Our portfolio
We are focused on connecting and growing new energy businesses that deliver bp’s net zero ambition. Our investments align with bp’s core businesses: Production & operations, Customer & products, Gas & low carbon and Trading & supply. We also have a dedicated focus on emerging markets, particularly China and India
Over the past twelve years we have invested around $700 million in more than 40 technology companies that have potential to transform our company and our sector.
Production & operations
| Advanced BioCatalytics | The product acts synergistically with surfactants to lower interfacial tension and the micelle concentration leading to increased performance and reduced costs |
| A cloud based geoscience platform using artificial intelligence (AI) | |
| Beyond Limits | A leading artificial intelligence (AI) and cognitive computing company |
| BiSN | A versatile plugging solution based on deploying a liquefied metal alloy downhole to plug leaks and control water or gas production |
| Modumetal | Nanolaminated materials to improve the structural, corrosion and high temperature performance of coatings, bulk materials and parts |
| Saltworks Technologies | Develops, manufactures and operates solutions for desalination, brine management and chemical recovery applications |
| Satalytics | A cloud-based geospatial analytics software suite |
| Silicon Microgravity | Innovative gravity and rate gyro sensor primarily for water-flood and flood-front monitoring and control |
Customer & products
| Drover | Market maker for car sharing schemes, providing vehicles, insurance and maintenance to ride sharing platforms |
| Developer and manufacturer of mobile energy storage systems designed to transform energy delivery and displace fossil fuel generation | |
| Lightning Systems | Energy recovery schemes for commercial vehicles using hydraulics |
| MaaS Global | A provider of digital mobility software, Whim app, allowing customers to access and connect on a single platform to all available transport options in a city |
| An online parts and supply platform for the automotive aftermarket industry | |
| Peloton Technology | Truck platooning and autonomous vehicle technology for fuel efficiency in commercial vehicles |
| PowerShare | A leading integrated hardware and software solutions provider for electric vehicle (EV) charging in China |
| RepairPal | Consumer facing portal for auto repair |
| R&B | AI technology in energy management systems designed to predict, control and improve a building’s energy use |
| StoreDot | Uses proprietary compounds, combined with nano-materials, to develop ultra-fast charging battery applications including mobile devices and electric vehicles |
| Zippity | Provides on-site car care at a time the most convenient place for them - their work place |
| Zubie | Connected car predictive maintenance telematics for consumers and small businesses |
Gas & low carbon
| BrightSource | Develops and builds solar thermal power generation plants |
| Proprietary technology uses new proprietary solvents to remove carbon dioxide | |
| Calysta | Proprietary gas fermentation technology produces FeedKind® protein, a sustainable feedstock that can be used for fish, livestock and pet nutritional products |
| Carbonfree | Converts carbon dioxide emissions to solids for long-term storage |
| Screw expander that recovers energy from wet steam or two-phase fluids to generate electricity | |
| Solidia Technologies | Developing next generation building materials that consume, not generate, CO2 in the production process |
| SGI | Creating genomic-driven commercial solutions to meet demand for resources such as energy, clean water, food & medicine |
Trading & supply
| Finite Carbon | A subsidiary of Finite Resources offering a single-source solution for creating and monetizing carbon offsets including voluntarily offset carbon emissions services |
| Grid Edge | A developer of artificial intelligence (AI) technology that enables customers to predict, control and optimise their building’s energy profile |
| Voltaware Services Limited | Developing electricity sensor and comprehensive AI-based electricity data intelligence platform specialising in energy disaggregation, predictive maintenance of equipment and energy-saving advice |
| XCHG | Platform for seamless digitization of commodities from existing operational data to create “Digital Feedstock”, digital representations of produced units in real-time |