bp has announced it has agreed to purchase EDF Energy Services, expanding bp’s presence in the US commercial and industrial (C&I) retail power and gas business.
Based in Houston, Texas, EDF ES is a supplier of power, natural gas and related services to C&I customers across the US. Its customers are primarily large corporations and public entities, including retailers, universities, manufacturers and producers, municipalities and power generators. It does not supply residential consumers. The acquisition brings new opportunities for enhanced lower carbon integrated energy solutions for C&I customers, integrating with other bp businesses and capabilities that can support decarbonization goals. These could include bp Wind Energy, bp pulse, and bp Launchpad. Subject to regulatory approvals, the deal is expected to close by the end of the year.
