The English company Blue Point London, which manages some of the electric vehicle charging points in London, has been acquired by TOTAL

Blue Point London has been sold to the French company TOTAL according to what Total itself declared in the group's latest information. Thus the diversification of the hydrocarbon extraction and transformation company in the field of renewable energy and sustainability continues.

Total has signed the acquisition of "Blue Point London" from the Bolloré Group. With this transaction, Total acquires the management and operation of Source London, the largest city-wide electric vehicle charging network, comprising more than 1,600 on-street charging points.

Launched in 2010, the current Source London network was developed in partnership with the London Boroughs and currently accounts for more than half of the charging points in operation in the capital.

Source London's growth prospects are supported by the City of London's ambition to be a zero carbon city by 2050, in particular with the aim of increasing the number of charging points tenfold within five years.

Total is also committed to powering this charging network with electricity guaranteed to be 100% from renewable sources, which will be supplied by its subsidiary Total Gas & Power Limited.

Already active in the installation and operation of networks of charging points in the Amsterdam Metropolitan Region (Netherlands) and the Brussels-Capital Region (Belgium), this acquisition in the United Kingdom strengthens Total's position as a key player in electric mobility in Europe.

The Group thus continues its development in major European cities, in line with its ambition to operate more than 150,000 charging points for electric vehicles by 2025.

“By combining this existing infrastructure today with Total's know-how in installing, operating and managing public electric vehicle charging networks, we are starting a new phase, supporting the expansion of electric mobility in London.” said Alexis Vovk, President, Marketing & Services at Total.

“In collaboration with our partners and local authorities, we will be able to meet both the strong growth in demand for on-street charging points and the needs of London users for new mobility solutions.”

This transfer of business will have no impact on current users of the Source London service. This transaction is expected to close by the end of the year.

About Total in the UK

Total is present across the UK energy value chain. It has been present in the country for over 50 years and employs over 2,000 people.

Upstream, Total is one of the country's leading oil and gas operators, with equity production of 189,000 boe/d in 2019. It comes primarily from offshore fields operated in three main zones: the Alwyn/Dunbar area in the North Sea northern, the Elgin/Franklin and Culzean areas in the central North Sea and the Laggan-Tormore hub in West Shetland.

Total has also entered the UK offshore wind renewable energy market, with Erebus off the coast of Wales and Seagreen off the coast of Scotland.

Downstream, Total is one of the UK's largest suppliers of gas and electricity to businesses and the public sector. The Group is also present in the marketing of petroleum products including lubricants, aviation fuel, bitumen and special fluids.

Info by TOTAL