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Mergers & AcquisitionsMediumUpdated•Originally published 29 April 2026•Updated 29 April 2026•

1 min read

TotalEnergies Finalizes 50% Acquisition of EPH Flexible Power Assets

Key Facts

1TotalEnergies completed the acquisition of a 50% stake in EPH's flexible power generation platform in Western Europe.

2The transaction led to the creation of TTEP, the second-largest flexgen player in Europe, headquartered in Amsterdam.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Confirmed that all regulatory and board approvals have been secured and added the original agreement date of November 16, 2025.

TotalEnergies has officially completed the acquisition of a 50% stake in EPH's flexible power generation platform across Western Europe, following approvals from all competent authorities and the boards of both companies. This strategic transaction, originally agreed upon on November 16, 2025, led to the formation of a new joint entity named TTEP, headquartered in Amsterdam. TTEP is now positioned as the second-largest flexible power generation player in Europe, significantly boosting TotalEnergies' market presence. The move is designed to strengthen the company's integrated power strategy and support grid stability amid the energy transition. By securing these assets, TotalEnergies enhances its ability to manage power supply fluctuations, although the specific financial terms remain undisclosed.