Search Results Found For: "BP"

BP invests in Chinese charging platform PowerShare

BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Read more »

BP sees big opportunities for EVs and has recently been investing in EV-related companies

The oil and gas giant’s EV investment rationale is outlined in its new report, BP Technology Outlook. Demand for travel is central to modern society. Currently, transport accounts for 20% of global primary energy use. The global light-duty fleet of cars, vans, and light trucks is here to stay for the foreseeable future. In fact,… Read more »

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,… Read more »

BP invests in mobile charging company FreeWire

BP’s venture capital arm has invested $5 million in FreeWire Technologies, a San Francisco-based manufacturer of mobile rapid charging systems, and plans to roll out FreeWire’s Mobi Charger units at selected BP retail sites in the UK and Europe during 2018. “Mobility is changing, and BP is committed to remaining the fuel retailer of choice… Read more »

BP may install more EV chargers at gas stations

Major oil companies are beginning to explore the possibility of offering EV charging at their retail outlets. Shell has begun installing DC fast chargers at selected stations in the Netherlands and the UK. Now British Petroleum has begun talking to EV-makers about partnering on a network of charging stations. “We have discussions going on with… Read more »

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BP stations in Holland to be equipped with ABB fast chargers

European electronics giant ABB announced Friday that it has started installing fast-charging systems at BP service stations in the Netherlands as part of a nationwide trial. The first two of the company’s Terra DC chargers have been installed in Utrecht, and will go into service this week, with several more to follow in the months… Read more »

StoreDot releases samples of its “five-minute” EV battery

In 2015, Israeli battery developer StoreDot announced plans to enter the EV market with battery cells that it said could enable a 300-mile battery pack to be charged in 5 minutes. Now the company has launched engineering samples of its first-generation batteries that are designed to be manufactured at scale on traditional Li-lion production lines…. Read more »

Oil companies buying up EV charging networks: Shell acquires ubitricity

The European oil giants Total, BP and Shell have been buying up assets all along the EV charging value chain. The latest news is that Shell has agreed to buy 100% of the European charging network ubitricity. Founded in Berlin, ubitricity operates in a number of European countries, and claims to be the largest public… Read more »