Electric vehicle charger manufacturer Tritium is energy giant bp's choice to help it reach its global EV charging goals. The agreement announced Monday takes bp's efforts into new territory.
The bp Energy Outlook Rapid Transition Scenario estimate predicts as many as 1 billion electrified cars and trucks in use globally by 2040 with EVs accounting for 80% of passenger cars in use by 2050.
“I’m delighted that with this new global agreement with Tritium, it will help bp pulse deliver its mission to provide fast, reliable charging for EV drivers and to accelerate the roll-out of the charging infrastructure needed as the world transitions to decarbonise road transport,” said Richard Bartlett, Senior Vice President, bp pulse, in a statement.... [+]Founded in 2001, Tritium has recently seen major developments of its own.
In January the Australia-based company went public on the NASDAQ exchange. That move was followed by February's announcement of a new manufacturing plant in Lebanon, Tenn. with production expected in the third quarter of this year. The new plant will include six production lines to build Tritium fast chargers, generating more than 500 jobs to the region over the next five years, according to the company.
This latest deal with bp represents another forward step for Tritium as it seeks to expand its global presence and greater availability of EV fast chargers.“The electrification of transportation is entering an incredible era when major companies like bp are providing critical support to transition the world to cleaner more reliable transportation,” said Tritium CEO Jane Hunter in a statement.
The companies would not reveal the value of the agreement announced Monday but that value could grow along if bp's overall goal of expanding its global EV recharging business includes Tritium chargers.
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