10 May 2021 10:30
OMV Petrom S.A.
Investor News
May 10, 2021
OMV Petrom and Renovatio lay the foundations of a partnership to develop the most ambitious electric mobility project in Romania
► At least 40 fast and ultra-fast recharging stations will be installed in the OMV and Petrom filling stations, in Romania, by the end of 2022
► About 20 recharging stations will have an installed power of 350 kW, which allows the recharging of the battery in less than 20 minutes
OMV Petrom, the largest energy company in South-Eastern Europe, together with Renovatio, the operator of the largest network of recharging stations for electric vehicles in Romania, will install, by the end of 2022, at least 40 fast and ultra-fast recharging stations in OMV and Petrom filling stations, in Romania.
Radu Căprău, member of the OMV Petrom Executive Board, responsible for Downstream Oil: "Electric mobility represents a long-term project and meets an increasingly diverse demand for the road transportation. Lately, we see that more and more Romanians are opting for electric and hybrid vehicles. Even if, in Romania, the number of these vehicles is currently low, the prospects are for electric mobility to become a mainstream option, especially over short distances. And we are preparing to provide in the coming years the necessary infrastructure for various mobility options."
Alexandru Teodorescu, Managing Parter Renovatio: "Sustainability is the concept at the core of Renovatio's business, whether we are talking about renewable energy projects, the supply of green energy to our customers or charging services for electric vehicles. We believe in electric mobility and we develop the infrastructure of fast charging stations nationwide. We have built the e-charge network for customers who are living at a fast pace, for which short charging times and the proximity of stations are a daily need. In this way, we are contributing to the European strategic goal of reducing carbon emissions to which our country has also adhered."
All locations will have at least one recharging station with a minimum power of 50kW, and at least 20 of them will have recharging stations with an installed capacity of 350 kW right. The latter will form the largest network of ultra-fast charging stations in Romania.
An electric vehicle's battery recharging cycle varies depending on the battery's configuration and the vehicle's technological compatibility with the charging solution. The purpose of these recharging points is to allow drivers of electric vehicles to be back on the road in less than 20 minutes. The recharging stations will be located with priority along the corridors of the Trans-European Transport Network (TEN-T) in Romania, as well as in urban areas.
Four years ago, OMV Petrom was the first energy company in Romania that, as part of a pilot project, installed the first fast recharging station for electric cars, in an OMV filling station. In 2020, OMV Petrom announced that it will install, by the end of 2021, another approximately 40 recharging stations in OMV and Petrom filling stations in Romania and Bulgaria.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of 53 million boe in 2020. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through 790 filling stations, at the end of March 2021, under two brands - OMV and Petrom.
OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, Fondul Proprietatea holds 7%, and 21.4% is the free float on the Bucharest Stock Exchange and the London Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with contributions of approximately 32 billion euro in taxes and dividends paid between 2005 and 2020.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2020, the company has allocated approximately 72 million euro to develop communities in Romania, focusing on environmental protection, education, health and local development.
On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change.
About Renovatio
Renovatio is a young and dynamic company, born from a passion for sustainability, renewable energies and sustainable development.
Even since 2015, one of the main goals was to implement infrastructure for alternative fuels, nationwide. Renovatio was the first company to massively invest in developing a recharging stations network for electric vehicles, Renovatio e-charge being today the largest network in Romania, with more than 270 charging points, out of which 120 offer fast and ultra-fast charging.
The e-charge network covers over 2500 km of the main transportation corridors in Romania as well large urban agglomerations. The implemented e-roaming solutions will open access to partner networks in both the country and the region (Hungary, Croatia, Bulgaria, etc.).
The strategy for the next years is to extend the services provided to other types of alternative fuels, especially hydrogen.
Contact:
OMV Petrom Investor Relations
Tel: +40 372 161930, Fax: +40 372 868518
E-mail: investor.relations.petrom@petrom.com