Renewable energy powerhouse Statkraft acquires electric vehicle charging business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Renewable energy powerhouse Statkraft acquires electrical vehicle charging business

Statkraft is the latest major business to take an interest in the electric charging sector.Norway's state-owned energy business Statkraft has acquired E-Wald GmbH, a German electric vehicle charging firm.

In an announcement Friday, Statkraft said the deal strengthened its position in both the German and European electric vehicle charging sector. In 2018, the Oslo-headquartered business became a majority shareholder in eeMobility, another German EV charging company. The cost of the E-Wald acquisition was not disclosed in Statkraft's announcement.

"E-Wald is well placed for growth within fast charging in Germany," Bjorn Holsen, senior vice president for New Business at Statkraft, said in a statement. At the moment, E-Wald operates roughly 300 charging stations and also offers leasing services for around 100 fleet cars. A major player in hydropower, Statkraft also has interests in wind energy and solar, among other things. It is the latest major business to take an interest in the electric charging sector.

In 2018, oil giant BP acquired EV charging business Chargemaster. Now known as BP Chargemaster, it recently installed two 150 kilowatt ultra-fast chargers at a BP site near Heathrow Airport, London. In June, the firm said it expected the 150 kW chargers to provide roughly 100 miles of range in 10 minutes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Statkraft

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Postproduction Business Company 3 Acquires Sixteen19 (Exclusive)Exclusive: Postproduction business Company 3 acquires Sixteen19
Source: THR - 🏆 411. / 53 Read more »