TotalEnergies has inaugurated its new start-up accelerator, named TotalEnergies On, and welcomed the first set of start-ups.
The CEO and Chairman of TotalEnergies, Patrick Pouyanné, welcomed the 10 electricity-oriented start-ups at an event at STATION F in Paris, which claims to be the world’s largest campus for start-ups. The campus’s founder, Xavier Niel, also attended the event.
While TotalEnergies, which was formerly known as Total, is traditionally an oil and gas producer, as well as a leading maker of industrial products like hydraulic oil and metalworking fluids, it also plans to be heavily invested in the energy transition. The aim of the new start-up accelerator is to help start-ups in the renewable energy and electricity sector to develop fresh solutions for enhancing value in the electricity supply chain, with them enjoying access to experts from within TotalEnergies.
Pouyanné said that new challenges had arisen from the energy transition and the huge ongoing expansion in renewable energy, as well as:
“The complex issue of integrating them into the electrical system. As a global multi-energy company that places the development of low-carbon electricity at the heart of its transition strategy, it is important for us to support start-ups that will make this energy transition faster and more efficient.”
STATION F Director Roxanne Varza also welcomed the 10 start-ups, pointing out that they had been selected based on the positive influence they could have on the issues facing society and the daily lives of people in areas like sustainable mobility and the management of electricity.