TotalEnergies (TTEF) Stock: French Energy Company Signs Power Deal With Google

TLDR

• TotalEnergies signed a 15-year power purchase agreement with Google to supply 1.5 terawatt hours of renewable electricity from its Montpelier solar farm in Ohio
• The 49-megawatt solar facility is nearing completion and will be connected to the PJM grid system, the largest in the United States
• The agreement will help power Google’s data center operations in Ohio with certified renewable electricity
• TotalEnergies is deploying a 10-gigawatt portfolio across the United States including solar, wind and battery storage projects
• The deal supports TotalEnergies’ goal to achieve 12% profitability in the power sector and Google’s strategy to enable new carbon-free energy on grids where it operates

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TotalEnergies has locked in a deal with Google that could help reshape how the French energy company generates revenue. The 15-year power purchase agreement will supply Google with 1.5 terawatt hours of renewable electricity from the Montpelier solar farm in Ohio.

The timing couldn’t be better for TotalEnergies. The company has been working to diversify away from the volatile oil and gas markets. CEO Patrick Pouyanne mentioned at the ADIPEC conference in Abu Dhabi earlier this month that investing in electricity helps the company secure steadier revenue streams and avoid the boom-and-bust cycles typical of fossil fuels.

TotalEnergies SE, TTE

The Montpelier solar facility is almost ready to go. The 49-megawatt site will be connected to the PJM grid system. That’s the largest grid in the United States.

Google will use this power for its data center operations in Ohio. The tech giant has been pushing to enable new carbon-free energy on the grids where it operates.

For TotalEnergies, this is about more than just one solar farm. The company is deploying a 10-gigawatt portfolio across the United States. This includes onshore solar, wind and battery storage projects.

Meeting Tech Company Energy Demands

Stephane Michel, President of Gas, Renewables and Power at TotalEnergies, said the agreement shows the company’s ability to meet growing energy demands from major tech companies. The deal also contributes to TotalEnergies’ target of reaching 12% profitability in the power sector.

The PJM grid connection is strategic. TotalEnergies has 1 gigawatt of capacity in the PJM market. The company also has 4 gigawatts in the ERCOT market in Texas.

This isn’t TotalEnergies’ first rodeo with corporate power deals. The company recently signed a similar agreement with Data4. These partnerships are becoming a key part of the company’s renewable energy strategy.

Google gets certified renewable electricity from the deal. TotalEnergies gets a long-term revenue stream and a major tech company as a customer.

Growing Renewable Portfolio

The numbers tell the story of TotalEnergies’ renewable push. The company had more than 32 gigawatts of installed gross renewable generation capacity at the end of October.

That’s a lot of power. But TotalEnergies isn’t stopping there.

The company is targeting 35 gigawatts by the end of 2025. That’s just a few weeks away.

The Montpelier solar farm fits into this larger picture. Each new facility adds to TotalEnergies’ renewable capacity and helps attract corporate customers looking for clean energy.

Data centers need massive amounts of electricity. Google’s operations in Ohio are no exception. The 1.5 terawatt hours from the Montpelier farm will help keep those servers running on renewable power.

The 15-year term of the agreement provides stability for both companies. TotalEnergies knows where the power is going. Google knows where it’s coming from.

The deal was announced on November 12, 2025. The Montpelier solar farm is nearing completion and will be operational soon.

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