{"id":44069,"date":"2021-02-11T08:14:23","date_gmt":"2021-02-11T13:14:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=44069"},"modified":"2021-02-11T05:40:54","modified_gmt":"2021-02-11T10:40:54","slug":"palantir-technologies-inc-nysepltr-extends-partnership-with-bp-nysebp-to-help-it-become-net-zero-by-2050","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/palantir-technologies-inc-nysepltr-extends-partnership-with-bp-nysebp-to-help-it-become-net-zero-by-2050-44069","title":{"rendered":"Palantir Technologies Inc. (NYSE:PLTR) Extends Partnership With bp (NYSE:BP) To Help It Become Net Zero By 2050"},"content":{"rendered":"<p><strong>Palantir Technologies Inc. (NYSE:PLTR)<\/strong> has <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210205005057\/en\/Palantir-bp-Deepen-Partnership-Accelerate-Energy-Transition\" target=\"_blank\" rel=\"noopener\">extended its partnership<\/a> with <strong>bp (NYSE:BP)<\/strong> to support the oil and gas company in its goal of becoming a net-zero company by 2050 or early and ultimately get the world to net zero.<\/p>\n<p><strong>Palantir extends agreement with bp<\/strong><\/p>\n<p>Following the extension of the agreement, Palantir will offer bp its software at the enterprise level to deploy globally across the company in a multi-million, multi-year deal. The companies have partnered for over six years with Palantir\u2019s software being key in accelerating the oil and gas company\u2019s digital transformation. With the extension, bp will now use Palantir\u2019s Foundry software for an additional five years with deployment in new business areas to accelerate its strategic digitalization ambitions and help support delivery of its energy transition objectives.<\/p>\n<p>So far, bp\u2019s digital twin applications which are powered by Palantir have delivered considerable value and improvements in hydrocarbon-based workflows. Interestingly, there are now opportunities to apply the applications and expedite bp\u2019s ambition, changing networks, optimizing wind farms, electric charging networks, and support other nets zero objective aims.<\/p>\n<p>Most importantly, the partnership has produced concrete outcomes in asset allocation, operations management, procurement, and strategic allocation. Also, they will continue leveraging the Foundry platform and associated applications to deliver value in operations, production, simulation, and modeling.<\/p>\n<p><strong>Foundry platform helps deliver energy efficiently and safely <\/strong><\/p>\n<p>Palantir COO, Shyam Sankar said that they started the company to work on the hardest problems. Sankar said that they built the platform to help deliver energy efficiency and more safely in a disrupted market at the same time support bp\u2019s business transformation by scale and size. Most importantly, Palantir is still supporting bp\u2019s risk monitoring efforts including workflows on infrastructure management and information flow management during the pandemic.<\/p>\n<p>Bp CFO, <a href=\"https:\/\/www.energyvoice.com\/renewables-energy-transition\/296977\/bp-palantir-new-energy\/\" target=\"_blank\" rel=\"noopener\">Murray Auchincloss discussed<\/a> at the beginning of 2020 about efficient procurement gains and digitalization scope having end-to-end purchasing impact. He said getting data in the right shape will help the company capably with different partners such as Palantir will help the company make strides in reducing waste.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palantir Technologies Inc. (NYSE:PLTR) has extended its partnership with bp (NYSE:BP) to support the oil and gas company in its goal of becoming a net-zero [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[699,15064,700,15063,15062,15061],"stock_ticker":[15060],"class_list":["post-44069","post","type-post","status-publish","format-standard","hentry","category-business","tag-bp","tag-bp-nysebp","tag-nysebp","tag-nysepltr","tag-palantir-technologies-inc","tag-palantir-technologies-inc-nysepltr","stock_ticker-pltr","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Palantir Technologies Inc. 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