Collaboration to bring together the best of digital technologies
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) and bp, a global integrated energy company out of the United Kingdom, have agreed to develop and pilot an energy as a service (EaaS) solution, which will aim to help businesses improve the energy efficiency of infrastructure, and help meet their decarbonization goals.
Infosys and bp intend to co-develop a digital platform that can collect data from multiple energy assets and use artificial intelligence to optimize the energy supply and demand for power, heat, cooling and EV charging.
The companies will pilot the digital platform at the Infosys Pune Development Center in an environment that replicates a small city, where energy is generated, stored and consumed at multiple points.
Once the pilot is successful, they will aim to roll this model out across other Infosys campuses in India, and with some clients, to help manage energy and help reduce emissions, said Infosys in a release on 28 Oct 2021.
In addition, the companies have agreed to collaborate on integrating solar energy production into the campus’ energy system. Energy that is generated through this integration will be monitored and optimized by the digital platform and can be stored or redirected to the building power supply, heating and cooling systems, and also to an EV charging infrastructure.
“At bp, we set out to provide solutions to enable cities and hard to abate industries decarbonize. Integrating advances in energy, mobility and digital technologies and services has huge potential to accelerate the progress towards a more sustainable and resilient future,” said Sashi Mukundan, President, bp India and Senior Vice President, bp Group.
“By bringing together our complementary capabilities, products, and services from bp’s different joint ventures in India, bp and Infosys can help each other, and our customers, achieve energy and sustainability goals faster,” said Mukundan.
“Infosys shares bp’s ambitions for a net zero carbon future. Our collaboration with bp further strengthens our long-standing commitment towards sustainability and supports our ambitious ESG goals,” added Pravin Rao, Chief Operating Officer, Infosys.
“We will now bring together the best of digital technologies, advanced AI, connected digital systems, experience design, analytics, and decarbonization to create an integrated energy and mobility offering. Together, bp and Infosys can create compelling and sustainable value for our customers globally.”
With a century-long business presence in India, bp is one of the largest integrated energy companies in the country. In addition to their gas value chain partnership, they have a major retail, aviation fuels and mobility alliance, Jio-bp. bp’s activities in India also include Castrol lubricants, oil and gas trading, clean energy projects through its investment in the Green Growth Equity Fund (GGEF), IT applications and delivery activities, an AI enabled new global business services center and a digital innovation hub, staffing and training for the global bp marine fleet, and the recruitment of skilled Indian employees for bp’s global businesses.
Infosys is a global leader in next-generation digital services and consulting with clients in more than 50 countries to navigate their digital transformation. #technology #energy #renewables #economy #markets /fiinews.com
