bp announces deal with Tesla
Oil and gas company bp announced a deal in which bp pulse, bp’s EV charging business, will acquire ultra-fast charging hardware units from Tesla for $100 million.
The investment will facilitate the expansion of the bp pulse public network across the US, while also enabling support for EV fleet customers by deploying chargers at their private depots. The introduction of Tesla’s chargers to the bp pulse network is the first time the hardware will be purchased for an independent EV charging network.
The roll-out is planned to begin in 2024 and locations will include key sites across the bp family of brands, including TravelCenters of America, Thorntons, ampm; and Amoco, as well as at bp pulse’s large-scale Gigahub charging sites in major metropolitan areas and at third-party locations, such as Hertz locations, as part of previously announced collaborations. The first installation sites have been identified in Houston, Phoenix, Los Angeles, Chicago; and Washington D.C.
Tesla’s chargers will also be deployed at select bp pulse fleet customer depots.
In February 2023, bp announced plans to invest $1 billion in America’s EV charging infrastructure by 2030 with an aim of investing $500 million in the next two to three years.
“Strengthening the bp pulse network with Tesla’s industry-leading hardware is a major step forward in our ambitions for high speed, open access charging infrastructure in the US and advances our ambition to delivering an exceptional customer experience. Combined with our vast network of convenience and mobility sites on and off the highway, this collaboration with Tesla will bring fast and reliable charging to EV drivers when and where they need it.” – Richard Bartlett, global CEO of bp pulse.
“At Tesla, we’re driven to enable great charging experiences for all EV owners. Selling our fast-charging hardware is a new step for us, and one we’re looking to expand in support of our mission to accelerate the world’s transition to sustainable energy. We appreciate bp’s partnership in this area – it’s the right step towards a more sustainable future.” – Rebecca Tinucci, Tesla’s senior director of charging infrastructure.