REG-TOTAL United Kingdom: Total Acquires London’s Largest Electric Vehicle Charge Points Network

TotalEnergies SEAnnouncement

29/09/2020 07:15

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United Kingdom: Total Acquires London’s Largest Electric Vehicle Charge
Points Network

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed the acquisition of ‘Blue
Point London’ from the Bolloré Group. With this transaction, Total is
taking over the management and operation of Source London, the largest
electric vehicle charging network citywide, which includes more than 1,600
on-street charge points.

Launched in 2010, the current Source London network has been developed in
cooperation with the London Boroughs and currently represents more than half
of the charge points in operation in the capital city. Source London growth
perspectives are supported by the City of London’s ambition to be a zero
carbon city by 2050, notably with the aim of increasing tenfold the number of
charge points within five years.

Total is also committed to powering this charging network with electricity
100% guaranteed from renewable sources, to be supplied by its subsidiary Total
Gas & Power Limited.

Already active in the installation and operation of charge points networks in
the Metropolitan Region Amsterdam (Netherlands) and the Brussels-Capital
Region (Belgium), this acquisition in the United Kingdom reinforces Total’s
position as a key player in electric mobility in Europe. The Group is thereby
pursuing its development in major European cities, in line with its ambition
of operating more than 150,000 electric vehicle charge points by 2025.

“By combining today these existing infrastructures with Total’s know-how
in terms of installation, operation and management of public electric vehicle
charging networks, we are starting a new phase, supporting the expansion of
electric mobility in London.” said Alexis Vovk, President, Marketing &
Services at Total. “In collaboration with our partners and the local
authorities, we will be able to meet both the strong growth in demand for
on-street charge points and the needs for new mobility solutions of London
users.”

This transfer of activities will have no impact for the current users of the
Source London service. This transaction should be closed by the end of the
year.

About Total in the United Kingdom

Total is present across the energy value chain in the UK. It has been present
in the country for over 50 years and employs over 2,000 people.

Upstream, Total is one of the country’s leading oil and gas operators, with
equity production of 189,000 boe/d in 2019. It principally comes from operated
offshore fields in three major zones: the Alwyn/Dunbar area in the Northern
North Sea, the Elgin/Franklin and Culzean areas in the Central North Sea and
the Laggan-Tormore hub in the West of Shetland area.

Total has also entered the UK offshore wind renewables market, with Erebus off
the coast of Wales and Seagreen off the coast of Scotland.

Downstream, Total is one of the UK’s largest suppliers of gas and
electricity to businesses and the public sector. The Group is also present in
the marketing of petroleum products including lubricants, aviation fuel,
bitumen and specialty fluids.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and low-carbon electricity. Our 100,000 employees are committed to better
energy that is more affordable, more reliable, cleaner and accessible to as
many people as possible. Active in more than 130 countries, our ambition is to
become the responsible energy major.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TOTAL SE nor any
of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise.

Total Contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalPress&esheet=52296810&newsitemid=20200928005819&lan=en-US&anchor=%40TotalPress&index=1&md5=0f17623cc16acabd867718683743f2e4)

Investor Relations: +44 (0) 207 719 7962 l ir@total.com (mailto:ir@total.com)



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