7th Dec 2021 18:23
BP PLC - London-headquartered oil major - Buys California, US-based electric vehicle charging and energy management provider Amply Power. "This investment is aligned with BP's plan to scale-up next generation mobility solutions, providing the fastest, most reliable and convenient network of charging and digital solutions for customers, including individual drivers and fleet operators," company says.
BP plans to grow its global network of EV charging points from around 11,000 today to more than 70,000 by 2030. Amply Power provides charging for fleets that operate trucks, transit and school buses, vans and light-duty vehicles.
BP America Chair & President David Lawler says: "Expanding into EV fleet charging is the latest in bp’s ongoing commitment to help drive the energy transition in the US. This acquisition builds on significant investments in offshore wind earlier this year in New England, onshore wind across seven states and our rapidly growing presence in solar. BP sees enormous opportunity for the US to lead the energy transition, and we’re excited to help the country on its journey to net zero."
Current stock price: 350.90 pence
Year-to-date change: up 38%
By Paul McGowan; [email protected]
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