UK | Morrisons has ended an EV charging agreement with Equans following forecourt sale to MFG.
Morrisons and energy and services group Equans have reached an agreement to end a contract signed in 2019, which granted Equans exclusive rights to install and operate electric vehicle (EV) charging points across Morrisons' fuel forecourts.
The agreement followed Motor Fuel Group’s (MFG) acquisition of 337 Morrisons fuel forecourts in a GBP 2.5 billion deal in 2024. The deal included fuel, convenience retail kiosks, ancillary services, and more than 400 associated sites across the UK for Ultra-Rapid electric vehicle (“EV”) charging development.
As part of the transaction, Morrisons will take a minority stake of approximately 20 percent in MFG, and enter into commercial and supply agreements with MFG, underscoring the long-term nature of the commercial partnership.
It will benefit UK motorists and shoppers at the pump and in store, as well as helping the UK prepare for the end of new diesel and petrol car sales in 2035 as the Government strives to meet its 2050 net zero target.
This level of investment will position MFG as one of the largest and most significant ultra-rapid EV charge point operators in the UK, with over 1,300 sites serving and powering millions of customers a week.
MFG will also grow to become the UK’s number two convenience store operator, serving communities across the country. MFG has already committed to completing its market-leading £400m EV rollout by 2030 and, through this partnership, intends to electrify approximately 800 sites with thousands of Ultra-Rapid chargers across the combined estate in that timeframe.
The proceeds of the sale will fund further investment in Morrisons' grocery and food-making businesses and significantly strengthen the business’s capital structure.
Equans will work closely with Morrisons and MFG to ensure a seamless transition for EV customers using the sites. As part of the transition plan, Equans will continue to operate a number of chargers over the coming months.
Equans, owner of the national public charging network GeniePoint, will continue with its strategy to support both public and private customers to make the transition to electric vehicles.
