Benzinga | Apr 22, 2021 06:20AM EDT

BP and Infosys Announce Strategic Collaboration to Drive Integrated Energy Offers to Reduce Emissions at Campuses and Cities

Infosys (NYSE:INFY), a global leader in next-generation digital services and consulting and bp, a global integrated energy company, today announced that they have signed a memorandum of understanding (MoU) under which both companies intend to work together to develop an integrated Energy-as-a-Service (EaaS) offering that will provide end-to-end management of a customers' energy assets and services.

Together, the companies intend to explore opportunities using bp's energy and mobility expertise and Infosys' digital capabilities to manage energy assets, provide low carbon power, low carbon heating/cooling, and low carbon mobility to campuses, driven by an AI-based digital platform. bp's integrated energy offer draws on technologies and businesses in solar and wind together with gas for power, fuels, electric vehicle charging, battery swapping and advanced mobility solutions.

The integrated Energy-as-a-Service solution aims to enable Infosys campuses to access reliable low carbon energy and mobility options, use energy more efficiently, and to optimize supply and demand across multiple users and assets, without having to invest in additional energy infrastructure.

Following a pilot at Infosys' Pune campus, the companies intend to extend the offer to other Infosys campuses and explore opportunities to manage energy and reduce emissions at industrial and business parks as well as cities.

Infosys achieved carbon neutrality in 2020 - 30 years ahead of the timeline set by the Paris Agreement. bp has an ambition to become a net zero company by 2050 or sooner and help the world get to net zero. Together, both companies see potential in applying digital services to integrated energy solutions and help decarbonize corporations and cities.