Royal Dutch Shell said today that it is acquiring 100% of Ubitricity, the UK’s largest public electric vehicle charging network. The amount of the acquisition is undisclosed, and the deal is expected to close later in 2021.
But Shell’s true road map to net zero by 2050 won’t become more clear until next month’s strategy update.
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Shell has announced a plan to increase their EV fast-charging presence in Germany, up to 200 total charging points from their currently announced 100.
Shell has announced its acquisition of Sonnen, a German company that specializes in home energy storage. Mostly known for its home battery packs, Sonnen also expanded into home EV charging last year. What does it mean for the industry which includes Tesla’s Powerwall?
Today, Shell announced the acquisition of Greenlots, an EV charging solutions company based in Los Angeles.
Greenlots will become a wholly-owned subsidiary of the oil giant’s “Shell New Energies US LLC,” an arm of the company which focuses on finding business opportunities in low-carbon energy sources.
sonnen, a Germany-based home battery pack and electric vehicle charger manufacturer, is making some big moves lately and those moves require money.
The company announced today that it secured a €60 million (~$70 million USD) financing round led by oil giant Shell. Expand
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Shell has been making a push to expand its services to electric vehicles over the last year. They announced that they would start deploying electric car charging stations in Britain and the Netherlands and we even saw their first Shell-branded charging station last month.
But the oil giant is really accelerating its electric vehicle effort this week with the acquisition of a major charging network. Expand
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Some oil companies are well aware of the world’s car fleet fast transition to electric vehicles and they are looking to adapt. As electric cars increase in popularity, gas stations will be forcefully downgraded to simple convenience stores and consequently, they will lose a significant revenue stream.
Shell aims to not be left out in this transition by installing electric vehicle chargers at their gas stations. Expand
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