TotalEnergies Ventures

TotalEnergies is a leading global energy company with operations in over 130 countries, employing around 93,000 people across various sectors, including oil and gas exploration, refining, marketing, and chemicals. The company is committed to providing reliable energy while actively transitioning towards a sustainable future. TotalEnergies has a strong focus on research and development in renewable energy, particularly in solar and biofuels, and has established joint ventures to enhance its capabilities in photovoltaic technology. The company's venture capital arm, TotalEnergies Ventures, was founded in 2008 and seeks to invest in innovative startups that align with its vision of a low-carbon future. Areas of interest for TotalEnergies Ventures include renewables, distributed energy, new mobility, energy storage, circular economy solutions, and carbon capture technologies. Through these initiatives, TotalEnergies aims to diversify its energy offerings and contribute to the global transition to sustainable energy sources.

Edouard Bulteau

Principal

Ugo Catry

Principal

Cindi Choi

Managing Director

Xin Ma

Managing Director, Asia

Nadkarni, Girish Vishwanath

President

Florian Temime

VC Principal - Impact and Climate

Ademidun Edosomwan

Managing Director, Emerging Markets

Past deals in Solar Energy

Waste2light

Grant in 2024
We design and manufacture 3D-printed wind- Solar turbines, specifically tailored for off-grid rural communities, estates, and industrial areas in Nigeria. By using recycled materials, we create cost-efficient and environmentally sustainable energy solutions that are easy to deploy and scalable.

TotalEnergies & Adani Green Energy - Joint Venture

Corporate Round in 2024
TotalEnergies & Adani Green Energy - Joint Venture formed to produce solar power.

Clearway Energy Group

Secondary Market in 2022
Clearway Energy Group is a renewable development company that specializes in clean energy solutions, primarily through the development and operation of utility-scale wind and solar assets, as well as energy storage projects. The company manages a diverse portfolio of over 8 gigatonnes of both renewable and conventional energy assets across the United States. By focusing on the development of new renewable energy projects, Clearway Energy Group aims to create a robust pipeline for future growth. Currently, its operating wind, solar, and energy storage assets, totaling 6.9 gigatonnes, contribute to significant carbon offsetting, equivalent to more than 10.5 million metric tons of carbon emissions annually. This commitment enables businesses, government entities, and community solar subscribers to access low-cost, clean power solutions.

Freyr Energy

Venture Round in 2021
Freyr Energy, founded in 2014 by Saurabh Marda and Radhika Choudary, is a full-service solar company based in Andhra Pradesh, India. The company specializes in providing solar energy-based technologies that aim to make solar energy simple, accessible, and affordable for all. Freyr Energy offers a variety of products, including smart solar rooftops, pumps, petrol pumps, and micro grids. Their services encompass the design and installation of cost-effective solar energy systems, along with monitoring energy generation and addressing any issues that may arise. By doing so, Freyr Energy helps clients reduce electricity costs and enhance profitability while facilitating easy access to solar energy.

Solstice

Venture Round in 2021
Solstice is a company focused on making renewable energy accessible to all Americans through community-shared solar power solutions. It provides turnkey customer solutions, subscriber aggregation, and management services for solar developers, utilities, and other providers of shared solar energy. Utilizing community organizing techniques and an innovative online marketplace, Solstice aggregates consumer demand to facilitate the deployment of solar projects, particularly for individuals who rent their homes or have unsuitable roofs for traditional solar installations. The company aims to promote energy equity by ensuring that every household, regardless of income level or credit history, can benefit from affordable renewable energy. Founded in 2016 and headquartered in Cambridge, Massachusetts, Solstice has received numerous awards for its contributions to clean energy and entrepreneurship, reflecting its commitment to transforming the solar landscape for diverse communities.

Promethean Power Systems

Series B in 2020
Promethean Power Systems, Inc. specializes in designing and manufacturing refrigeration systems tailored for cold-storage and milk chilling applications in off-grid and partially electrified areas. Founded in 2007 and headquartered in Somerville, Massachusetts, with an additional office in Pune, India, the company provides a range of products including milk chillers, cold storage solutions, solar add-ons, and smart monitoring systems. Its technologies are particularly beneficial for dairy processors and individual farmers, allowing for improved milk collection and preservation, thereby reducing spoilage and transportation costs. This enhances the quality of milk collected from remote villages and increases farmer incomes. The refrigeration systems operate using grid power, with backup options that include generators and future plans for thermal battery storage, facilitating reliable cold-chain distribution without dependence on diesel generators.

Otonohm

Venture Round in 2019
They design nomad energy solutions (like backpack) for recharging all connected mobile devices (laptop, cameras, smartphones, speakers, fans, coolers, etc .....) in 5, 12 and 230 v. The batteries being recharged with photovoltaic solutions (also on wall sockets!). They also have plans for clean energy solutions for camping, for hiking. They develop innovative solutions for "e.mobilité" / kickscooters, bikes, skates, etc ...

MTPV

Series C in 2018
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

MTPV

Series B in 2014
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

Wattmobile

Venture Round in 2014
Wattmobile specializes in electric mobility solutions for professionals and individuals, offering a range of efficient and environmentally friendly transportation options. The company operates a self-service rental service for electric scooters and cars, catering to both business centers and individual travelers. Wattmobile has established its first scooter rental station in Marseille and partners with major railway operators to provide fleets of electric vehicles at railway stations across France. This initiative aims to facilitate seamless transportation for users, ensuring efficient travel for the last mile between stations and destinations.
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