Italy’s Eni said on Thursday it had agreed to buy digital green utility Be Power in a bid to grow its electric vehicle charging service business in Italy and Europe.
The move comes as the energy group picks up speed to deliver on one of the industry‘s most ambitious clean-up strategies, pledging carbon neutrality by 2050 and shifting into clean energy as it phases out oil production.
“The infrastructure and electric vehicle recharging services business further strengthens Eni’s (retail) portfolio,” said Chief Executive Claudio Descalzi.
The company did not provide any details about the price of the transaction.
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“Convergence Energy Services limited (CESL) – a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) – has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) for setting up of charging infrastructure in selected retail outlets in several cities across the country,” a statement said.