BT Group's Etc. Plans To Convert Traditional Broadband Cabinets Into EV Charging Stations
Portfolio Pulse from Benzinga Neuro
BT Group's tech incubation unit, Etc., plans to convert traditional broadband street cabinets into EV charging stations in the U.K. The first conversion will take place in East Lothian, Scotland, with technical trials across 60,000 cabinets to address the shortage of public EV charging points. The U.K. government aims to increase charging points to 300,000 by 2030, and BT Group's initiative could help overcome the infrastructure barrier deterring potential EV buyers. The project will assess technical, commercial, and operational factors and has been recognized with an Innovation Honoree award at CES for 2024.
January 08, 2024 | 1:22 pm
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BT Group's initiative to convert broadband cabinets to EV charging points could enhance its reputation as an innovator and potentially create new revenue streams.
The conversion project aligns with the growing demand for EV infrastructure and could position BT Group favorably in the market. The positive reception at CES and the alignment with government goals suggest a potential increase in investor confidence and stock value in the short term.
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