TotalEnergies, SSE create EV charging firm Source for the UK & Ireland
Published on: Jul 16, 2024
The new brand will be featured across 3,000 charging points in both countries in the next five years, creating a network of almost 300 EV hubs.
TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new player in electric vehicles (EVs) charging infrastructure in the UK and Ireland, under the brand “Source”.
Within the next five years, Source will deploy up to 3,000 high power charge points (of 150 kW and more) grouped in 300 “EV hubs”, targeting 20% market share. Charging hubs will be in prime locations in and around urban areas and powered by renewable energy provided by both companies.
Several hubs are already under construction with plans for dozens more, currently in development studies.
“This is a great opportunity to extend our network in Europe and stake out a key position as a reference high-power charging player. We want to offer our customers - passenger cars and fleet alike - a nationwide, ultra-fast and reliable charging service that allows them to travel efficiently with complete peace of mind,” said Mathieu Soulas, Senior Vice President New Mobilities at TotalEnergies.
In the UK, Source will provide the ultra-fast charging infrastructure needed across the country to meet the demand from EV drivers and fleet operators. This demand was recently triggered by the enforcement into law of the UK Government’s zero vehicle emissions mandate for all new cars and vans, raising power supply infrastructure for EV and fleet owners as one of the biggest challenges facing the decarbonisation of transport.
Similarly in Ireland, Source’s plans will help accelerate action to meet the government target of placing almost 1 million electric vehicles on roads by 2030, while building consumer confidence in EV charging.
