Congruent Ventures has achieved an exit through the purchase of Blueprint Power by BP.
Blueprint Power, a US-based energy distribution technology platform, has been acquired by oil and gas company BP for an undisclosed sum, providing an exit to University of California-backed venture capital firm Congruent Ventures.
Founded in 2017, Blueprint Power has developed technology to optimise the energy efficiency of buildings and sell surplus energy stored in batteries or generated on-site, for example through solar panels, to the grid.
The company’s New York client base currently generates a combined 13 megawatts of renewable…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
