TotalEnergies and Emerson partner on industrial data collection

PARIS - TotalEnergies and Emerson’s Aspen Technology business announced Tuesday a strategic collaboration to implement large-scale industrial data collection solutions across TotalEnergies’ operational sites worldwide. Emerson (NYSE:EMR), a prominent player in the Electrical Equipment industry with a market capitalization of $80.39 billion, brings significant technological expertise to this partnership. According to InvestingPro data, the company maintains impressive gross profit margins of 52.77%.

Under the agreement, TotalEnergies will deploy Emerson’s AspenTech Inmation technology to continuously collect and centralize millions of real-time data points from its industrial facilities. The implementation is planned over a two-year period.

The digital infrastructure aims to provide secure and unified access to data across the organization, enabling TotalEnergies to leverage artificial intelligence for optimizing operational efficiency, energy consumption, and environmental performance.

"At TotalEnergies, digital technology is a key enabler of our transformation toward a more sustainable and efficient energy future," said Namita Shah, President of OneTech at TotalEnergies, according to the press release.

Vincent Servello, President of Emerson’s Aspen Technology business, noted that the companies have worked together for almost 30 years.

The technology is expected to help TotalEnergies accelerate anomaly detection, optimize energy consumption, enhance operational safety, and speed up AI integration into industrial processes.

Emerson’s Inmation technology is part of the company’s recently announced Project Beyond, which aims to integrate and optimize industrial operations.

TotalEnergies operates in approximately 120 countries with more than 100,000 employees, while Emerson (NYSE:EMR) is headquartered in St. Louis, Missouri.

The information in this article is based on a press release statement from the companies.

In other recent news, Emerson has introduced its Ovation AI-enabled Virtual Advisor, marking a significant advancement in automation for the power and water industries. This new technology, part of the Ovation 4.0 Automation Platform, offers features such as system documentation access, troubleshooting assistance, maintenance forecasting, and process optimization recommendations. Meanwhile, several analysts have provided updated ratings and price targets for Emerson. TD Cowen has maintained its Buy rating, with a price target of $150, reflecting optimism about the company’s future earnings. KeyBanc has also raised its price target for Emerson to $155, citing stronger margins and growth opportunities. Loop Capital reiterated its Buy rating and maintained a $155 price target, noting improved margins and earnings for the second fiscal quarter. The easing of trade tensions between the U.S. and China is expected to significantly reduce tariff-related costs for Emerson, potentially benefiting the company’s financials in fiscal year 2025. These developments highlight the ongoing interest and positive sentiment from analysts regarding Emerson’s performance and future prospects.

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