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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