Property consultancy Knight Frank has handed utility Total Gas and Power a renewable power contract worth more than £75 million.
Total Gas & Power is to launch a new electric vehicle charging offer to the 175,000 business sites it supplies throughout the UK after agreeing a reseller partnership with ChargePoint.
Total is planning to ramp up the amount it invests in renewables, concluding that the time is right to 'accelerate' its move into the space.
The evolution of business models in the renewables sector has served as an “earthquake” for the power sector, forcing utilities to take notice.
Total has become the latest oil and gas major to make its move into the electric vehicle charging sector with the acquisition of the French firm G2mobility.