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September 29, 2020

Total acquires London’s largest EV charge network

Total has signed the acquisition of Blue Point London from the Bollore Group.

By Olly Wehring

Total has signed the acquisition of Blue Point London from the Bollore Group.

With this transaction, Total is taking over the management and operation of Source London, the largest electric vehicle charging network citywide, which includes more than 1,600 on street charge points.

Launched in 2010, the current network has been developed in cooperation with the London boroughs and currently represents more than half of the charge points in operation in the city. Its growth perspectives are supported by the city's ambition to be a zero carbon city by 2050, notably with the aim of increasing tenfold the number of charge points within five years.

Total is also committed to powering this charging network with electricity 100% guaranteed from renewable sources, to be supplied by its subsidiary Total Gas & Power.

Already active in the installation and operation of charge points networks in the Metropolitan Region Amsterdam (Netherlands) and the Brussels region, this acquisition in the United Kingdom is said to reinforce Total's position as a key player in electric mobility in Europe. The group is pursuing its development in major European cities, in line with its ambition of operating more than 150,000 electric vehicle charge points by 2025.

This transaction should be closed by the end of the year.

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