Infosys and BP to develop AI powered Energy as a Service platform

BP has now announced a strategic collaboration and signed an energy services agreement with Infosys to develop an integrated AI-powered Energy as a Service (EaaS) platform.

The Energy as a Services (EaaS) platform intends to offer management of energy assets and services and further help in reducing the emissions at cities and campuses. 

In a recent Research and Markets report, the global Energy as a Service market is projected to reach US$88.4 billion by the year 2027. trailing a CAGR of 8.6% over the analysis period 2020 through 2027. For companies across the globe, electricity account is one of the major shares of expenditure. 

bp is an integrated energy services group with operations in Europe, North and South America, Australasia, Asia, and Africa.

Pravin Rao, Chief Operating Officer, Infosys, said, "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. Infosys has had a long-standing commitment towards sustainability. We have crafted ambitious ESG goals for the next decade, continuing to focus on reducing emissions and co-creating solutions for a no/low carbon future. bp – our strategic partner for the last 16 years – shares our ambitions for a net zero carbon future and this partnership gives us a perfect opportunity to co-innovate and co-create the Integrated Energy and mobility offering leveraging Infosys digital prowess and bp’s expertise in sustainable energy solutions. Together we will strive towards a cleaner and greener future."

Sashi Mukundan, President, bp India, and SVP bp group, said, "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. Through this strategic collaboration bp and Infosys can combine our capabilities to manage energy for Infosys in India, and in time take this offer to other campuses, industrial parks and cities, to help the world decarbonise faster."

Energy-as-a-Service (EaaS) is growing in its importance due to its ability to reduce energy costs. According to the Markets and Markets report, the global list of energy as a service companies includes Schneider Electric (France), Engie (France), Siemens (Germany), Honeywell (US), Veolia (France), Enel X (Italy), and EDF Renewable Energy (California).

As part of Infosys and bp partnership, both companies also intend to work on managing energy assets, low carbon heating or cooling, provide low carbon power and low carbon mobility at the Infosys' campuses. The digital platform will also leverage artificial intelligence. In general, Energy-as-a-Service (EaaS) includes measurement of power consumption by all electrical equipment in the business uses. It includes deployment of AI, MI, IoT, and smart meters to read HVAC units, compressors, pumps, elevator motors.

The current Energy as a Service (EaaS) is being piloted at the Infosys' Pune campus. This will help in using carbon energy and mobility options without additional investments in energy infrastructure.

It even draws on bp's technologies and businesses in the wind and solar together with the gas for power, battery swapping, electric vehicle charging, fuels, and advanced mobility solutions.

The company intends to extend the pilot project across other Infosys campuses and explore opportunities in the business parks as well as cities, notes the announcement.