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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
Our portfolio overview
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

Belmont Technologies

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


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

Parts Tech

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

C – Capture

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

Heliex Power

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
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