Home / acquisitions / ENGIE acquires EV charging business                         

ENGIE acquires EV charging business                         

Energy and services group, ENGIE, has acquired ChargePoint Services Ltd (CPS), a UK provider of integrated EV charging solutions, and owner and operator of the nationwide pay-as-you-go EV charging network, GeniePoint.

CPS already works with around 30 local authorities on charging point infrastructure and has also supplied workplace charging solutions for blue-chip organisations such as Microsoft and Siemens.  The acquisition supports ENGIE’s ambition to be a leader in green mobility and establishes ENGIE as a major player in the UK EV market across public authorities, the workplace and the home.

ENGIE’s acquisition enhances its end-to-end EV charging solution. Complementing ENGIE’s existing EV capabilities, CPS brings 20,000 GeniePoint network customers and a cloud-based data and control platform. This will create a combined public rapid charging network of over 400 stations (typically capable of charging cars in less than an hour), and a further fast network in excess of 500 stations by the end of 2019.

ENGIE’s UK & Ireland CEO Nicola Lovett said: “The provision of green mobility solutions is a key part of ENGIE’s wider strategy to help tackle air quality in cities and be a leader in the transition to a zero-carbon economy. Acquiring CPS is an important step in scaling up our ambitions in the EV market, complementing our existing energy supply activities and our partnerships with local authorities and businesses.

“The acquisition strengthens our combined capabilities to assist local authorities and other public sector customers with placemaking – working alongside them to shape the future use of their estates and public spaces to enhance the lives of those who use them. It also enables us to work closely with our many business customers to support their ambitions to decarbonise their own fleets and support their employee’s adoption of low and zero carbon vehicles.”

In the UK, ENGIE has been appointed by the West Yorkshire Combined Authority to install 88 rapid charge points throughout the region.  ENGIE will install, own and operate the charge points for at least 10 years.  

Globally ENGIE is the second largest provider of EV charging stations, having provided over 75,000 worldwide.

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