IndianOil (Indian Oil Corporation Limited) has announced it will install electric vehicle (EV) charging facilities at 10,000 fuel stations over the next three years. Presently, it has 448 EV charging stations and 30 battery swapping stations across the country.
The oil and gas major plans to expand the charging station network in a phased manner to the state capitals, smart cities, and major highways and expressways connecting these cities. In the first phase, it will focus on nine cities, including Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune.
IndianOil has been evaluating emerging trends in mobility, focusing on relevant areas in the Electric Vehicle (EV) value chain, and exploring potential business opportunities to stay ahead in the transition curve.
“Electric Vehicles are now a reality, and IndianOil is geared up to tide over challenges and leverage opportunities in this area. Our bouquet of services will now include alternative energy offerings, including EV charging at our fuel stations,” said chairman IndianOil SM Vaidya.
IndianOil has collaborated with Tata Power, Rajasthan Electronics and Instruments Limited (REIL), Power Grid Corporation of India Limited (PGCIL), NTPC, Fortum, Hyundai, Tech Mahindra, Bharat Heavy Electricals Limited, and Ola for setting up EV chargers at its fuel stations. Initially, a mix of chargers suited for two-wheelers/three-wheelers will be provided, which will be further upgraded as per requirement and market conditions.
IndianOil is also undertaking several other initiatives to minimize its carbon footprint and that of its customers. The Corporation has installed a hybrid microgrid enabled clean energy EV charging solution, at its SBT Fuel Station at Neelamangala, Bangalore. The hybrid microgrid used for charging EVs at IndianOil fuel stations comprises solar power, battery storage, and grid power. The solution, developed and patented by Hygge Energy, ensures that charging takes place primarily using solar power, thus ensuring zero-emission e-mobility. In addition to EV charging, this solution is an integrated platform that allows energy monitoring, energy optimization, and revenue monitoring.
Among other initiatives, IndianOil has collaborated with Sun Mobility to strengthen its forays into green energy for battery swapping stations, and also set up IOC Phinergy, a 50:50 JV Company with Israel’s Phinergy to commercialize aluminium-air battery technology in India.
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