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P2 Energy Solutions was founded in 1999 as Energy Auction Exchange with an ambitious plan to use the Internet to bring efficiencies to many aspects of the upstream petroleum industry. The Company raised its seed capital in 1999, using the proceeds to acquire the Oil & Gas Asset Clearinghouse of Houston.
April 2011, Energy Solutions announced its plan to purchase Wellpoint Systems. [9] Details of the acquisition were announced in their FAQ. [ 9 ] P2 announced the completion of the WellPoint Systems acquisition on May 2, 2011.
In December 2004, Vista sold SourceNet Solutions to Mellon Financial. [36] Between 2010 and 2013, Vista sold several companies, including Ventyx to ABB Group for over $1 billion, [40] BigMachines to Oracle for over $400 million, [91] and P2 Energy Solutions to Advent International. [92]
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Power-to-gas (often abbreviated P2G) is a technology that uses electric power to produce a gaseous fuel. [1]Most P2G systems use electrolysis to produce hydrogen.The hydrogen can be used directly, [2] or further steps (known as two-stage P2G systems) may convert the hydrogen into syngas, methane, [3] or LPG. [4]