EDF Acquires EV Charging Company Pod Point

0
200
Advertisement
  • Pod Point was founded in 2009 by CEO and entrepreneur Erik Fairbairn and chairman Peter Hiscocks
  • The company has rolled out 62,000 charging points in the UK and a further 6,600 in Norway

EDF has acquired a majority stake in UK-based EV charging company Pod Point as a part of a newly-formed joint venture with Legal and General Capital. The company said that the acquisition of Pod Point is EDF Group’s largest investment in the EV market. It is part of the plan of the company to become the leading energy company for electric mobility in France, the UK, Italy, and Belgium.

Simone Rossi, UK CEO of EDF said, “Electric vehicles will be crucial in reducing the UK’s carbon emissions and fighting climate change. With the addition of charge points, we can help our customers to reduce their carbon footprints and benefit from lower fuel costs by going electric. The additional electricity demand from EVs will require urgent investment in low carbon generation from renewables and nuclear.”

62,000 charging points in the UK

Pod Point was founded in 2009 by CEO and entrepreneur Erik Fairbairn and chairman Peter Hiscocks. It has rolled out 62,000 charging points in the UK and a further 6,600 in Norway. It offers charging solutions at home, at work, and at the destination.

Advertisement

Yannick Duport, electric mobility Director at EDF Group said, “This new acquisition is perfectly in line with the EDF Group’s Electric Mobility Plan launched in 2018. It fulfills our ambition to be the energy leader in Europe. Pod Point, a major player of charging solutions in the UK, will play a leading role alongside our subsidiaries IZIVIA and DREEV. We are pleased to welcome these new skills to our Group.”

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *