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. TTEP, headquartered in Amsterdam, controls 14 gigawatts of operating or under-construction capacity across Italy, the UK, Ireland, the Netherlands, and France — Europe's second-largest on-demand backup power operator.
Updated May 31
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