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Giant Oil Corporation Goes Electric

June 29, 2018 0 Comments

As more and more electric vehicles hit the road, some companies will have to adjust. Especially those companies who main source of income are oil.

BP, however, is getting ahead of the curve. Yesterday BP announced they bought out an electric vehicle charging company. The company they bought out is the largest EV charging company in the United Kingdom, Chargemaster.

Chargemaster operates 6,500 charging points across the country. They also design, build, sell and maintain charging units in many locations, including home charging ports.

Now that the two companies will soon be combined, the new name will be a combination of the two, BP Chargemaster. In a tweet on June 28th, BP says more charging stations with the new branding will start appear over the next 12 months.

https://twitter.com/BP_plc/status/1012326549347954688

 

The product and service-led arm of BP, Downstream, is handling the acquisition of Chargemaster.

Tufan Erginbilgic, chief executive, BP Downstream

Tufan Erginbilgic, chief executive of BP Downstream said: “Bringing together the UK’s leading fuel retailer and its largest charging company, BP Chargemaster will deliver a truly differentiated offer for the country’s growing number of electric vehicle owners.”

He also says BP is excited to expand their operations into business that will make thousands of peoples lives more simple, “At BP we believe that fast and convenient charging is critical to support the successful adoption of electric vehicles. 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, on the road or at home.”

The energy transition from oil to electric is something BP is very aware of. With the sales of EV’s expected to increase rapidly through 2040, they say their mission is to create more opportunities for consumers to be aware of their carbon footprint, “BP is committed to developing new offers to meet changing customer demand and growing new businesses and supporting opportunities for customers to reduce their emissions.”

On Chargemasters side, Chief Executive David Martell says this marks a change of pace in the energy world, “The acquisition of Chargemaster by BP marks a true milestone in the move towards low carbon motoring in the UK. I am truly excited to lead the Chargemaster team into a new era backed by the strength and scale of BP, which will help us maintain our market-leading position and grow the national POLAR charging network to support the large range of exciting new electric vehicles that are coming to market in the next couple of years.”

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