(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable energy projects. The acquired startups include Dsflow, which offers a Software-as-a-Service (SaaS) solution for real-time asset management and procurement strategy optimization; NASH Renewables, whose software platform optimizes renewable project design; and Predictive Layer, providing machine learning and AI solutions for energy price forecasting and demand modeling. TotalEnergies is also taking a 56% stake in Time2plug, a startup facilitating EV charging point deployment in France for small B2B customers. Additionally, the company has signed commercial contracts with ten other startups from its acceleration program. The TotalEnergies On program supports startups in the electricity sector and has already assisted 19 startups across two sessions, with a third cohort underway.
(PRESS RELEASE) PARIS, December 12, 2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with more than 100,000 employees and operations in more than 130 countries, as well as the world’s third-largest manufacturer of low-energy energy. LNG Carbon, a carbon-based LNG company, is accelerating its progression in the electric power sector by acquiring 3 startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These startups have demonstrated success in their collaborations participating in the program, which led to acquisition negotiations.
In addition, TotalEnergies will get a 56% stake in Time2plug, a startup that facilitates the deployment of electric vehicle (EV) charging stations in France for small B2B customers. Time2plug offers a marketplace for instant quotes and a network of qualified in-house installers. , speeding up the procedure for installing electric vehicle charging points.
TotalEnergies has also entered into commercial contracts with ten other startups that participated in the acceleration program to continue benefiting from their innovative solutions.
Stéphane Michel, President of Gas Renewables & Power at TotalEnergies, expressed excitement about the acquisitions and partnerships, ” We are delighted with the acquisition of Dsflow, Nash Renewables and Predictive Layer, and we welcome their teams to TotalEnergies. We are also pleased with our partnership with Time2plug. All these solutions will enable us to improve our B2B offers; the development of our renewable projects; our market analyses; and the deployment of EV charging points. These operations testify to the effectiveness of our “TotalEnergies On” acceleration program, which enables us to identify, accelerate and, for the most relevant, forge partnerships with promising start-ups.”
The TotalEnergies On program, launched in May 2022, supported 19 start-ups during two six-month consultations, with a third cohort recently launched. These startups are providing virtual answers similar to electric power, adding renewable generation, storage, and distributed electric power. management, trade, retail and electric mobility. The program’s fourth consultation is expected to begin in April 2024, and interested corporations are invited to apply by January 26, 2024, on the program’s website.
TotalEnergy & Electricity
As part of its ambition to achieve net-zero emissions by 2050, TotalEnergies is building a competitively priced, world-class portfolio that combines renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to generate blank and corporate power. to your customers. At the end of 2023, TotalEnergies’ gross installed renewable power generation capacity is 22 GW. TotalEnergies will continue to expand this activity to reach 35 GW by 2025 and more than one hundred TWh of net electricity production by 2030.
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