bp
Canvas Category OEM : Petroleum and Coal
We are an integrated energy business with operations in Europe, North and South America, Australasia, Asia and Africa
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bp Leads $12.5 Million Series A Investment In Low-Cost Hydrogen Electrolyzer Innovator, Advanced Ionics
Advanced Ionics, the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production, closed a $12.5 million Series A financing led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.
The new capital will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its Symbion™ water vapor electrolyzer technology for heavy industry. Water vapor electrolyzers address two of the biggest obstacles to expanding green hydrogen production: cost and electricity requirements.
bp invests ÂŁ4m in fleet optimization software provider Dynamon and announces commercial agreement
bp ventures has made a £4 million investment in Dynamon, a UK-based software company that specializes in developing advanced data analytics and simulation tools for commercial transport and logistics companies. The funding forms part of Dynamon’s Series A round, being raised to fully commercialize and scale up its platform and expand its operations in Europe and into North America.
In a Dynamon 4,000-vehicle last mile trial, a customer using ZERO software identified a potential ÂŁ22 million annual energy cost saving (ÂŁ0.28/mile diesel vs ÂŁ0.125/mile electric), and 8,700 tonnes annual CO2 saving (609.86 g CO2e/litre diesel) after the tool analysed the best solution for fleet electrification.
♻️ bp expands investment in bioenergy, collaborating with US biofuels developer WasteFuel
bp invests $10 million in WasteFuel, which is planning to develop a global network of plants to convert municipal and agricultural waste into bio-methanol, a biofuel which could play a significant role in decarbonizing hard-to-abate sectors like shipping. The investment allows WasteFuel to advance its plans to develop its first waste-to-bio-methanol plant in the UAE.
bp and WasteFuel have entered a memorandum of understanding for bp to offtake the produced bio-methanol and for the companies to collaborate on improving bio-methanol production yields & economics.
Eavor commences commercialization through major investment and landmark partnership with OMV
Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal closed-loop technology, has completed the first close of their Series B equity round. OMV AG (“OMV”) leads the round with a €34 million (C$50mm) investment and has entered into a commercial agreement with Eavor to pursue large-scale deployment of Eavor-Loop™ technology in Europe and beyond. Follow-on investments from Eavor’s existing partners include bp Ventures, Eversource Energy and Vickers Venture Partners. Concurrently with the raise, Chubu Electric Power has converted its debenture.