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bp & Microsoft to Drive Digital Energy Innovation and advance net zero goals

Gasoil News - Published on Fri, 18 Sep 2020

Image Source: bp Microsoft Azure
bp and Microsoft Corp announced that they have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net zero carbon goals of both companies. This includes a co-innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based solution for bp infrastructure and bp supplying renewable energy to help Microsoft meet its 2025 renewable energy goals. A memorandum of understanding signed by bp and Microsoft recognizes the capabilities that each company can provide to accelerate progress towards their sustainability goals and help the world decarbonize. Their co-innovation effort will initially be focused on four areas that combine Microsoft's digital expertise with bp's deep understanding of energy markets:

Smart and clean cities - identifying synergies between Microsoft's 'Smart Cities' initiative and bp's 'Clean Cities' vision, with a goal of identifying areas for strategic collaboration to help cities achieve their sustainability aims.

Clean energy parks - co-development of innovative, clean energy parks with an ecosystem of low carbon technologies such as carbon capture use and storage to prevent or reduce emissions.
Consumer energy - exploring innovative ways to harness the power of data-driven, personalized, actionable insights to empower energy consumers to manage their home energy use and reduce carbon emissions

Industrial Internet of Things solutions - delivering an 'intelligent edge' of capabilities to bp production and operations facilities.

Earlier this year, bp announced its ambition to become a net zero emissions company by 2050 or sooner, and to help the world reach net zero. By the end of the decade, it aims to nave developed around 50 gigawatts of net renewable generating capacity - a 20-fold increase on what it has previously developed, increased annual low carbon investment 10-fold to around$5 billion and cut oil and gas production by 40%. In January 2020, Microsoft announced its goal to be carbon negative by 2030 and remove more carbon from the environment than it has emitted since its founding by 2050. Today's announcements build on the potential that both companies see in working together to help deliver a net zero carbon future.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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