Schneider Electric and BP have signed a memorandum of understanding (MoU) to help decarbonise high-emission customers in Australia, the EU, the UK, and the US.
Under the terms of the MoU, both partners will 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.
The partners’ expertise will help customers achieve their decarbonisation targets. They will explore ways to enable customers to lessen the complexity, risk and capital investment of decarbonisation by operating such energy systems as a service.
Schneider Electric will provide decarbonisation expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems. Its microgrid platform can integrate on-site renewable power, reliable backup systems, including battery storage, electric vehicle infrastructure, and associated energy retail services.
BP brings together technologies and businesses, including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovatively integrated and decarbonised energy solutions at scale to help cities and large corporates reduce their carbon emissions.
William Lin, EVP at BP said, “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.”
Barbara Frei, Executive VP at Schneider Electric, added, “With BP, we’re committed to advancing technology solutions and addressing key markets together to help these customers reach net-zero faster.”