TotalEnergies and SSE to Establish JV in EV Charging in Europe

TotalEnergies has signed a binding agreement with SSE to create a joint venture (JV) to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand ‘Source’.

July 16, 2024. By Aishwarya

TotalEnergies has signed a binding agreement with SSE to create a joint venture (JV) to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand ‘Source’.

The new business will deploy in both countries up to 3000 high power charge points, meeting demand from EV and fleet owners to provide fast and reliable charging.

Within the next 5 years, Source will deploy up to 3000 high power charge points (of 150 kW and more) grouped in 300 'EV hubs', targeting 20 percent market share. Charging hubs will be in prime locations in and around urban areas and powered by renewable energy provided by SSE and TotalEnergies. Several hubs are already under construction with plans for dozens more, currently in development studies.

In the UK, Source will provide the reliable ultra-fast charging infrastructure needed across the country to meet the demand from EV drivers and fleet operators. This demand was recently triggered by the enforcement into law of the UK Government’s zero vehicle emissions mandate for all new cars and vans, raising power supply infrastructure for EV and fleet owners as one of the biggest challenges facing the decarbonisation of transport.

Similarly, in Ireland, Source’s plans will help accelerate action to meet the government target of placing almost 1 million electric vehicles on roads by 2030 while building consumer confidence in EV charging.

“TotalEnergies is proud to contribute to the development of electric mobility to decarbonize transportation in the UK and Ireland. This is a great opportunity to extend our network in Europe and stake out a key position as a reference high-power charging player. We want to offer our customers - passenger cars and fleet alike—a nationwide, ultra-fast and reliable charging service that allows them to travel efficiently with complete peace of mind. This development also contributes to our integrated power strategy in the UK, combining renewable and flexible power generation capacity, trading, and marketing of low-carbon electricity available 24 hours a day,” said Mathieu Soulas, Senior Vice President New Mobilities at TotalEnergies.

“SSE is already playing a leading role in decarbonising the UK and Ireland’s power systems, including building the world’s largest offshore wind farm and transforming electricity networks. Now this agreement will help accelerate progress towards a decarbonised transport system too, ensuring the vehicles that keep the economy moving can do so in a more sustainable and efficient way,” said Neil Kirkby, Managing Director of Enterprise at SSE.

Tags:

Sustainable Transport

EV Charging Infrastructure

Electric Vehicles

Electric Vehicle components

Electric vehicle adoption

Charging technology

Charging point operators