BP Ventures

BP Ventures is a venture capital firm established in 2007, investing in private technology companies to accelerate innovation across the energy sector. With over $400 million invested across more than 40 entities and over 200 co-investors, BP Ventures focuses on Oil & Gas Value Chain, Low Carbon Technologies & Fuels, and Energy Usage & Trading, delivering near-term business value while backing breakthrough innovations for a sustainable future.

Felipe Arbelaez

Senior Vice President Zero Carbon Energy

Bob Dudley

Group Chief Executive

Claire Farrant

VP Mobility and Convenience Europe

JO HAYWARD

VP for convenience in Europe and global convenience strategy and proposition lead at BP

Erin Hallock

Investment Director, Explore

Louise Kingham

SVP for Europe and UK Head of Country

Sophia Nadur

Managing Director, AsPac and Middle East

Brian Puffer

CFO and CRO for BP Integrated Supply and Trading

Doris Reiter

Senior Vice President

Dev Sanyal

Chief Executive, Alternative Energy and Executive Vice President, Regions

Martin Sellers

Low Carbon Digital Technology Principal

Meghan Sharp

Managing Director

Johnathan Stone

Venture Principal

Past deals in Energy

Grid Edge

Venture Round in 2025
Grid Edge develops AI-driven energy management software for commercial and public buildings. Its cloud-based platform predicts and optimizes building energy loads by integrating with building energy management systems and smart meters. Using hybrid deep learning and data analytics, the solution forecasts energy demand and allocates resources to reduce energy costs and carbon emissions while turning on-site technologies into more efficient, revenue-ready assets. The company aims to help building owners and operators manage energy profiles proactively, enhancing grid participation through intelligent control of energy distribution.

Lianyungang Jiaao Enproenergy

Secondary Market in 2024
Lianyungang Jiaao Enproenergy provides sustainable aviation fuel services.

Getec Energie

Acquisition in 2024
Getec Energie is a company that specializes in comprehensive energy management and procurement services for various sectors, including real estate, retail chains, the public sector, and energy consulting. It provides a diverse array of services aimed at promoting efficient and sustainable energy practices. These services include energy supply, sustainable energy production, access to energy markets, e-charging infrastructure, and mobility solutions. Additionally, Getec Energie focuses on the commercialization of green electricity and balancing group management, assisting clients in effectively managing their energy resources while supporting sustainability initiatives.

WasteFuel

Series B in 2023
WasteFuel is a company focused on generating sustainable fuels to combat the climate emergency and transform mobility. It employs scalable technologies to convert municipal and agricultural waste into low-carbon fuels, specifically green methanol. WasteFuel has developed innovative pathways that enhance production yields and further minimize emissions, providing industries with compliant, sustainable fuel solutions.

Eavor Technologies

Series B in 2023
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loop™ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.

ETZ

Grant in 2023
ETZ is a pioneer in the field of net zero energy transition and a net exporter of goods, services, technology, and expertise.

Eavor Technologies

Venture Round in 2023
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loop™ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.

Archaea Energy

Acquisition in 2022
Archaea Energy is a developer of renewable natural gas (RNG) in the United States. Founded in 2018 in Canonsburg, Pennsylvania, the company focuses on capturing waste emissions and converting them into low-carbon fuel. It builds, operates, and maintains RNG facilities to supply fuel for industries difficult to electrify. Archaea Energy aims to redefine the RNG industry through a disciplined, sustainable project-development approach and by selling RNG under long-term, fixed-price contracts to creditworthy partners. The business emphasizes cost-efficient manufacturing and scalable deployment of RNG projects to support decarbonization efforts.

FreeWire

Series D in 2022
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

BTR Energy

Series A in 2021
Founded in 2015, BTR Energy is a technology company based in Gaithersburg, Maryland. It offers a data-driven platform that enables businesses in agriculture, electric transportation, and power industries to participate in low-carbon transportation programs, helping them reduce emissions and benefit from tradable energy credits.

Grid Edge

Venture Round in 2021
Grid Edge develops AI-driven energy management software for commercial and public buildings. Its cloud-based platform predicts and optimizes building energy loads by integrating with building energy management systems and smart meters. Using hybrid deep learning and data analytics, the solution forecasts energy demand and allocates resources to reduce energy costs and carbon emissions while turning on-site technologies into more efficient, revenue-ready assets. The company aims to help building owners and operators manage energy profiles proactively, enhancing grid participation through intelligent control of energy distribution.

Blueprint Power

Acquisition in 2021
Blueprint Power is a New York-based technology company that develops machine-learning tools to automate the management, aggregation, orchestration, and market transactions of energy assets across commercial buildings. The platform enables buildings to function as distributed power plants by optimizing energy use and monetizing capacity through participation in wholesale energy markets. By applying data analytics, it helps regional groups of real estate owners monetize existing energy assets and generate additional revenue streams, improving the financial sustainability of their portfolios as the energy system evolves toward greater use of distributed resources. Founded in 2017, the company supports the monetization and efficient operation of building-scale energy assets.

Open Energi

Acquisition in 2021
Open Energi provides a real-time electricity consumption management platform for businesses across various sectors in the UK. It optimizes energy usage to reduce costs and generate revenue through its Dynamic Demand 2.0 platform, which uses AI to coordinate distributed energy resources safely and trade flexibility across markets.

Eavor Technologies

Venture Round in 2021
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loop™ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.

FreeWire

Series C in 2021
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

FreeWire

Series B in 2020
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Modumetal

Venture Round in 2019
Modumetal, Inc. specializes in the development and manufacturing of nano-laminated metals and materials, catering to various industries including energy, aerospace, automotive, defense, infrastructure, and construction. Founded in 2006 and based in Seattle, Washington, with an additional sales office in The Woodlands, Texas, the company utilizes a proprietary technology that produces these alloys at an industrial scale. Modumetal's products are engineered to be stronger, lighter, and more corrosion-resistant than traditional metals, achieved through a manufacturing process that employs electricity instead of heat, thereby minimizing environmental impact. The company's offerings include customized alloys, nano-laminated fasteners, pumps, valves, and production tubulars, all designed to enhance performance and durability while maintaining competitive pricing compared to conventional materials.

Grid Edge

Series A in 2019
Grid Edge develops AI-driven energy management software for commercial and public buildings. Its cloud-based platform predicts and optimizes building energy loads by integrating with building energy management systems and smart meters. Using hybrid deep learning and data analytics, the solution forecasts energy demand and allocates resources to reduce energy costs and carbon emissions while turning on-site technologies into more efficient, revenue-ready assets. The company aims to help building owners and operators manage energy profiles proactively, enhancing grid participation through intelligent control of energy distribution.

enjoyelec Tech

Series A in 2019
Enjoyelec Tech, formerly known as PowerShare, is a pioneering energy digital enterprise based in Suzhou, China, specializing in innovative solutions for the clean energy market. Founded in 2015, the company manufactures hardware for electric vehicle (EV) charging, including automatic charging robots and charging control units, while also providing a network of charging stations. Enjoyelec Tech develops a cloud-based platform that facilitates connections among EV drivers, charge point operators, and power suppliers, enabling users to locate charging points, manage payments, and optimize power demand. Utilizing over 100 proprietary AI algorithms, the company offers a range of products and services such as Virtual Power Plants, Home Energy Management Systems, and Battery AI Platforms. Their solutions are designed to meet the needs of automobile manufacturers, charging operators, and various stakeholders in the clean energy ecosystem, supporting the transition to a sustainable energy future through advanced technology and digital innovation.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Voltaware

Series A in 2018
Voltaware develops an energy monitoring solution that provides real-time monitoring of electricity consumption and home energy management. The device tracks electrical usage via built-in sensors, converts consumption data into actionable insights, and performs energy disaggregation to identify which appliances consume power. The platform supports both residential and small business users, offering energy-saving advice, predictive maintenance, and guidance to optimize bills and access competitive energy offerings. The company, founded in 2014 and based in London, aims to increase transparency in energy usage and help customers improve efficiency without compromising lifestyle.

simuwatt

Non Equity Assistance in 2018
Simuwatt, Inc. is a company focused on enhancing energy efficiency in commercial buildings through its innovative application and platform. Founded in 2016 and based in Boulder, Colorado, the company offers a cloud-based software application known as Energy Auditor. This application enables commercial building energy assessments by identifying, collecting, analyzing, and acting on energy efficiency opportunities throughout the building lifecycle. The Energy Auditor application is accessible via web browsers, iPads, and Windows 10, allowing users to generate and organize data effectively. This data is essential for driving energy-based capital improvements and facilitates comprehensive reporting and portfolio-wide tracking. Simuwatt aims to empower building owners and managers to optimize energy usage and improve sustainability.

FreeWire

Series A in 2018
FreeWire Technologies, Inc. is a manufacturer of mobile electric vehicle (EV) chargers, focused on providing innovative charging solutions that enhance the accessibility of EV charging infrastructure. Established in 2014 and based in San Leandro, California, the company produces several models, including the Mobi Charger v0, v1, and v2, which cater to varying charging needs and capabilities. FreeWire’s flagship product, the Boost Charger, integrates battery technology with power conversion systems, allowing for high-power charging without the need for extensive grid upgrades. This technology enables ultrafast charging at locations that typically lack sufficient electrical infrastructure. FreeWire has successfully deployed its battery-integrated chargers across the United States, serving Fortune 100 companies, commercial clients, fleets, and retail spaces, and has partnered with major organizations to expand its reach. Additionally, the company's systems provide clean and quiet power solutions, effectively replacing or supplementing diesel generators for various remote power applications, thereby supporting the transition away from fossil fuels.

Fulcrum Bioenergy

Venture Round in 2016
Fulcrum Bioenergy converts municipal solid waste into low-carbon transportation fuels such as jet fuel and diesel. Founded in 2007, the company uses a proprietary thermochemical process to convert sorted waste into ethanol.

Heliex Power

Venture Round in 2016
Heliex Power designs and manufactures power generation systems that harness steam energy for electricity production. Its key products include Heliex GenSet (a generator set), Heliex SteamDrive (an electronic motor), Heliex AirComp (an air compressor), and Heliex SteamComp (a steam recompressor). The company serves diverse industries such as chemical, pharmaceutical, agro crop processing, poultry, waste incineration, manufacturing, timber, glass, steel, distilling, district heating, and food.

Modumetal

Venture Round in 2015
Modumetal, Inc. specializes in the development and manufacturing of nano-laminated metals and materials, catering to various industries including energy, aerospace, automotive, defense, infrastructure, and construction. Founded in 2006 and based in Seattle, Washington, with an additional sales office in The Woodlands, Texas, the company utilizes a proprietary technology that produces these alloys at an industrial scale. Modumetal's products are engineered to be stronger, lighter, and more corrosion-resistant than traditional metals, achieved through a manufacturing process that employs electricity instead of heat, thereby minimizing environmental impact. The company's offerings include customized alloys, nano-laminated fasteners, pumps, valves, and production tubulars, all designed to enhance performance and durability while maintaining competitive pricing compared to conventional materials.

Verdezyne

Venture Round in 2014
Verdezyne is a private company specializing in synthetic biology, focusing on the production of chemicals from renewable sources. The company leverages its expertise in biological science and proprietary computational algorithms to design and synthesize diverse gene libraries for engineering proteins, metabolic pathways, and microorganisms. Through this innovative approach, Verdezyne aims to optimize commercial fermentation processes, allowing for the creation of sustainable alternatives to petrochemicals. Its platform combines advanced biological techniques with proven manufacturing technologies, enabling the production of a wide range of chemical building blocks and additives used in everyday products. By reducing dependence on oil, Verdezyne provides cost-effective and environmentally friendly solutions in the chemical industry.

Infuse Ventures

Venture Round in 2014
Founded in 2013 and headquartered at IIM Ahmedabad's CIIE, Infuse Ventures supports early-stage entrepreneurs in India focused on cleantech and sustainability. They provide mentoring support, global partnerships, and seed capital to help build and scale new businesses.

MIT Energy Initiative

Venture Round in 2012
The MIT Energy Initiative (MITEI) is a research and education organization dedicated to addressing global energy challenges through multidisciplinary approaches. Established based on recommendations from the 2006 Report of the Energy Research Council, MITEI focuses on fostering collaboration across academic disciplines and with industry partners. The initiative aims to develop clean energy technologies and solutions, including carbon capture, utilization, storage, electric power systems, energy bioscience, energy storage, materials for energy and extreme environments, advanced nuclear energy systems, nuclear fusion, and solar energy. Additionally, MITEI works on enhancing the energy efficiency of MIT's campus through student-led projects and engages in policy outreach to provide technically grounded analysis.

BrightSource

Series F in 2012
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

GMZ Energy

Series C in 2011
GMZ Energy specializes in developing thermoelectric energy conversion technologies. Founded on scientific discoveries from MIT and Boston College, the company aims to provide efficient and environmentally friendly solutions for cooling and power applications, focusing on air-conditioning, heat pumping, waste heat recovery, and solar thermal energy conversion.

Verdezyne

Venture Round in 2011
Verdezyne is a private company specializing in synthetic biology, focusing on the production of chemicals from renewable sources. The company leverages its expertise in biological science and proprietary computational algorithms to design and synthesize diverse gene libraries for engineering proteins, metabolic pathways, and microorganisms. Through this innovative approach, Verdezyne aims to optimize commercial fermentation processes, allowing for the creation of sustainable alternatives to petrochemicals. Its platform combines advanced biological techniques with proven manufacturing technologies, enabling the production of a wide range of chemical building blocks and additives used in everyday products. By reducing dependence on oil, Verdezyne provides cost-effective and environmentally friendly solutions in the chemical industry.

Verenium

Venture Round in 2008
Verenium is a company focused on developing and applying enzymatic solutions for industrial processes, including biofuel production. It combines capabilities in enzyme discovery, pre-treatment, fermentation, engineering, and project development to commercialize proprietary technology for producing cellulosic ethanol from diverse feedstocks such as sugarcane bagasse, energy crops, agricultural waste, and wood products. Beyond biofuels, the company envisions large-scale opportunities for products derived from low-cost biomass-derived sugars. Verenium also pursues enzyme development for multiple sectors, including food and fuel, utilizing microbial DNA directly from samples to identify candidate enzymes without culturing. This approach aims to accelerate identification of enzymes tailored to industrial needs and markets.

BrightSource

Series C in 2008
BrightSource Energy, Inc. is a solar thermal technology company that specializes in designing, developing, and selling systems for utility-scale electric power plants both in the United States and internationally. The company utilizes fields of tracking mirrors, known as heliostats, which are controlled by proprietary software to concentrate sunlight onto a solar receiver/boiler unit, producing high-temperature steam. This steam can be harnessed for electricity generation via conventional steam turbines or for industrial applications, such as thermal enhanced oil recovery. In addition to its core technology, BrightSource provides comprehensive project development services that include site acquisition, permitting, and interconnection to the electrical grid. The company targets utility-scale solar thermal power project owners, contractors, and oil production companies, fostering strategic partnerships with notable firms in the industry. Founded in 2004 and headquartered in Oakland, California, BrightSource aims to offer low-cost, reliable clean energy solutions that help reduce dependency on fossil fuels.

Viridos

Corporate Round in 2007
Viridos is a company that develops and commercializes genomic-driven solutions aimed at tackling global energy and environmental issues. It specializes in synthesizing and programming DNA to create and utilize technologies in synthetic genomics. The company designs and develops microbes for various industrial processes and environmental applications, including microbial cultivation technologies that identify novel microorganisms and new genes. Additionally, Viridos focuses on enhancing biofuel production, utilizing photosynthetic organisms to generate value-added products from sunlight and carbon dioxide, and improving the recovery rates of subsurface hydrocarbons. Its innovations also extend to the development of high-yield, disease-resistant feedstocks. Through these efforts, Viridos contributes to the production of energy, chemicals, and pharmaceuticals, while also promoting carbon sequestration and environmental remediation.

Veba Oel AG

Acquisition in 2001
Veba Oel AG engages in the exploration and production of crude oil and natural gas, the processing of crude oil and the marketing of the finished products, consisting essentially of motor fuels, heating oils, chemical feedstock and plastics.

Green Mountain Energy

Private Equity Round in 2000
Green Mountain Energy Company, founded in 1997 and headquartered in Austin, Texas, specializes in the generation and distribution of alternative energy. The company offers electricity products sourced from clean, renewable resources such as wind and solar, catering to residential and commercial clients seeking sustainable energy solutions. In addition to energy supply, Green Mountain Energy provides solar panel systems and carbon offset products, enabling customers to reduce their carbon emissions and work towards achieving a zero-carbon footprint. Through its services, the company promotes sustainability efforts and environmental benefits for homes and small businesses alike.

Altra Energy Technologies

Venture Round in 2000
Altra Energy Technologies, Inc. along with its subsidiaries, is the leading provider of business-to-business e-commerce products and services to the energy market. Altra operates Altrade, a real-time, anonymous electronic marketplace where customers meet on-line to trade natural gas, crude oil, natural gas liquids and power. Altra is also the worldwide leader in energy transaction management systems, which its customers use for risk management, physical delivery and financial settlement in their energy trading operations. These systems allow for seamless, electronic integration between deal capture, portfolio monitoring, physical scheduling and back-office reconciliation of completed transactions. With over 6,000 users around the globe, more energy is bought, sold and transported through Altra systems than any other technology worldwide.
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