TotalEnergies and SSE PLC (LSE:SSE) have laid out ambitious plans to capture 20% of the electric vehicle charging market across the UK and Ireland through a new joint venture called Source.
The JV plans to deploy up to 3,000 high-power charge points across 300 EV hubs, strategically positioned in urban areas and powered by renewable energy from SSE and TotalEnergies.
Several hubs already are already under construction and more are in development, TotalEnergies said in a statement.
Source said it aims to support the UK's zero vehicle emissions mandate and Ireland's goal of having nearly one million electric vehicles on the road by 2030.
Mathieu Soulas, senior vice president of new mobilities at TotalEnergies, stated: “This is a great opportunity to extend our network in Europe and stake out a key position as a reference high-power charging player.
“We want to offer our customers – passenger cars and fleet alike – a nationwide, ultra-fast and reliable charging service that allows them to travel efficiently with complete peace of mind.
The collaboration is subject to regulatory approvals from relevant authorities.