AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
TotalEnergies Joins PJM Interconnection to Enhance U.S. Trading Arm
ByAinvest
Wednesday, Jul 9, 2025 12:37 pm ET1min read
TotalEnergies has joined PJM Interconnection, enabling its U.S. trading arm to engage in physical and financial transactions in the largest wholesale electricity market in North America. The PJM grid serves 65 million end-users across 13 states, offering advanced market tools and data. TotalEnergies can now optimize its energy portfolio and serve customers, having invested nearly $11 billion in the U.S. in the past three years.
TotalEnergies has become a member of PJM Interconnection, the largest wholesale electricity market in North America, enabling its U.S. trading arm to engage in both physical and financial product transactions. The PJM grid serves 65 million end-users across 13 states, offering advanced market tools and data. This membership allows TotalEnergies to optimize its energy portfolio and serve customers more effectively.TotalEnergies has invested nearly $11 billion in the U.S. over the past three years, focusing on oil, liquefied natural gas (LNG), and low-carbon electricity development. The company is the leading exporter of U.S. LNG, with over 10 million tons of output in 2024. Additionally, TotalEnergies has 10 GW of onshore utility-scale solar, wind, and battery storage installations either completed or under construction in the U.S.
In March 2025, S&P Global Ratings assigned an 'A+' issuer credit rating to TotalEnergies Holdings USA, with a stable outlook, reflecting the company's strong financial position. This membership in PJM Interconnection further underscores TotalEnergies' strategic moves in renewable energy and its ongoing operational adjustments.
References:
[1] https://www.investing.com/news/company-news/totalenergies-joins-pjm-interconnection-largest-us-power-grid-93CH-4128625
[2] https://finance.yahoo.com/news/totalenergies-joins-pjm-interconnection-largest-154200029.html
[3] https://www.prnewswire.com/news-releases/totalenergies-joins-pjm-interconnection-the-largest-power-grid-in-the-united-states-302501420.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet