By Najat Kantouar


TotalEnergies and British energy company SSE said they will create a joint venture to establish a new electric-vehicle charging infrastructure in the U.K. and Ireland.

French energy major TotalEnergies said Tuesday that the new business, called Source, will deploy up to 3,000 high-power charge points over the next five years, targeting 20% market share.

"This is a great opportunity to extend our network in Europe and stake out a key position as a reference high-power charging player," senior vice president of New Mobilities at TotalEnergies, Mathieu Soulas, said.

In the U.K., the new joint venture will provide reliable ultra-fast charging infrastructure needed across the country to meet the demand from EV drivers and fleet operators, in line with the U.K. Government's zero vehicle emissions mandate, TotalEnergies said.

In Ireland, it will help accelerate action to meet the government target of placing almost 1 million electric vehicles on the roads by 2030, while building consumer confidence in EV charging, it said.


Write to Najat Kantouar at najat.kantouar@wsj.com


(END) Dow Jones Newswires

07-16-24 0339ET