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.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Looking for actionable business insights all in one place? 
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Stephen England-Hall: Genesis Energy chief retail officer on the company taking a majority 65 percent stake in ChargeNet

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/236efd24-3172-44bb-9214-b1fe0037efe2/transcript

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 


This week, Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice.&nbsp;
 This week,&nbsp;Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

SME Stream Weekly Wrap - 27 February

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid. 

The national airline's announced a $40 million half-year loss. 

The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation.  

Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn. 

He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't. 

They’ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs. 

Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild. 

He says up until now, they've been playing not to lose, but now they're building a business that can play to win.  

LISTEN ABOVE  

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid.&nbsp;
The national airline's announced a $40 million half-year loss.&nbsp;
The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation. &nbsp;
Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn.&nbsp;
He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't.&nbsp;
They&rsquo;ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs.&nbsp;
Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild.&nbsp;
He says up until now, they've been playing not to lose, but now they're building a business that can play to win. &nbsp;
LISTEN ABOVE &nbsp;

Nikhil Ravishankar: Air New Zealand CEO on the company's $40 million half-year loss

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Stephen England-Hall: Genesis Energy chief retail officer on the company taking a majority 65 percent stake in ChargeNet

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