The AGL Energy Limited (ASX: AGL) share price is on the move on Thursday.
In morning trade, the energy company's shares are up slightly to $9.80.
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What's going on with the AGL share price?
The AGL share price is rising today for a couple of reasons. One is the share market pushing higher following a reasonably decent night on Wall Street.
In addition, this morning AGL revealed that it has signed a deal with global energy giant BP.
According to the release, the two parties have signed a three-year agreement that will build on AGL's existing electric vehicle (EV) at home and BP Pulse's existing on-the-go charging network to help accelerate the electrification of transport.
The agreement will enable customers who sign up to AGL's refreshed EV home energy plan in New South Wales to also enjoy a discounted rate for public charging at BP Pulse sites.
Another key aspect of the agreement will see the two companies explore and collaborate on the deployment of public charging infrastructure powered by renewable energy. This aligns with their ambition to deliver a low-carbon future where customers are at the forefront on the transition to net-zero.
AGL's Chief Customer Officer, Jo Egan, said:
The agreement aligns with AGL's focus on supporting the electrification of transportation in Australia, enabling the shift to an electric vehicle to be easy for our customers. We are looking to build a seamless charging experience for electric vehicle drivers to help ensure charging is simple, accessible, and affordable – whether that is at home or on-the-go.
The agreement recognises the pivotal role we play in shaping Australia's future. As we transition to a low-carbon future, this agreement will empower our customers with innovative, sustainable and cost-effective EV charging solutions.
This sentiment was echoed by BP Pulse's Asia-Pacific Vice President, Sujay Sharma, who said:
We're putting the customer at the heart of our strategy; installing a fast and convenient EV charging network in key metropolitan and regional locations across Australia, and now, through this agreement, eligible AGL customers can take advantage of special rates to charge with bp pulse in New South Wales.
