As the end of the Oil Age comes into sight, the world’s giant oil companies are not sitting on the sidelines. International oil major bp says it is “pivoting to an integrated energy company,” and has been investing in EV charging infrastructure and other e-mobility products and services.
bp currently operates some 22,000 charge points, and aims to increase that number to more than 100,000 by 2030. The company also plans to finalize investments in renewable energy projects with a collective capacity of 50 GW by 2030. Other focus areas include biofuels and hydrogen.
The company is expanding its interests beyond public charging, and is actively seeking innovative companies in the e-mobility sector to work with. “To make our transition a reality bp will need to work with innovators and thought leaders in a wide variety of sectors and markets,” says the company.
Substantial amounts of capital are available for investment—bp says it expects to increase the proportion of its capital expenditure on its “transition growth engines” (including e-mobility) to more than 40% by 2025 and around 50% by 2030.
Companies that can “offer solutions and expertise that can help” bp make the transition to the EV/renewable energy economy are invited to contact the company’s transition growth engine team.