Pod Point to list on London Stock Exchange

EDF acquires Pod Point


EDF has acquired a majority stake in EV charging specialists Pod Point in a deal that sees the energy group take control of one of the largest networks in the UK.

As part of a newly-formed joint venture with Legal & General, the company has invested in Pod Point, which has installed more 62,000 charge points across the UK, and an additional 6,600 in Norway according to their figures.

Zap-Map has its public network tallied up to more than 3,200 connectors on almost 1,800 devices at over 880 locations. These are predominantly fast chargers, but a number of rapid charging units have been installed at supermarkets as part of the network.

Pod Point isn’t just a public network however, and is one of the largest installers of home and workplace charge points in the country.

EDF already offers a dedicated ‘Go Electric’ energy tariff for EV drivers, and the move will see customers be able to schedule charging for lower costs in future thanks to reduced demand on the grid.

Erik Fairbairn, Pod Point CEO & Founder said: “This is an incredibly exciting next chapter for Pod Point. We set out in 2009 with the vision that travel shouldn’t damage the earth and a mission to put a charge point everywhere you park. So far, we have made great progress towards those goals.”

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.”