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.

Richard Bartlett

Senior Vice President

Erin Hallock

Investment Director, Explore

David Hayes

Chief Investment Officer and Managing Director

Shaun Healey

Ventures Partner

Louise Kingham

Past deals in Utilities

Lightsource BP Renewable Energy Investments

Acquisition in 2023
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.

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.

Amply Power

Acquisition in 2021
Amply Power, Inc. specializes in charging-as-a-service solutions for electric vehicle fleets, facilitating the transition from traditional to electric vehicles for municipal and commercial operations. Founded in 2018 and based in Mountain View, California, the company offers a fully managed charging system that automates all aspects of EV charging, providing a per-electric-mile-driven service to fleet customers. Amply Power also features AMPLIFY, a centralized charge management software that enhances fleet operations by ensuring vehicles are always road-ready while integrating EV chargers, fleets, grid, and vehicle telematics. This approach supports fleet managers in achieving their zero-emission goals as they scale from pilot projects to full production.

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.

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.

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.

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.

Lightsource BP Renewable Energy Investments

Corporate Round in 2017
Lightsource BP is a global leader in the development, acquisition, and management of large-scale solar energy projects. Specializing in utility-scale solar project development, the company excels in its in-house planning and operational capabilities, allowing it to act as both the owner and manager of its projects. By collaborating with utilities, businesses, local communities, and governments, Lightsource BP addresses the increasing demand for affordable and sustainable energy. The company is committed to delivering competitively-priced, reliable clean energy solutions and aims to deploy at least 8GW of solar capacity worldwide in the coming years. Its focus on solar and smart energy solutions positions Lightsource BP as a significant contributor to the future of global energy delivery.

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.

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.

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.

Solumar

Pre Seed Round in 1925
Solumar is a company focused on developing advanced air and gas filtering technologies aimed at significantly reducing emissions in heavy industries. By employing innovative methods that utilize seawater and principles derived from aviation, Solumar's solutions effectively capture black carbon and greenhouse gas emissions. The company targets various sectors, including city councils, industrial operations, maritime activities, and oil and gas companies, assisting them in complying with environmental regulations and the goals set forth in the Agenda 2050 for emission reductions. Solumar's approach not only promotes sustainability but also offers clients a cost-effective means of achieving their emissions reduction targets.
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