REG-TotalEnergies SE TotalEnergies Acquires 3 Start-ups in the Electricity Business

TotalEnergies SEAnnouncement

12/12/2023 08:15

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TotalEnergies Acquires 3 Start-ups in the Electricity Business

 

To contribute to the acceleration of its development in the electricity
business, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) acquires three
start-ups that have benefited from its TotalEnergies On acceleration program
based at STATION F in Paris. The success of the collaborations and tests
carried out during their participation in the program has led TotalEnergies to
negotiate their acquisition and integration into its business units which with
they collaborated.

With the acquisition of Dsflow, TotalEnergies will 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.

TotalEnergies has also decided to integrate the software platform developed by
NASH Renewables to optimize the design and operating parameters of its
renewable projects, with a design-to-value approach. By factoring in the
impact of the sites' geographical specificities on the captured market prices,
this platform will enable TotalEnergies to improve their profitability, thus
contributing positively to our profitability target of 12 % ROACE by 2028 for
this business segment.

TotalEnergies will improve the performance of its trading operations by
internalizing Predictive Layer's machine learning and artificial intelligence
solutions, 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 is also taking control of Time2plug (with a 56% stake) to
facilitate and accelerate the deployment of EV charging points in France for
its small B2B customers, notably thanks to the start-up's marketplace where
customers can obtain instant quotes and tap into a certified in-house
installer network in a highly efficient way thanks to the digitization of the
entire process.

TotalEnergies has also signed commercial contracts with ten other start-ups
who 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, 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.”

Since its launch in May 2022, TotalEnergies On has already supported 19
start-ups during 2 six-month sessions, and the program is currently welcoming
its third cohort, composed of ten participants. They are all working on
digital solutions relating to electricity: renewable production; storage;
distributed electricity management; trading; retail; and electric mobility.
The fourth session will begin in April 2024: interested companies can submit
an application before January 26, 2024, on our website at
https://accelerator.totalenergies.com
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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.

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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.
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 Universal 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).

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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