TotalEnergies Energy Outlook 2022
A decisive decade for the energy system
Investment to double by 2030; supportive public policies required
Investments in Oil & Gas and Low-carbon Power
G$22 per year
3 000
2 000
1.000
Electricity networks
Low-carbon power
(Solar, Wind, ESS*
and Electrolysers)
TotalEnergies
Global land required in 2050 (solar + onshore wind)
km
-500 000 - 900 000 km²
→ Onshore wind (~ 5 500 GW): 300 000 - 600 000 km
→ Solar PV (~15 000 GW): 200 000 - 300 000 km
Not an issue at a global scale
2050; % of total land surface
~40%
Oil & Gas
2015
2020
2030
2040
2050
<1%
Low-density vegetation
Land for REN
Investment in new Oil & Gas developments are required until at least the mid
2030s, complementing maintenance spending to satisfy customer demand
With energy-storage systems requirement and electrolyser deployment, low-
carbon power investment is estimated to double by 2030 and to triple by 2050
Electricity networks investment to become as large as in low-carbon power
Two distinct realities:
•
•
Land-rich countries (e.g. US, China): challenge may be very long-
distances to the demand centers
Land-constrained countries (e.g. Europe): strong public support or
even mandates required
35 TotalEnergies Energy Outlook 2022
*
Energy-Storage Systems
RuptureView entire presentation