UK licensed electricity supplier Good Energy announced on Tuesday that it has entered into a partnership agreement with automobile manufacturer BMW to provide 100% green electricity to the households of BMW customers throughout mainland Britain UK. This will enable the owners of BMW i3 and BMW i8 urban electric car models to charge their vehicles at home using renewably sourced electricity.
Good Energy stated that it sources all its electricity from certified renewables across Britain. It operates with strict purchasing policies and its main electricity tariff is certified by the independent Green Energy Supply Scheme. The partnership between the two companies will reportedly help BMW to fulfil its objective of providing truly low carbon driving, in line with its strategy for sustainable electric mobility and responsible charging to help to displace CO2 emissions from ‘power plants to tailpipe’.
According to Good energy, BMW will be the first electric vehicle manufacturer in the UK to offer a complete product portfolio that includes a specially developed and purpose-designed home charging unit with complementary green electricity products and services. Good Energy added that it will work closely with BMW to further develop custom-made green electricity tariffs for Electric Vehicles, while taking into account the UK’s supply and demand, as well as typical charging behaviours, .
The all-electric BMW i range of locally emission-free vehicles designed for city driving are sustainably designed throughout and are powered by BMW’s fully emission-free electric motors. The vehicles run on lithium-ion high-voltage batteries that have a range of up to 100 miles. Prices range from £30,680.00.
With more than 35,000 renewable electricity customers, Good Energy ensures that all the electricity it supplies is 100% matched with electricity sourced from renewable energy. The company added a gas product to its range in 2008 and now has over 12,000 gas customers. In addition, Good Energy owns the UK’s first commercial wind farm, Delabole Wind Farm and aims to develop 110MW of capacity of new renewable electricity generation assets by 2016.
German automobiles manufacturer BMW AG (ETR:BMW) intends to acquire a 2% interest in UK electric vehicle charging systems supplier Chargemaster Plc, which recently unveiled plans for a London IPO, a source told Reuters.
BMW is expected to announce the deal prior to its Monday introduction of the i3 electric vehicle, the informed person mentioned, without revealing the value of the planned transaction.
However, according to Britain’s Sky News, BMW will spend some GBP500,000 (USD765,000/EUR580,000) on the stake purchase.
Last year, Chargemaster provided more than 2,800 charging points, thereby recording a revenue of around GBP3.6m.
None of the parties wished to comment to Reuters.
The world’s most popular luxury car brand has seen its earnings skyrocket on the back of global demand increases and an exciting new lineup. BMW‘s profits for the second quarter of 2010 are some of the highest in years – a full six-times increase from the same period last year. The auto manufacturer has pointed to increased demand and greater consumer spending for the success.
BMW are one of the world’s most acclaimed luxury car brands, enjoying buyer loyalty throughout both Europe and many Asian countries. With developing markets like China demonstrating a new interest in luxury automobiles, many of BMW’s less popular models have found a new market in overseas destinations. The revised 5-Series vehicles saw the most sales growth in 2010.
Close to 400,000 vehicles were sold worldwide throughout the quarter – an impressive figure for a luxury car manufacturer in an unexciting world economy. Automotive journalists have pointed to BMW’s new 1-Series and revised 5-Series design for the success, claiming that the less expensive compact car has opened BMW up to new buyers, while the new sedan has boosted mid-level sales.
The German automotive company also owns British marquee Mini, luxury brand Rolls Royce, and a series of other small vehicle manufacturers. The bulk of BMW’s earnings came from domestic and EU sales, although areas such as Taiwan showed extensive sales growth. The group has released a statement claiming that they are already planning for greater growth and profit in 2010.
A favourite of executives, BMW was one of the world’s most profitable automobile firms before the financial crisis of 2007. With the economy slowly improving, the German luxury automobile maker is aiming to push its sales back to pre-crisis levels while introducing a redesigned model lineup.