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Emerson’s unveils new industrial edge-computing software for manufacturers

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Emerson has unveiled the PACEdge industrial edge platform designed to help manufacturers accelerate digital transformation projects by enabling users to quickly create and scale up performance-improving applications.

Emerson says the PACEdge platform simplifies application development by bringing together today’s leading open-source tools into a flexible, integrated and secure platform for utilising machine data and analytics.

The PACEdge release coincides with the launch of Emerson’s new PACSystems RXi2-BP edge computer, a small form-factor industrial PC that enables high-performance analytics to be run close to the machine. [Read more…] about Emerson’s unveils new industrial edge-computing software for manufacturers

BP’s sale of its petrochemicals business suggests big oil is trying to become big electric

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BP recently sold its petrochemicals business for $5 billion to Ineos, a move which suggests that “big oil” companies are trying to become “big electric” suppliers.

The Wall Street Journal says the sale was the “largest deal by an oil major since the coronavirus outbreak gripped the global economy”.

WSJ says the transaction would enable BP to different itself from its rivals, many of which are forecasting significant growth for the segment and don’t look like they want to sell or leave the petrochemicals sector. [Read more…] about BP’s sale of its petrochemicals business suggests big oil is trying to become big electric

BP to migrate all its data to Amazon Web Services

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Energy major BP is to to go “all-in” on Amazon Web Services and migrate its data to the online retail and cloud computing giant.

BP is closing its European mega data centers and migrating all data and 900 key applications currently hosted there to AWS, as part of a company-wide program to accelerate the digitization of its infrastructure and operations.

The two European mega data centers, the largest that BP operates globally, host data from across all BP’s businesses. [Read more…] about BP to migrate all its data to Amazon Web Services

StoreDot and BP fully charge an electric vehicle in five minutes

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StoreDot and BP have demonstrated a live, full-charge of a two-wheel electric vehicle (EV) in just five minutes.

An electric scooter equipped with StoreDot’s charging battery demonstrated that this technology can charge an electric vehicle in only five minutes.

This proof-of-concept is a major milestone for ultra-fast charging battery technology and its game-changing potential to accelerate the adoption of EVs.

[Read more…] about StoreDot and BP fully charge an electric vehicle in five minutes

BP partners with mobility technology accelerator Startup Autobahn

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BP has become the latest corporate partner to join Startup Autobahn, the global mobility technology accelerator founded by Daimler, Plug And Play, the University of Stuttgart and Arena2036.

Startup Autobahn identifies startup ventures from around the world that have innovative technologies and business models, with a particular focus on developments in mobility.

It connects them with its corporate partners to facilitate collaboration and accelerate the development of products, services and ways of working that could advance mobility.

[Read more…] about BP partners with mobility technology accelerator Startup Autobahn

BP invests in Chinese electric vehicle charging platform

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BP Ventures has invested in PowerShare, a leading integrated hardware and software solutions provider for electric vehicle (EV) charging in China.

The investment is part of PowerShare’s Series A round, which was led by BP Ventures and draws support from DETONG Capital Partners, a leading private equity firm in China.

PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers, streamlining the charging experience from locating a charge point through to paying for the power supply.

[Read more…] about BP invests in Chinese electric vehicle charging platform

BP invests in new artificial intelligence technology

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BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its Upstream business.

The investment supports BP’s ongoing work exploring opportunities to apply machine learning and cognitive computing in its global oil and gas business.

The Houston technology start-up has developed a cloud-based geoscience platform using AI. The platform has a string of unique capabilities including specially-designed ‘knowledge-graphs’.

[Read more…] about BP invests in new artificial intelligence technology