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Monday, 06 December 2021 08:15

bp, Schneider Electric ink deal on low carbon energy solutions Featured

By Staff Writer

Integrated energy company bp and digital transformation of energy management and automation provider Schneider Electric have signed a Memorandum of Understanding (MoU) designed to help decarbonise high-emission customers in Australia, the European Union, UK. and, US.

Under the terms of the MoU, bp and Schneider Electric have announced that they intend to combine skills and capabilities to define and scale integrated energy solutions for cities and commercial and industrial customers in hard to abate sectors, such as high emission transportation and heavy industry.

In a jont announcement, bp and Schneider Electric say their complementary skills in consulting, designing, building, and operating decarbonised energy systems will help companies to achieve their decarbonisation targets - and in addition they intend to explore business models to enable customers to lessen the complexity, risk and capital investment of decarbonisation by operating such energy systems as a service.

William Lin, EVP, regions, cities and solutions, bp said, “Schneider Electric’s expertise is complementary to ours, opening up more opportunities for us to jointly help energy systems decarbonise. Combining bp’s energy supply capabilities with Schneider Electric’s microgrid and energy management technologies means that together we can offer clean, efficient and resilient solutions to better meet our customers’ needs.”

“Many of our customers are looking for innovation and expertise to help decarbonise their energy supply and demand systems,” says Barbara Frei, Executive Vice President, Industrial Automation, Schneider Electric. “With bp, we’re committed to advancing technology solutions and addressing key markets together to help these customers reach net-zero faster.”

Under the collaboration, Schneider Electric says it will provide decarbonisation expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems - and its microgrid platform can integrate on-site renewable power, reliable backup systems including battery storage, electric vehicle infrastructure, and associated energy retail services.   

bp brings together technologies and businesses including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovative, integrated ‎and decarbonised energy solutions at scale to help cities and large corporates reduce their carbon emissions.

bp and Schneider say they intend to collaborate on  integrated solutions and technology that address today’s most complex energy challenges, “to help accelerate the world’s transition to net zero”.


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