TotalEnergies acquires Predictive Layer

TotalEnergies will provide 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 modelling of demand, supply, production, or non-commodity trading.

Operating from Rolle in the Canton de Vaud, Predictive Layer provides a robust decisioning platform to support product and services demand based on its innovative time series algorithms. The startup led by Serge Rigori is among the three startups acquired following TotalEnergies On acceleration program.

" 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.”

Since its launch in May 2022, TotalEnergies On has already supported 19 start-ups during two 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.

(PR - ES)
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