TotalEnergies launches electricity start-up accelerator in Paris

TotalEnergies announced on Wednesday it is launching TotalEnergies On, an electricity start-up accelerator programme at the world’s largest start-up campus, STATION F in Paris.

The programme aims to support the growth in electricity and renewables for TotalEnergies, and will identify and support start-ups developing innovative digital solutions for the electricity sector – whether for renewable production, storage, decentralised energy management, trading, sales or electric mobility.

According to the company, start-ups joining the programme will benefit from the synergies offered by the unique STATION F, a community of more than 1,000 start-ups, unlike any other campus of its kind.

It will also provide at least six months of personalised support from entrepreneurs who are themselves professional accelerators for businesses with potential, as well as preferential access to TotalEnergies’ teams to help them test and improve their products, services and business models.

“TotalEnergies is transforming by developing its activities in the electricity and renewables value chain. We believe in the importance of innovation in this field for driving our future growth, so TotalEnergies is moving to support the development of the most promising start-ups in the sector and create an electric and digital ecosystem,” Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said in a statement.

“We are delighted to launch our accelerator at STATION F, a global landmark for entrepreneurs, in line with our aim to create a major innovator in low carbon electricity,” he added.
Once the start-ups have completed the accelerator programme, TotalEnergies could acquire equity interests in the most promising ones, the company said.

“We're seeing real awareness across the start-up ecosystem, with more and more start-ups and large corporations wanting to make a positive impact on society and our daily lives,” said Roxanne Varza, Director of STATION F. “We are delighted to welcome TotalEnergies for the first ever programme dedicated to energy transformation at STATION F.”