Renewables will be the world’s principal source of power by 2040 and are penetrating world grids faster than any other energy source in history, O&G major BP has said.
Articles tagged with: BP
Oil and gas majors are expected to make significant plays in the solar sector in the coming years as continued cost reductions threaten their margins.
BP has invested in PowerShare, one of China’s largest electric vehicle charging solutions providers, further bolstering its EV play.
Liam Stoker talks to Lightsource BP’s Nick Boyle and Kareen Boutonnat as the company marks one year since BP took a 43% stake in the firm, a deal which has “strapped rocket boosters” to the solar developer.
Local energy marketplaces and their interaction with existing licensing regimes have proven a particular area of interest within Ofgem’s regulatory sandbox initiative, with BP and British Gas named amongst its new participants.
Spanish firm Wallbox has become the latest electric vehicle charging equipment manufacturer to enter the UK market, while BP continues to test its mobile charging unit and Tonik Energy becomes the latest supplier to offer an EV tariff.
Inevitable EV infrastructure consolidation could see charging market dominated by a ‘Big Four or Five’
Consolidation in the electric vehicle charging infrastructure market is inevitable and could result in just “four or five big players” dominating networks, a panel of investors has concluded.
The £130 million purchase of Chargemaster by BP will see the company “enhance and accelerate” its deployment programme and triple its manufacturing capabilities over the next 12-18 months, according to the company’s director of strategy.
BP is to snap up Chargemaster, the UK’s largest electric vehicle charging company, in a deal that it said would advance the transition to electric transport.