Release date: 28 January 2020
BP Ventures has invested $3.6 million in Chinese AI (artificial intelligence) tech company R&B, which specializes in energy management systems that can predict, control and improve energy use in buildings.
Energy efficiency is one way of cutting emissions, with buildings currently accounting for one-third of the world’s total energy consumption.
Meanwhile, China accounted for nearly a quarter of global energy consumption in 2018.
This builds BP Ventures’ push into AI and energy management after investing in UK start-up Grid Edge last year.
Dev Sanyal, BP Alternative Energy chief executive and executive vice president, regions
A new year means new predictions, and our experts have been busy looking at the technologies at the forefront of the energy transition.
To find out more about the technologies and BP’s work in this area, read our feature.
Rita Griffin, BP’s COO of petrochemicals, talks to BP Magazine about her mission to help divert plastics from landfill through BP Infinia technology.
“There was a day not long ago when I was taking my daughter to school and we were talking about the problem of plastics in our oceans. Then in the afternoon, I was talking to our technologists about what our technology can deliver. It was a pivotal moment for me to realize that we could actually help solve this plastics waste problem that we hear and care about so much.”
Get the full story from Rita in her interview with BP Magazine.
CNN’s Global Energy Challenge series, supported by BP, looks at some of the innovative ways the world is meeting growing demand for energy, while addressing the rise in carbon emissions. The latest episode, produced by CNN, is a short feature looking at how natural gas working alongside renewables can help to meet energy demand across the globe.
In under three minutes, CNN’s business and emerging markets editor, John Defterios, highlights why natural gas has an important part to play, given:
Learn more in the full film (a 2.5-minute watch).
If the world is serious about achieving the Paris goals, it is going to need to have hydrogen as part of the energy system.
That’s the view of BP’s head of technology, David Eyton, as he and other experts discuss the role of hydrogen in a low carbon energy future in the latest episode of our Technology Outlook podcast series.
It also features a panel of industry experts, including Professor Nigel Brandon from Imperial College London.
The podcast series explores the most exciting technologies helping to transform our energy system to lower carbon, with episodes on batteries and solar featuring so far.
Words by Paul Saville