BP Acquires US Tech Firm that Turns Commercial Buildings into Virtual Power Plants

BP has acquired Blueprint Power, a U.S.-based technology company whose technology can help turn buildings into a flexible power network by connecting them to energy markets through cloud-based software.

Hart Energy Staff
BP Acquires US Tech Firm that Turns Commercial Buildings into Virtual Power Plants

Blueprint will join the BP Launchpad portfolio, supporting an ambitious growth plan that will see the team launch in several major U.S. urban power markets. (Source: BP Plc)

BP has acquired Blueprint Power (Blueprint), a U.S.-based technology company whose technology can help turn buildings into a flexible power network by connecting them to energy markets through cloud-based software. Blueprint’s technology presents an opportunity to help decarbonize commercial real estate, help real estate owners meet their environmental goals, and give them access to new revenue streams.

Founded in response to new energy regulations after the Hurricane Sandy black-out in New York, Blueprint uses bespoke algorithms to optimize the energy efficiency of buildings and connect them to power markets. This allows commercial building owners to sell surplus energy stored in batteries or power generated on site from equipment such as solar panels.  

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