BP

The collaboration between the tech and energy giants will focus on consumer energy, smart cities, clean energy parks and industrial IoT solutions

The local authority and the oil giant will work together on developing and implementing green energy solutions in the area

That’s the suggestion from Constantine Levoyannis, Head of Policy at Hydrogen Europe, who spoke to FNZ about the transformative power of the energy source

A new report suggests Britain could see the creation of 75,000 new jobs by 2035 if the government placed hydrogen in the heart of its green recovery strategy

The oil giant has also pledged to increase its renewable power generation to 50GW and shrink oil and gas output by 40% compared with 2019

The first phase of the roll-out will see chargers installed and connected at about 30 sites

The Oil and Gas Climate Initiative with member including BP, Chevron, Eni, Equinor, Exxon, Repsol, Shell and Total aim to reduce CO2 to a level between 36 and 52 million tonnes every year

The sale is expected to deliver the energy giant’s target for agreed divestments a year earlier than originally scheduled

The energy giants will accelerate the development of the Net Zero Teesside project, which aims to capture industrial emissions and store them underneath the North Sea

The energy giant has pledged to invest more in low carbon technologies and less in oil and gas after acknowledging ‘the world’s carbon budget is finite and running out fast’