Spanish firm Wallbox has become the latest electric vehicle charging equipment manufacturer to enter the UK market, while BP continues to test its mobile charging unit and Tonik Energy becomes the latest supplier to offer an EV tariff.
Consolidation in the electric vehicle charging infrastructure market is inevitable and could result in just “four or five big players” dominating networks, a panel of investors has concluded.
The £130 million purchase of Chargemaster by BP will see the company “enhance and accelerate” its deployment programme and triple its manufacturing capabilities over the next 12-18 months, according to the company’s director of strategy.
BP is to snap up Chargemaster, the UK’s largest electric vehicle charging company, in a deal that it said would advance the transition to electric transport.
Glencore chairman and ex-BP chief executive Tony Hayward has cast doubt over the worldwide energy transition, arguing that the penetration of renewables worldwide is being outpaced by the demand for growth.
Solar stands to be a “new backbone” of the power sector as it cements its status as the world’s “dominant new build generation technology”, Vattenfall’s head of solar and battery storage has said.
BP has pledged to follow an energy transition strategy “resilient to a broad range” of scenarios, refusing to bow to pressure against its gas activity and holding up its acquisition of a stake in a solar developer as evidence of its low carbon activity.
British Petroleum (BP) is to trial battery storage systems at one of its US wind farms as part of a pilot project designed to provide “valuable insights” for a possible wider deployment initiative.
