Big Oil Getting Greener

Total S.A. is multinational oil and gas company, headquartered in Courbevoie, France. Total, like Royal Dutch Shell, BP and ExxonMobil is rapidly expanding into a broad range of green energy businesses. Total has already invested in biofuels, solar parks, wind farms and hydropower projects around the world.

Total is now investing in technology to support the global growth of electric vehicles (EVs). In June 2017, Total purchased of advanced technology battery manufacturer, Saft. Total purchased Saft, headquartered in Levallois-Perret, France for U.S. $1.1 Billion.

Recently, Saft purchased microgrid solutions provider, Go Electric Inc. Founded in 2011, Go Electric offers battery storage microgrid solutions. The company, headquartered in Anderson, Indiana It offers proprietary micro grid and uninterruptible power system technology that automatically and instantly synchronizes, manages, and optimizes multiple AC and DC power sources.

Philippe Sauquet, Total’s president of gas, renewables and power stated, “the acquisition of Go Electric is an important step in Saft’s strategy to accelerate the growth of its energy storage systems business. Total’s purchase of Go Electric through Saft is the third investment in a grid-edge technology company in the last two years.

Energy companies, like Total, Royal Dutch Shell, BP and ExxonMobil are now joining automobile companies in Asia, Europe and the United States and technology companies like Alphabet, Microsoft, Apple and Tesla in the development of new technology for EVs. In my opinion, the expertise of these companies will hasten the day more EVs are purchased in one year in the United States, than vehicles with internal combustion engines.

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