TotalEnergies has partnered with Tikehau Capital to create a joint investment platform dedicated to expanding urban electric vehicle (EV) charging infrastructure in Belgium and the Netherlands. The new platform will co-own public charging projects already under construction or operation in key cities such as Brussels, Antwerp, Amsterdam and Rotterdam, and will bid for upcoming municipal tenders. TotalEnergies will contribute its technical expertise in developing, operating and maintaining charging stations powered exclusively by certified renewable energy, while Tikehau Capital will provide investment capital and assume a share of development risks. The arrangement is designed to accelerate local EV adoption by ensuring efficient rollout and reliable operation of public chargers in densely populated areas.

With the combined operations, TotalEnergies currently manages over 9,500 charge points in Belgium—making it the country’s leading public provider—and operates 18,000 in the Netherlands, ranking among the top three. The joint platform is expected to add at least 3,000 additional urban chargers over the next two years, representing a potential 15% uplift in TotalEnergies’ existing network. This expansion addresses rising city-center EV ownership, which grew by 35% year-on-year in Brussels and 28% in Amsterdam during the last 12 months, according to regional transport authorities. Investors should note that urban charging demand typically commands higher usage rates and tariffs than highway stations, enhancing revenue visibility for the platform.

In parallel with its EV charging push, TotalEnergies has reinforced its upstream and liquefied natural gas (LNG) portfolio through three key deals in recent weeks. In February, the company signed a Memorandum of Understanding with Kuwait Oil Company to collaborate on new exploration studies. Last week, it assumed operatorship of Petroleum Exploration License 83 in Namibia’s Orange Basin, partnering with Galp and local authorities. It also confirmed the full restart of its Mozambique LNG project, which is now 40% complete and expected to deliver first LNG cargoes by 2029. Together, these initiatives diversify TotalEnergies’ cash-flow profile and support its stated aim of balancing fossil fuel investments with low-carbon infrastructure, offering investors a multi-vector energy strategy.