Genesis Energy has confirmed it will spend $64 million on taking a majority stake in ChargeNet - the nation's leading EV public charging network.

Under terms of the agreement, Genesis will acquire a 65 percent stake in ChargeNet, which was founded in 2015 by tech entrepreneurs Steve and Dianna West. 

Genesis chief retail officer Stephen England-Hall says decarbonising New Zealand's transport output is critical to the country's future.

LISTEN ABOVE

Genesis Energy has confirmed it will&nbsp;spend $64 million on taking a majority stake in ChargeNet - the nation's leading EV public charging network.
Under terms of the agreement, Genesis will acquire a 65 percent stake in ChargeNet, which was founded in 2015 by tech entrepreneurs Steve and Dianna West.&nbsp;
Genesis chief retail officer Stephen England-Hall says decarbonising New Zealand's transport output is critical to the country's future.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Advertisement