Energy company Total announced today that it has entered an agreement to acquire ‘Blue Point London,’ from the Bolloré Group. The deal includes taking over the management and operation of Source London, the largest EV charging network in the city. The network currently includes more than 1,600 charging points city-wide.
According to Total, the Source London network has been developed in cooperation with the London Boroughs and currently represents more than half of the charge points in operation in the city. The company stated that it has committed to powering the charging network with electricity 100% guaranteed from renewable sources, to be supplied by its subsidiary Total Gas & Power Limited.
Alexis Vovk, President, Marketing & Services at Total, said:
“By combining today these existing infrastructures with Total’s know-how in terms of installation, operation and management of public electric vehicle charging networks, we are starting a new phase, supporting the expansion of electric mobility in London. In collaboration with our partners and the local authorities, we will be able to meet both the strong growth in demand for on-street charge points and the needs for new mobility solutions of London users.”
Total stated that today’s announcement is another step towards its target of operating more than 150,000 electric vehicle charge points by 2025, adding to its EV network developments in several major European cities, including the Metropolitan Region Amsterdam (Netherlands) and the Brussels-Capital Region (Belgium).
The transaction is expected to close by the end of this year.