EDF acquires Pod Point

EDF have acquired a majority stake in Pod Point, as part of a newly formed joint venture with Legal & General Capital who will take a 23 per cent stake in the venture.

Pod Point will now be EDF Group’s biggest EV investment and the acquisition forms part of its plan to become the leading energy company for electric mobility in the UK, France, Italy and Belgium. With the additional support and resources Pod Point will aim to accelerate a national rollout of charging points.

The sale follows the company's roll out of points with VW during the end of last year.

Simone Rossi, UK CEO of EDF said: “Electric vehicles will be crucial in reducing the UK’s carbon emissions and fighting climate change. With the addition of charge points, we can help our customers to reduce their carbon footprints and benefit from lower fuel costs by going electric. The additional electricity demand from EVs will require urgent investment in low carbon generation from renewables and nuclear.”

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