Smart Cities

BP’s Blueprint for Decarbonizing Commercial Real Estate

British oil giant BP has acquired US-based building energy technology firm Blueprint Power.  Born in response to the energy regulatory transformation that emerged after hurricane Sandy in 2012, Blueprint’s technology supports the decarbonization of real estate by turning buildings into a flexible power network by connecting them to energy markets through cloud-based software. Blueprint will join the BP Launchpad portfolio, supporting an ambitious growth plan that will see the team expand to several major US urban power markets. BP will also explore how Blueprint can work with its various departments to lower the cost of renewable energy and support the decarbonization of both cities and carbon-intensive industries. “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. It can help secure access to renewable energy and, importantly, also create new business opportunities for many sectors,” said Sam Skerry, SVP of BP Launchpad & […]

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