BP Plc

BP agreed to buy Chargemaster, which
operates the U.K.’s largest public network of electric vehicle
charging points, for an undisclosed sum, according to an emailed
statement.
* “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 U.K. and to BP
becoming the leading provider of energy to low carbon vehicles,”
says Tufan Erginbilgic, chief executive of BP downstream
* Chargemaster has 6,500 charging points across the country with
40,000 customers
* By 2040 BP estimates that there will be 12 million EVs on U.K.
roads, up from around 135,000 in 2017
* A key priority for BP Chargemaster will be the rollout of
ultra-fast charging infrastructure, including 150kW rapid
chargers capable of delivering 100 miles of range in just 10
minutes
* BP customers in the U.K. can expect to access BP Chargemaster
chargers on forecourts over the next 12 months