TotalEnergies acquired three electricity business startups, took controlling interest in another company and signed commercial contracts with 10 others. (Source: Shutterstock)
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.”
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