Infosys and bp, a global integrated energy company, have signed a memorandum of understanding (MoU) under which both companies will work together to develop an integrated Energy as-a-Service (EaaS) offering that will provide end-to-end management of a customers’ energy assets and services. Together, the companies will explore opportunities using bp’sContinue Reading
In the corporate world, even when contending with COVID-induced negative sales, bankruptcies, and swift moves to preserve capital, some of the world’s largest companies have significantly increased their planned investments in renewable energy. In considering the energy transition, it is important to take a grounded look into what energy isContinue Reading
The oil major BP wants to lead his peers in transition from fossil fuels to a renewable energy energy future however while shifting to low-carbon energy and becoming net-zero by 2050, BP doesn’t want to change: the returns it offers to its investors. BP is targeting returns of 8 toContinue Reading
The world’s biggest oil companies are on track to do a record number of deals to invest in alternative energy and green technologies this year, BloombergNEF said in a report on Wednesday. Seven months into 2019, Big Oil has already made nearly 70 deals involving renewables and biofuels, compared to 80 suchContinue Reading
In larger and larger numbers, institutional investors are calling on oil-and-gas companies and other fossil fuel firms to adjust their strategies to reduce their climate risk exposure. And more companies are responding to shareholder requests, many of them organized by Climate Action 100+, an investor network representing $33 trillion inContinue Reading
It’s just a matter of time before fossil-powered vehicles join sailing ships, horse-drawn carriages, making their transition from necessary to nostalgic. Recognizing that they can’t beat ‘em, three Europe-based oil multinationals are making preliminary moves to join ‘em. French-flagged Total has acquired electric utility Direct Énergie, apparently with an eyeContinue Reading
BP Ventures invests $20 million into an ultra-fast-charging battery developer called StoreDot that targets a battery for electric vehicles that charges in just 5 minutes. The goal is to commercialize a flash battery for mobile communication devices as early as 2019 followed by an EV battery. The EV progression’s numbers areContinue Reading
Reliance Industries Ltd, is thinking of entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector. The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, The push into power storage dovetails with Prime Minister NarendraContinue Reading
