OSLO - Norwegian utility Statkraft plans to expand its electric vehicle charging business in Germany and Britain, its chief executive told Reuters on Thursday, and also expects to snap up some more power plants by the end of 2019.
The electric vehicle charging business is a growing market for utilities and Nordic competitors Fortum and Vattenfall have boosted their presence with several acquisitions and cooperation across Europe. The need for more charging stations is growing as car makers introduce a greater variety of plug-in electric and hybrid models.Statkraft’s Rynning-Tonnesen said Groenn Kontakt, an EV charging network operator which Statkraft controls together with Agder Energi, is planning to expand from Norway to Sweden.
Statkraft has a plan underway to invest some 10 billion Norwegian crowns in renewable energy projects towards 2025.
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