BP Plc's bp pulse to expand charging network at Marks and Spencer locations By Investing.com

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BP Plc's bp pulse to expand charging network at Marks and Spencer locations

Published Dec 08, 2022 15:04

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BP Plc's bp pulse to expand charging network at Marks and Spencer locations

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By Michael Elkins

British multinational oil and gas company BP (NYSE:BP) announced Thursday that the company’s electric vehicle charging business, bp pulse will install high-speed charge points at around 70 Marks and Spencer (OTC:MAKSF) (LON:MKS) retail outlets.

The energy company is ramping up to the pace of liquidating fossil-fuel assets to raise funds to invest in renewable-energy projects amid a global push for decarbonization by energy firms.

The first pilot charging sites are open at M&S Maidstone Eclipse and Southgate stores, with an initial target to install around 900 points, adding up to 40,000 kilowatt-hours of charging capacity within the next two years.

BP and M&S first teamed up in 2005 to introduce M&S Food stores at bp retail sites. More than 250 bp pulse charge points are already available at over 60 bp-operated forecourts, which also offer M&S Food.

Shares of BP are down 0.09% in mid-day trading on Thursday.

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BP Plc's bp pulse to expand charging network at Marks and Spencer locations

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