TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

(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, 12-Dec-2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, is accelerating its expansion in the electricity sector by acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These startups have demonstrated successful collaborations during their program participation, leading to acquisition negotiations.

1. Dsflow: This acquisition will enable TotalEnergies to offer a Software-as-a-Service (SaaS) solution to its multi-site, electricity-intensive B2B customers. The solution will allow real-time asset management and optimization of procurement strategies.
2. NASH Renewables: TotalEnergies will integrate NASH Renewables’ software platform to enhance the design and operational parameters of its renewable projects. The platform considers geographical specifics to improve profitability, aligning with TotalEnergies’ target of achieving a 12% Return on Average Capital Employed (ROACE) by 2028 in the renewable energy segment.
3. Predictive Layer: TotalEnergies aims to enhance its trading operations by internalizing Predictive Layer’s machine learning and artificial intelligence solutions. These solutions focus on energy price forecasting in physical and derivatives markets and offer tailored forecasting models for demand, supply, production, and non-commodity trading.

Additionally, TotalEnergies will acquire a 56% stake in Time2plug, a startup facilitating the deployment of electric vehicle (EV) charging points in France for small B2B customers. Time2plug offers a marketplace for instant quotes and access to a certified in-house installer network, streamlining the EV charging point installation process.

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, has supported 19 startups across two six-month sessions, with a third cohort currently underway. These startups are developing digital solutions related to electricity, including renewable production, storage, distributed electricity management, trading, retail, and electric mobility. The program’s fourth session is set to commence in April 2024, with interested companies invited to apply before January 26, 2024, on the program’s website.

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more durable, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts

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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

SOURCE: TotalEnergies