Investing in and partnering with entrepreneurial companies in strategic sectors around the worldBP has embraced the concept of corporate venturing, investing more than $150 million since 2006. BP Ventures focuses on highly dynamic markets, creating long-term value for BP and shaping options in clean energy technologies and process efficiencies. By partnering with growth-stage start-ups, we are able to broaden our options and leverage BP’s ability to deliver international-scale operations.
BP’s portfolio of venturing investment spans three broad areas: carbon innovation, bio-energy and electrification. This includes a range of specialized innovations and technologies such as waste-heat recovery, energy storage, carbon funds and land-carbon projects, and biofuels and bio-based products. They provide new business options as well as adding value to BP’s existing oil and gas operations.
By generating a pipeline of new investments, we can develop new business options through disciplined experimentation. The Ventures team has been operating since 2006 and has experts based in the UK, US, China and India, working across BP and within a worldwide cleantech energy network.