Mar 6, 2018

Fortum Charge & Drive and Plugsurfing partner to enable international EV charging

Electric Vehicles
Sophie Chapman
2 min
Fortum Charge & Drive acquires Plugsurfing
Two electric vehicle (EV) charging network, the Nordic Fortum Charge & Drive and German Plugsurfing, have partnered to enhance charging f...

Two electric vehicle (EV) charging network, the Nordic Fortum Charge & Drive and German Plugsurfing, have partnered to enhance charging for EV drivers.

The Finnish-based Fortnum subsidiary has acquired Plugsurfing, taking full ownership, for an undisclosed amount.

Plugsurfing operates a cloud-based EV charging solution, connecting drivers and chargers through its intelligent application and payment service.

The company is present across 24 countries in Europe and has connected 50,000 EV user with 200 charging networks.

Across Europe, the firm has enabled customers to charge at 65,000 different charging stations.

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“Our purpose is to make it easy to use electric vehicles and charging points so that we can all move towards a cleaner world,” stated Rami Syväri, Vice President of Fortum Charge & Drive.

Fortnum Charge & Drive operates in Norway, the country with the highest recorded EVs per capita.

The company has 75,000 customers within the home-charging market, and 1,7000 charging points.

“Fortum Charge & Drive, together with PlugSurfing, is able to better serve the drivers of electric vehicles, car manufacturers and several other key businesses.”

“As one of the first steps, the Nordic charging network of Charge & Drive will be available on the PlugSurfing application for access and payment.”

“Our aim is to improve EV drivers’ accessibility to charging networks when travelling between countries.”

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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