bp has agreed to purchase Houston-based EDF Energy Services (EDF ES) in a move to expand its presence in the U.S. commercial and industrial (C&I) retail power and gas business.
EDF ES is a supplier of power, natural gas and related services to C&I customers across the United States. Its customers are primarily large corporations and public entities, including retailers, universities, manufacturers and producers, municipalities, and power generators.
EDF ES’s wide geographical reach and significant set of diverse C&I customers, will help expand bp's capability to deliver energy solutions and additional services directly to large end-user customers in new and existing markets.
bp said the acquisition also 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.
“EDF ES is a leading retail power supplier i