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M&S agrees tie-up with BP to put in as much as 900 recent charge points at its stores

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BP agrees to put in as much as 900 recent electric vehicle charge points at 70 Marks & Spencer stores

  • As much as 900 EV charge points will initially be installed at around 70 M&S stores
  • BP intends to take a position as much as £1bn constructing greater than 100,000 chargers by 2030 

Marks & Spencer has struck an agreement to have electric vehicle charging stations built at dozens of its stores by the infrastructure supplier arm of oil supermajor BP.

Under the terms of the deal, as much as 900 EV charge points will initially be installed at around 70 of the retailer’s national outlets in the approaching two years, adding one other 40,000-kilowatt hours of charging capability.

Fifteen charging devices have already been laid down in Maidstone, Kent and Southgate, North London, as a part of a pilot scheme, which each firms said had been successful.

Tie-up: Under the terms of the brand new cope with BP, as much as 900 EV charge points will initially be installed at around 70 of Marks & Spencer’s national outlets in the approaching two years

All recent ‘pulse charge points’ will possess a minimum capability of 50KW, with some having an ‘ultra-fast’ speed of 150KW.

BP intends to spend as much as £1billion installing over 100,000 chargers across the globe by the top of the last decade. In keeping with its website, the group has built greater than 9,000 within the UK thus far.

Over the identical period, the firm expects to take a position near £18billion within the UK energy sector, including on offshore wind farms, solar panels and low-carbon hydrogen.

Akira Kirton, BP Pulse UK’s chief executive, said: ‘We aim to offer fast, reliable, and convenient EV charging to our customers that matches in with ‎their busy lifestyles, and so, we’re excited to increase our relationship with M&S to place high-speed charge points at their stores, growing our network even further.

‘This is precisely the sort of collaboration the UK needs to assist speed up the transition to lower carbon transport, and we’re delighted to be working with M&S to make that occur.’

BP’s relationship with the retailer goes back to 2005 when the primary M&S Simply Food establishments were opened at petrol stations operated by the oil and gas giant.

Akira Kirton, BP Pulse UK's chief executive, said: 'We aim to provide fast, reliable, and convenient EV charging to our customers that fits in with ‎their busy lifestyles

Akira Kirton, BP Pulse UK’s chief executive, said: ‘We aim to offer fast, reliable, and convenient EV charging to our customers that matches in with ‎their busy lifestyles

Over 300 such outlets at the moment are situated inside BP forecourts across the UK, of which greater than 20 per cent also contain Pulse charging points.

Sacha Berendji, M&S’s director of operations, remarked: ‘EV charging is the most recent feature to make sure now we have a store estate fit for the longer term, to assist our customers live lower carbon lives.

‘We all know that services like EV charging are in demand from our customers, so we’re delighted to offer this service and provides more reasons for purchasers to buy with us.’

BP’s latest announcement comes because it faces heightened criticism surrounding its failure to divest a 19.75 per cent stake in Rosneft following Russia’s full-scale invasion of Ukraine earlier this 12 months.

Oleg Ustenko, an economic adviser to Ukrainian president Volodymyr Zelensky, recent accused the FTSE 100 company of earning ‘blood money’ via its holding within the Russian energy business.

In a press release responding to his remarks, BP said: ‘Just three days after Russia’s attack on Ukraine, BP announced that we are going to exit our shareholding in Rosneft and other businesses in Russia – we said the attack was ‘a fundamental change. This continues to be our position.’

It added that it had not received any dividends from Rosneft shares for the reason that attack in February and now not declared any equity share of earnings, production or reserves from Rosneft.

BP shares and Marks & Spencer Group shares each concluded trading virtually unchanged at 463.95p and 122.3p, respectively, on Thursday.

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