BP acquires Open Energi

Energy aggregator’s platform optimise low carbon and renewable energy assets totalling over 80MW

BP has acquired energy aggregator Open Energi.

Open Energi’s technology optimises the energy use of low-carbon assets, including battery storage and solar plants, to create cost savings.

The company’s digital platform uses real-time data to optimise the performance of energy assets.

It can generate savings and maximise revenues for customers by connecting to power markets and providing flexibility at times of low renewable generation and during price peaks and also accumulates data and learns how best to further optimise the energy use of different assets over time.

Open Energi will join the BP Launchpad portfolio and BP will also explore how Open Energi, which is focused on the UK market, can work internationally across its trading and shipping business and low-carbon portfolio, both of which play an important role for its net zero ambition.

Over the past decade Open Energi has developed into a prominent energy technology company.

Its products and services are used to optimise the performance of a network of energy assets with a total capacity of over 80MW.

David Hill, Open Energi commercial director, said: “For the growing renewable energy capacity the world needs to meet global carbon reduction targets, we will need efficient energy optimisation.

“As such Open Energi is fantastically positioned to grow, and we could not be more excited to be partnering to deliver that growth with BP Launchpad.

“Its role within the business will allow us to maintain our independence, while BP’s net-zero ambition and its new strategy align perfectly with our ambition and vision.”

Source : Renews.biz

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