BENGALURU, India, Oct. 28, 2021 /CNW/ -- bp, a global integrated
energy company, and Infosys, (NSE: INFY) (BSE: INFY) (NYSE: INFY),
a global leader in next-generation digital services and consulting,
today announced that they have agreed to develop and pilot an
energy as a service (EaaS) solution, which will aim to help
businesses improve the energy efficiency of infrastructure, and
help meet their decarbonization goals.
Infosys and bp intend to co-develop a digital platform that can
collect data from multiple energy assets and use artificial
intelligence to optimize the energy supply and demand for power,
heat, cooling and EV charging. The companies will pilot the digital
platform at the Infosys Pune Development Center – in an environment
that replicates a small city, where energy is generated, stored,
and consumed at multiple points. Once the pilot is successful, they
will aim to roll this model out across other Infosys campuses in
India, and with some clients, to
help manage energy and help reduce emissions.
In addition, the companies have agreed to collaborate on
integrating solar energy production into the campus' energy system.
Energy that is generated through this integration will be monitored
and optimized by the digital platform and can be stored or
redirected to the building power supply, heating and cooling
systems, and also to an EV charging infrastructure.
Sashi Mukundan, President, bp
India and Senior Vice President,
bp Group, said, "At bp, we set out to provide solutions to
enable cities and hard to abate
industries decarbonize. Integrating advances in energy, mobility
and digital technologies and services has huge potential to
accelerate the progress towards a more sustainable and resilient
future. By bringing together our complementary capabilities,
products, and services from bp's different joint ventures in
India, bp and Infosys can help
each other – and our customers – achieve energy and sustainability
goals faster."
Pravin Rao, Chief Operating
Officer, Infosys, said, "Infosys shares bp's ambitions for a
net zero carbon future. Our collaboration with bp further
strengthens our long-standing commitment towards sustainability and
supports our ambitious ESG goals. We will now bring together the
best of digital technologies – advanced AI, connected digital
systems, experience design, analytics – and decarbonization to
create an integrated energy and mobility offering. Together, bp and
Infosys can create compelling and sustainable value for our
customers globally."
bp in India
With a century-long business presence in India, bp is one of the largest integrated
energy companies in the country. In addition to their gas value
chain partnership, they have a major retail, aviation fuels and
mobility alliance, Jio-bp. bp's activities in India also include Castrol lubricants, oil and
gas trading, clean energy projects through its investment in the
Green Growth Equity Fund (GGEF), IT applications and delivery
activities, an AI enabled new global business services center and a
digital innovation hub, staffing and training for the global bp
marine fleet, and the recruitment of skilled Indian employees for
bp's global businesses.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. We enable clients in more than 50 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer our clients through their digital
journey. We do it by enabling the enterprise with an AI-powered
core that helps prioritize the execution of change. We also empower
the business with agile digital at scale to deliver unprecedented
levels of performance and customer delight. Our always-on learning
agenda drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our
innovation ecosystem.
Visit www.infosys.com to see how Infosys (NSE: INFY) (BSE: INFY)
(NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding COVID-19 and the effects of government and
other measures seeking to contain its spread, risks related to an
economic downturn or recession in India, the United
States and other countries around the world, changes in
political, business, and economic conditions, fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in
India, our ability to attract and
retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India,
unauthorized use of our intellectual property and general economic
conditions affecting our industry and the outcome of pending
litigation and government investigation. Additional risks that
could affect our future operating results are more fully described
in our United States Securities and Exchange Commission filings
including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2021. These filings are
available at www.sec.gov. Infosys may, from time to time, make
additional written and oral forward-looking statements, including
statements contained in the Company's filings with the Securities
and Exchange Commission and our reports to shareholders. The
Company does not undertake to update any forward-looking statements
that may be made from time to time by or on behalf of the Company
unless it is required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bp-and-infosys-to-develop-energy-as-a-service-solution-for-campuses-and-cities-301410882.html
SOURCE Infosys