Faced with the growing global combination of energy, although each of the main players in the oil and gas business is looking for ways to obtain a competitive advantage and also meet the cheapest carbon obligations.
The senior executives who realize the main costs of BP (LON: BP), through the financing of corporate venture capital (VC) BP Ventures, declare all about the “future inspectors.
David Gilmour, BP’s Vice President of Business Development, spoke exclusively for Forbes and said that the “double challenge” of today is to provide energy for the world that continues to have greater demands and, at the same time, recognize its obligations along with carbon more low.
“In the dual challenges meeting
BP Ventures is trying to find attractive, valuable and innovative companies that feel out of BP that have a material impact on these twin challenges, we are looking for technologies that can be used in our business as a real difference the efficiency of BP and carbon networks; and it gives us a competitive advantage. ”
David Gilmour, vice president of commercial development at BP, said: “We look for the technology we can use in our business to make a real difference in BP’s efficiency and carbon footprint, and give us a competitive advantage.”
vice president of commercial development at BP, said: “We look for the technology we can use in our business to make a real difference in BP’s efficiency and carbon footprint, and give us a competitive advantage.” BP PLC
On the surface, BP Ventures can meet as a routine VC financing event, but the ultimate goal is different from conventional funds. “BP companies began in 2006 as part of our alternative energy business, as the business grew, this division was found as an arm of innovation that delivered genetic assets to biodiversity, solar farmers to wind turbines.
“In 2012, we completed our thinking and made it more strategic, instead of remembering the start of a large amount of venture capital funds, our thought process is more widely considered and measured that certain companies can differentiate our growth.”
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Gilmour points to the mantra as an investment objective of tracking, monitoring, nutrition and adults. “We are not only looking for the potential of financial profitability and not necessarily ownership, but also companies, we are not a venture capital fund with a philosophy of” try before you buy “”.
BP Ventures mainly involves a decent game in five areas: biological products, sophisticated mobility, digital transformation, carbon and energy reduction, especially electric mobility. And the new investment gives the appointment at the point.
In June, it has announced both novelties. BP Ventures announced a $ 30 million stake in California. Calysta, based in the USA UU., It is a company that seeks to increase agricultural and livestock fortune through the production of proteins from methane.
Prior to June 11, StoreDot
an Israeli-based developer of $ 20 million in energy in 2018, joined the oil company to announce a prototype equipment to charge electric scooters in 5 minutes.
“I can only describe the investment as win-win, we get the technology we need, we begin to feel the risk and win BP as a customer.”
In the classical sense, it is not monetization that usually has venture capital financing. Direct correlations can be established with the investment and the BP portfolio. Most oils measure electrical power points on the front, as in emerging markets such as Mexico, and methane toys are also in hydrocarbon mixtures.
“As the emphasis on emission reductions increases and the world lands on a new energy limit [where coal appears, natural gas alternates with alternative carbon and increases mobility], the investment is appropriate” .
And you might find that the giant oil accessory accessories pursue investment opportunities from Israel to India, from Scotland to the Silicon Valley, which may indicate that the agreement was through a small team. Gilmour has 3 directors of regional authorities and 15 specialists in VC that help them. “We are a dispersed global organization, we are looking for