Canvas Category OEM : Petroleum and Coal

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Primary Location London, England, United Kingdom

Financial Status NYSE: BP

We are an integrated energy business with operations in Europe, North and South America, Australasia, Asia and Africa

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Hysata raises $111m USD led by bp Ventures and Templewater

📅 Date:

🔖 Topics: Funding Event, Green Hydrogen

🏢 Organizations: Hysata, bp, Templewater, POSCO

Australia-based company Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company’s technology combines engineering and science in a unique capillary-fed alkaline electrolyser that uses less energy to convert water to hydrogen.

bp Ventures and Templewater led the recent $111.3 million USD investment round in the company, with strong backing from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc’s cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX. The company also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group, Twin Towers Ventures, Oman Investment Authority’s VC arm IDO and TelstraSuper.

Hysata will use the funding to expand production capacity at its iconic beachside manufacturing facility in Wollongong, New South Wales and further develop its technology as it focuses on reaching gigawatt scale manufacturing.

Read more at PR Newswire

bp Leads $12.5 Million Series A Investment In Low-Cost Hydrogen Electrolyzer Innovator, Advanced Ionics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Advanced Ionics, bp, Mitsubishi Heavy Industries

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.

Read more at bp Press Release

bp invests £4m in fleet optimization software provider Dynamon and announces commercial agreement

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Dynamon, bp

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 £22 million annual energy cost saving (£0.28/mile diesel vs £0.125/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.

Read more at Business Wire

♻️ bp expands investment in bioenergy, collaborating with US biofuels developer WasteFuel

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: bp, 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.

Read more at bp Press Releases

Eavor commences commercialization through major investment and landmark partnership with OMV

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Eavor, OMV, BP

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.

Read more at Globe Newswire