Tag: BP

bp announces deal with investment company Harmony Energy Income Trust for physical power trading and optimization

Stuart Mitchell

bp has signed an agreement with battery storage investment company Harmony Energy Income Trust (HEIT) to provide physical power trading and optimization services to two projects aimed at providing an extra 80MW / 160MWh of flexibility to the GB power grid, which are planned to come online in the first half of 2024. The agreement will see bp work on two HEIT projects: Hawthorn Pit (49.9MW / 99.8MWh) and Wormald Green (33MW / 66MWh). The projects will enable power from the grid during low demand periods to be stored and…

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bp supplies sustainable aviation fuel for historic transatlantic flight

Stuart Mitchell

It’s been more than a century since the first flight across the Atlantic, but this autumn will see a new historic first: the world’s first 100% sustainable aviation fuel (SAF) flight across the ocean.  The SAF used in the Virgin Airways flight from London Heathrow to New York JFK will be supplied in part by bp. It’s a milestone in the use of SAF, which has fewer lifecycle carbon emissions than the traditional fuel it replaces. bp biofuels head Nigel Dunn recently spoke with Reuters about biofuels, explaining how they…

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

Stuart Mitchell

bp expanded its investment in bioenergy today as bp ventures committed $10 million, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol.  Globally, solid waste production totals about 2 billion metric tons annually and is expected to increase to 3.4 billion metric tons by 20501.  WasteFuel’s deployment of anaerobic digestion and methanol production technologies will convert municipal and agricultural waste into viable lower emission alternatives to traditional…

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Iberdrola and bp sign a strategic alliance to accelerate the deployment of electric mobility

Stuart Mitchell

Iberdrola and bp have signed a strategic collaboration agreement aiming to help accelerate the decarbonisation of transport.  The companies announced their intention to form a Joint Venture (JV) in July 2021, intending to invest up to €1 billion to roll-out a network of up to 11,000 rapid and ultra-fast EV public charge points across Spain and Portugal. The signing of the strategic collaboration agreement brings the companies one step closer to the formation of the JV which is subject to the necessary regulatory and competition approvals and expected to close…

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bp plans to invest $1 billion in EV charging across US by 2030, helping to meet demand from Hertz’s expanding EV rentals

Stuart Mitchell

bp took another step toward delivering on its transformation to an integrated energy company recently by announcing plans to invest $1 billion by 2030 into electric vehicle (EV) charge points across the United States. A cornerstone of the investment includes Hertz and bp announcing an intention to bring fast charging infrastructure to Hertz locations in major cities, such as Atlanta, Austin, Boston, Chicago, Denver, Houston, Miami, New York City, Orlando, Phoenix, San Francisco and Washington, DC.  A number of the fast-charging installations will include gigahubs locations. These are large-scale fast…

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