TotalEnergies and SSE have signed a binding agreement to create a joint venture, “Source,” aiming to establish a major player in EV charging infrastructure in the UK and Ireland. The new business plans to deploy up to 3,000 high-power charge points, meeting the demand for fast and reliable charging from EV and fleet owners.
Establishing a Needs-Based Fast Charging Network
Over the next five years, Source will deploy up to 3,000 high-power charge points (150 kW and above) across 300 “EV hubs,” targeting a 20% market share. These charging hubs will be located in prime urban areas and powered by renewable energy from SSE and TotalEnergies. Several hubs are already under construction, with plans for many more in development.
Leading the Decarbonisation of Transport
In the UK, Source aims to provide the necessary ultra-fast charging infrastructure to meet the demand from EV drivers and fleet operators, driven by the UK Government’s zero vehicle emissions mandate for all new cars and vans. This initiative addresses the power supply challenges crucial for the decarbonisation of transport.
Similarly, in Ireland, Source’s plans will support the government’s goal of having nearly 1 million electric vehicles on the roads by 2030, boosting consumer confidence in EV charging.
Mathieu Soulas, Senior Vice President of New Mobilities at TotalEnergies, stated, “TotalEnergies is proud to contribute to the development of electric mobility to decarbonize transportation in the UK and Ireland. This is a great opportunity to extend our network in Europe and become a key player in high-power charging. We aim to offer our customers a nationwide, ultra-fast, and reliable charging service, supporting our integrated power strategy combining renewable and flexible power generation.”
