bp acquiring $100mn Tesla chargers to boost US charging network

bp pulse, the EV charging unit of global energy company pb (NYSE: bp) has announced the acquisition of ultra-fast (250kW) chargers from Tesla (NASDAQ: TSLA) for $100 million, the firs time these chargers will be purchased for deployment on an independent EV charging network. 

To be branded, installed, and operated by bp pulse in the United States, the roll-out is planned to begin in 2024, the company said in a release without disclosing the total number of chargers in the deal. 

Besides providing comprehensive solutions for EV fleet customers by deploying chargers at their private depots, installations will occur across the bp family of brands, including TravelCenters of America, Thorntons, ampm, and Amoco, as well as at bp pulse’s large-scale Gigahub™ charging sites in major metropolitan areas and at third-party locations such as Hertz rent a car.  

The chargers will be fitted with Tesla’s ‘Magic Dock’, which is compatible with both North American Charging Standard (NACS) and Combined Charging System (CCS) connectors. The first installation sites have been identified in Houston, Phoenix, Los Angeles, Chicago, and Washington D.C.

In February 2023, bp announced plans to invest $1 billion in America's EV charging infrastructure by 2030 ($500mn by 2026).

photo (courtesy of bp pulse)