French-owned utility Engie has acquired electric vehicle charging provider Charge Point Services (CPS), which owns the Genie Point nationwide EV charging network.
The charging company’s business customers include Ford, Microsoft, Waitrose, Morrisons and Siemens and it works with around 30 local authorities on rolling out charging infrastructure.
Engie said the deal buys it 20,000 Genie Point network customers and a cloud-based data and control platform. It will create a combined public rapid charging network of some 400 stations that can charge cars in less than an hour, plus a further 500 ‘fast’ stations by the year end.
Engie UK & Ireland CEO Nicola Lovett said the acquisition scales up its EV ambitions, and means it can provide energy and transport solutions to its business and public sector customers.
CPS managing director Alex Bamberg said the deal enables it to become “a major player in electric vehicle fuelling in the UK”.
Engie said it is the world’s second largest provider of EV charging stations, with 75,000 installed worldwide.
Locally, the firm was appointed last year by the West Yorkshire Combined Authority to install 88 rapid charge points throughout the region. Engie will install, own and operate the charge points for at least 10 years.
Last week Engie, alongside Italian utility Enel, struck a deal with Fiat Chrysler to provide customer charge points for its forthcoming Fiat 500 BEV and plug-in hybrid Jeep Renegade PHEV.
Businesses considering EV deployment should read The Energyst’s 2019 EV Report, available as a free download.
The report includes a survey of industrial, commercial and public sector organisations on EV and charging rollout plans, including their attitudes towards smart charging and vehicle-to-grid.
It also contains interviews with businesses installing charging infrastructure, including Marston’s, Mitie, SES Water and UPS. There are also views from charge point operators, technology providers, consultants and technology companies, as well as energy companies.
Download the report here.
Engie buys major stake in Kiwi Power
Norwich set to launch white label energy supply business via Engie
Engie and Macquarie invest £3m in used EV battery firm
Engie CEO: The revolution will not be centralised
Click here to see if you qualify for a free subscription to the print magazine, or to renew.
Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.