bp has agreed to buy EDF Energy Services, expanding the energy major’s presence in the US commercial and industrial (C&I) power and gas business.
The transaction is part of EDF’s €3bn disposal plan, announced in February, and is expected to close by the end of the year.
Based in Houston, Texas, EDF ES is a leading 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.
EDF ES has a wide geographical reach and a significant set of diverse C&I customers, expanding bp’s capability to deliver energy solutions and additional services directly to large end-user customers in new and existing markets.
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