BP invests in AI tech company Grid Edge

first_imgThe investment is in support of BP Alternative Energy’s wider low-carbon power, storage and digital energy Image: BP Ventures has invested in artificial intelligence (AI) developer Grid Edge. Photo: courtesy of rawpixel/Pixabay. Oil and gas major BP, through its investment arm BP Ventures, has invested in artificial intelligence (AI) developer Grid Edge to expand its digital energy portfolio.Grid Edge has created a cloud-based software which anticipates a building’s energy demand, allowing building managers to offset carbon dioxide emissions and energy costs.The platform uses data including expected occupancy and weather forecasts to enable customers to adapt their energy usage, leveraging periods of high renewable power generation.Grid Edge CEO Tom Anderson said: “It is only a few short years since the founding partners left Aston University to pursue our vision of putting data-driven, intelligent control into the hands of energy consumers and we’re proud to be working with some of the UK’s leading building operators to optimise their energy profile through our predictive AI technology.“We are delighted to have brought on board two world-leading investors who believe in our vision and share our ambitions to change the way people use energy.”The investment is in support of BP Alternative Energy’s wider low-carbon power, storage and digital energy strategies. The Grid Edge’s technology is claimed to enable customers to reduce carbon emissions by 10-15%, with some recording a reduction of more than 30%.BP Ventures managing director Nacho Gimenez said:  “This is the most efficient way to reduce the carbon intensity and power consumption required to keep buildings comfortable.“Grid Edge’s machine learning and data-driven approach is what really sets them apart. We look forward to working closely together and welcoming them to the BP Ventures family.”In 2016, Grid Edge was spun out of Aston University’s Energy Research Institute.BP Ventures joined by Goldacre in Grid Edge’s funding round  BP Ventures is joined by family office investment house in the funding round of Grid Edge.The funding is expected to allow Grid Edge to expand in the UK market and explore further opportunities in Europe.last_img read more

How to protect your most valuable asset

first_imgBurglar before burglary into the house, horizontalFOR most of us, our home is our largest asset and therefore must be protectedResearch from the US suggests it takes four months to recover financially from a home break-in, so for the financial and emotional stability, prevention is the best form of attack. There is an added benefit for preventing crime in your area, which is that it will improve your resale value. A low-crime area will appeal to all buyers because everyone seeks safety and security when they buy a property. Queensland Police offer some handy tips for helping homeowners protect their largest asset, as well as the assets within their home. ■  Clear the view: Shrubbery and greenery that obscures the front door from the street can give thieves cover while they break in to your property through the front door. Clear any bushes or shrubs that impede a clear line of sight. More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020 ■ Reinforce access points: Thieves often damage the door or window when they’re trying to break in, so strengthen these access points with reinforced barriers such as a solid door or security grills and shutters on the windows. ■ Keys within reach: Keep your car keys on your bedside table. Many car fobs contain panic buttons and when you press it the car horn and lights flick on and off repeatedly.This can scare would-be thieves away. ■ Garage door remotes: Bundaberg Police reported that a garage door opener was stolen from a car and then later used to burgle the owner’s house. Keep these handy items out of plain sight, such as in the glove box, so opportunistic thieves don’t grab them. ■ Reference checks: The Queensland Police service advises before you hire a cleaner or handyman who will have access to your keys, you check their references and check their criminal history. ■ Motion sensors: Put motion sensor lights in your front and back yard. A floodlit environment will discourage criminals from hanging around especially if they can be seen easily by neighbours and passing traffic. These are just a few handy tips that could be quickly and easily implemented and will contribute to the safety and security of your largest asset.last_img read more