(Reuters) - BP (NYSE:BP) Plc on Thursday said its British electric vehicle charging business bp pulse will install high-speed charge points at around 70 Marks & Spencer (OTC:MAKSY) retail outlets.
The oil major is stepping up the pace of liquidating fossil-fuel assets to raise funds to invest in renewable-energy projects amid a global push for decarbonisation by energy firms.
The first pilot charging sites are open at M&S Maidstone Eclipse and Southgate stores, with an initial target to install around 900 points, adding up to 40,000 kilowatt-hours of charging capacity within the next two years.
Meanwhile, BP plans to invest up to 1 billion pounds ($1.22 billion) in UK EV charging infrastructure by 2030.
BP and M&S first teamed up in 2005 to introduce M&S Food stores at bp retail sites. More than 250 bp pulse charge points are already available at over 60 bp-operated forecourts, which also offer M&S Food.
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