Air Products' stock saw a 3.5% increase in Friday's trading following the announcement of a 15-year agreement to supply 70,000 tons per year of green hydrogen to TotalEnergies' northern European refineries from 2030 onwards. TotalEnergies stated that this agreement marks the initial step towards their target of reducing net greenhouse gas emissions from their oil and gas operations by 40% by 2030, compared to 2015 levels. Air Products has dedicated over $15 billion to large-scale energy transition and low carbon hydrogen projects globally. Seifi Ghasemi, Air Products' Chairman, President, and CEO, expressed confidence in their long-term strategy being validated by this deal, emphasizing the expected demand for clean hydrogen at commercial scale. Apart from the hydrogen supply deal, the companies also entered a power purchase agreement, with TotalEnergies set to procure 150 MW of solar power from Air Products' Texas project. Additionally, they have plans to jointly explore further power purchase agreement opportunities in the U.K., Poland, and France.