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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Total SE    FP   FR0000120271

TOTAL SE

(FP)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/28 05:04:49 am
25.103 EUR   -4.13%
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Total and Google Cloud Develop Solar Mapper, a Tool for Estimating the Solar Energy Potential of Houses' Roofs

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10/13/2020 | 03:55am EDT

Regulatory News:

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Google Cloud have pooled their expertise to jointly develop an innovative tool, Solar Mapper, which aims to accelerate the deployment of solar panels for individuals (B2C) by providing an accurate and rapid estimate of the solar energy potential of their homes, first in Europe and then worldwide.

Solar Mapper uses brand-new artificial intelligence algorithms that provide better results than current tools, especially by improving:

   -- the quality of the data extracted from satellite images; 
 
   -- the sharpness of the estimation of the solar potential; 
 
   -- the relevance of the technology to be installed; 
 
   -- the global geographical coverage of the tool. 
 

In the case of France, Solar Mapper provides more than 90% geographical coverage, allowing many more people to assess the solar potential of their homes, with greater accuracy than before.

" Solar Mapper will enable Total to faster deploy solar panels on the houses' roofs, in order to provide its customers with more affordable and more accessible solar energy," explains Marie-Noëlle Séméria, Total's Chief Technology Officer. " By combining Total's expertise in solar energy with Google Cloud's expertise in artificial intelligence and databases, we were able to develop an attractive and innovative offer together in just 6 months."

In addition, Total plans to develop a B2B application of Solar Mapper, dedicated to industrial and commercial buildings and installations.

Solar Mapper is contributing to the Group's ambition to become a world leader in the production of renewable energies, toward getting to net-zero emissions by 2050 together with society.

About Total Research & Development

Total is deploying an ambitious R&D programme, worth nearly $1 billion a year. Total R&D relies on a network of more than 4,300 employees in 18 research centres around the world, as well as on numerous partnerships with universities, start-ups and industrial companies. Its investments are mainly devoted to a low-carbon energy mix (40%) as well as to digital, safety and the environment, operational efficiency and new products. It files more than 200 patents every year.

About Total

Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Cautionary Note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms "Total", "Total Group" and Group are sometimes used for convenience. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201012005895/en/

 
    CONTACT: Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 
    SOURCE: TOTAL 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

10-13-20 0255ET


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.92% 1598.88 Delayed Quote.19.37%
TOTAL SE -4.39% 25.105 Real-time Quote.-46.78%
WTI -2.24% 38.025 Delayed Quote.-36.11%
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Financials (USD)
Sales 2020 122 B - -
Net income 2020 -6 468 M - -
Net Debt 2020 39 578 M - -
P/E ratio 2020 -12,7x
Yield 2020 10,1%
Capitalization 81 098 M 81 459 M -
EV / Sales 2020 0,99x
EV / Sales 2021 0,86x
Nbr of Employees 107 776
Free-Float 92,4%
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Average target price 48,67 $
Last Close Price 30,85 $
Spread / Highest target 86,5%
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NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Chief Technology Officer
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Lead Independent Director
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