# 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.

- Type: Acquisition
- Announced: 2025-11-17
- Value: $11.5B (10.6B EUR)
- Status: announced
- Products: flexible power generation, gas-fired power, battery energy storage, biomass
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TotalEnergies](https://endata.com/companies/9252.md) (partner)
- [Energetický a průmyslový holding](https://endata.com/companies/38988.md) (partner)

## Sources

- [epgroup.eu](https://epgroup.eu/en/press-releases/totalenergies-and-eph-establish-a-joint-venture), 2025-11-17: "TotalEnergies and EPH establish a joint venture to operate and develop flexible power generation assets in selected European countries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.