BP Ventures is set up to connect and grow new energy businesses in the upstream, downstream, alternative energy and in five new areas that will drive the energy transition. We have invested $500 million dollars in more than 40 companies since we set up in 2006.
Venturing plays a key role in BP’s strategy to tackle the dual challenge of meeting the world’s need for more energy, while at the same time reducing carbon emissions. We will do this by leveraging our investments across a portfolio of relevant technology businesses that will help BP transition to a low carbon company.