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BP to acquire UK charging network Chargemaster

BP has agreed to purchase Chargemaster, which builds charging stations and operates a network of over 6,500 public charging points across the UK.

Unlike some oil giants, BP is taking a proactive approach to the coming transition to electric transport. The company estimates that there will be 12 million EVs on UK roads by 2040, and says “the development of convenient and innovative EV charging technologies and networks is a key part of BP’s strategy to advance the energy transition.”

A key priority for BP Chargemaster will be the rollout of ultra-fast charging infrastructure, including 150 kW chargers. BP Chargemaster chargers are to be installed at BP locations over the next 12 months.

“At BP we believe that fast and convenient charging is critical to support the successful adoption of electric vehicles,” said Tufan Erginbilgic, Chief Executive, BP Downstream. “Combining BP’s and Chargemaster’s complementary expertise, experience and assets is an important step towards offering fast and ultra-fast charging at BP sites across the UK and to BP becoming the leading provider of energy to low-carbon vehicles.”

 

Source: BP

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