on STMICROELECTRONICS (EPA:STM)
STMicroelectronics and TotalEnergies commit to renewable energy
STMicroelectronics, a major semiconductor player, and TotalEnergies have signed a historic contract in France. This renewable electricity purchase agreement, covering 1.5 TWh over 15 years, marks STMicroelectronics' first commitment to a 100% renewable energy supply, with a target of 2027.
The energy will come from two recently inaugurated solar and wind farms operated by TotalEnergies. With a total capacity of 75 MW, they will guarantee a continuous energy flow, despite their intermittent production. This is a significant step forward for STMicroelectronics' operations in France, including R&D and integrated circuit manufacturing.
Both companies see this agreement as a key step towards their carbon reduction objectives. TotalEnergies is thus strengthening its role as a partner in the energy transition of industrialists, while moving towards its own carbon neutrality set for 2050.
R. E.
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