Global oil and gas major BP is to “fundamentally re-organise” its business, establishing a new low carbon power unit and doubling down on clean investments in a bid to become net zero by 2050.
BP’s VP of advanced mobility, Roy Willliamson, has blamed the speed of putting DNO infrastructure in place for slowing down the roll-out of ultra-fast chargers, whilst stressing the value of data in a digital economy.
BP Ventures is creating a portfolio of “complementary” investments, with artificial intelligence of interest to the company following its investment into R&B.
BP Ventures has bolstered its artificial intelligence (AI) play with a $3.6 million (£2.7 million) investment into Chinese energy management company R&B.
Solar Media's Liam Stoker and Andy Colthorpe take a look at the rapidly increasing solar and storage commitments from some of energy's biggest names, discuss the rise and rise of long-duration storage and try and provide some sense to the UK's general election.