- Petroleum giant BP plc’s BP electric vehicle charging business, bp pulse, has signed an agreement with retail giant Marks & Spencer Group Plc MAKSF MAKSY.
- Under the agreement, the parties will work together to install an initial 900 electric vehicle charge points in around 70 of M&S’ national stores in the next two years.
- The installation is anticipated to expand bp pulse’s network, growing the U.K.’s charging network and adding up to 40,000 kWhs of charging capacity to the U.K.’s EV infrastructure.
- In order to provide the appropriate speed for each need, a combination of ultra-fast (≥150kW) and rapid (≥50kW) charge points will be installed during the roll-out.
- BP and M&S first teamed up in 2005 to introduce M&S Food stores at bp retail sites.
- BP said it is backing Britain with plans to invest up to £18 billion in the UK energy system by 2030.
- Price Action: BP shares are trading higher by 1.98% at $34.58 in premarket on the last check Thursday.
- Photo Via Company