Electric vehicle charging provider bp pulse will invest $100 million to purchase Tesla’s ultra-fast EV charging hardware units.
According to the press release, the partnership signifies the first time Tesla sold its charging hardware to an independent network.
Plan details
bp pulse plans to officially start deploying Tesla chargers into its network as early as 2024. The rollout will focus on major locations throughout TravelCenters of America, Thorntons, ampm, and Amoco. It will also cover the company’s Gigahub™ charging locations across major metropolitan sites and third-party stations, including Hertz.
Moreover, it will also include some of the company’s fleet customer depots.
bp pulse’s initial deployment of Tesla chargers will occur in Houston, Phoenix, Los Angeles, Chicago, and Washington, DC.
“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
Purpose
bp pulse’s move to tap Tesla for the supply of a $100 million worth of ultra-fast charging hardware units is crucial for its strategy to expand its US public charging network.
In addition, it will also aid the company in offering services to fleet customers through charger installations at their private depots.
In return, it will enable Tesla to boost its efforts in contributing to the global shift to clean and sustainable energy. It also opened another source of income for the American electric vehicle giant.
About Tesla’s ultra-fast chargers
Tesla-developed ultra-fast chargers generate a 250 kW maximum output. bp pulse’s investment will allow it to brand, install, and operate these innovative EV chargers.
These Tesla chargers will feature the Magic Dock to support the North American Charging Standard (NACS) and Combined Charging System (CCS) ports. This approach enables the company to expand its customer base in the US.
bp pulse added that the EV chargers will integrate the Plug and Charge protocol, offering more convenient payment alternatives.
“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
bp pulse’s other eff
bp pulse’s partnership with Tesla is just among the numerous initiatives it launched to accelerate EV charging infrastructure expansion in the country and provide a superior charging experience.
“This is another example of how bp pulse is collaborating with leaders across the industry, in areas including real estate, charging technology and automakers, to advance EV infrastructure growth across the US, and to deliver the fast and reliable charging experience we know our customers demand. We remain open and committed to expanding alliances with EV industry leaders even further and we look forward to welcoming the growing number of EV drivers across the country to our network.”
Sujay Sharma, CEO bp pulse Americas
True enough, the company is actively working to establish more fast charging stations across high-demand areas, including metropolitan locations, airports, and places along Alternative Fueling Corridors.
As a result, bp pulse received significant government support under the National Electric Vehicle Infrastructure (NEVI) and California Energy Commission (CEC). These fundings fuel the company’s EV charger deployments in California, Pennsylvania, Colorado, and Kentucky.
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bp pulse continues to intensify its expansion efforts in the US amid the progressive shift to e-mobility. It committed $1 billion for EV charger deployments in America by the end of the decade. Of that total, the first $500 million will fuel its initiatives in the following two to three years.
Investing.com reported that bp pulse shares declined 1.28% in early trading on Thursday morning. Meanwhile, TSLA shares surged 0.31%.
