According to foreign media reports, French oil giant TotalEnergies and British electricity company SSE said on July 16 that the two parties will form a joint venture called Source, with a shareholding ratio of 50:50.
The goal is to occupy a 20% share of the electric vehicle fast charging market in the UK and Ireland.
Source will deploy and operate up to 3,000 fast charging stations in the UK and Ireland over the next five years, and the two parent companies will provide Source with the renewable energy needed for its operations.
, Source’s 150-kilowatt fast charging station will use direct current rather than alternating current and can charge ordinary electric vehicle batteries from zero to full in 30 minutes to an hour.
, Photo source: Total Energy, Total Energy declined to disclose the total investment, but the company said that the cost of building 3,000 DC fast charging piles would be about 300 million euros.
, Total Energy and SSE are already partners in Seagreen, Scotland’s largest offshore wind farm.
Total also operates a charging network of 2,500 charging piles in and around London and about 65,000 charging piles in continental Europe, but most of them are slow-charging piles that use alternating current.
Mathieu Solas, director of new mobility at Total Energy, told reporters: “We have mastered certain professional knowledge in charging pile management, construction, operation and customer service.
SSE understands the business of integrated power grids very well, so the cooperation between the two parties is highly complementary.
“, Both oil giants Shell and BP are also developing electric vehicle charging businesses in the UK after the UK passed a regulation requiring new light vehicles to achieve zero-emissions.
In addition, Scotland aims to have 1 million electric vehicle ownership by 2030.
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