09/16/2016 - Press release
Total Energy Ventures Invests in Smart Grids with AutoGrid
Extract from the press release.
Paris, September 16, 2016 – Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in AutoGrid, a company that develops digital solutions to manage and optimize energy supplied to and from the power grids.
Founded in 2011, California-based AutoGrid has developed an internet platform that provides the capability to balance supply and demand for connected distributed energy resources, identify and prevent problems and optimize equipments consumption such as meters, water heaters and chargers. The applications use predictive controls technology to process data from energy assets and grid activity. Customers include utilities and equipment manufacturers that produce electricity from solar panels, batteries and other sources.
On a large scale, this technology enhances energy efficiency, thereby reducing costs and emissions. It also improves integration of renewable energies into the grid.
Learn more by accessing the press release on total.com.