11/29/2021 | Press release | Distributed by Public on 11/29/2021 17:02
bp, the global integrated energy company and Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World's Most Sustainable Corporation in 2021 by Corporate Knights Global 100 index, have signed a memorandum of understanding (MoU) to help decarbonize high-emission customers, in Australia, the European Union, U.K. and, U.S.
Under the terms of the MoU, bp and Schneider Electric intend to combine skills and capabilities to define and scale integrated energy solutions for cities and commercial and industrial customers in hard to abate sectors, such as high emission transportation and heavy industry.
Together, bp and Schneider Electric's complementary skills in consulting, designing, building, and operating decarbonized energy systems will help companies to achieve their decarbonization targets. In addition, bp and Schneider Electric intend to explore business models to enable customers to lessen the complexity, risk and capital investment of decarbonization by operating such energy systems as a service.
William Lin, EVP, regions, cities and solutions, bp said, "Schneider Electric's expertise is complementary to ours, opening up more opportunities for us to jointly help energy systems decarbonise. Combining bp's energy supply capabilities with Schneider Electric's microgrid and energy management technologies means that together we can offer clean, efficient and resilient solutions to better meet our customers' needs."
"Many of our customers are looking for innovation and expertise to help decarbonize their energy supply and demand systems," says Barbara Frei, Executive Vice President, Industrial Automation, Schneider Electric. "With bp, we're committed to advancing technology solutions and addressing key markets together to help these customers reach net-zero faster."
Schneider Electric will provide decarbonization expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems. Schneider's microgrid platform can integrate on-site renewable power, reliable backup systems including battery storage, electric vehicle infrastructure, and associated energy retail services.
bp brings together technologies and businesses including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovative, integrated and decarbonized energy solutions at scale to help cities and large corporates reduce their carbon emissions.
bp and Schneider intend to collaborate on integrated solutions and technology that address today's most complex energy challenges, to help accelerate the world's transition to net zero.