Shell Acquires EV Charging Network
Jan. 25, 2021— Royal Dutch Shell is acquiring ubitricity, the UK’s largest public electric vehicle charging network, Reuters reported Monday.
“This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer,” Shell said in a statement.
The deal is expected to be completed later this year and will give Sheel ownership of over 2,700 on-street charge points in the UK.
Shell is aiming to become a net-zero emissions energy business by 2050 or sooner.