Iberdrola and bp pulse announced the formal launch of their joint venture that plans to create the most extensive high speed public charging network in Iberia.

The new company, formed by Iberdrola and bp pulse, plans to invest 1 billion euros with aims to deploy 5,000 charge points by 2025 and 11,700 by 2030, powered by 100% renewable energy. The company already has over 300 operational fast (>50kW) and ultra-fast (>150kW) EV charge points.

Iberdrola offers comprehensive mobility services to cover all the needs of electric vehicle users with an extensive charging infrastructure: residential, business and public charging, including solutions for urban and heavy transport. bp has an extensive network of 1,300 service stations, most of which can be used as charging hubs for the new company in Spain and Portugal. This will enable drivers of electric vehicles to charge at secure stations with access to additional convenience services.

The new company signifies a powerful collaboration between Iberdrola and bp pulse, bringing together their strengths and resources to offer first-class public charging experiences to EV drivers in Spain and Portugal to help accelerate the transition to more sustainable transportation. In this regard, the CEO of the new company, Pablo Pirles, said that “through this alliance we seek to make ultra-fast public charging accessible to all citizens, since the high speed of our network allows us to obtain autonomy for up to 200 kilometers in just a few minutes of charging.
The new company between Iberdrola and bp pulse has been established in 2023 as a result of the strategic alliance between the two energy companies to lead the deployment of high-speed public charging infrastructure for electric vehicles in Spain and Portugal. With an investment of €1 billion the new company has set itself the goal of reaching 11,700 fast and ultra-fast charging points in operation by 2030, with the aim of providing service to all drivers of electric vehicles. The company thus seeks to democratise access to electric vehicles and encourage the transition to a more sustainable mobility model through the implementation and commissioning of an extensive charging network.