BP Alternative Energy Ventures has invested in energy management platform developer Grid Edge, which is expected to use the funds to expand within the UK and, potentially, Europe. Grid Edge's cloud-based platform uses data, such as weather forecasts, and the expected occupancy of a property to enable building managers to reduce energy costs and carbon emissions. The investment is part of BP Alternative Energy's initiative to explore the use of AI and machine learning in its oil and gas business, as well as being part of BP Alternative Energy Alternative Energy strategies.
BP Ventures has invested in energy management platform developer Grid Edge, which is expected to use the funds to expand within the UK and, potentially, Europe. Grid Edge's cloud-based platform uses data, such as weather forecasts, and the expected occupancy of a property to enable building managers to reduce energy costs and carbon emissions. The investment is part of BP's initiative to explore the use of AI and machine learning in its oil and gas business, as well as being part of BP Alternative Energy strategies.