BP has announced plan to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK.
BP has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment is a further example of BP’s commitment to the country.
Planned to open by the end of 2024, the new facilities will be located at BP’s existing global headquarters for its Castrol business in Pangbourne, Berkshire, and will support the technology, engineering and science roles housed there today. The site already undertakes research and development of fuels, lubricants and EV fluids and aims to become a leading hub for fluid technologies and engineering in the UK.
Richard Bartlett, Senior Vice President at BP Pulse, said:
“At bp pulse we aim to provide the fastest and most reliable charging experience to our EV customers and continue to invest in our rapid and ultra-fast network globally for passenger cars and trucks. This investment will help us co-develop battery and charger technology and digital solutions with our OEM partners to help EVs go further, charge faster and last longer.”
Michelle Jou, CEO at Castrol, said:
“We are committed to supporting the electrification of transport and the take-up of electric vehicles. The growth of EV fluids is a huge opportunity, and we aim to be the market leader in this sector. Two thirds of the world’s major car manufacturers use Castrol ON EV fluids as a part of their factory fill and we also supply Castrol ON EV fluids to the Jaguar TCS Racing Formula E team."