1. Total to Buy Battery Maker Saft in Push to Expand Clean Energy

    Total to Buy Battery Maker Saft in Push to Expand Clean Energy

    Total SA agreed to buy French battery maker Saft Groupe SA in a 950 million-euro ($1.1 billion) deal, ratcheting up investments in clean energy by one of the world’s largest oil companies. Saft will become Total’s “spearhead in electricity storage,” Patrick Pouyanne, chief executive officer of the Courbevoie, France-based oil producer, said Monday. The purchase allows Total to speed up its expansion in renewables, which began in 2011 with its purchase of solar-panel maker SunPower Corp.

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