRanks’ Stock Analysis page.