The Challenge
Optimizing energy production and consumption across assets, and high energy costs during peak times.
The AI Solution
Investment in AI platforms for data interpretation and simulation, plus acquisition of Open Energi whose AI optimizes energy usage during peak grid periods.
Type of AI Used: AI Optimization and Predictive Analytics
Results & Impact
BP's AI initiatives resulted in about $10 million in annual savings. Improved flexibility in management of 80+ MW of energy assets.
