Total’s billion-dollar battery acquisition will allow it to compete with Tesla-SolarCity

By Emily Wild Amid falling profits and long-term questions, global oil “supermajors” need to follow in the footsteps of Total – which recently bought energy storage company Saft for $1 billion – and explore opportunities not only in battery but also solar and distributed generation, according to Lux Research.
Even though good battery companies have become harder and more expensive to buy since the acquisition of Saft, the oil “supermajors” — BP, Chevron, ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Total — have cash piles ranging from $5 billion to $30 billion each, despite shrinking profits since 2012 and uncertainty about timing of the

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