Connect with us

Featured

Iberdrola and Porsche to deploy premium electric car stations

Iberdrola and Porsche signed an agreement to install 35 fast and ultra-fast charging stations for electric cars. A Porsche Taycan will be able to charge 80% of the capacity of its battery in just over 20 minutes; it will have enough extra energy to cover 100 kilometres in five minutes. Iberdrola is deploying a sustainable mobility plan, with an investment of $178 million (€150 million).

Olivia McCall

Published

on

Iberdrola and Porsche have reached an agreement to build 35 fast and ultra-fast charging stations -150 kW and 350 kW- in the next two years; twenty of the installations will be ready next year and the rest in 2022. Porsche’s new electric sports car will be able to fill 80% of its battery in 20 minutes.

Iberdrola expands its network of alliances to increase the electric vehicle recharging network with the new agreement with Porsche, which offers a good option for buyers of its first sports model, the Taycan. Unlike other agreements with automakers such as Mercedes-Benz, BMW, Renault, Hyundai, PSA, and Volkswagen, this time the recharging points have their own name: Porsche Iberdrola High Power Charging Network.

Each of these recharging stations will have between six and eight chargers: two with 350 kW of power and the rest between 150 kW and 50 kW. They will be open to the public at the company’s mobile application, presided over by Ignacio Sánchez Galán, Recarga Pública Iberdrola, where it will be possible to geolocate, reserve the recharge and pay for it. The energy is one hundred percent renewable with a guarantee of origin granted by the National Commission of Markets and Competition.

If you want to find more details about the agreement between Iberdrola and Porsche to install 35 fast-charging stations for electric cars and to be the first to find the most important business headlines in the world, download for free the Born2Invest mobile app.

Iberdrola will deploy 150,000 electric car recharging points

A Porsche Taycan will be able to charge 80% of the capacity of its battery in just over 20 minutes; it will have enough extra energy to cover 100 kilometers in five minutes. In addition, Porsche customers will enjoy six months of free recharging, not only in the new Premium stations, but also in the network of recharging points on public roads that Iberdrola deploys in Spain.

SEE ALSO  Some companies make money from the coronavirus outbreak

“The agreement shows the ambition of our transport electrification strategy and confirms the need to continue collaborating with all the agents in the sector to respond to the challenges of mobility based on clean energy and without CO2 emissions,” explained Raquel Blanco, Iberdrola’s Global Director of Smart Mobility. “This alliance with Porsche Ibérica also places us in a privileged position to offer ultra-fast charging solutions.”

“At Porsche we are once again demonstrating our commitment to electric mobility,” said Tomás Villén, Managing Director of Porsche Ibérica. “We want to lead this transition process, contributing directly to the development of the infrastructure. A few years ago, we reached an agreement with other manufacturers to set up Ionity, Europe’s largest fast charging network, which is growing year on year. And now, as a result of this collaboration with Iberdrola, we are going to provide the main intercity roads in Spain with sufficient charging points so that long-distance travel is not an inconvenience in an electric car”.

$178 million (€150 million) investment plan

Iberdrola is deploying a sustainable mobility plan, with an investment of $178 million (€150 million), with which it will intensify the deployment of recharging points for electric vehicles in the coming years.

The initiative foresees the installation of close to 150,000 recharging points, both in homes and companies, as well as on urban roads, in cities and on the main highways over the next five years. The commitment to the deployment of high-efficiency stations will take the form of the installation of ultra-fast (350 kW) stations every 200 kilometers, super-fast (150 kW) stations every 100 kilometers and fast (50 kW) stations every 50 kilometers.

SEE ALSO  Retirement planning: The downsides of your 401(k)

__

(Featured image by Toby_Parsons via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.