bp to invest up to £50 million in new global battery research and development centre in Britain

bp continues to invest in the UK, with a new investment of up to £50 million for a new electric vehicle test center and analytical laboratory in Pangbourne

bp today unveiled plans to invest up to £50 million (approximately $60 million) in a new, state-of-the-art electric vehicle (EV) test center and analytical laboratory in the UK. bp has previously announced its intention to invest up to £18 billion in the UK energy system by the end of 2030; this additional new investment is another example of bp’s commitment to the country.

Scheduled to open in late 2024, the new facilities will be located at bp’s existing global headquarters for its Castrol operations in Pangbourne, Berkshire, and will support the technology, engineering and scientific functions housed there today. Already researching and developing fuels, lubricants and EV fluids, the site aims to become a leading hub for fluid technologies and engineering in the UK.

‘We support Britain. We are fully committed to the energy transition in the UK. This additional investment will help accelerate the transition to electric vehicles by developing solutions to decarbonise the transport sector. This is another example of our ambitious plans to do more and go faster,” said Louise Kingham, bp’s UK Head of Country.

The new facilities will help advance the development of leading fluid technologies and engineering for hybrid and full battery electric vehicles, aiming to bring the industry closer to reaching key tipping points for mainstream electric vehicle (EV) adoption. Castrol ON’s advanced e-liquids manage temperatures in the battery, enabling ultra-fast charging and improving efficiency, allowing EVs to go further on a single charge and extend the life of the propulsion system.

In addition, the advanced e-fluid technologies and engineering can be applied to other industries such as thermal management fluids for data centers where demand is increasing exponentially. Most of the world’s Internet Protocol (IP) traffic passes through data centers and since 2010, the number of Internet users worldwide has doubled, while global Internet traffic has increased fivefold, a trend that is expected to continue in the next decade.

“We are committed to supporting the electrification of transportation and the introduction of electric vehicles. The growth of EV liquids is a huge opportunity and we want to be the market leader in this sector.”

Michelle Jou, CEO Castrol

Michelle Jou, CEO of Castrol said: “We are committed to supporting the electrification of transportation and the introduction of electric vehicles. The growth of EV liquids is a huge opportunity and we want to be the market leader in this sector. Two thirds of the world’s largest car manufacturers use Castrol ON EV fluids as part of their factory fill and we also supply Castrol ON EV fluids to the Jaguar TCS Racing Formula E team.

“This significant new investment now allows us to build additional strategic technologies and capabilities to further develop EV fluids for the future. The facilities will also be a great showcase to showcase our integrated technology expertise to customers as we help drive the transition to EVs.”

Richard Bartlett, senior vice president, bp pulse added: “At bp pulse, we strive to provide our EV customers with the fastest and most reliable charging experience and continue to invest in our fast and ultra-fast network for passenger cars and trucks worldwide. This investment will help us develop battery and charger technology and digital solutions together with our OEM partners to help EVs go further, charge faster and last longer.”

Castrol plans to use the new facilities to continue working with automakers and suppliers to co-engineer future battery technology and associated thermal management fluids. It will also look at developing future technologies needed to enable the ultra-fast charging that underpins bp pulse’s growth strategy.

SOURCE: bp

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