Swedish state-owned energy firm Vattenfall has sold its British EV charging network to Norwegian state-owned Statkraft.
The move follows its sale of UK energy retail business iSupply to French state-owned EDF.
Vattenfall said it is re-focussing its UK businesses on generation, B2B sales and heat distribution.
The utility entered EV charging in the UK in 2018, contracting with councils in Norfolk and Hampshire to power public points from its wind farms. It was also involved in a project to develop on-street charging using Virgin Media’s on-street telecoms boxes, and had struck a roaming agreement struck with New Motion.
Tomas Björnsson, Vattenfall’s head of e-mobility, said the firm is “taking stock, to ensure that the transport offer in the UK is fit for purpose”.
Terms of today’s deal were not disclosed. Vattenfall said operations of its EV charge stations in Germany, the Netherlands, Norway and 15,000 points in Sweden, would be unaffected. In early March it announced an alliance with Honda and storage firm Moixa to commercialise time of use tariffs for EV charging
Earlier this month Vattenfall confirmed the sale to EDF of 190,00 domestic accounts of iSupplyEnergy, its energy retail business, which last year was hit with a £1.5m penalty for overcharging customers. Ahead of the fine, CEO Magnus Hall had described the UK retail market as a “mess” and warned that the company was considering walking away.
Vattenfall’s generation capacity stands at 1GW across 11 off- and onshore wind farms. A further 1.5GW is consented offshore.
Statkraft’s recent acquisitions in the EV charging sector including German firms E-Wald and eeMobility. Through a third, Gronn Kontakt UK, Statkraft will supply wind-generated power to the EV charge points. Transfer of assets and staff will be completed in coming weeks.