TotalEnergies had acquired three startups as the Paris-based company looks to accelerate its electricity business.
The businesses were part of the “TotalEnergies On” acceleration program based at STATION F, a startup campus in Paris.
TotalEnergies said it acquired:
- Dsflow, which adds multi-site, electricity-intensive B2B customers with an innovative Software-as-a-Service solution (SaaS) to pilot their asset in real time and optimize their procurement strategy;
- NASH Renewables, a software platform developed to optimize the design and operating parameters of TotalEnergies renewable projects. TotalEnergies said the acquisition will contribute to its profitability target of 12% return on average capital employed; and
- Predictive Layer, a machine learning and artificial intelligence solutions provided, which focuses on energy price forecasting on both physical and derivatives markets, as well as other tailor-made forecast modeling of demand, supply, production or non-commodity trading.
TotalEnergies will also take a controlled interested (56%) in Time2plug “to facilitate and accelerate” the deployment of EV charging points in France for its small B2B customers. Time2plug’s marketplace can offer customers instant quotes and tap into a certified in-house installer networ.
TotalEnergies said it has also signed commercial contracts with 10 other startups that took part in the acceleration program to continue to benefit from their innovations.
"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,” said Stéphane Michel, president of Gas Renewables & Power at TotalEnergies. “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.”
Recommended Reading
Could UpCurve Be an M&A Target in Delaware Inventory Scramble?
2024-08-28 - On a shrinking list of private equity-backed Delaware Basin operators, UpCurve Energy’s CEO told Hart Energy there’s a “reasonable chance” the company’s Reeves County, Texas, assets will be sold off.
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
2024-09-05 - Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel
2024-09-18 - International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.
Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
2024-08-19 - Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge
2024-10-11 - With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.