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BP Acquires EV Charging Provider AMPLY with Green Energy Push

The British Petroleum (BP) sign can be seen at a gas station in southern London on July 29, 2008.Reuters / Dylan Martinez / File Photos

December 7, 2021

(Reuters) – Oil and gas giant BP Plc acquired U.S. electric vehicle charging provider AMPLY Power for a private amount on Tuesday to step up its efforts to reduce emissions and focus on cleaner energy. Said.

BP said it aims to double revenues from the global convenience and mobility business by 2030 and to expand its global network of EV charging points by more than 6 times to 70,000 over the same period.

Based in California, AMPLY Power was founded in 2018 and serves vehicles that operate trucks, transit buses, school buses, vans and small cars.

“BP aims to accelerate the electrification of the fast-growing fleet segment, which is the key to reducing emissions from the transport sector, which is the number one source of greenhouse gas emissions in the United States. That’s what Richard Bartlett, Senior Vice President of Future Mobility, said. Solution at BP.

Under the terms of the agreement, AMPLY Power will continue to operate independently as part of BP’s global business portfolio.

BP said last week that it plans to set up a large wind, water and solar energy-generated green hydrogen production plant in northeastern England to help Britain break away from fossil fuels.

(Report by Aby Jose Koilparambil in Bangalore, edited by Ramakrishnan M)



BP Acquires EV Charging Provider AMPLY with Green Energy Push

Source link BP Acquires EV Charging Provider AMPLY with Green Energy Push

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