TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), a Paris, France-based multi-energy company, acquired three startups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris.
The acquired companies are:
- Dsflow, which will enable TotalEnergies to provide its 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, whose software platform developed to optimize the design and operating parameters of its renewable projects will be integrated within TotalEnergies.
- Predictive Layer, which will improve the performance of TotalEnergies’ trading operations by internalizing the startup’s machine learning and artificial intelligence solutions, which focus on energy price forecasting on both physical and derivatives markets.
In addition, Time2plug (TotalEnergies acquired a 56% stake in the company) will facilitate and accelerate the deployment of EV charging points in France for its small B2B customers, thanks to its marketplace where customers can obtain instant quotes and tap into a certified in-house installer network in an efficient way thanks to the digitization of the entire process.
Since its launch in May 2022, TotalEnergies On has already supported 19 startups during 2 six-month sessions, and the program is currently welcoming its third cohort, composed of ten participants.
TotalEnergies is a multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Its 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, it puts sustainable development in its dimensions and at the heart of its projects and operations.
VCWire
13/12/2023