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Photo: Lance King/Getty Images

BP said Thursday that it acquired New York City-based Blueprint Power, a startup that helps turn buildings into "flexible power assets" that lower the carbon footprint of commercial real estate.

Why it matters: Big buildings are a major source of energy demand that's ripe for the application of cleaner tech.

  • The deal for the three-year-old startup, the terms of which were not disclosed, is BP's latest move in its diversification into low-carbon spaces, even as oil and gas remain its dominant business lines for now.

How it works: Blueprint offers data services and algorithms aimed at increasing the commercial incentive for building owners to get greener via renewables, efficiency and storage by creating new revenue streams.

  • Its products help "maximize onsite renewable generation, store energy when the carbon intensity of the grid is at its lowest, and use or trade energy when it’s not," the company said.
  • Blueprint, per the announcement, already works with five of New York City's largest real estate owners that generate 13 megawatts of renewable power.

What's next: BP and Blueprint hope to roughly triple this amount by the end of next year. The company is being brought under Launchpad, which is BP's internal tech company accelerator.

The idea is for Blueprint to expand into "several major US urban power markets."

Go deeper

Oct 14, 2021 - Technology

Car owners pay dearly for tech they don't use

BMW's gesture control technology is hard to master for many drivers, who say they just don't need it. Photo: BMW

Technology can be a big seller in new cars, but it turns out that many digital features go unused — assuming owners even know their car has them.

Why it matters: High-tech features are driving up vehicle prices. But if consumers don't use them — or are frustrated because the stuff doesn't work properly — then both automakers and car buyers are wasting their money.

Driving the news: For more than 1 in 3 advanced technologies, most owners didn't even use the feature during the first three months of ownership, a J.D. Power tech study found.

  • Usually, owners say it's because they don't need the feature, but sometimes it's because they don't know about it or find it difficult to use.

BMW's gesture control technology is a great example. It's supposed to let you wiggle a finger or wave your hand to perform tasks like adjusting the radio volume or answering a call — as opposed to touching a screen or button.

  • But the tech had the lowest overall satisfaction score in J.D. Power's annual U.S. Tech Experience Index for the second year in a row, with owners reporting 41 problems — meaning complaints — per 100 vehicles.
  • My thought bubble: I drove a BMW X6 last year that had gesture control as part of a $2,300 Premium package. I concur with BMW owners. It was easier to just use the buttons.

Other built-in technologies often go unused, despite big investments by automakers to add them. Some examples:

Digital marketplace: General Motors was the first to equip millions of cars with an in-car commerce platform called Marketplace that lets you order food, make restaurant and hotel reservations, and find gas stations from your dashboard.

  • But 61% of owners say they've never used their car's digital marketplace, and 51% said they don't need it.

Driver/passenger communications: Honda, Hyundai and Toyota are among carmakers that let drivers talk more easily with rear-seat occupants via a microphone or camera.

  • 52% say they've never used the system, and 40% say they don't need it. (Who needs a mic when you can just turn around and yell at your kids?)

Between the lines: Consumers are more likely to use emerging technology if the car dealer does a good job of demonstrating how it works, J.D. Power found.

  • But a lot of car salespeople aren't fully trained to explain all the features of the cars they sell — and often buyers don't ask, aren't interested, or can't take it all in.
  • Some dealers encourage buyers to schedule a follow-up visit to the dealership for a refresher.
  • When a buyer does get a lesson from their dealer about how to use an advanced feature, they use it more, the study found.
  • Examples of these features include "safe exit assist technology" — which warns parked drivers to wait for traffic before opening the door — and trailer assistance technology, which helps drivers maneuver a boat or RV, for example.
  • Yes, but: Owners are more than twice as likely to learn about such technology from an outside source (71%) than from a dealer (30%), the study found.

What car owners love: cameras, cameras and more cameras.

  • The top-rated technologies all provide an extra set of eyes: backup cameras with trajectory guidance, rear-view mirror cameras that enhance visibility, and 360-degree ground view cameras.
  • Electric vehicle owners also love one-pedal driving technology — which allows a driver to lift their foot off the accelerator to slow or stop without having to brake.

The bottom line: In-car technology has to be simple to use — and well-explained to the driver ahead of time — or it's not worth the money.

Updated 1 hour ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."

Biden: DOJ should prosecute those who defy Jan. 6 subpoenas

President Biden speaks with reporters at Bradley International Airport in Windsor Locks, Connecticut. Photo: Brendan Smialowski/AFP via Getty Images

President Biden said Friday that the Justice Department should prosecute those who defy subpoenas from the Jan. 6 select committee.

Why it matters: The president's remarks come one day after Donald Trump ally Steve Bannon failed to show up for a deposition before the committee.