Italian energy company Eni announced today the acquisition of Be Power, the operator of the second largest electric vehicle charging network in Italy, with over 5 thousand EV charging points on public land.

Be Power’s Be Charge subsidiary, which develops, finances, builds and manages a public charging network, with charging stations positioned on public land or on private areas with public access. The company manages its own charging stations as well as those of other operators through a proprietary technology platform and provides EV charging services and additional digital services related to e-mobilityt hrough a dedicated app.

Eni stated that the acquisition marks another step in its energy transition strategy. Earlier this year, the company announced a new set of decarbonization and renewable energy goals, including a target to reach the net zero emissions and net zero carbon intensity by 2050.

The transaction also marks the latest EV charging acquisition by an energy company. Last week, TotalEnergies announced that it is buying Blue Charge, taking over the largest electric vehicle charging network in Singapore.

Claudio Descalzi, Eni’s CEO, said:

“With the acquisition of Be Power, Eni takes a leadership position in a market at the heart of the European Union’s energy transition strategy. The infrastructure and electric vehicle recharging services business further strengthens Eni gas e luce’s portfolio, which serves 10 million customers in 6 European countries. The company has a total renewable capacity of 9 GW, which includes installed capacity, capacity under construction and capacity to be developed in identified areas. We therefore continue on our path that will lead us to be a leader in the production and sale of fully decarbonised products”.