Germany: bp grows its integrated energy offering to commercial and industrial customers in Europe

In January bp agreed to acquire GETEC ENERGIE GmbH, a leading independent supplier of energy to commercial and industrial (C&I) customers in Germany. The acquisition will materially expand bp’s European power and gas C&I supply presence, enabling it to deliver integrated energy solutions directly to existing and new customers in Germany and elsewhere in Europe.

The acquisition of GETEC ENERGIE GmbH, which has over 20 years of experience, expertise and customer relationships, is aligned with and will accelerate the delivery of bp’s strategy to become an integrated energy company focused on bringing energy solutions to customers. It will boost bp’s capabilities and increase its interface with customers in both established (power and gas) and developing (renewable power, biogas and hydrogen) energy markets.

This agreement follows from bp’s successful expansion of its C&I power and gas business in the US through the 2022 acquisition of EDF Energy Services.

Carol Howle, bp executive vice president, trading & shipping, said: “As we continue to deliver our strategy, it’s essential that we can connect and integrate the energy solutions we offer customers across bp. The addition of GETEC ENERGIE GmbH will expand and enhance our ability to do just that in Germany and ultimately in Europe. It will help us bring new opportunities across energy value chains to C&I customers, providing them with secure, affordable and increasingly lower carbon energy solutions.”

Based in Hanover, GETEC ENERGIE GmbH currently supplies more than 40 terawatt hours of power and gas each year, making it one of Germany’s largest independent suppliers of energy to C&I customers – supplying to over 100,000 power and gas meters across the country.

bp anticipates that the acquisition will also play an important role in managing and supplying bp’s own demand for lower carbon power in Germany and more widely in Europe, building on GETEC ENERGIE GmbH’s existing power supply agreement with bp’s Aral forecourts in Germany.

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