TotalEnergies Inks 15-Year Solar Deal to Power Google's Ohio Data Hubs
The agreement marks a significant step in the French energy major's renewables pivot and supports Google's growing 'Silicon Heartland' operations.
TotalEnergies SE (TTE) has secured a long-term deal to supply renewable energy to Google's expanding data center operations in Ohio, a move that reinforces the French energy giant's strategic shift toward clean power and provides a stable, 15-year revenue stream.
The Power Purchase Agreement (PPA) will see TotalEnergies provide 1.5 terawatt-hours of certified renewable electricity annually from its Montpelier solar farm, which is nearing completion in Williams County, Ohio. The deal directly supports Google's multi-billion dollar investment in the state, which has become a critical hub for its cloud computing and AI infrastructure.
Shares of TotalEnergies rose in morning trading, climbing 1.6% to $63.96 as investors reacted to the deal. The agreement highlights the growing synergy between legacy energy firms and technology giants, who are among the world's largest electricity consumers and are under pressure to decarbonize their operations.
For TotalEnergies, the PPA is a tangible win for its integrated power strategy, which aims for 100 gigawatts of gross installed renewable generation capacity by 2030. "This agreement is a testament to the credibility of our strategy to offer renewable power to our customers," a company spokesperson noted in a related announcement. The company is developing a 10-gigawatt renewable portfolio in the U.S. alone, spanning solar, wind, and battery storage projects.
The deal comes shortly after TotalEnergies reported mixed third-quarter earnings, where it missed earnings-per-share estimates but beat on revenue, demonstrating resilience amid market challenges. The long-term, fixed-price nature of PPAs offers a valuable hedge against volatile commodity markets, a key priority as the company balances its legacy fossil fuel business with its green ambitions.
Google, for its part, has become a cornerstone of Ohio's burgeoning tech scene, often dubbed the 'Silicon Heartland.' The company has invested nearly $7 billion across its data center campuses in New Albany, Columbus, and Lancaster since 2019. These massive facilities power services like Google Cloud, Search, and YouTube, and their energy consumption is substantial.
The Montpelier solar project, set for commercial operation by the end of November 2025, has a capacity of 49.9 megawatts. By securing its output, Google moves closer to its ambitious goal of operating on 24/7 carbon-free energy by 2030.
This PPA exemplifies a broader industry trend where major corporations are directly contracting with renewable energy producers to meet sustainability targets and secure predictable energy costs. It also underscores the strategic evolution of companies like TotalEnergies, which are leveraging their deep expertise in large-scale energy project development to build a robust and profitable renewables business. While continuing to operate in traditional oil and gas—evidenced by a new offshore exploration license in Guyana secured just this week—the Google deal signals a clear and determined path toward a diversified energy future.