Morrison, a specialist global infrastructure investor, has just announced a long-term partnership with the EDF Group, a major player in energy transition.  

The EDF Group and Morrison have signed a partnership to establish a joint financing platform to invest in the development of public charging solutions for electric vehicles in France.   

This platform aims to invest up to €450 million ($487 million) to build and deploy nearly 8,000 ultra-fast charging points across France by 2030, to meet the growing demand from electric vehicle users for access to charging solutions.

These may be located on-street or in private parking areas accessible to the public, adjacent to restaurants or retailers, the firm said in a statement. Charging demand is predicted to rise in parallel with the forecast increase in sales of electric vehicles. By 2030, the number of electric vehicles in France is projected to reach about 6.5 million, representing an annual electricity consumption of around 15 TWh2.

The partnership brings together the strengths of IZIVIA, a subsidiary of the EDF Group, and Morrison, which has focused on energy transition investments since the late 1990s. It will support the delivery of lower carbon emissions and the transition to a cleaner and more sustainable energy future, the firm continued. 

IZIVIA, a key player in the electric vehicle charging sector in France, remains committed to offering simple, efficient, and competitive charging solutions with a strong customer-focused approach.

“Transport is the leading sector emitting greenhouse gases in France, and its decarbonisation constitutes a major challenge for the EDF group and IZIVIA,” Jean-Philippe Laurent, head of business development strategy at EDF, said. “We are convinced that the development of fast charging will accelerate the deployment of electric mobility.” 

“We believe that investing in businesses serving enduring societal needs of our modern economy – such as transportation systems and their energy sources – is the key to the success of our investment strategy,” Pia Lambert, executive director at Morrison, added.

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