Oil giant Total acquires London charging network

Total, along with fellow European oil giants BP and Shell, has been buying up assets all along the EV charging value chain. Now we learn that Total has acquired a major UK charging network, Source London, which operates over 1,600 on-street charging points in London.

Total acquired Source London from the French Bolloré Group, which also operates electric car-sharing services in several cities around the world (a couple of these have gone bust). Source London was launched in 2010, and is said to control over half of the public chargers in the London region.

Total says the Source London network will continue to be powered by 100% renewable electricity, to be supplied by subsidiary Total Gas & Power.

“By combining these existing infrastructures with Total’s know-how in terms of installation, operation and management of public electric vehicle charging networks, we are starting a new phase, supporting the expansion of electric mobility in London,” said Alexis Vovk, Total’s President of Marketing and Services. “In collaboration with our partners and the local authorities, we will be able to meet both the strong growth in demand for on-street charge points and the needs for new mobility solutions of London users.”

Total already has stakes in charging networks in Amsterdam and Brussels, and aims to build a network of 150,000 charging stations in Europe by 2025.

Source: The Driven

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