BP's EV charging subsidiary deploying ultra-fast charging hubs across Europe, the US, and China. Over 33,000 charge points globally with a focus on high-power charging at retail and fleet locations. Investing $1B+ annually in EV charging as a core pillar of BP's energy transition strategy, targeting 100K+ points by 2030.
Key Milestones
BP acquires Chargemaster (UK's largest charging network with 6,500+ public charging points across Polar) for GBP 130M; rebrands to bp Chargemaster - oil major's first move into electrons
Brand renamed bp pulse following bp's Beyond Petroleum identity refresh and CEO Bernard Looney's net-zero pivot; consolidates Chargemaster + Polar networks under one consumer brand
$1B US investment commitment for ultra-fast charging in metro areas with first hub planned in Houston; BP buys ABB Terra HP 350 kW cabinets at scale before pivoting to Tesla hardware in 2023
Acquires Tesla Megachargers and Superchargers in $100M order Oct 26 - first Tesla Supercharger hardware sold to an external operator; planned for bp/ampm/Thorntons sites + TravelCenters of America
Closes 4 US charging offices and pulls back from major US deployment outside fleet hubs; refocuses on UK/Germany/China after admitting US public charging margins remain unattractive
Announces Gigahub expansion plan: 100 ultra-fast hubs across Europe and US by 2030; selects Tesla Supercharger hardware (from $100M order) as backbone with TA travel-center anchor sites
Reaches 33,000 charge points globally; refocuses on commercial fleet hubs in UK, Germany, China after US public-charging retrenchment - first 400 kW TA travel-center site opens on I-95