TotalEnergies accelerates gas-to-power strategy with $5.5 billion EPH deal
November 17, 2025
(World Oil) – TotalEnergies has signed a €5.1 billion ($5.5 billion) all-stock agreement to acquire a 50% stake in EPH’s flexible power generation platform, marking one of the company’s most significant moves yet to scale its gas-to-power integration strategy across Europe. The transaction creates a 50/50 joint venture holding more than 14 GW of flexible generation capacity — including gas-fired plants,
