- bp pulse invests $100 million in Tesla’s ultra-fast charging hardware for independent EV network
- Tesla’s 250 kW chargers integrate into bp pulse’s network from 2024, enhancing charging accessibility at key locations.
- Tesla chargers, adaptable to various EV models, support bp pulse’s commitment to efficient and sustainable transportation solutions.
bp pulse acquires Tesla’s ultra-fast charging hardware for $100 million
Under this agreement, bp pulse will acquire Tesla’s ultra-fast charging hardware units for a substantial investment of $100 million. This marks the pioneering deployment of Tesla chargers within an independent EV charging network. The collaboration is a key component of bp’s ambitious plan to invest up to $1 billion in EV charging infrastructure across the US by 2030.
This partnership signifies a major leap in bp pulse’s expansion strategy.
The company, already a leader with over 27,000 installed charge points, aims to install over 100,000 globally by 2030. Tesla’s ultra-fast chargers, with an impressive 250 kW output, will seamlessly integrate into bp pulse’s existing network.
The rollout will commence in 2024. Currently, bp pulse plans installations at prominent BP, Amoco, ampm, and Thorntons-branded sites, TravelCenters of America locations, and strategically positioned large-scale Gigahub™ charging sites near airports and major metropolitan areas throughout the United States.
Richard Bartlett, Global CEO, bp pulse, said:
“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.”
One of the highlights of Tesla’s chargers is their compatibility with the North American Charging Standard (NACS) and Combined Charging System (CCS) connectors. Its compatibility ensures seamless usability for EVs from various manufacturers.
The chargers will support the Plug and Charge protocol, streamlining the payment process for users. The bp pulse acquisition of Tesla’s hardware aligns with Tesla’s mission to accelerate the world’s transition to sustainable energy. It promises an enhanced charging experience for EV owners, facilitating Tesla’s goal of making charging accessible and efficient for all.
Rebecca Tinucci, Tesla’s Senior Director of Charging Infrastructure, commented:
“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.”