BP Ventures identifies and invests in private, high growth, game-changing technology companies, accelerating cutting edge innovations across the entire energy spectrum. Since 2006, BP Ventures has invested over $350 million in corporate venturing and has 42 active investments in its current portfolio. Since 2016 BP Ventures has invested in 9 new companies, committing to over $100 million of capital. The portfolio includes a $30m investment in Fulcrum Bioenergy that will provide bio-jet fuel to the aviation industry. BP Ventures’ portfolio is primarily focused on emerging technologies in oil and gas exploration and production and downstream conversion processes. In addition, it has a renewed strategic focus on five key areas: bio & low carbon products, carbon management, power & storage, advanced mobility and digital transformation.