MOSCOW (MRC) -- Phillips 66 signed a letter of intent with FreeWire Technologies in support of its first electric-vehicle charging program in the United States, the two companies announced.
The announcement highlights Phillips 66’s commitment to pursue lower-carbon solutions and comes as an endorsement of FreeWire’s ultrafast, battery-integrated charging technology. The two companies will explore opportunities to deploy FreeWire’s technology within Phillips 66’s U.S. fueling stations and other strategic locations.
“With EV adoption growing, Phillips 66 is working with FreeWire to bring consumers electric fueling stations that meet their expectations for high-speed, on-the-go charging,” said Pam McGinnis, Vice President, Global Marketing at Phillips 66.
FreeWire joined Phillips 66 at its branded marketer conference in Las Vegas this week to showcase the agreement. Phillips 66 plans to expand its base of electric fueling stations by leveraging its retail network of approximately 7,000 U.S. sites using the Phillips 66, 76 and Conoco brands.
“We are thrilled to play a leading role in Phillips 66’s electrification plans that unlock new customer relationships with EV drivers,” said Arcady Sosinov, FreeWire Founder and CEO. “As charging demand continues to surge, our battery-integrated chargers offer the streamlined, shovel-ready solution that many entering the EV charging space are looking for."
FreeWire’s Boost Charger offers an attractive alternative to costly and time-intensive upgrades to electrical grid and power infrastructure of an individual site. It connects to existing infrastructure without burdensome construction costs and permitting restraints.
As per MRC, Chevron and ExxonMobil have signed separate agreements with state energy company PT Pertamina to explore lower carbon business opportunities in Indonesia. Chevron signed an MoU through its subsidiary, Chevron New Ventures Pte. Ltd, and is looking at potential businesses in new geothermal technology, carbon offsets through nature-based solutions, carbon capture, utilization, and storage (CCUS), Pertamina said.
We remind that Chevron Phillips Chemical, a joint venture of Phillips 66 and Chevron, will make a final investment decision on a new cracker in far southeast Texas in 2022, followed by an FID in 2023 on an USD8 billion joint venture petrochemical complex along the US Gulf Coast in 2023.