BP AND FRIENDS
With COP26 currently underway the whole world is focussed on climate change. One of the most pressing issues around climate change is ensuring there is sufficient infrastructure in place to support vehicles as we move away from fossil fuels. Recent news from three of the worlds biggest fuel and energy providers, shell, BP and Total energy, hopes to combat this.
The three major companies have separately signed deals to greenify their pre-existing networks of service stations in Europe and the US. These new details match policy developments in an important pro renewable fuel move, with the EU itself looking to spend €1.5 billion per year on these improvements.
TotalEnergies is planning to spend €200 million to install EV charging points at 200 of its service stations within France, all completed by 2023. With the completion of this goal, TotalEnergies plans to offer its customers a high-power charging station every 150 km. As well as building its own charging points, TotalEnergies will compete for EU tenders for implementing their infrastructure plans.
BP and the automaker Daimler have partnered up to study the feasibility of up to 25 hydrogen refuelling stations across the UK by 2030. From this partnership BP will be building, operating and supplying these points with hydrogen.
While Daimler will be Supplying hydrogen fuel-celled trucks to UK customers starting in 2025. This is all part of BP’s 2020 energy transition plan where they have aimed to make hydrogen into 10% of its core market.
Shell Oil is planning to purchase 248 fuelling stations in Texas in a bid to grow its retail footprint in the US. Shell has said that this step will allow it to offer more EV charging, hydrogen, biofuels and low carbon premium fuels to its customers. These moves are in line with Shells ‘Powering Progress Strategy’, in which they aim to invest between 1 and 2 billion dollars a year into low carbon energy.
All three of these companies has set their sights on net-zero by 2050 and these initiatives and plans are vital for that goal. With 16.2% of all global emissions coming from the transport sector1 finding an alternative to this is paramount to achieving global net-zero