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☆ BP's EV charging arm cuts jobs, reduces global ambitions: Reuters
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

EV charging, however, remains one of BP's key growth engines. The changes at BP Pulse are "a step towards ensuring that we can execute our goals with even greater precision and effectiveness". BP Pulse has also stepped away from several bets it made since launching its energy transition strategy under previous group CEO Bernard Looney in 2020. BP last May also shut down its home EV charging business. The company says it expects returns from its EV charging and convenience stores operations to exceed 15% and create $1.5 billion in earnings before interest, taxes, depreciation, and amortization by 2025.

Persons: Murray, Tesla, Bernard Looney, Auchincloss Organizations: BP, Reuters, EV Locations: United States, Britain, Germany, China

☆ EV charging growth plans slowed by EU's power grid problems
▼ + stars: | 2023-12-04 | by ( Julia Payne | ) www.reuters.com time to read: +6 min

These are due to be implemented in 18 months and include addressing EV charging station power shortages. The ease of building an EV charging hub varies considerably country by country. To do so, it will ban sales of CO2-emitting vehicles from 2035 and wants to develop a network of EV charging stations. "Sometimes we have to send physical mail," said Peter Badik, co-founder of EV charging firm Greenway Network, which has set up 1,300 EV chargers in Slovakia, Croatia and Poland. "There is a clear need for more standardisation (of requirements for charging hubs)," BP's van Dobschuetz added.

Persons: Repsol, It's Kafka, Lucie Mattera, Mattera, Miguel Stilwell de Andrade, Peter Badik, Stefan van Dobschuetz, Dobschuetz, ChargeUp Europe's Mattera, Julia Payne, Alexander Smith Organizations: European Union, European Commission, EV, Reuters, Industry, Greenway Network, BP Pulse, Thomson Locations: BRUSSELS, Germany, Spain, Europe, EU, Slovakia, Croatia, Poland

☆ BP buys $100 million worth of Tesla chargers
▼ + stars: | 2023-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number of chargers was mentioned in the announcement. These chargers won’t look like other Tesla chargers, though. BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.

Persons: Tesla Organizations: CNN —, BP, Tesla, CCS, Amoco, Hertz, EV Locations: America

☆ Tesla gets $100 mln US ultra-fast charger order from BP EV charging unit
▼ + stars: | 2023-10-26 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

LONDON, Oct 26 (Reuters) - BP's (BP.L) electric vehicle charger unit is ordering $100 million worth of Tesla (TSLA.O) ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday. "Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement. "(This) is a major step forward in our ambitions for high speed, open access charging infrastructure in the U.S.," BP Pulse global CEO Richard Bartlett said. The 250 kilowatt BP Pulse-branded chargers will be compatible with both Tesla's North American Charging Standard (NACS) and Combined Charging System (CCS) connectors enabling the charging of EV models from other carmakers. Automakers have been moving to adopt Tesla's NACS, taking the Elon Musk-led company's superchargers closer to becoming the industry standard at the expense of the rival CCS.

Persons: Tesla, Rebecca Tinucci, BP, Richard Bartlett, Tesla's, Elon, company's superchargers, Nick Carey, Kirsten Donovan Organizations: BP, EV, Travel Centers of America, Amoco, Hertz, CCS, Thomson Locations: United States, Houston, Phoenix, Los Angeles, Chicago, Washington, U.S

LONDON, Sept 7 (Reuters) - BP (BP.L) launched on Thursday Britain's largest electric vehicle charging hub near Birmingham, capable of serving up to 180 cars. The hub, located on the intersection of three motorways in central England, includes 30 ultra-fast 300 kilowatt charging stations, which can add 100 miles (160.93 km)of driving range in 15 minutes, as well as 150 7kw slow-charging points. It is part of a plan to invest 1 billion pounds ($1.25 billion) this decade to build hundreds of EV charging hubs in the country, Akira Kirton, CEO of BP Pulse, the company's UK EV charging arm, told Reuters. BP Pulse uses 100% renewable power at its charging stations, Kirton said. EV charging is a central pillar in BP CEO Bernard Looney's energy transition plan, targeting returns of 15%.

Persons: Akira Kirton, Kirton, Bernard Looney's, Ron Bousso, Tomasz Janowski Organizations: EV, BP, Reuters, Thomson Locations: Birmingham, England

☆ Australia's AGL partners with BP to offer discounted charging to NSW customers
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Australia's AGL Energy (AGL.AX) said on Thursday it has partnered with energy giant BP (BP.L) for a three-year agreement to offer discounted charging to drivers of electric vehicles in New South Wales, as more companies look to pivot to green energy. Under the deal, the company and BP Pulse, the electric vehicle charging business of the London-based firm, will offer customers in New South Wales special charging rates and ultra-fast chargers when they sign up for AGL's existing Electric Vehicle (EV) at-home programme. BP said the agreement is in line with its strategy to roll out its network of 600 BP Pulse EV charging points across Australia by 2025. "As we transition to a low-carbon future, this agreement will empower our customers with innovative, sustainable and cost-effective EV charging solutions," AGL Chief Customer Officer Jo Egan said. The demand for electric vehicles has been on the rise recently, with multiple companies looking to expand their portfolios towards sustainable energy.

Persons: Jo Egan, Archishma Iyer, Pooja Desai Organizations: Energy, BP, Thomson Locations: New South Wales, London, Australia, Bengaluru

Electric vehicles sales are already trending up, accounting for 8% of all car sales in April, up from 1.1% a year earlier. DEMAND UNCERTAINTYDespite the government's EV push, uncertainty remains over how tough its vehicle emission standards will be. The challenge is the expansion of public chargers, especially in regional areas, where the power infrastructure to support fast chargers is often scarce or absent. The country's public chargers tend to be underpowered, with 0.5 kilowatts of public charging per EV versus an average 2.4 kw worldwide. Reuters Graphics Reuters GraphicsExpansion of public chargers is slow as operators face long delays connecting to the grid.

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
▼ + stars: | 2023-01-19 | by ( John Rosevear | ) www.cnbc.com time to read: +4 min

In addition to building chargers in lower-income neighborhoods, Hertz will provide EVs, tools and training to the city's technical high school — and will offer summer job opportunities through Denver's Youth Employment Program. Scherr said that Hertz plans to share anonymized location data from its rental EVs with the city to help Denver officials determine where to install new charging stations. He expects that some of that data will point to sites in the city's less affluent neighborhoods, where ride-share drivers using Hertz EVs tend to live. The company currently has about 40,000 Teslas and Polestars available for rental, Scherr said. Last fall, Hertz and BP Pulse announced they would partner to install thousands of high-speed EV chargers at Hertz locations across the U.S.

☆ BP to expand EV charging network at M&S stores
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - BP Plc (BP.L) on Thursday said its British electric vehicle charging business bp pulse will install high-speed charge points at around 70 Marks & Spencer (MKS.L) retail outlets. 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.

☆ Hertz ties up with BP for EV charger installations in North America
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSignage is seen at Hertz rental car at John F. Kennedy International Airport in Queens, New York City, U.S., March 30, 2022. REUTERS/Andrew Kelly/File PhotoSept 27 (Reuters) - Hertz Global Holdings Inc (HTZ.O) said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power its fleet of eco-friendly cars. It has laid out plans to have 3,000 charging stations in North America by the end of 2022. Register now for FREE unlimited access to Reuters.com RegisterAs per the deal, bp pulse will manage the EV charging hubs, which will be open to Hertz customers as well as the general public. Register now for FREE unlimited access to Reuters.com RegisterReporting by Priyamvada C in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Hertz, BP Partner on Electric-Vehicle Charging Stations
▼ + stars: | 2022-09-27 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Car-rental company Hertz Global Holdings and energy firm BP PLC said they signed a deal to develop and manage a network of electric-vehicle charging stations across North America. BP Pulse, which is BP’s EV charging business, would power and manage Hertz’s charging infrastructure under the memorandum of understanding, the companies said. The charging infrastructure will be open to taxi and ride-sharing drivers, as well as the general public, the companies said.

☆ Hertz, BP to Provide Charging Stations for Electric Rental Cars
▼ + stars: | 2022-09-27 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

☆ Hertz, BP Partner to Bring EV Charging Stations Across North America
▼ + stars: | 2022-09-27 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

☆ Hertz is teaming up with oil giant BP to install thousands of EV chargers in the U.S.
▼ + stars: | 2022-09-27 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

Hertz is teaming up with oil giant BP to build a new network of electric vehicle charging stations throughout the United States. Under the deal, BP Pulse, the oil company's EV-charging arm, will install the chargers and provide software and services to help Hertz manage its fast-growing fleet of EVs. The new deal builds on an existing program under which BP Pulse installed chargers at 25 of Hertz's busiest airport locations. The companies expect ride-hailing drivers, particularly those who rent EVs from Hertz, to be prime customers for those chargers. Hertz said that more than 25,000 Uber drivers have rented Teslas under its deal with the ride-hailing giant.

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