Predictive Layer, the Swiss provider of forecasting solutions in the energy and commodity trading sector, was sold to TotalEnergies. Hoffmann & Partner acted as the exclusive financial advisor to the sellers.
TotalEnergies will improve the performance of its trading operations by internalizing Predictive Layer’s machine learning and artificial intelligence solutions, which focuses on energy price forecasting on both physical and derivatives markets, as well as other tailor-made forecast modelling of demand, supply, production, or non-commodity trading.
About Predictive Layer:
Predictive Layer provides automated Big Data predictive analytics with machine learning and open data embedded access. By using next generation artificial intelligence algorithms in predicting time evolution (time series), profiling & targeting of customers, Crystal and Genius platforms allow to forecast your key business and industry indicators.
For more information see: www.predictivelayer.com
About TotalEnergies:
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more durable, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies and electricity:
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
For more information see:
TotalEnergies Acquires 3 Start-ups in the Electricity Business | TotalEnergies.com