Genesis Energy to buy a majority stake in ChargeNet
According to a press release by Genesis Energy, it will invest 64 million dollars (presumably New Zealand Dollars, which is equivalent to about 36 million euros) in ChargeNet. The latter operates “250 public charging sites and 430 individual charging points” nationwide and hopes to grow its network “to more than double by 2030.”
“Decarbonising transport is crucial for New Zealand’s future, and public charging infrastructure is a key element of that transition,” said Stephen England-Hall, Chief Retail Officer for Genesis Energy. “This partnership combines ChargeNet’s market leadership with Genesis’ energy expertise and customer reach, enabling us to play a leading role in shaping the future of transport in New Zealand.”
He added: “With nearly 500,000 customers, Genesis can accelerate ChargeNet’s market leadership by utilising our energy management expertise, guiding larger customers through fleet transitions and ensuring we deliver the best charging network for the country’s EV drivers.”
ChargeNet Chief Executive Danusia Wypych welcomed the investment, saying that it would help accelerate EV uptake in New Zealand. “Over the last three years, EV ownership has increased by 200 per cent. There’s been a slowdown this year as policy has shifted but the fundamentals of electrification are sound, with at least 30 per cent of Aucklanders considering buying an EV over the next three years and with EV prices continuing to fall.”
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