bp, Schneider Electric To Collaborate On Low Carbon Energy Solutions For U.S. Customers; Will Explore Energy As A Service

bp and Schneider Electric have signed a memorandum of understanding (MoU) to help decarbonize high-emission customers, in the United States, Australia, the European Union, and U.K.

As noted earlier this year, BP has created a new U.S. retail energy supplier, BP Energy Retail LLC

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.

"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," the companies said

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."

"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," the companies said

"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," the companies said