bp announced it agreed to purchase EDF Energy Services, expanding presence of bp in the United States commercial and industrial (C&I) retail power and gas business. EDF Energy Services is a leading supplier of power, natural gas, and related services to C&I customers across the country.
Customers of EDF Energy Services are primarily public entities and large corporations, including universities, retailers, producers, manufacturers, power generators, and municipalities. It does not supply residential consumers.
EDF Energy Services has a significant set of diverse C&I customers, and a wide geographical reach, with the expanding capability of bp to deliver energy solutions and additional services directly to the end-use customers in existing and new markets.
This acquisition also brings new opportunities for enhanced low-carbon integrated energy solutions for C&I customers, with the integration of several other capabilities and bp businesses that can support decarbonisation goals. These also include bp Wind Energy, bp Launcpad, and bp Pulse.
Dave Lawler, president and chairman, bp America, said EDF Energy Services is a leading retail power supplier in the United States to C&I customers. They are excited to welcome the team to bp. This is the type of high-calibre business that helps drive the transformation of bp, giving more customers the affordable, secure, and low-carbon energy they want while creating value for their shareholders.