TotalEnergies selected for major renewable energy project in New York
- TotalEnergies wins a 25-year contract to supply 1.4 GW of renewable electricity to New York
- Attentive Energy One project selected by New York State
- Project aims to commission in 2029 and contribute to greenhouse gas emissions reduction targets
- Project will enable the construction of a new General Electric facility and unlock $300 million in investments in community-focused projects
- Ravenswood gas-fueled power plant to be transformed into a clean energy hub
- TotalEnergies aims to reach net zero by 2050 and expand power generation to more than 100 TWh by 2030
Factuality Level: 8
Justification: The article provides specific details about TotalEnergies and its partners being selected for a 25-year contract to supply renewable electricity in New York State. It mentions the local content of the proposal, the construction of a new General Electric facility, and the transformation of a gas-fueled power plant into a clean energy hub. The article also mentions the profitability of the project and the guaranteed level of revenue. Overall, the article provides factual information about the project and its implications.
Noise Level: 3
Justification: The article provides information about TotalEnergies and its partners winning a contract to supply renewable electricity in New York State. It includes details about the project, the local content requirements, and the benefits of the project. However, the article is primarily a press release and lacks in-depth analysis or critical questioning of the project or its implications. It also includes promotional language about TotalEnergies and its goals, which may be seen as biased.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to TotalEnergies and its partners, Corio Generation and Rise Light & Power. It discusses their selection by New York State for a 25-year contract to supply 1.4 GW of renewable electricity. The project involves the construction of a new General Electric facility and $300 million in investments in community-focused projects across New York State. It also mentions the profitability of the project through guaranteed revenue, tax credits, and access to the New York electricity grid.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not describe any extreme event. It focuses on the business partnership and contract awarded to TotalEnergies and its partners for a renewable energy project in New York State.
Public Companies: TotalEnergies (TTE)
Private Companies: Corio Generation, Rise Light & Power, General Electric
Key People: Vincent Stoquart (Senior Vice President Renewables at TotalEnergies)
TotalEnergies, along with partners Corio Generation and Rise Light & Power, has been awarded a 25-year contract by New York State to supply 1.4 GW of renewable electricity. The project, called Attentive Energy One, aims to commission in 2029 and will contribute to New York State’s greenhouse gas emissions reduction targets. The project will also have significant local benefits, including the construction of a new General Electric facility and $300 million in investments in community-focused projects. Additionally, the Ravenswood gas-fueled power plant will be transformed into a clean energy hub. TotalEnergies is committed to reaching net zero by 2050 and expanding its power generation to more than 100 TWh by 2030.
