As electric car sales roll out of the UK, TotalEnergies from France and SSE from Scotland, have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand “Source”.
The new partnership aims to install approximately 3000 high-power charging points across Scotland, Ireland, England, and Wales, catering to the needs of fleet owners and private EV car owners for quick charging facilities.
Ireland’s potential for tech investment has attracted investors, but recent challenges in attracting international investments have been noted. Supporting EVs could present new opportunities for startup and transportation businesses.
The joint venture, named Source, plans to deploy up to 3000 high-power charge points in 300 EV hubs, focusing on securing a 20% market share with charging stations primarily in urban areas powered by renewable energy.
TotalEnergies emphasizes the importance of decarbonizing transportation by contributing to the development of electric mobility through this partnership.
Source will provide ultra-fast charging stations in the UK to align with the government’s zero emissions mandate for new vehicles and address the challenges of decarbonizing transport.
Ireland’s goal of having 1 million EVs on its roads by 2030 necessitates building consumer confidence in EV charging infrastructure, similar to other countries like Canada setting timelines for transition to electric vehicles.
Partners like SSE, involved in renewable energy projects such as wind farms, see this partnership as a step towards decarbonizing the transport system and moving towards sustainability.