Infosys signs MoU with BP for Energy-as-a-Service platform

Infosys signs MoU with BP for Energy-as-a-Service platform
Photo Credit: Reuters
23 Apr, 2021

London headquartered integrated energy company BP has announced a strategic collaboration with Indian IT (information technology) services major Infosys to develop an integrated Energy-as-a-Service (EaaS) platform for management of energy assets and services and reduce emissions at campuses and cities.  

The companies will work on managing energy assets, provide low carbon power, low carbon heating or cooling and low carbon mobility to campuses driven by an AI-based digital platform.  

The EaaS is being piloted at the Infosys Pune campus to provide low carbon energy and mobility options without additional investments in energy infrastructure. It draws on BPs technologies and businesses in solar and wind together with gas for power, fuels, electric vehicle charging, battery swapping and advanced mobility solutions.  

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“Digitization will act as a driver for decarbonization and building work and living spaces of the future. With the present advancement in technology, we can create solutions that provide positive impulses, transparency, control, and enhanced decision-making,” Pravin Rao, chief operating officer at Infosys said in the statement.  

The companies intend to extend the offer across other Infosys campuses and explore opportunities in business parks as well as cities.

“Integrated energy and mobility solutions have huge potential to enable clean cities powered by low carbon energy, and digital platforms are a vital component. We are excited to work with Infosys to explore how digitally-enabled integrated energy can deliver reliable, efficient and low carbon energy for Infosys campuses,” Sashi Mukundan, president of bp India and senior vice president at bp group in the statement, said.  

According to a Technavio market research, the EaaS market is expected to grow by $19.04 billion during 2021-25