Shell Buys UK’s Top EV Charging Network
Shell is buying ubitricity, the European provider of on-street charging for electric vehicles (EVs) that has the largest public EV charging network in the UK, the supermajor said on Monday.
The expansion of Shell’s EV charging offering is part of the oil major’s support for low-carbon transport by offering electric vehicle drivers public on-street charge points integrated into existing street infrastructure, the company said.
That’s not the first deal for Shell in the EV charging business. As early as 2017, Shell signed a deal to buy one of Europe’s biggest EVs charging networks, Netherlands-based NewMotion. Shell has also partnered with a consortium involving some of Europe’s largest carmakers to build a network of EV fast-charging stations across the continent.
The acquisition of ubitricity, founded in Berlin, is the first major EV charging deal since Shell announced in April 2020 its ambition to become a net-zero emissions energy business by 2050 at the latest, joining other majors such as BP and Eni in unveiling plans to curb carbon emissions.
Click here to read the full article.
Source: Oil Price
Leave a Reply
Want to join the discussion?Feel free to contribute!