bp Acquires EV Fleet Charging Provider

The energy company purchases AMPLY Power to help meet its goal of 70,000 public charge points by 2030.

December 08, 2021

bp EV Fleet Adoption

ALEXANDRIA, Va.—bp has acquired AMPLY Power, an electric vehicle (EV) charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles, according to a news release.

“bp is aiming to speed up electrification in the fast-growing fleet segment, which is key to lowering emissions from the transport sector—the largest contributor to greenhouse gas emissions in the U.S. As we continue to invest in new forms of infrastructure and technology to serve our global fleet customers, AMPLY Power provides an ideal opportunity to build our EV business in the U.S.,” said Richard Bartlett, senior vice president, future mobility and solutions, bp.

AMPLY Power aims to make EV adoption easy for fleets. The California-based firm has two offers for fleet operators:

  • Fully Financed Charging-as-a-Service (CaaS): AMPLY Power provides solutions for the charging of customers’ fleets, including the procurement and installation of hardware, software and operational and maintenance costs. Customers sign five- to 10-year agreements for these services and AMPLY Power charges customers a flat usage rate ($/kWh or $ per mile driven).  
  • Customer-Financed Software-as-a-Service (SaaS): For customers who prefer to own their charging infrastructure, AMPLY Power offers a software and operate model where customers pay an annual license and service fee for software and managed services. AMPLY Power can manage these customers’ fleet electrification infrastructure services. 

AMPLY Power’s OMEGA Charge Management System software helps fleet operators manage energy costs and optimizes performance by providing real-time monitoring of EV charging operations and preventative maintenance for both vehicles and chargers.

“Convenience and mobility are core to bp’s strategy and bp seeks to develop new business models and services working with innovative partners. Electrification is at the heart of bp’s approach to mobility and it is growing its charging businesses around the world, aiming to have over 70,000 public charge points by 2030,” wrote bp in the release.

Under the terms of the agreement, AMPLY Power will continue to operate independently as part of bp’s global portfolio of businesses.