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

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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