Energy company Total has announced the acquisition of Blue Point London from Bolloré Group, taking over the management and operation of London’s largest EV charging network.
Launched in 2010, the current Source London network has been developed in cooperation with the London boroughs and, with more than 1,600 on-street charge points, currently represents more than half of the charge points in operation in the UK capital city.
Supported by the City of London’s ambition to be a zero-carbon city by 2050, Source London aims to increase tenfold the number of charge points within five years. Total will power this charging network with electricity generated from renewable sources, to be supplied by its subsidiary Total Gas & Power.
The company is already active in the installation and operation of EV charge-point networks in the Amsterdam city region and the Brussels-Capital Region. According to Total, the acquisition of Blue Point London supports its ambition of operating more than 150,000 EV charge-points by 2025.
“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.” said Alexis Vovk, president, marketing and services at Total.
“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.”
According to Total, the acquisition will not impact current users of the Source London service, with the transaction set to be closed by the end of the year.
