BP to generate renewable power from urban buildings

NEW YORK, October 8, 2021 – BP has acquired a company that aims to turn commercial buildings into flexible power assets, the UK multinational announced on Thursday.

The new technology will allow urban structures to generate, store and trade renewable energy by connecting them to energy markets through cloud-based software.

Blueprint Technology currently works with five of New York’s largest commercial real estate owners, which currently generate 13 MW of renewable energy.

BP plans to increase this to 36 MW by 2022.

“Decarbonizing dense urban areas is a key challenge as we work to play our part in realizing a net zero world. Blueprint’s technology can help deliver this critical transformation,” said Sam Skerry, senior vice-president of bp Launchpad and Ventures. “It can help secure access to renewable energy and, importantly, also create new business opportunities for many sectors.”

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