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    Oil and gas firm bp accelerating EV charging infrastructure bet with AMPLY acquisition

    Dec. 9, 2021
    The acquisition marks bp’s first major step towards electrification in the US and aligns with its plan to scale its next-generation mobility solutions
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    Historically oil and gas-focused bp (British Petroleum) is stepping up its bet on the future of electric vehicles with its latest acquistion.

    The energy giant is acquiring EV charging and energy management provider AMPLY Power. The acquisition marks bp’s first major step towards electrification in the US and aligns with its plan to scale its next-generation mobility solutions, the company said.

    “bp is aiming to speed up electrification in the fast-growing fleet segment, which is key to lowering emissions from the transport sector - the largest contributor to greenhouse gas emissions in the US," Richard Bartlett, senior vice president for future mobility and solutions at bp, said in a statement. 

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    AMPLY Power offers a fully-financed Charging-as-a-Service (CaaS) and customer-financed Software-as-a-Service (SaaS) solutions to EV fleet operators. The CaaS solution includes the procurement and installation of hardware, software and operational and maintenance costs.

    The firm signs five- to ten-year agreements with customers for these services and charges a flat usage rate to customers. The SaaS solution is a software and operate model, wherein customers own their charging infrastructure and pay an annual license and service fee for software and managed services. AMPLY Power’s OMEGA Charge Management System software enables EV fleet operators to manage energy costs and optimize performance through real-time EV charging operations monitoring and preventive maintenance.

     bp America Chairman and President David Lawler added, “Expanding into EV fleet charging is the latest in bp’s ongoing commitment to help drive the energy transition in the US. This acquisition builds on significant investments in offshore wind earlier this year in New England, onshore wind across seven states and our rapidly growing presence in solar.”

     After the acquisition, AMPLY Power will continue to operate independently. Financial terms of the agreement remain undisclosed. 

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.