Disruptive Technology for Energy Storage to Steel Production
The progress of global deployment and commercialization
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Board of Directors, Advisory Board & Technical Team
Green process technologies to unlock critical metal supply
Strategic Partners and Memberships
Current Mandates and Pending Developments
Code of Business Conduct and Ethics
Presentations about Vanadium, Redox Battery Flow and more
09/22/2017By Tildy Bayar
In a move aimed at diversifying its energy offering, French oil and gas giant Total announced this week that it will acquire two green energy firms.
Total will take on a 23 per cent stake in French renewables outfit Eren RE, which operates a 650 MW portfolio of solar, wind and hydropower plants globally and aims to grow its installed capacity to 3 GW within five years.
Under the terms of the €237.5m ($284m) deal, Total will have the option to fully control Eren RE after five years.
Patrick Pouyanné, Total’s chair and CEO, said his company “integrates climate challenge into its strategy and is pursuing steady growth in low-carbon businesses, in particular in renewable energy.
“By partnering with Eren RE, we are leveraging a team that has a proven track record in renewable power production, and we are investing in an additional asset to accelerate our profitable growth in this segment, in line with our ambition to become the responsible energy major.”
Total is also set to acquire French energy efficiency company GreenFlex, which uses data intelligence and equipment management and financing to help its 600+ European clients manage their energy consumption. GreenFlex is forecasting revenues of more than €350m in 2017, Total said.
The deal is expected to close in Q4 of this year.
Total said it “intends to offer its customers integrated solutions, from optimization of energy needs and sources and finding financing solutions to energy management and emissions measurement and reduction”.
Enter your email address below to start receiving VanadiumCorp and related Industry news directly.
We're here to answer your questions. Contact us by phone or email.
© 2019 VanadiumCorp Resource Inc., all rights reserved • Site Map • By Line49 Web Design, Vancouver BC