TotalEnergies (TTE) Expands EV Charging Network in Belgium and Netherlands
TotalEnergies SE (NYSE:TTE) ranks among the best undervalued European stocks to buy now. TotalEnergies SE (NYSE:TTE) has been on a spree of partnerships and collaborations of late. The company, in collaboration with Tikehau Capital, announced on February 4 the launch of an equally-owned shared investment platform to build charging stations for electric vehicles in Belgium and the Netherlands. The partnership will be centered on developing charging infrastructure in crowded public places across both nations, assisting local authorities with their electric vehicle transition, while boosting TotalEnergies’ presence in the Benelux region.
Moreover, TotalEnergies SE (NYSE:TTE) announced on January 22 that it would supply paper maker SWM with 800 gigawatt-hours of renewable energy over a 10-year term. The arrangement would supply power to SWM’s three French facilities from TotalEnergies’ existing renewable production assets in France, totaling about 50 megawatts.
TotalEnergies SE (NYSE:TTE) is a global multi-energy company that produces and markets oil, biofuels, natural gas, renewables, and electricity.
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Disclosure: None. This article is originally published at Insider Monkey.
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