Totalenergies (LSE:TTE)
Historical Stock Chart

From Apr 2019 to Apr 2024

 
TIDMTTA 
 
 

During his visit to the Ecole polytechnique cluster at Paris-Saclay to inaugurate the Ile-de-France Photovoltaic Institute (IPVF) and sign the Trend-X chair, Patrick Pouyanné, Chairman & Chief Executive Officer of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), announced the planned opening of a new research & innovation centre in the heart of Ecole Polytechnique cluster at Saclay. In 2019, the management team of Total's R&D department will move to Saclay before the new centre is officially opened by 2022.

This new centre is a major project for Total, that puts the Group at the heart of a global innovation ecosystem. Eventually, Saclay will be home to 20-25% of the French scientific research community. The centre will also add to Total's investments in research and innovation in France. Already the Group has 1,400 researchers under its wing in seven centres as well as 1,000 agreements with academic partners worldwide.

Thanks to the proximity to the Saclay ecosystem, the Group will be able to strengthen its open innovation initiative, and its partnerships with internationally recognized research teams. The new Total Research & Innovation Centre will tackle the main energy and technological challenges of our society. Two areas of work are prioritized: digital, especially Artificial Intelligence (AI), and low-carbon power management, in pursuit of sustainable and responsible development.

Total took the opportunity of this announcement to realize its commitment to work alongside several key organizations of the cluster on two new initiatives in renewable energy and energy efficiency:

 
 
    -- A partnership with École Polytechnique to develop technology 

related to low-carbon energies. Total will fund a chair at École

Polytechnique called "Meeting the technological challenges of

responsible energy" as part of the Trend-X initiative. The chair

will assist research on capturing and storing solar power as well as

the development of smart building energy management, and integrate

such work into university courses.

 
    -- The Ile-de-France Photovoltaic Institute (IPVF) to speed up the 

development of solar power. Total has joined forces with a number

of partners (EDF, the CNRS, École Polytechnique, Air Liquide, Horiba

and Riber) to give life to this new centre of excellence dedicated to

research on solar power and its integration into power grids.

"The proposed creation of a new research and innovation centre in the Paris-Saclay cluster is major for Total. Our capacity for innovation is at the heart of our ambition to become the responsible energy major. This Centre places us among one of the best global research ecosystem and will strengthens our ties with the top-tier research teams already present at Saclay" stated Patrick Pouyanné, Chairman and Chief Executive Officer of Total."We are keen to contribute to the global reach of this cluster, and to anticipate the technological disruptions that will shape the future of energy. This process is henceforth well under way with the inauguration of the IPVF and the creation of the Trend-X chair."

About Total

Total is a major energy company that produces and supplies oil, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, cleaner, more affordable, more innovative and accessible to all. With operations in more than 130 countries, our aim is to become the world's leading responsible energy major.

* * * * *

Warning

This press release is for informational purposes only and shall not form the basis of any legal action. The entities in which TOTAL S.A. holds a direct or indirect stake are distinct, autonomous legal entities. TOTAL S.A. shall not be held liable for any acts or omissions committed by these entities. The terms "TOTAL", "TOTAL Group" and "Group" used in this document are general and used solely for reasons of convenience. Likewise, the terms "we", "our" and "ours" may also be used to refer to subsidiaries or their employees.

This document may contain provisional information and statements that are based on economic data and hypotheses generated in a certain economic, competitive and regulatory context. This may prove inaccurate in the future and are dependent on risk factors. Neither TOTAL S.A. nor any of its subsidiaries shall be held liable or responsible to investors or any other stakeholder, particularly as a result of new information or future events, for updating or revising any or all of the statements, provisional information, trends or objectives contained in this document.

TotalMedia Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPressInvestors Relations: +44 (0)207 719 7962 l ir@total.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20181218005389/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

December 18, 2018 06:19 ET (11:19 GMT)