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TotalEnergies SE (NYSE:TTE) launched a New Battery Storage Project in Belgium.
The new project will be developed on the company’s depot site in Feluy, with a power rating of 25 MW and capacity of 75 MWh.
The company expects the start-up at the end of 2025. This project is similar to another project of the company in Belgium, and these two projects represent a global investment of around €70 million.
The projects will bring TotalEnergies’ storage capacity in Belgium to 50 MW / 150 MWh.
Read: TotalEnergies Sued By Belgian Farmer In A Landmark Case: Report
Last month, Total Energies disclosed the construction of a 31 MWp floating photovoltaic (PV) plant in Belgium.
Olivier Jouny, Senior Vice President, Integrated Power said, “We are pleased to announce this new storage project in Feluy, just a year after we began our Antwerp project, which should be operational by the end of the year. These projects are fully in line with our integrated development strategy for electricity, not just in Belgium, but globally.”
“These technical systems also confirm the European leadership of our affiliate specialized in battery production, Saft, and its industrial-scale stationary storage know-how.”
Price Action: TTE shares are down 0.08% at $71.64 premarket on the last check Wednesday.
Posted In: TTE
