Genesis Energy, one of New Zealand’s leading energy companies, has acquired a 65% stake in ChargeNet, the country’s largest electric vehicle (EV) charging network, as part of a major investment aimed at expanding the nation’s EV infrastructure. The $64 million NZD ($36 million EUR) investment will enable ChargeNet to accelerate its network expansion, with plans to more than double its existing infrastructure by 2030.
ChargeNet currently operates 250 public charging sites and 430 individual charging points nationwide. The company aims to play a pivotal role in supporting New Zealand’s transition to cleaner transport by scaling up its network over the coming years. “Decarbonising transport is crucial for New Zealand’s future, and public charging infrastructure is a key element of that transition,” said Stephen England-Hall, Chief Retail Officer for Genesis Energy, in a statement. He added, “This partnership combines ChargeNet’s market leadership with Genesis’ energy expertise and customer reach.”
ChargeNet CEO Danusia Wypych expressed optimism about the partnership’s potential to drive EV adoption across the country. “Over the last three years, EV ownership has increased by 200 per cent. There’s been a slowdown this year as policy has shifted but the fundamentals of electrification are sound,” she said. The collaboration between Genesis and ChargeNet is expected to enhance New Zealand’s charging network, particularly as interest in EVs continues to grow, with 30% of Auckland residents reportedly considering EV purchases in the next three years.
