TotalEnergies, SSE team up for EV charging expansion

French oil major TotalEnergies and UK power firm SSE have formed a joint venture “Source”, aiming to capture a 20 per cent share of the electric vehicle (EV) fast-charging market in Britain and Ireland.

The 50/50 partnership plans to deploy and operate up to 3,000 fast-charge points over the next five years, powered by renewable energy from both companies.

The 150-kilowatt (kW) direct-current fast-charge stations can charge a typical EV battery from empty to full in 30 minutes to an hour. The estimated cost of rolling out 3,000 fast-charge points is around 300 million euros.

TotalEnergies and SSE, already partners in Scotland’s largest offshore wind farm, Seagreen, bring complementary expertise to the venture.

TotalEnergies operates a network of 2,500 charging points in London and around 65,000 in Europe, mostly slow-charge stations. Meanwhile, Shell and BP are also expanding their EV charging businesses in the UK, aligning with Britain’s zero-emissions vehicle mandate and Scotland’s goal of having one million EVs by 2030.