TotalEnergies and EPH form joint venture for flexible power generation

TotalEnergies and EPH signed binding contracts to establish a 50/50 joint venture dedicated to flexible power generation in Italy, the Netherlands, the UK, Ireland, and possibly France. EPH will contribute assets and receive a 4.1% equity stake in TotalEnergies, implying a €10.6 billion enterprise value.

“TotalEnergies and EPH establish a joint venture to operate and develop flexible power generation assets in selected European countries.”epgroup.eu

• 1 source
• epgroup.euTotalEnergies and EPH establish a joint venture to operate and develop flexible power generation assets in selected European countries. EPH to become with 4.1% one of the largest shareholders of TotalEnergies. | EP GroupNov 17, 2025

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