TotalEnergies, formerly known as Total, is a multinational energy company headquartered in France. With operations in over 130 countries and a workforce of approximately 93,000 employees, the company is involved in every aspect of the energy industry. TotalEnergies explores for, produces, and markets oil and biofuels, natural gas and green gases, renewables, and electricity. It also has a significant presence in chemicals. The company is committed to diversifying its energy sources to meet growing demand and is actively investing in renewable energy projects, such as solar and biofuels. TotalEnergies Ventures, the company's venture capital arm, focuses on funding and fostering start-ups that contribute to a low carbon future, with interests including renewables, energy storage, and the circular economy.
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.
SN Power
Acquisition in 2024
SN Power is a company dedicated to investing in clean, renewable energy within emerging markets, with a specific focus on hydropower. The firm operates in Southeast Asia, Africa, and Central America, where it acquires, develops, constructs, and manages hydropower assets. It has several operational hydropower plants located in The Philippines, Laos, Zambia, and Panama. Headquartered in Oslo, Norway, SN Power also maintains an office in Amsterdam, Netherlands, and employs a multinational team to support its global operations and projects.
Ampersand
Venture Round in 2023
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.
East African Crude Oil Pipeline
Acquisition in 2022
EACOP is a pipeline that will deliver oil from Uganda's Lake Albert oilfields to the Tanzanian port of Tanga, where it will be sold to global markets.
Zola Electric
Venture Round in 2021
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
Ampersand
Venture Round in 2021
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.
Shyft Power Solutions
Seed Round in 2021
SHYFT Power Solutions, Inc. specializes in developing an integrated hardware and software platform that allows users to monitor and manage distributed energy resources (DERs). The company's primary product, Shyft, is a hybrid smart meter and transfer switch that facilitates energy management through Internet of Things (IoT) technology, streamlining the transition between the grid and backup power sources. SHYFT's software application enhances this capability by enabling real-time monitoring and control from mobile devices. The company targets markets facing challenges with energy resiliency, such as Nigeria, by promoting decentralized power systems that bypass traditional infrastructure. Founded in 2007 and based in San Francisco, California, SHYFT Power Solutions aims to improve energy efficiency and reduce costs for various stakeholders, including real estate developers and solar providers.
SparkMeter
Series A in 2020
SparkMeter, Inc. designs electricity metering systems and grid management software aimed at enhancing electricity access in underserved markets, particularly rural areas. Founded in 2012 and based in Washington, D.C., with an office in Nairobi, Kenya, the company offers a range of metering products tailored to different customer needs, including residential and commercial users. Its solutions include the SM16R, SM60R, SM60RP, and SM200E models, which cater to various consumption levels. In addition to hardware, SparkMeter provides software solutions that facilitate prepaid billing, customer communication, and remote monitoring, thus improving grid efficiency and asset performance. By enabling utilities to automate operations, manage loads, and integrate renewable energy sources, SparkMeter helps communities access sustainable and reliable electricity.
Powerhive
Series B in 2019
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.
PEG
Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.
PEG
Series C in 2019
PEG is an asset financing company that specializes in providing Pay As You Go solar energy products to off-grid customers in West Africa, particularly in Ghana, Cote d'Ivoire, and Senegal. Founded in 2013 by Hugh Whalan and Nate Heller, PEG aims to improve the quality of life for its customers by offering financing for solar home systems. This financing model allows households to transition from expensive and polluting fuel sources, such as kerosene, to sustainable solar energy, which not only enhances their living conditions but also serves as a long-term asset. PEG's solar systems provide access to better lighting, mobile phone charging, and appliances like radios and televisions, contributing to a more sustainable and efficient energy solution for underserved communities. Headquartered in Accra, Ghana, PEG is dedicated to promoting renewable energy and improving the standard of living for its customers through innovative financing solutions.
Shyft Power Solutions
Seed Round in 2018
SHYFT Power Solutions, Inc. specializes in developing an integrated hardware and software platform that allows users to monitor and manage distributed energy resources (DERs). The company's primary product, Shyft, is a hybrid smart meter and transfer switch that facilitates energy management through Internet of Things (IoT) technology, streamlining the transition between the grid and backup power sources. SHYFT's software application enhances this capability by enabling real-time monitoring and control from mobile devices. The company targets markets facing challenges with energy resiliency, such as Nigeria, by promoting decentralized power systems that bypass traditional infrastructure. Founded in 2007 and based in San Francisco, California, SHYFT Power Solutions aims to improve energy efficiency and reduce costs for various stakeholders, including real estate developers and solar providers.
Shyft Power Solutions
Venture Round in 2018
SHYFT Power Solutions, Inc. specializes in developing an integrated hardware and software platform that allows users to monitor and manage distributed energy resources (DERs). The company's primary product, Shyft, is a hybrid smart meter and transfer switch that facilitates energy management through Internet of Things (IoT) technology, streamlining the transition between the grid and backup power sources. SHYFT's software application enhances this capability by enabling real-time monitoring and control from mobile devices. The company targets markets facing challenges with energy resiliency, such as Nigeria, by promoting decentralized power systems that bypass traditional infrastructure. Founded in 2007 and based in San Francisco, California, SHYFT Power Solutions aims to improve energy efficiency and reduce costs for various stakeholders, including real estate developers and solar providers.
Zola Electric
Series D in 2018
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
Maersk Oil
Acquisition in 2017
Maersk Oil is an international oil and gas company that produced 313,000 barrels of oil equivalent per day in 2016. Its production operations span several countries, including Denmark, the UK, Norway, Kazakhstan, the US Gulf of Mexico, and Algeria. The company is actively engaged in exploration and development activities in regions such as Angola, Kenya, Brazil, and the Kurdistan Region of Iraq, in addition to its established production locations. Maersk Oil focuses on providing services related to oil and gas property development, exploration, and production, particularly in Denmark.
Gapco
Acquisition in 2016
Gulf Africa Petroleum Corporation (GAPCO) a company registered in Mauritius, is a subsidiary of Reliance Industries Limited,one of the largest conglomerate and listed company in India engaged, inter alia, in exploration and distribution of oil and gas, petroleum refining and marketing.
Zola Electric
Venture Round in 2016
ZOLA Electric is a provider of off-grid solar solutions tailored for African markets, specifically operating in Tanzania, Rwanda, Ghana, and Côte d'Ivoire. Established in 2012 and headquartered in Arusha, Tanzania, with an additional office in San Francisco, the company offers solar home kits to individual households through a leasing or sales model. Utilizing the latest solar, battery, and power electronics technology, ZOLA Electric's systems are designed to meet varying energy needs and income levels, allowing customers to make payments via PAYGo micro-financing and mobile money. The company's innovative approach has enabled it to power over 180,000 homes and businesses in rural and urban areas. ZOLA Electric, previously known as Off-Grid Electric Tanzania Limited until its name change in 2018, has received multiple awards, including the UN Momentum for Change Award and the Zayed Future Energy Prize, and has garnered investment from prominent firms such as Tesla and Total.
Powerhive
Series A in 2016
Powerhive Inc. specializes in rural electrification by offering tools and services that facilitate the implementation of energy access projects globally. Its primary technology platform, Honeycomb, is a cloud-based software that automates account management, monitors microgrid operations remotely, and performs real-time data analytics. Additionally, the company provides Asali, a smart meter designed for off-grid microgrid applications, and SWARM, a tool that aids in project development through effective site selection and customer identification. Powerhive also offers a range of services related to microgrid operations management and project deployment, including market feasibility studies, design services, and on-site training. Founded in 2011 and headquartered in Berkeley, California, with an office in Nairobi, Kenya, Powerhive aims to deliver affordable and reliable electricity to off-grid communities in emerging markets, enabling access to power for small appliances and income-generating activities.
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