Shell pays for Ubitricity, the UK's largest electric charging network

 

 

 


 

The Shell group takes on Ubitricity, one of the European leaders in the supply of charging infrastructure for on-street electric vehicles.

One way for Shell to contribute to the transition to lower carbon intensity transport.

 

 

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Ubitricity in Shell's purse


The giant Shell announces the acquisition (100%) of Ubitricity, a major player in the supply of charging infrastructure for electric vehicles. The acquisition remains subject to authorization by the competent authorities and should be finalized during the course of the year.

Remember that Ubitricity operates in several countries in Europe and has the largest public charging network in the United Kingdom, with more than 2,700 charging points (ie a market share of around 13%). It is also present in Germany and France.

 

 

 


 

 

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This acquisition marks Shell's expansion into a growing electric charging market and will provide key skills to enable Shell to expand its existing network. This already includes more than 1,000 charging stations at around 430 Shell service stations, as well as access to more than 185,000 partner electric charging points.

For Stván Kapitány, Executive Vice-President of Shell Mobility: “By working with local authorities, we want to support a growing number of drivers towards electric mobility. On-street electric charging will be essential for those who live and work in cities, or who do not have access to private parking lots. No matter where they are, whether at home, at work or on the go, we want to offer our customers a multitude of convenient and cost-effective electric charging options. '

Shell's ambition is to become a net zero emission energy company by 2050, or sooner, in tune with society. Once the acquisition is finalized, Ubitricity will be a 100% Shell subsidiary.


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