Indian Oil Indian Oil to install EV charging facilities at 10,000 fuel stations
New Delhi/UNI: To promote greener energy solutions in line with sustainable energy commitments, Indian Oil will install charging facilities for electric vehicles at 10,000 fuel stations over the next three years, the company announced here on Wednesday.
Presently, Indian Oil has 448 EV charging stations and 30 battery swapping stations across the country. The proposed EV charging network will facilitate uninterrupted driving for EV users and boost the country's EV manufacturing ecosystem.
The initiative follows Indian Oil evaluating emerging trends in mobility, focusing on relevant areas in the EV value chain, and exploring potential business opportunities to stay ahead in the transition curve.
The company has extensive plans, says Chairman Indian Oil SM Vaidya, with EVs now becoming a reality and is thus gearing up to tide over challenges and leverage opportunities in this area.
The bouquet of services will now include alternative energy offerings, including EV charging at fuel stations, with a focus on nine cities in the first phase, including Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat and Pune.
“This is as per the National Mission for Transformative Mobility and Battery Storage. We will expand the network of charging stations to state capitals, smart cities and major highways and expressways connecting these cities," Vaidya added.
Indian Oil has collaborated and is supporting Tata Power, REIL, PGCIL, NTPC, Fortum, Hyundai, Tech Mahindra, BHEL, Ola for setting up EV chargers at its fuel stations.
Initially, a mix of chargers suited for 2W/3W will be provided, which will be further upgraded as per requirement and market conditions. Further, to minimise its carbon footprint and that of its customers.
The corporation has started 'zero-emission electric mobility', a hybrid microgrid-enabled clean energy EV charging solution developed and patented by Hygge Energy which ensures that charging takes place primarily using solar power.
Indian Oil has collaborated with Sun Mobility to strengthen its forays into green energy for battery swapping stations and has set up IOC Phinergy Pvt Ltd, a 50:50 JV company with Phinergy Ltd of Israel, to commercialize aluminum-air battery technology in India.
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