-- TotalEnergies (TTE) said Wednesday it signed an agreement with Dell Technologies (DELL) and Nvidia (NVDA) to design and install its next high-performance supercomputer, called Pangea 5, in southern France.
The hardware carries an investment of more than 100 million euros ($117 million) and will multiply the computing capacity of the company by six, expanding its seismic engineering capabilities, improving underground imaging, and accelerating exploration for lower-emission hydrocarbon production, the company said.
The new supercomputer will also support artificial intelligence research applications and optimize processing times for complex digital models, TotalEnergies said.
The company also said the new processors will cut energy consumption by around 40% while capturing residual heat to warm facility buildings when operations begin in 2027.
Shares of TotalEnergies were down 4.2%, while shares of Dell were up 2.8% in Wednesday premarket activity.