On July 9, 2025, TotalEnergies announced its membership in PJM Interconnection, the largest power grid in the United States, serving 65 million consumers across 13 states in the northeastern and mid-Atlantic regions. This move will enable TotalEnergies’ U.S. commercial arm to engage in both physical and financial product transactions on the wholesale electricity market.
Access to PJM’s advanced tools
With this membership, TotalEnergies will now have access to PJM’s advanced tools and data, including real-time and day-ahead energy markets. The company will be able to optimise its energy portfolio from its Houston-based trading hub and offer greater flexibility to its customers in this strategic market.
Expansion of TotalEnergies in the United States
Since its entry into the United States in 1957, TotalEnergies has invested nearly $11 billion in the country over the past three years, aiming to accelerate its development in oil, liquefied natural gas (LNG), and low-carbon electricity. In 2024, the company exported over 10 million tons of LNG, consolidating its position as a leader in the U.S. market.
The United States, a strategic market for TotalEnergies
The United States is also a key market for TotalEnergies’ Integrated Power strategy, with nearly 10 GW of solar, wind, and battery storage projects already installed or under construction. In March 2025, S&P Global Ratings assigned TotalEnergies Holdings USA an ‘A+’ issuer credit rating with a stable outlook, reflecting the strong financial position of its subsidiary.