The world’s largest investment fund BlackRock will invest $100 million (US$72 million) towards the rollout of 5,000 electric vehicle charging stations across Australia. BlackRock Real Assets will acquire a stake in Australian electric vehicle (EV) charging provider JOLT Charge and will support its expansion by helping to build infrastructure that will encourage Australians to take up EVs faster. This is BlackRock’s first investment in the EV charging sector in the Asia-Pacific region and is part of the rollout of its Global Renewable Power Strategy fund, which is focused on renewable energy infrastructure assets. Charlie Reid, managing director of BlackRock Renewable Power, said the partnership with JOLT had long-term potential growth. “We believe the electrification of transport plays a pivotal role in advancing Australia’s energy transition, and we look forward to harnessing this through our investment in JOLT,” he said in a statement. Doug McNamee, CEO and founder of JOLT, said …
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