Sweden's Vattenfall targets German electric vehicle sector

10/09/2018 08:56 Electricity Market

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Swedish power utility Vattenfall is making a push into the German market for electric vehicle (EV) services and is in talks with carmakers to further its efforts to secure a place among the leading players.

Vattenfall board member Tuomo Hatakka, who drives an all-electric BMW i3, said the energy company aims to provide charging solutions for private customers and corporate fleets, adding that public infrastructure is also a possible revenue source.

 

The state-owned group has so far installed between 9,000 and 10,000 charging points in Sweden, the Netherlands and Germany and intends to make a significant part of its planned 3.1 billion Swedish crowns ($341 million) of spending on new technologies dedicated to the electric vehicle sector.

 

“We are trying to understand the market and are in talks with all the relevant players. It would not be serious if that didn’t include the carmakers,” Hatakka told Reuters.

 

In Germany, leading players Innogy, E.ON and EnBW are all eager to capitalise on an expected surge in demand for charging stations and electricity in the wake of a mass rollout of battery powered vehicles.

 

Vattenfall has already struck a deal with Geely-owned Volvo this year to help car owners recharge their vehicles at home, and Hatakka said that partnerships with German manufacturers cannot be ruled out.

Source: reuters.com

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