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Engie buys parent of UK EV charging network operator GeniePoint

EV charging. Author: NCDOTcommunications.

June 18 (Renewables Now) - French energy group Engie SA (EPA:ENGI) has taken over UK electric vehicle (EV) charging solutions provider ChargePoint Services Ltd (CPS), which owns pay-as-you-go EV charging network GeniePoint.

The acquisition brings in about 20,000 GeniePoint network customers and a cloud-based data and control platform to establish a combined public rapid charging network that exceeds 400 stations, Engie said. The transaction is also expected to result in a further fast network surpassing 500 stations by the end of 2019.

“The combination of ENGIE’s renewable energy, hardware technology and installation capability, together with our own significant experience in EV charging network management, infrastructure rollout, and 24/7 customer service provision, will create a major player in electric vehicle fuelling in the UK,” commented Alex Bamberg, managing director of ChargePoint Services.

Engie has provided over 75,000 EV charging stations around the world. In the UK, the company has been hired by the West Yorkshire Combined Authority to install 88 rapid charge points throughout the region.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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