BP Plc on Thursday said its British electric vehicle charging business bp pulse will install high-speed charge points at around 70 Marks & Spencer retail outlets.
The oil major is stepping up the pace of liquidating fossil-fuel assets to raise funds to invest in renewable-energy projects amid a global push for decarbonisation by energy firms.
The first pilot charging sites are open at M&S Maidstone Eclipse and Southgate stores, with an initial target to install around 900 points, adding up to 40,000 kilowatt-hours of charging capacity within the next two years.
Meanwhile, BP plans to invest up to 1 billion pounds ($1.22 billion) in UK EV charging infrastructure by 2030.
BP and M&S first teamed up in 2005 to introduce M&S Food stores at bp retail sites. More than 250 bp pulse charge points are already available at over 60 bp-operated forecourts, which also offer M&S Food.
($1 = 0.8222 pounds)
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“For developing the charging infrastructure, we need to stabilise the grid by installing multiple transformers. We are currently doing that,” Kumar added. West Bengal State Electricity Distribution Company Limited (WBSEDCL) is the nodal agency for charging infrastructure for EV, guidelines and standards.