BP invests millions in company that supplies 'rapidly deployable' solar tech

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Energy major says investment in 5B wraps up a Series B funding round of 55 million Australian dollars.

BP said 5B had deployed over 60 megawatts of solar tech worldwide, with projects based in Europe, Asia, South America and the United States.'Today's energy system is a hydrocarbon system'the BP strategy focused on simultaneously investing in hydrocarbons and the planned energy transition.

"What the world needs, more than ever right now, is a conversation and a series of actions that are involved in the practicalities and realities of today and tomorrow," Looney said during a panel discussion moderated by CNBC's Hadley Gamble in early November. "Our strategy as BP — which we're executing in the U.K., we're working on here in the Middle East and we're doing it in the United States and across the world — is to invest in hydrocarbons today, because today's energy system is a hydrocarbon system," he added.

Speaking at the Adipec conference in Abu Dhabi, Looney said his company was "obviously trying to produce those hydrocarbons with the lowest possible emissions" whilst at the same time investing in "accelerating the energy transition." "We're doing that in Britain, we're doing that in the United States, we're doing it here," he said, namechecking carbon capture, electric vehicle charging, hydrogen and offshore wind.

 

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bp_America 5B Maverick system is game changing technology with ease of deployment and ready to scale at large..

Long $BP

Why? Its is tax season, nice a little write off therer

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