BP (BP.)

Sector:

Energy Producers

Index:

FTSE 100

487.05p
   
  • Change Today:
      2.35p
  • 52 Week High: 558.00p
  • 52 Week Low: 444.25p
  • Currency: UK Pounds
  • Shares Issued: 16,597m
  • Volume: 1,210,190
  • Market Cap: £80,835m
  • RiskGrade: 211

BP and Daimler partner to roll-out hydrogen network for UK freight transport

By Alexander Bueso

Date: Wednesday 27 Oct 2021

LONDON (ShareCast) - (Sharecast News) - BP and Daimler will work together to accelerate the introduction of a hydrogen network with the aim of decarbonising UK freight transport.
As part of their plans, they will pilot both the development of the necessary infrastructure and the introduction of fuel-cell trucks.

Under the terms of their memorandum of understanding, BP will assess the feasibility of building and operating as many as 25 hydrogen refuelling stations across the country by 2030.

"Hydrogen is critical to decarbonizing hard-to-abate sectors - and for heavy and long-distance freight it is sometimes the only answer," said Emma Delaney, BP's executive vice president for customer and products.

"Working with a leading manufacturer like Daimler Truck AG we can accelerate the deployment of both vehicles and infrastructure and pioneer the use of hydrogen to fuel the next generation of UK freight."

BP would supply the 'green hydrogen' for the stations generated from water using renewable power.

The company already had 11,000 electric vehicle charging points globally and had plans to expand its network to 70,000 by 2030.

Nevertheless, the present MoU was one of the first steps to deploying hydrogen for transport.

For its part, Daimler would supply hydrogen-powered fuel-cell trucks to its UK customers starting from 2025.

Its stated intention was to only offer C0-2 neutral vehicles in driving operation in Europe, North America and Japan by 2039.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BP Market Data

Currency UK Pounds
Share Price 487.05p
Change Today 2.35p
% Change 0.48 %
52 Week High 558.00p
52 Week Low 444.25p
Volume 1,210,190
Shares Issued 16,597m
Market Cap £80,835m
RiskGrade 211

BP Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
80.59% above the market average80.59% above the market average80.59% above the market average80.59% above the market average80.59% above the market average
1.30% above the sector average1.30% above the sector average1.30% above the sector average1.30% above the sector average1.30% above the sector average
Price Trend
44.71% above the market average44.71% above the market average44.71% above the market average44.71% above the market average44.71% above the market average
69.62% above the sector average69.62% above the sector average69.62% above the sector average69.62% above the sector average69.62% above the sector average
Income
85.99% above the market average85.99% above the market average85.99% above the market average85.99% above the market average85.99% above the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
16.39% above the market average16.39% above the market average16.39% above the market average16.39% above the market average16.39% above the market average
2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average

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Time Volume / Share Price
08:31 989 @ 487.05p
08:31 136 @ 487.00p
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08:31 1,030 @ 486.95p

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