Eneos to acquire EV charging network in Japan

NHK has learned that Japan's largest petroleum wholesaler, Eneos Holdings, is building up its electric vehicle-charging business as it diversifies from fossil fuels.

The company will acquire the rights to operate the charging network of Japanese electronics firm NEC. The move comes as EVs are expected to become increasingly popular in Japan.

Eneos is shifting its business model away from gasoline to one more in line with the push for de-carbonization.
It set up an EV business development department in June last year.

The company plans to centrally control the nationwide network of several thousand EV chargers placed at supermarkets and other locations.
With about 13,000 filling stations across Japan, Eneos faces the challenge of offering other services than pumping gas.
The acquisition of the rights means the company will be able to expand the EV charging network to its affiliated gas stations.

Eneos is also considering using NEC's proprietary digital technology to improve efficiency.

In May, Eneos concluded an agreement with East Japan Railway Company to develop hydrogen-powered hybrid trains.