TotalEnergies Bolsters Electricity Business with Innovative Start-up Acquisitions
TotalEnergies, a global energy company, has acquired three start-ups from its TotalEnergies On acceleration program to advance its presence in the electricity sector. These acquisitions highlight the success of collaborations and tests conducted during the start-ups’ participation in the program based at STATION F in Paris.
Enhancing Business Offerings through Strategic Integrations
The acquisition of Dsflow enables TotalEnergies to offer a Software-as-a-Service (SaaS) solution for its multi-site, electricity-intensive B2B customers, allowing real-time asset management and procurement strategy optimization.
TotalEnergies integrates NASH Renewables’ software platform to enhance the design and operating parameters of its renewable projects. The platform’s design-to-value approach factors in geographical specificities, improving project profitability and contributing to the company’s 12% Return on Average Capital Employed (ROACE) target by 2028.
Internalizing Predictive Layer’s machine learning and artificial intelligence solutions will enhance the performance of TotalEnergies’ trading operations, focusing on energy price forecasting and custom forecast modeling.
TotalEnergies Invests in EV Charging Deployment and Ongoing Partnerships
TotalEnergies takes control of Time2plug, aiming to accelerate the deployment of electric vehicle (EV) charging points in France for small B2B customers. This strategic move includes a 56% stake and leverages Time2plug’s efficient marketplace for instant quotes and a certified in-house installer network.
The company has also signed commercial contracts with ten other start-ups from its acceleration program, ensuring continued access to innovative solutions.
Stéphane Michel, President of Gas Renewables & Power at TotalEnergies, expressed satisfaction with the acquisitions and partnerships, emphasizing the effectiveness of the TotalEnergies On acceleration program.
TotalEnergies On Acceleration Program: A Driving Force for Innovation
Launched in May 2022, the TotalEnergies On acceleration program has supported 19 start-ups across two sessions. The current third cohort, focusing on digital solutions in electricity, includes ten participants. The fourth session is set to commence in April 2024, inviting interested companies to submit applications by January 26, 2024.
TotalEnergies’ Vision for a Sustainable Electricity Future
As part of its commitment to achieving net zero by 2050, TotalEnergies is strategically building a competitive portfolio with renewables and flexible assets. With a gross renewable electricity generation installed capacity of 22 GW at the end of 2023, the company aims to expand to 35 GW by 2025 and achieve over 100 TWh of net electricity production by 2030.
Source：businesswire.com
