50/50 Joint Venture
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Newly formed, operational from April 29, 2026
Five months after announcing the deal, TotalEnergies and Czech billionaire Daniel Křetínský's EPH closed their flexible-power joint venture on April 29, 2026. The new company, TTEP, is headquartered in Amsterdam, controls 14 gigawatts of operating or under-construction capacity across Italy, the UK, Ireland, the Netherlands, and France, and instantly becomes the second-largest operator of on-demand backup power in Europe.
Updated 3 hours ago
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